Solar3D's SUNworks Residential Solar System Sales Approach $1 Million per Month
April 22 2014 - 3:01AM
Marketwired
Solar3D's SUNworks Residential Solar System Sales Approach $1
Million per Month
Savings by Homeowners of 80% of Their Electric Bills Helps Drive
Sales by SUNworks' Newly Lauched Residential Division and May
Account for as Much as 50% of the Company's Revenues in 2014
ROSEVILLE, CA--(Marketwired - Apr 22, 2014) - Solar3D, Inc.
(OTCQB: SLTD), a leading solar power company and the developer of a
proprietary high efficiency solar cell, today announced that solar
sytems sales by SUNworks' newly launched residential division
through the first four months of 2014 are approaching $1 million
per month and that homeowners report an average a savings of 80%
off their electric bills. Residential solar systems may account for
as much as 50% of the company's revenues in 2014.
"Growth of residential solar systems sales in 2014 has been
exceptional as more environmentally and economically conscious
homeowners turn to SUNworks for their solar installations," said
Brent Baker, SUNworks V.P. of Sales. "In comparison to many other
solar systems suppliers, we are not a one-size-fits-all type of
solar company. That approach allows us to better understand each
homeowner's unique challenge and offer a solution that fits that
family's budget and goal. We believe that is best way to deliver
true value to our customers."
By offering a SUNworks custom solar systems through purchase and
financing, SUNworks facilitates ownership of systems by the
homeowner, which results in greater monthly savings. In addition,
the homeowner also receives solar benefits, including the 30%
federal tax credit. Actual system ownership delivers a considerably
better return on investment than leasing.
"We have built our company on the principle of providing our
customers with the maximum potential for savings, while striving to
achieve 100% satisfaction," said Abe Emard CEO of SUNworks.
One Yuba City homeowner said, "It seems like businesses today
forget that people are what business is all about. That's not true
for SUNworks...they are a great example of what a business can be.
SUNworks promptly prepared a solar quote for our project and every
step was completed with professionalism."
Solar3D continues to pursue the strategy of seeking additional
acquisitions to join its SUNworks division, as well as the
development of the Solar3D cell. "Our future looks brighter than
ever," said Jim Nelson, CEO of Solar3D. "Our ultimate mission is to
provide affordable and efficient solar power to the world. We would
like to set the standard for the industry in meeting this
goal."
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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