SOURCE: Solar3D, Inc.

Solar3D, Inc.

April 09, 2015 05:00 ET

Solar3D's SUNworks Division Achieves Record Sales in March

Proprietary referral portal generates significant closed leads resulting in a record month for residential sales

ROSEVILLE, CA--(Marketwired - April 09, 2015) - Solar3D, Inc. (NASDAQ: SLTD), a leading provider of solar power solutions and the developer of a proprietary high efficiency solar cell, today announced that during the month of March, its SUNworks operating division achieved record residential sales by closing 69 solar design and installation contracts.

During the month of March, SUNworks generated new residential sales of over $2.1 million, with an average residential contract of nearly $32,000. The record sales figures are indicative of SUNworks growing footprint in the market, as the Company continues to expand through California, and more recently, into Nevada. Sales achieved this early in the year position the Company for substantial growth as it enters the warmer months.

Of the 69 projects, 23 were referrals generated through the PowerPay Plan portal, which represented 35% of all residential contracts, including the largest project of the month. The referral program is driven by the high quality solar solutions provided to the company's commercial customers, as well as its top-tier customer service. In addition to submitting and tracking referrals, the PowerPay Plan portal allows customers to review their current systems and access monitoring sites. Those who make referrals through the portal are also awarded two entry tickets for the Company's annual giveaway of a Tesla S Type electric vehicle.

"We are thrilled to see the momentum demonstrated by our residential sales in March, which were even greater than we anticipated," said Jim Nelson, CEO of Solar3D. "This result is a testament to the hard work put forth by the SUNworks team that developed the innovative referral portal. Also, they deserve credit for successfully executing the plan to provide value to the customer and achieve revenue."

"The last couple of months have led us to believe that the proverbial 'switch has been turned on,' as more customers have approached us than ever before," said Abe Emard, CEO of SUNworks. "We are confident this upward trend in referrals will continue, as we maintain our emphasis on providing best-in-class customer service and solar solutions that benefit our customers."

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. 

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