SOURCE: Sunworks, Inc.

Sunworks, Inc.

September 15, 2016 08:00 ET

Sunworks Selects SolarEdge as Preferred Inverter Supplier

ROSEVILLE, CA--(Marketwired - September 15, 2016) - Sunworks, Inc. (NASDAQ: SUNW), a leading provider of solar power solutions, announced this week that it has finalized a strategic supply relationship with SolarEdge Technologies, Inc, a global leader in PV inverters, power optimizers, and module-level monitoring services.

By offering SolarEdge along with premium solar modules, the Sunworks residential division expects to see a substantial increase in sales and revenue beginning in the fourth quarter of this year. The versatility of SolarEdge technology allows for Sunworks to offer the existing residential and new home markets unrestricted solar systems that are easily expandable when needed. These fully monitored systems also have optimization capabilities to mitigate energy loss from module mismatch, and are battery storage ready. This effectively creates a greater value for the consumer at a more cost effective price, while still covered by Sunworks industry leading 25 year worry free warranty.

"As the leading inverter company for the U.S. residential market, we are pleased that Sunworks has selected the SolarEdge solution to optimize its residential solar business model and gain a competitive advantage," said SolarEdge General Manager, North America, Peter Matthews. "SolarEdge is proud to align itself with a respected organization like Sunworks and together offer more home owners high-quality solar energy systems that provide increased energy production and lower electricity costs."

The strategic supply relationship effectively raises the bar in the solar industry by including the SolarEdge revolutionary inverter and power optimizer as the preferred solar components into Sunworks' unparalleled, high-quality line of residential solar products and services.

"It is outstanding to see a premier solar inverter company and the industries preferred solar integrator come together to provide the consumer the best solar solution at the best value," said Sunworks CEO, Jim Nelson. "At Sunworks we are always committed to seeking the best solution for our customers and know SolarEdge shares in that same mission."

About Sunworks, Inc.

Sunworks, 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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