SOURCE: Sunworks, Inc.

Sunworks, Inc.

July 21, 2016 08:00 ET

Sunworks' Rapid Rack Division Chosen as Preferred Racking System for Boviet Solar USA

Sunworks to Provide Rapid Rack to Boviet USA for Projects in North Carolina Totaling 9.5 Megawatts

ROSEVILLE, CA--(Marketwired - July 21, 2016) - Sunworks, Inc. (NASDAQ: SUNW), a leading provider of solar power solutions, announced today that its proprietary solar racking division, Rapid Rack, has been chosen as the preferred racking solution for Boviet Solar USA. Boviet Solar USA is a global leader in advanced materials and ranks among the elite solar manufacturers using advanced PERC technology.

"The Rapid Rack mounting system is a perfect solution to complement our high efficiency solar modules," said Eric Ma, President & Managing Director of Boviet Solar USA. "When it comes to increasing the production of your solar system, it is important that you not only have the best panels, but you also have the best racking for those modules. Together, Rapid Rack and Boviet Solar USA achieve optimum results, speed and performance."

Rapid Rack significantly reduces costs, increases life span of the installed panels in comparison to traditional mounting methods, and increases the customer's return on investment. As its name suggests, Rapid Rack's unique design allows for speedy installation and produces an aesthetically superior array. In addition, the time that Rapid Rack saves in the installation process translates to a lower installation cost to the customer.

"Rapid Rack and Boviet Solar USA have already collaborated on over 1.5 Megawatts in purchase orders, and we anticipate that this number will, at the very least, triple in the third quarter of 2016," Lopez continued.

Extending the relationship between Sunworks and Boviet USA, Sunworks will provide Rapid Rack on two upcoming Boviet projects located in North Carolina. These projects will total approximately 9.5 Megawatts.

"At Sunworks, we are always committed to providing the best solution for our customers. It is outstanding to see three premium solar companies working together in order to provide the consumer the best solar solution on the planet," said Jim Nelson, CEO of Sunworks.

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/.

About Rapid Rack.
Rapid Rack a leading provider of solar mounting systems uses a versatile ground mount system that is scalable for large, medium, and small applications. The company's focus is on its simple construction, minimal parts, innovative insertion rail technology, and on-site flexibility deliver rapid, cost-effective installations. The Rapid Rack mounting solution is suitable for various terrains and site conditions due to its flexible pile positioning and design adaptability. The company's primary goal is to provide a superior product while increasing the customers return on investment through reduces installation time.

To learn more about Rapid Rack, visit our website at http://rapidrack.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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