SOURCE: Solar3D, Inc.

Solar3D, Inc.

July 14, 2015 09:00 ET

Solar3D's SUNworks Division Secures $1M Contract in Nevada

Company's Nevada Office Builds Off Strong Referral and Marketing Platform to Achieve Revenue Growth

SANTA BARBARA, CA--(Marketwired - July 14, 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's Reno, Nevada-based office has secured a contract of over $1 million for the design and installation of a commercial solar system for a prominent agribusiness owner.

Based in Sparks, NV, the client is a prominent family-owned and operated business with over forty years of experience in the transportation of hay cube and alfalfa hay. Transportation services performed by the Company include importing, exporting, drayage, and intermodal trucking, among others.

SUNworks has been tasked with designing and installing a 483.6 kW DC fixed ground mount. It is anticipated that the system will achieve more than $2.3 million in cost savings over the next 25 years. Furthermore, SUNworks played a pivotal role in securing financing, helping to acquire a USDA REAP Grant for the business.

"We are pleased that our build-out of the Reno office has progressed to the point of continuously driving sales in the region and achieving revenue on behalf of the Company," said Abe Emard, CEO of SUNworks. "SUNworks is well known for its experience in identifying opportunities to reduce energy costs for agribusinesses and executing to achieve long-term savings. We are confident that the Company is positioned to capitalize on this market opportunity within Nevada's high-growth market for both commercial and residential solar solutions."

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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