Solar3D's Operating Division Secures $4 Million During Spree of Deals

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SUNworks' Agricultural and Commercial Projects Continue to Grow in Terms of Scope and Size

SANTA BARBARA, CA--(October 22, 2015) - Solar3D, Inc. (SLTD) , a provider of solar power solutions, announced today that its operating subsidiary SUNworks, has secured three large deals resulting in $4 million in sales, demonstrating the Company's expanding footprint and providing a strong indication of what the Company believes will continue to be strong month-over-month growth.

Commerce Printing, a full service printing company based in Sacramento, contracted SUNworks for the design and installation of an approximately 644kW Sunpower Roof Mount solar system. The $1.54 million agreement is expected to generate over $4 million in energy cost savings over a 25-year period.

DeRuosi Nut is a walnut processing facility located in California's central valley in Escalon. SUNworks will implement a 450kW roof mount Canadian Solar system designed to achieve energy cost savings of more than $2.6 million over a 25-year period.

The third announced project is yet another to fall within the Company's exploding agricultural practice area. The partnership with Joe Heidrick Enterprises marks the fourth and fifth systems implemented by SUNworks for Heidrick, a well-known entrepreneur in the Sacramento region. The Company will provide the organization with two solar systems, a 151.2kW roof mount and a 428.4 roof mount and canopy. Both projects will total a contract size of approximately $1.6 million, and generate well over $5 million in energy savings over a 25-year period.

"We are pleased that the progress in terms of project and sales volume achieved over the summer has continued into the fall, exemplified by these three deals," said Jim Nelson, CEO of Solar3D. "It is important to note that these three agreements, diverse in both organization type and of the systems to be installed, showcase SUNworks' depth of experience and customized approach to solar solutions. This is a key factor for why we expect to maintain our growth within the agricultural, commercial, and residential sectors, ultimately driving Company revenue and shareholder value," said Mr. Nelson.

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.

About SUNworks

SUNworks is a commercial and residential wholly owned subsidiary of Solar3D, Inc. (SLTD) , a leading solar power company and the developer of a proprietary, high efficiency solar cell. SUNworks is focused on the design, installation and management of solar systems for agricultural, commercial, and residential customers. The Company has delivered hundreds of 2.5 kilowatt to 1-megawatt commercial systems and has the capability to deliver systems as large as 25 megawatts. SUNworks serves commercial, agricultural and residential customers throughout California and Nevada.

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

 

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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