SOURCE: Sunworks, Inc.

Sunworks, Inc.

May 19, 2016 08:00 ET

Sunworks, Inc. Residential Operations and Installation Division Reduces Install Time by 50% With Software and Procedural Advancements

ROSEVILLE, CA--(Marketwired - May 19, 2016) - Sunworks, Inc. (NASDAQ: SUNW), a leading provider of solar power solutions, announced that its Residential Operations & Installation Division has effectively reduced installation time by 50% from Q1 to Q2 through a series of software and procedural advancements.

As a vertically integrated company, Sunworks provides its customers with a 100% process facilitation experience from sale through installation. Its mission as a company is to not only provide customers with the best value and experience possible, but also to continue improving efficiency in operations so that the customer is able to receive a faster return on investment. The reduction in installation time is beneficial for Sunworks and shareholders as well, because the Company is now able to collect residential revenue in half the amount of time.

In Q1 Sunworks' installation time from beginning of sale to end of system completion was 87 days. Looking ahead, in Q2 the company's Residential installation time is now 38 days. This dramatic improvement in operational efficiency is due to the implementation of the Company's proprietary software system. Sunworks' software platform is now fully integrated with the Operations & Installation Division.

"This intelligent tool allows Sunworks to monitor and track the solar installation process more effectively from start to finish," said Abe Emard, Sunworks' Chief Operating Officer. "We are now able to communicate with customers more proficiently, monitor materials being used, and make sure all equipment arrives on the job when it's supposed to. This tool also helps the sales process run as seamlessly as possible, with a more accurate system proposal for customers and fewer design rejections from the building department."

"Our residential operations team is always looking for ways to improve customer experience and make our organization more efficient," said Emil Beitpolous, President of Residential Solar at Sunworks, Inc. "The new Sunworks proprietary software improvement is doing just that. With our Operations time cut in half, we are seeing our install crews completing multiple jobs in one day. This increase in speed has positioned us to be on track for exceeding our targets in residential revenue this year."

Sunworks reiterates its 2016 revenue guidance of $100 million and profitable operations.

Emard concluded, "The progress that we are making in residential operations is consistent with our key principles of putting our customer first and providing the customer with the best possible value."

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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