SOURCE: Solar3D, Inc.

Solar3D, Inc.

March 18, 2015 06:00 ET

Solar3D Continues Strategy of Acquiring Strong, Revenue-Producing Solar Companies

The Company's Goal Is to Build a More Competitive Entity Than What Currently Exists in the US Solar Market

ROSEVILLE, CA--(Marketwired - March 18, 2015) - Solar3D, Inc. (SLTD) (NASDAQ: SLTD), a leading provider of solar power solutions and the developer of a proprietary high efficiency solar cell, today commented on its growth-by-acquisition strategy intended to consolidate additional companies with strong revenue under the Solar3D brand. The Company's goal is to build a more competitive entity than what currently exists in the US solar market.

Solar3D initiated its growth-by-acquisition strategy in 2013 with the purchase of SUNworks, a Roseville, CA-based provider of design, installation and management services of solar systems for commercial customers. The Company also recently completed the purchase of profitable Cucamonga, CA-based MD Energy, a premier provider of solar projects.

On March 4, the company uplisted to The NASDAQ Stock Market, a move designed to increase appeal to institutional investors and analysts. The Company also received a significant capital infusion, the proceeds of which can be used to acquire additional companies in the high growth solar market.

"The momentum gained from acquiring SUNworks and MD Energy, coupled with greater financial resources and uplisting to the NASDAQ has positioned us for substantial growth in 2015 and beyond," said Jim Nelson, CEO of Solar3D. "Our growth-by-acquisition model is essential to our long-term strategy. We are highly focused on identifying profitable solar companies with strong leadership that fit our criteria."

Mr. Nelson concluded, "Thus far, our operating subsidiaries have outperformed our expectations. They have increased sales by offering our 'Solar 2.0' model that provides the cost-efficient flexibility that commercial and residential property owners seek when choosing to go solar. We are confident that this trend will continue due to the explosive growth within the solar industry."

new report from the U.S. Energy Information Administration finds that the electricity generated from renewable sources grew a lot faster than electricity generated by fossil fuels last year. In fact, solar more than doubled.

About Solar3D, Inc.
Solar3D, a leading provider of solar power solutions, is focused on the design, installation and management of solar power systems for commercial, agricultural and residential customers. Through its wholly owned subsidiaries, Solar3D is one of the fastest growing solar systems providers in California delivering 2.5 kilowatt to multi-megawatt commercial systems. Solar3D's technology division is developing a patent-pending 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. The Solar3D Cell collects sunlight from a wide angle and lets light bounce around in 3-dimensional microstructures on the solar cell surface. The Company's mission is to further the widespread adoption of solar power by deploying affordable, state-of-the-art systems and developing breakthrough new solar technologies.

To learn more about Solar3D, visit our website at http://www.Solar3D.com.

Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These risks include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products, and prospects for sales, failure to commercialize our technology, failure of technology to perform as expected, failure to earn profit or revenue, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. 

Contact Information