SANTA BARBARA, CA--(Marketwired - Feb 26, 2014) - Solar3D, Inc. (OTCQB: SLTD), a leading solar power company and the developer of a proprietary high efficiency solar cell, today announced that January 2014 new sales in its SUNworks division increased by more than 300% over January 2013.
"We believe that this is indicative of the trend of our solar systems business this year," said Jim Nelson, CEO of Solar3D. "Our team at SUNworks has established a sterling reputation for quality and service. Customers with add-on work and new customers alike know that when they deal with SUNworks, they will be highly satisfied with the value they receive. It is not surprising that as the word spreads, sales increase."
SUNworks revenue in 2013 exceeded $8.5 million as a stand-alone company. Solar3D completed the acquisition of the profitable company on January 31, 2014, opening what Nelson calls an "aggressive" entry into the solar systems market.
"We have said before that we expect SUNworks to grow dramatically through organic growth alone," he continued. "Add to that an active plan to seek additional acquisitions and we expect to build one of the fastest growing and most profitable companies in the solar systems market."
SUNworks, focused on the design, installation and management of solar systems for commercial customers, is one of the fastest growing solar systems providers in California. 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.
Nelson concluded, "This is the ultimate mission of Solar3D -- to provide affordable solar power to the world. The values that we espouse as a team at SUNworks as well as the further development of the proprietary Solar3D Cell that will allow us to accomplish our mission."
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.
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