Solar3D's SUNworks Division Sales Grow Over 300% in January
February 26 2014 - 3:01AM
Marketwired
Solar3D's SUNworks Division Sales Grow Over 300% in January
Growth Is Driven by Gains in Both Commercial and Residential
System Sales
SANTA BARBARA, CA--(Marketwired - Feb 26, 2014) - Solar3D, Inc.
(OTCQB: SLTD), a leading solar power company and the developer of a
proprietary high efficiency solar cell, today announced that
January 2014 new sales in its SUNworks division increased by more
than 300% over January 2013.
"We believe that this is indicative of the trend of our solar
systems business this year," said Jim Nelson, CEO of Solar3D. "Our
team at SUNworks has established a sterling reputation for quality
and service. Customers with add-on work and new customers alike
know that when they deal with SUNworks, they will be highly
satisfied with the value they receive. It is not surprising that as
the word spreads, sales increase."
SUNworks revenue in 2013 exceeded $8.5 million as a stand-alone
company. Solar3D completed the acquisition of the profitable
company on January 31, 2014, opening what Nelson calls an
"aggressive" entry into the solar systems market.
"We have said before that we expect SUNworks to grow
dramatically through organic growth alone," he continued. "Add to
that an active plan to seek additional acquisitions and we expect
to build one of the fastest growing and most profitable companies
in the solar systems market."
SUNworks, focused on the design, installation and management of
solar systems for commercial customers, is one of the fastest
growing solar systems providers in California. SUNworks has
delivered hundreds of 2.5 kilowatt to 1-megawatt commercial systems
and has the capability to deliver systems as big as 25
megawatts.
Nelson concluded, "This is the ultimate mission of Solar3D -- to
provide affordable solar power to the world. The values that we
espouse as a team at SUNworks as well as the further development of
the proprietary Solar3D Cell that will allow us to accomplish our
mission."
About Solar3D, Inc.
Solar3D is a leading provider of solar power solutions and the
developer of a proprietary high efficiency solar cell. The
company's SUNworks division focuses 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 California and has delivered hundreds of 2.5
kilowatt to 1-megawatt commercial systems and has the capability of
providing systems as large as 25 megawatts. Solar3D's technology
division is developing a patent-pending 3-dimensional solar cell
technology to maximize the conversion of sunlight into electricity.
The Solar3D Cell collects sunlight from a wide angle and lets light
bounce around in 3-dimensional microstructures on the solar cell
surface. 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.
To learn more about Solar3D, visit our website at
http://www.Solar3D.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.
Press Contact:
Jim Nelson Email Contact 805/690-9000
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