SOURCE: Solar3D, Inc.

Solar3D, Inc.

November 25, 2013 03:04 ET

Solar3D's Proposed Acquisition, SUNworks, Praised by Customers

Customers Surveyed Provide Strong Feedback About SUNworks' Superior Quality and Customer Service

SANTA BARBARA, CA--(Marketwired - Nov 25, 2013) - Solar3D, Inc. (OTCQB: SLTD), the developer of a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity, today announced that customers surveyed by its proposed acquisition, Solar United Networks, Inc. (SUNworks), praised the company for its quality and service and considered it to be a premier solar systems provider.

Abe Emard, Chief Executive of SUNworks, stated, "When we surveyed our customers, it became clear to us that they are our best source of advertising. Comments made by certain customers demonstrate that we are living up to our stated core values."

William Stone, President, Drum Heller Dryers

"We are extremely satisfied with SUN works ability to facilitate the entire process from development, financing, and installation," said William Stone, President of Drum Heller Dryers. "They went the extra mile to overcome any obstacles that got in the way and made sure we were always informed. As we grow our operation, we will continue to contact SUNworks for all our solar energy needs. Their customer service and level of integrity was far superior to what we have experienced in the past."

Sam Jamison, Director of Engineering, Jackson Family Wines

"SUNworks designed, developed, and installed the ballast mount system on our three barrel buildings," said Sam Jamison, Director of Engineering for Jackson Family Wines. "Their innovative design and attention to detail through design, permitting, and installation was impeccable. They have a proven schedule control and excellent quality control. We were very pleased with their superior customer service, and overall performance. We will continue to work with SUNworks on all our future projects."

Kyle Remley, Project Coordinator, Main Street Power

SUNworks completed a very difficult solar project located on seven different sites around the University of California Davis campus. Kyle Remley of Main Street Power was the Project Coordinator. According to Mr. Remley, "I was pleased with SUNworks' ability to step up and complete a challenging project. With weekly construction challenges and changes, and a fixed completion date, SUNworks was able pull the necessary resources together and meet the high expectations of both the University and Main Street Power within our narrow time frame. SUNworks' ability to improvise in the field and provide solutions to unforeseen issues was well received and I would recommend SUNworks for any similar, challenging solar installation."

Emil Beitpolous, President of SUNworks, added, "SUNworks' core values include a commitment to superior customer service, treating individuals with dignity and respect, conducting our business with honesty, integrity and fairness, and continuously raising the bar in the solar industry. Our commitment to these core values has created lifelong customers in the Commercial & Agriculture Industry. We believe that as our customers grow their operations and expand, they will continuously call on SUNworks as their solar energy provider to help them achieve energy independence."

Jim Nelson, CEO of Solar3D, concluded, "This is what being competitive is all about. SUNworks will continue to grow, profit and win as it provides the superior customer service that is its differentiating characteristic. We believe that Solar3D will flourish as we identify comparable companies with similar values and invite them to join the Solar3D family of companies."

SUNworks, focused on the design, installation and management of solar energy systems for commercial, agricultural and residential customers, is one of the fastest growing solar systems providers in California. The company has delivered hundreds of 2.5 kilowatt to 1-megawatt commercial systems and has the capability to deliver systems as big as 25 megawatts. Its revenue for 2013 is estimated to be in excess of $7,500,000, with estimated pre-tax profits of almost $1,000,000. After the acquisition, SUNworks will continue operations as a wholly owned subsidiary of Solar3D. The transaction is expected to close in January 2014.

About Solar3D, Inc.

Solar3D, Inc. is developing a breakthrough 3-dimensional solar cell technology to maximize the conversion of sunlight into electricity. Up to 30% of incident sunlight is currently reflected off the surface of conventional solar cells, and more is lost inside the solar cell materials. Inspired by light management techniques used in fiber optic devices, our innovative solar cell technology utilizes a 3-dimensional design to trap sunlight inside micro-photovoltaic structures where photons bounce around until they are converted into electrons. An innovative wide-angle light collection feature on the cell surface allows for the collection of sunlight over a range of angles during the day. This next generation solar cell is designed to be dramatically more efficient, with the goal of achieving a lower cost per watt that will make solar power affordable for the world. To learn more about Solar3D, please 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 of terrorist actions, and U.S. actions subsequently; and other factors detailed in public reports filed by the Company.

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