Sunworks Announces Largest Contract Award to Date
September 29 2017 - 8:00AM
Sunworks, Inc. (NASDAQ:SUNW), a leading provider of solar
power solutions for agriculture, commercial, industrial (ACI) and
residential markets today announced it has been awarded a new 8.5
megawatt (MW) solar power project in partnership with ForeFront
Power, a leading solar power developer that assists private and
public sector agencies by delivering the most impactful,
behind-the-meter, virtual and wholesale renewable energy
solutions.
The new project directly supports an initiative
from the end-customer to reduce costs and meet recent renewable
energy goals. Sunworks will design, engineer, procure and install a
combination of parking canopy and ground mount solar solutions at
multiple locations. The projects are expected to result in reduced
energy costs while establishing a definitive, long term pricing
structure for the customer.
Sunworks’ Chief Executive Officer, Chuck Cargile
said, “This project represents our largest program award to date
and is solid evidence of the traction we are gaining in the market
through partnerships. Together with ForeFront Power, Sunworks will
enable key renewable energy consumers to control their energy costs
more efficiently and establish a more accurate, monthly power
payment schedule.”
ForeFront Power selected Sunworks as the prime
engineering, procurement and construction (EPC) contractor based on
its proven record of superiority and unmatched experience in
commercial and industrial solar project installations.
About Sunworks
Founded in 1983, Sunworks, Inc. is a premier
provider of solar power solutions. We’re committed to quality
business practices that exceed industry standards and uphold our
ideals of ethics and safety.
Today, Sunworks continues to grow its presence,
expanding nationally with regional and local offices. We strive to
consistently deliver high quality, performance oriented solutions
for customers in a wide range of industries including agriculture,
commercial and industrial, federal, public works, utility and
residential. Our dedication to excellence is reflected in our
25-year warranty, a benchmark that we standby to support our
customers above and beyond their expectations.
Sunworks’ diverse, seasoned workforce includes
distinguished veterans who are devoted to providing the very best
customer experience. All of our employees uphold our company’s
guiding principles each day. Sunworks is a member of the Solar
Energy Industries Association (SEIA) and is a proud advocate for
the advancement of solar power.
About ForeFront Power
The ForeFront Power team has more than a decade
of renewable industry experience, serving business, public sector
and wholesale power customers around the world. The team has
developed over 800 MW of capacity across more than 1,000 projects,
targeted on assisting public sector agencies and C&I firms to
deliver the most impactful behind-the-meter, off-site and wholesale
solutions. ForeFront Power is a wholly-owned subsidiary of Mitsui
& Co., Ltd., a global energy infrastructure and investment
leader.
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.
Media
Contact:Rita EdwardsDirector of Marketing, Sunworks,
Inc.Tel. 916.409.6900redwards@sunworksusa.com |
Investor Relations Contact:Rob Fink Hayden IR Tel.
646.415.8972 rob@haydenir.com |
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Media
Contact:David GanskeDirector of Marketing, ForeFront
PowerTel. 415.766.9761dganske@forefrontpower.com |
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