SOURCE: Solar3D, Inc.

Solar3D, Inc.

June 09, 2015 12:57 ET

Solar3D's SUNworks Division Exceeding Plan in Reno

In Addition to Monthly Sales Total, Company Continues to Generate High Volume of Leads in Nevada Solar Market

ROSEVILLE, CA--(Marketwired - June 09, 2015) - Solar3D, Inc. (SLTD), a leading provider of solar power solutions and the developer of a proprietary high efficiency solar cell, today announced that its SUNworks division's Reno, Nevada office has achieved approximately $400,000 in sales for the month of May, continuing its upward trend since its regional launch in January.

During the month of May, SUNworks generated new residential sales of approximately $400,000, well ahead of plan, with an average residential contract of approximately $25,000. More importantly, the Company developed over 180 leads throughout the region, filling the pipeline for future contracts as it progresses into the summer and fall months.

The Company installed over 94kW of solar during the month for 16 different residential customers, an average of nearly 6kW per installation. Residential solar systems have becoming increasingly popular in Nevada. According to the Solar Energy Industries Association, in 2014 nearly twice as many residential solar systems were installed compared to the previous year. There are currently approximately 2,000 Nevada residents who generate their own solar power.

"We are pleased to find that the successful model for sales we have developed in California appears to be working well in Nevada," said Abe Emard, CEO of SUNworks. "We attribute this to the team's emphasis on customer service excellence, as we provide homeowners seeking cost efficient solar solutions with a viable product and knowledgeable team that can walk them through the process. This has created an organic referral program that continues to fill our pipeline with new business."

"This is just one part of Solar3D's overall strong growth picture but Reno is well ahead of the plan that we set when we started there in January. The sales growth exhibited by the Reno location is a testament to the program put in place by SUNworks leadership," said Jim Nelson, CEO of Solar3D. "When we embarked on our growth-by-acquisition model, we envisioned a team that could build off prior success and expand into new regions with new capabilities. The high-growth solar market provides endless opportunity, and we anticipate that our commitment to consolidation of smart companies will continue to increase total 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.

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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