SOURCE: Sunworks, Inc.

Sunworks, Inc.

June 09, 2016 08:00 ET

Sunworks' Patent for Its Solar3D Cell to Be Granted by Chinese Patent Office

ROSEVILLE, CA--(Marketwired - June 09, 2016) - Sunworks, Inc. (NASDAQ: SUNW), a leading provider of solar power solutions, announced that its Solar3D Technology Division has received confirmation that the Chinese Patent Office intends to grant a Patent for the Solar3D Cell, its 3-dimensional solar cell technology. Completion of the grant is expected to occur around August of 2016, provided that no delays occur in the patent office.

Sunworks CEO, Jim Nelson, said, "The mission of Sunworks has always been to further the widespread adoption of solar power by deploying affordable, state-of-the-art systems and developing breakthrough new solar technologies. The anticipated grant of this patent is a key milestone to bringing the Solar3D Cell to the global stage."

The patent, once granted, is anticipated to help Sunworks accelerate its work with manufacturers in pursuit of the commercialization of the Solar3D Cell.

The decision to grant the patent specifically applies to Sunworks' Three-Dimensional Power Systems and Methods of Making Same. Securing the patent in China is a key to protecting Sunworks' proprietary cell which collects sunlight from a wide angle and causes light to bounce within the cell's 3-dimensional microstructures until fully absorbed thus maximizing the conversion of sunlight into electricity.

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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