|By Marketwired .||
|June 4, 2014 03:07 AM EDT||
ROSEVILLE, CA -- (Marketwired) -- 06/04/14 -- Solar3D, Inc. (OTCQB: SLTD), a leading solar power company and the developer of a proprietary high efficiency solar cell, announced that its SUNworks Division has formally entered into the "New Homes" market by partnering with Atkinson Homes. SUNworks also announced that it will offer home buyers within the Heartland Homes Community an option to either purchase or lease residential solar systems. This offering is unique within the solar industry, as most solar integrators usually offer only leased systems to new home buyers.
"We believe that this unique offering by SUNworks provides a better solution for our development and our buyers," said Virgil Atkinson, President of Atkinson Construction & Development. "We seek to offer our new home buyers a great offering, with our quality constructions and the option to purchase or lease a SUNworks custom solar system."
Atkinson Construction and Development has built subdivisions in the Yuba-Sutter area since the 80s. The company's focus is on quality, as each home is built 15% above the standard Title 24 requirements.
"SUNworks was selected for the job because of its commitment to quality," stated Abe Emard, CEO of SUNworks. "The partnership between Atkinson Homes and SUNworks to complete 200 homes complements our residential retrofit division nicely. We expect our New Home Solar Division to grow exponentially over the next few years and potentially become one of the largest residential divisions within the sector."
SUNworks is focused on the design, installation and management of solar systems for agricultural, commercial, and 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. The first full quarter of consolidated financial results for Solar3D and SUNworks will be reported after June 30 of this year.
Solar3D's mission is to provide superior products and service at an affordable price. Jim Nelson, CEO of Solar3D, concluded, "This is an exciting time as we see the solar market reacting favorably to the quality work provided by the SUNworks team. New partnerships and substantial contracts are driving growth. Also, we continue to make good progress on the third generation prototype of our 3-dimensional solar cell.
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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