Solar3D, Inc., a leading provider of solar power solutions, today announced it has changed its name to Sunworks, Inc. The company will be traded under the NASDAQ ticker symbol "SUNW" beginning at the start of trading on March 1, 2016. The name change unifies the company's operations under a set of common corporate values, goals and commitments.
"The new name, Sunworks, and corporate rebranding provide us with a common corporate identity and go-to-market presence that better reflects who we are as a company and creates a platform for continued growth and market expansion, supporting our outlook for 100% revenue growth in 2016," said Sunworks CEO James Nelson. "Over the past two years, our business model has fueled profitable, organic growth that, when combined with our accretive acquisitions, puts Sunworks in a position to create long-term value for our customers and shareholders."
The company initiated its blended, long-term growth strategy in 2014 with the acquisition of Solar United Networks (SUNworks), then MD Energy and Elite Solar.
Nelson continued, "By shifting our primary focus from technology development to solar integration, we expect to continue to grow profitably by providing residential and commercial customers with tailored solutions that make owning solar easier, more reliable and cost effective. This is in stark contrast to a marketplace dominated by companies that have been consistently losing value with business models built on financially-engineered leases and power purchase agreements that are not in the best interest of the customer."
By combining organic growth with prudent, strategic acquisitions, and continually focusing on transparency, best-in-class customer service and offering reliable solutions, the company has experienced profitable, exponential growth. Today, Sunworks is one of the fastest-growing solar providers in the western United States.
As part of its rebranding, Sunworks will introduce a new corporate website which can be accessed by visiting www.Sunworksusa.com.
