Sunworks to Complete Solar Roof Mount and Carport Installation for Meridian Terrace Mobile Home Park

1.0 mW Solar Project to Reduce Energy Costs for Growing Mobile Home Park Community

ROSEVILLE, Calif., May 22, 2018 (GLOBE NEWSWIRE) — Sunworks, Inc. (NASDAQ:SUNW), a premier provider of high performance solar power solutions for agriculture, commercial, industrial (ACI), public works and residential markets, today announced a new agreement to install a 1.0 megawatt (mW) solar system for Meridian Terrace Mobile Home Park, a San Bernardino, California-based mobile home community of 268 homes. The Sunworks solar installation is scheduled for completion in the second half of 2018 and is expected to produce a majority of the property’s electricity needs within its first year of operation.

Sunworks’ Chief Executive Officer Chuck Cargile said, “The cost-effective solar power generated by our systems will help control electricity costs and provide clean energy to more than 200 mobile homes. In addition, ‘Park N’ Shade’ structures will enhance the common areas within the community providing its residents with a number of tangible conveniences and benefits.”

Sunworks was awarded this project in partnership with Alacrity Energy and Westland Real Estate Group. Alacrity Energy LLC represents Westland RE Group to acquire solar systems for their vast real estate holdings of 11,000 commercial and residential units.

“We are thrilled to have the opportunity to manage the Meridian Terrace solar installation,” said Yitzy Geisinsky, President of Alacrity Energy, who is overseeing the project on behalf of Westland. “We were delighted to choose Sunworks based on their thorough attention to detail and impressive accomplishments,” he added.

About Sunworks

Sunworks, Inc. (NASDAQ:SUNW) is a premier provider of high performance solar power systems. We are committed to quality business practices that exceed industry standards and uphold our ideals of ethics and safety.

Sunworks continues to grow its presence, expanding nationally with regional and local offices. We strive to consistently deliver high quality, performance oriented solutions for customers in a wide range of industries including agricultural, commercial and industrial, federal, public works, and residential.

Our dedication to excellence is reflected in our 25-year warranty, a benchmark that we stand by to support our customers above and beyond their expectations.

Sunworks’ diverse, seasoned workforce includes distinguished veterans who bring a sense of pride, discipline, and professionalism to their interaction with customers.

All of our employees uphold our company’s guiding principles each day. Sunworks is a member of the Solar Energy Industries Association (SEIA) and is a proud advocate for the advancement of solar power.

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. 

Media Contact
Rita Edwards
Director of Marketing, Sunworks, Inc.
Tel. 916.409.6900

Investor Relations Contact:
Rob Fink
Hayden IR