SOURCE: Sunworks, Inc.

Sunworks, Inc.

June 01, 2016 08:00 ET

Sunworks Expands Into Oregon

Opens Oregon Division, Broadening Geographic Reach and Bringing Customer-Focused Solar Solutions to Oregon Residents and Businesses

ROSEVILLE, CA--(Marketwired - June 01, 2016) - Sunworks, Inc. (NASDAQ: SUNW), a leading provider of solar power solutions, today announced the opening of its Southern Oregon Office, signaling a strategic expansion of the Company's geographic reach. Sunworks is now providing high efficiency, low cost solar solutions to homes and businesses in the region, establishing itself as a driver of sustainability throughout yet another high-growth market.

Sunworks is a natural fit for the region, having established a strong track record throughout California and Nevada. With an abundance of opportunities for large scale projects in Southern Oregon, the opportunity to expand into the high growth market aligns with Sunworks' strategic growth plan. Solarpowerrocks.com ranks Oregon as the fifth-most solar friendly state in the US.

Sunworks has always placed an emphasis in promoting education within the marketplace, providing accurate and informative solar proposals for customers spanning commercial, residential, and agricultural sectors. The Company will utilize its ability to offer premium systems at a low price point together with generous state incentives to support its business in the new market.

As a designated Oregon Energy Trade Ally, taking advantage of all incentives such as federal tax credits, accelerated depreciation and the Oregon Energy Trust, Sunworks is well-positioned to quickly establish itself as the premium local solar integrator.

"We look forward to providing our widely-recognized solar expertise to save homeowners and businesses millions of dollars in energy costs while creating valuable jobs at the local level," said Kirk Short, V.P. of Commercial Solar at Sunworks, Inc.

"Economics are the driving factor behind establishing a presence in Southern Oregon, creating significant opportunity for Sunworks," said Jim Nelson, CEO of Sunworks, Inc. "We believe customers deserve the best service, products, prices, and warranties that the industry has to offer, all of which Sunworks can provide to businesses and homeowners. The customer-centric Sunworks Advantage is a value ingrained into the way we conduct business, further establishing ourselves as a premier solar provider in the region. Opportunities to add value to the customer will be the driving factor for Sunworks as we continue to expand our footprint nationally."

About Sunworks, Inc.

Sunworks, (formerly known as 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. Sunworks is one of the fastest growing solar systems providers in the western United States, delivering 2.5 kilowatt to multi-megawatt commercial systems. 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. The Company's focus is on putting the customer first, providing the best value systems in the industry, and delivering on what is promised.

To learn more about Sunworks, visit our website at http://sunworksusa.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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