Solar3D’s SUNworks Operating Division Wins $3M Solar PV Contract for Sun City Lincoln Hills Community Association

By May 20, 2015PRESS

Solar3D’s SUNworks Operating Division Wins $3M Solar PV Contract for Sun City Lincoln Hills Community Association

Adult retirement community enlists SUNworks to design and install solar system capable of saving the facility approximately $9.5 million over 25 years

SANTA BARBARA, CA – (May 21, 2015) – Solar3D, Inc. (NASDAQ:SLTD), a leading provider of solar power solutions and the developer of a proprietary high efficiency solar cell, announced today that its SUNworks subsidiary was awarded a $3 million, 1-megawatt solar project with the Sun City Lincoln Hills Community Association.

Sun City Lincoln Hills is an active adult retirement community of nearly 3,000 acres, consisting of 6,703 single-family homes throughout 80 condominiums. The property includes sports complexes, restaurants and bars, pools, wellness day spa, picnic areas, walking/hiking trails, and more.

SUNworks has been tasked with originating financing, designing, and installing 2,898 Sunpower solar panels, along with an electric car charger at the location. The system is estimated to save Sun City Lincoln Hills approximately $9.5M over the next twenty-five years, while reducing Sun City’s greenhouse gas emissions by 6,945 tons of CO2 (carbon dioxide) over the same time period. This total is equivalent to the same CO2 output generated by 12,626,874 miles driven by a mid-size car, or the countering of effects from the CO2 emitted from trash and waste by 12,627 persons, or an offset as a result of 277,791 trees planted.

“When you consider carbon emissions reduced in those dramatic terms, you begin to comprehend the significant effect of a green project, such as the solar installation of our solar carports by SUNworks,” said O’Keefe, Executive Director of Sun City Lincoln Hills. “We couldn’t be more pleased with this partnership. Our residents not only desire all of the best amenities in an active adult community, they also seek to belong to a place that is environmentally conscious.”

The solar project will commence with a launch event including all of the residents at Sun City Lincoln Hills, where SUNworks will showcase its rendering of the solar carport project. The project is estimated to complete by December, 2015.

“In our thirty years of business, I have never been more thrilled about a project of this magnitude as I am with Sun City Lincoln Hills,” said Abe Emard, CEO of SUNworks. “It is truly exciting to see that sustainability is now an important element to the communities with such prestige, such as Sun City Lincoln Hills. Working side-by-side with the Sun City Lincoln Hills Association has been a wonderful experience, as their extremely organized group has made this entire project smooth, something that isn’t always easy with a project of this size and scope. We believe more Home Owner Associations are going to follow suit as they see the cost and environmental benefits associated with solar, showcased by the Sun City Lincoln Hills Solar Project.”

“The entire Solar3D organization applauds the team at SUNworks, as well as the leadership at Sun City Lincoln Hills, for their hard work and dedication to community sustainability,” said Jim Nelson, CEO of Solar3D. “This project and others are exactly what we envisioned when embarking on our growth-by-acquisition model. We are confident that the results generated by this system implementation will resonate throughout both the development and solar industries, by providing cost savings while increasing energy efficiencies.”

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 division of Solar3D, Inc. (OTCQB: 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. 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. SUNworks serve commercial, agricultural and residential customers throughout California and Nevada.

To learn more about SUNworks, visit http://www.sunworks2016.wpengine.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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