|By Marketwired .||
|April 15, 2014 03:01 AM EDT||
ROSEVILLE, CA -- (Marketwired) -- 04/15/14 -- 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.
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