SOURCE: Solar3D, Inc.

Solar3D, Inc.

June 18, 2015 07:30 ET

Solar3D's SUNworks Division Continues to Drive Deal-Flow in Agricultural Industry; Secures Contract With Large Rice Drying Company

Company Contracted by Northern California Rice Drying Facility to Implement Solar System Intended to Realize Immediate and Long-Term Cost Savings

SANTA BARBARA, CA--(Marketwired - June 18, 2015) - Solar3D, Inc. (NASDAQ: SLTD), a leading provider of solar power solutions and the developer of a proprietary high efficiency solar cell, announced today that it has secured an approximately $1,000,000 contract to design and install a photovoltaic system for a large rice drying facility based in Sutter, California.

Sutter Rice Company, owned and operated by Jack Parnell, is the second rice dryer to retain SUNworks for solar implementation in the past month. The system, a 483 kilowatt (kW) fixed tilt ground mount, will provide the company with the ability to offset a significant amount of the dryers current energy usage. It is estimated that the system will save Sutter Rice approximately $3.5 million in energy costs over a period of 25 years.

"Sutter Rice Company is a prime example of an organization that was drawn to SUNworks because of our expansive referral base and strong reputation within the agricultural industry," said Abe Emard, CEO of SUNworks. "We had initially made contact with their Company leadership some time ago following a referral, but as they learned more about SUNworks' commitment to customer service excellence and results, they worked proactively with their CPA to finalize this contract with us."

"The SUNworks referral network continues to grow as a result of our marketing strategy, as well as the support and results from the teams providing the installation," said Jim Nelson, CEO of Solar3D. "Much of our success can be attributed to the development of a strong commercial team able to generate leads through organic word-of-mouth referrals within the farming industry as well as other sectors, which has positioned us to continue driving business and ultimately revenue."

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.

About SUNworks
SUNworks is a commercial and residential division of Solar3D, Inc. (NASDAQ: SLTD), a leading solar power company and the developer of a proprietary high efficiency solar cell. SUNworks is focused on the design, installation and management of solar systems for agricultural, commercial, and residential customers. SUNworks has delivered hundreds of 2.5 kilowatt to 1-megawatt commercial systems and has the capability to deliver systems as big as 25 megawatts. SUNworks serve commercial, agricultural and residential customers throughout California and Nevada.

To learn more about SUNworks, visit http://www.visitsunworks.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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