Solar3D Comments on Growing Solar Job Market Sector in California and Nevada
Amid a national increase of 22%, two of the fastest growing regions for solar employment represent Solar3D’s core market focus
Santa Barbara, CA – February 24, 2015 – Solar3D, Inc. (OTC: SLTD), a leading provider of solar solutions and the developer of a proprietary high efficiency solar cell, commented today on a recently released BW Research Partnership indicating explosive solar job growth in both California and Nevada, Solar3D’s two primary regions for generating revenue.
The annual survey entitled, “National Solar Jobs Census 2014,” conducted by The Solar Foundation and BW Research Partnership, showed national growth of 22%. The report indicated that California remains the top overall leader in solar jobs in the US, and has become the first state to exceed 50,000 solar jobs with a total of 54,680, representing over a third of the nation. More specifically, many of those jobs are located in the Northern California region, home to Solar3D’s operating division, SUNworks. According to the San Francisco Chronicle, “the foundation's survey counted 21,653 solar jobs around the bay.”
The Nevada market, one that Solar3D and its subsidiaries recently expanded into due to revenue potential, was labeled the fastest growing solar job market in the country per capita. According to the study, Nevada added 3,500 solar jobs in 2014, representing an increase of 146%. This growth, attributed to outside investment and technological innovation in the state, resulted in a total of 5,900 total jobs, making Nevada seventh on the list overall.
“Employment increases within a specific industry at the state level is often a strong indicator of that industry’s market potential, especially within the clean technology sector,” said Jim Nelson, CEO of Solar 3D. “We are quite pleased that two of the states experiencing some of the most significant overall and per capita job growth represent our primary customers. We believe that these states harbor the best and brightest minds in terms of solar know-how, and look forward to adding to these employment numbers as we continue to pursue our growth-by-acquisition model.”
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 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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