Solar3D's SUNworks Division Off to a Strong Start in 2014
April 15 2014 - 3:01AM
Marketwired
Solar3D's SUNworks Division Off to a Strong Start in 2014
The Company Recently Commissioned Large Solar Systems Projects
for Two Prominent Northern California Dairy Farms
ROSEVILLE, CA--(Marketwired - Apr 15, 2014) - Solar3D, Inc.
(OTCQB: SLTD), a leading solar power company and the developer of a
proprietary high efficiency solar cell, today announced that its
SUNworks division recently commissioned large solar systems
projects totaling approximately 1-megawatt for Quaresma Dairy and
M&B Alfalfa Farms, two prominent Northern California dairy
farms.
"This is just the beginning of some very large projects that our
agricultural and commercial divisions are working on," reported Abe
Emard, CEO of SUNworks. "As savvy farmers continue to seek ways to
be more competitive, they are increasingly looking to solar as a
viable way to decrease cost of operations, while insulating against
rising electricity costs. We believe that SUNworks is one of the
very best in the business at helping agricultural and commercial
operations do just that."
The completion of these two solar systems was a significant
achievement for both SUNworks and the farming community. The
combined savings is expected to be more than $3.4M over the next 25
years -- allowing both Quaresma Dairy and M&B Farms to keep the
cost of product down for the consumer.
The company reports that customers are pleased with the outcome.
"If you are considering solar, then we highly recommend that you
invest your hard earned money with the professional team at
SUNworks," said Raymond Quaresma, owner of Quaresma Dairy.
Emard continued, "Installing solar systems at high profile farms
like these allows us to demonstrate the benefits of solar first
hand and enables us to work closely with other farmers and ranchers
that are actively looking to lower operating expenses. In addition
to the two dairy projects recently commissioned, we are in the
process of completing a number of other agricultural projects,
including Dutra Dairy, Borges Dairy, Conant Orchards, Gilbert
Ranch, and Roy Moreso, Inc."
"When we acquired SUNworks, we expected the company to grow
dramatically through organic growth alone," said Jim Nelson, CEO of
Solar3D. "We had no idea how significant the growth would be. With
the level of new agricultural and commercial project sales activity
that SUNworks is currently experiencing, we believe that the
company's rate of growth this year will exceed that of any previous
year."
SUNworks is focused on the design, installation and management
of solar systems for agricultural, commercial, & residential
customers. 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. Two months of SUNworks first
quarter results will be reported with Solar3D's 10Q, due to be
filed in May. Reporting of Solar3D and SUNworks results will be
fully consolidated by the second quarter of this year.
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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