SOURCE: Solar3D, Inc.

Solar3D, Inc.

January 13, 2015 03:30 ET

Solar3D to Complete the Acquisition of Another Profitable Solar Systems Provider

Company Executing an Aggressive Growth-by-acquisition Strategy to Build the Next Solar Industry Powerhouse

SANTA BARBARA, CA--(Marketwired - January 13, 2015) - Solar3D, Inc. (OTCBB: SLTD), a leading solar power company, commented today on its progress regarding the acquisition of MD Energy (MDE), a Southern California solar systems provider known for its reputation of providing elite customer service. The company plans to complete the acquisition in February.

Led by CEO Danny Mitchell, MDE has excelled in large part due to its attention to detail, round-the-clock availability, and overall execution in solar implementation. This emphasis on customer satisfaction results not only in positive reviews, but a referral network that continues to grow and generate additional revenue.

MDE continues to win customer praise. A recent customer reported, "We received quotes from Renova and Solar City for the purchase of a solar system and both were $30,000 above the MD Energy quote. All the quotes were for the same number of solar panels, but the other companies also wanted to upgrade our electrical panel. However, MD Energy was able to use our existing equipment, which saved us an additional $5,000. Renova supplies a specific solar panel as the reason their costs are so high. In reality, the MDE solar panels have the same production rating as Renova panels. According to a Solar City representative, the solar panels they use are ones they buy in bulk whenever there is a huge markdown from a manufacturer. We are extremely pleased with our system, the way it looks and the workmanship of MD Energy."

"We are thrilled with the dedication to detail provided by the MD Energy team in terms of both product craftsmanship and customer service," said Jim Nelson, CEO of Solar3D. "As we progress towards completing the acquisition of the MDE, which we believe will finalize in February, we continue to discover countless positive indicators during our due diligence process. The online reviews posted by MD Energy customers, and overall respect from those within the solar industry, makes this purchase another prime example of why we believe that the growth-by-acquisition strategy of smart, successful companies will only enhance the Solar3D brand."

Solar3D seeks to continue identifying solar companies that meet its strict criteria for acquisition, such as possessing a strong management team, commitment to customer satisfaction, and revenue growth. This expansion model is largely supported by widespread belief that the solar industry, especially in California, will carry the explosive growth experienced in 2014 into 2015. In fact, a recent whitepaper published by analytics firm IHS, presents data indicating a 25% increase in global demand for solar PV in 2015. The same whitepaper also states "California in 2015 will become global leader in solar power penetration." Solar3D seeks to capitalize on this demand by further establishing its 'Solar 2.0' model of offering commercial and residential solar solutions that benefit the customer first with an emphasis on cost-efficiency and flexibility.

About Solar3D, Inc.
Solar3D is a leading provider of solar power solutions. The company's SUNworks division focuses on the design, installation and management of solar power systems for commercial, agricultural and residential customers. SUNworks is one of the fastest growing solar systems providers in California and has delivered hundreds of 2.5 kilowatt to 1-megawatt commercial systems and has the capability of providing systems as large as 25 megawatts. 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. 

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