SOURCE: Sunworks, Inc.

Sunworks, Inc.

May 26, 2016 08:00 ET

Sunworks, Inc. Rebrands Its Solar Racking System "Rapid Rack"

ROSEVILLE, CA--(Marketwired - May 26, 2016) - Sunworks, Inc. (NASDAQ: SUNW), a leading provider of solar power solutions, is also a manufacturer of its own solar racking system. The proprietary mounting system (originally purchased from a company in Germany) was recently rebranded as "Rapid Rack", now an American-made product with a name that embodies its main feature: Speed.

Solar racking is one of the most important cost items in a solar system. Reducing its cost without surrendering quality is critical for continuing efficiency improvements. Solar installers and EPC's are focused on "installed cost." Management of Sunworks believes that Rapid Rack can reduce the cost of installation by as much as 10%.

"For the past eight years before joining this team, I sold the top solar racking brands in the market and never have I seen a solar racking solution that can be installed as fast as Rapid Rack," commented Robert Lopez, V.P. of Sales and Marketing for Rapid Rack. "In a market filled with competition you must either be better or be different. Rapid Rack is both!"

Speed is not the only thing that sets Rapid Rack apart. This solar mounting system is constructed using high-quality, corrosion-resistant materials, and built-in wire management. These qualities enable Rapid Rack to be the most aesthetically pleasing solar mounts, as well as the fastest and most durable, according to Lopez.

Rapid Rack has been used on hundreds of MW's of installations all over the world, and is currently a racking system of choice in the rapidly growing solar market in Mexico. This success abroad has led to the company's need for an international website that is slated to be released in early June.

Rapid Rack (formerly known as Universal Racking Solutions) has just launched its new and improved website www.rapidrack.com. The site will allow solar contractors to download technical and instructional documents, and also gives potential clients access to new media and FAQ's.

"The product advancement of Rapid Rack is one more way that we are able to use innovation to drive down the cost of solar installations and expand our influence to make solar energy affordable," concludes Jim Nelson, CEO of Sunworks, Inc. "While the costs of solar systems have steadily decreased over the years, we have visibility into continued efficiency gains through product and process improvement."

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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