SOURCE: Solar3D, Inc.

Solar3D, Inc.

July 16, 2015 12:56 ET

Solar3D's SUNworks Division Contracted by Several California-Based Agricultural Companies for Solar System Installation

Company Continues to Diversify Its Agricultural Client Portfolio With Unique Project Installation Requests

SANTA BARBARA, CA--(Marketwired - July 16, 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 its operating division SUNworks has been contracted by multiple California-based agricultural organizations to implement over 700 kilowatts in solar power. The contracts total approximately $1,500,000 in sales and are designed to achieve over $9 million in cost savings for the customers over the next 25 years.

Danamark Walnut, a prominent farming organization in Central California since 1930, produces high-quality walnuts from two locations, Stockton and Linden. The company prides itself on being environmentally friendly, as their orchards cleanse the planet's air of over 10,000 tons of carbon dioxide each year. Danamark Walnut's request for a rooftop 368.2kW Huller system and rooftop 111.6kw office system reflects their commitment to sustainability within the region, while the projects are expected to provide the farm approximately $4.5 million in energy cost-savings over the next 25 years.

Established in 1958, Bear River Supply serves its clients in the agricultural, turf and ornamental industries with crop nutrients, crop protection products and services. In order to reduce long-term and short-term energy costs, the company requested SUNworks install a 46.4kW roof panel for their supply house in Rio Oso, CA.

Family-owned and operation COE Orchard Equipment has been depended on by farms in the region as a leading manufacturer of top-of-the-line orchard equipment. SUNworks will be tasked with the installation of a 192.3kW DC Roof Mount designed to achieve more than $4.2M in cost savings over the next 25 years.

"The strongest indication of our agricultural success throughout the California region is the volume of incoming and organic leads we are generating," said Abe Emard, CEO of SUNworks. "Farmers are a very intelligent demographic with equal emphasis on being cost-minded and ensuring sustainability throughout their region. Our team understands the needs and motivations of those within the industry, especially in California and Nevada, which has resulted in a strong relationship between our brand and the high-growth agricultural sector."

About Solar3D, Inc.
Solar3D (NASDAQ: SLTD), 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., 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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