Solar3D Highlights Recent Study Performed on Accelerating Growth Within Solar Business

Press Releases |

SANTA BARBARA, CA--(June 24, 2015) - CEO of Solar3D, Inc. (SLTD) , a provider of solar power solutions and the developer of a proprietary high efficiency solar cell, today cited a recent study chronicled in an article by Bloomberg Business that details the six trends currently transforming the electricity markets over the next 25 years.

The study, performed by Bloomberg New Energy Finance (BNEF) cites the trillions of dollars already invested and provides a forecast for the renewable energy boom for the global power markets through 2040. One key takeaway highlights falling solar prices that could represent the cheapest form of power by 2026. According to BNEF, $3.7 trillion will be spent on solar investments between now and 2040, accounting for more than one third of new power capacity worldwide. The study also presents data that indicates that by 2040, rooftop solar will be cheaper than electricity from the grid in every major economy, due to the result of high electricity prices.

"This study presents extremely compelling data that supports our outlook of the high-growth solar market of which we conduct our primary business efforts," said Jim Nelson, CEO of Solar3D. "Data such as this provides the market with the insight needed to understand the rapidly growing solar landscape, one that is driven by government spending, economic, and environmental factors. We believe that the Company is well positioned to take advantage of these trends due to our comprehensive offering of solar solutions, and knowledgeable and experienced executive leadership."

About Solar3D, Inc.

Solar3D, 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. Through its wholly owned subsidiaries, Solar3D is one of the fastest growing solar systems providers in California delivering 2.5 kilowatt to multi-megawatt commercial systems. 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.

 

Contact Information

 

Contact:

Investor Relations
Andrew Haag
Managing Partner
IRTH Communications
sltd@irthcommunications.com
Tel: (877) 368-3566

Media
Eric Fischgrund
FischTank Marketing and PR
eric@fischtankpr.com

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Companies

Symbol Name Price Change % Volume
SLTD Solar3D Inc n/a n/a n/a n/a

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