SOURCE: Solar3D, Inc.

Solar3D, Inc.

January 22, 2015 03:30 ET

Solar3D's SUNworks Division Announces Commercial Projects

The Company's Operating Division Opens 2015 With Significant Revenue Generation Following a Strong 2014

SANTA BARBARA, CA--(Marketwired - January 22, 2015) - Solar3D, Inc. (OTCQB: SLTD), a leading provider of solar power solutions and the developer of a proprietary high efficiency solar cell, announced today that its commercial operating division, SUNworks, has contracted to perform commercial solar design and installation programs for two large scale California-based companies -- Innovative Produce, Inc. and Heidrick & Heidrick Properties, LP.

Innovative Produce, Inc., based in Santa Maria, is considered one of the largest agricultural grower-packers in the region, with a reputation for innovation, measured growth, and the highest level of customer satisfaction. The size of the project is estimated to be 892.8kW, and is believed to generate cost savings of approximately $6.6 million over the next 25 years.

Heidrick & Heidrick Properties, LP, based in Woodland, CA, provides building and land leasings for an array of agricultural and mixed-use purposes. The size of the project is estimated to be 504kW, and is believed to generate cost savings of approximately $3.4 million over the next 25 years.

"The SUNworks team continues to attract larger commercial clients seeking to reduce overall energy costs while increasing efficiencies across the board," said Jim Nelson, CEO of Solar3D. "Their success in generating revenue comes largely from their commitment to excellent customer service and the ability to provide large commercial organizations with flexible pricing."

"Over the past year, the SUNworks brand has exploded in popularity throughout California, resulting in a robust referral network," said Abe Emard, CEO of SUNworks. "Our 'Solar 2.0' model of promoting ownership advantages, as well as cost-efficient leasing programs, has differentiated us from the competition who continues to market expensive solar systems to clients, despite falling solar costs. We consider our revenue growth to be a direct result of this improved business model, and look forward to continuing to serve our commercial customers to achieve their energy objectives."

About Solar3D, Inc.
Solar3D is a leading provider of solar power solutions and the developer of a proprietary high efficiency solar cell. 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. 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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