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CST: 22/09/2019 11:34:38   

Sunworks Awarded Key Follow-On Order with Customer in Northeast Region

87 Days ago

New Jersey based Cibao Meat Products commissions Sunworks to install an additional 200kW of solar to advance efforts to reduce greenhouse gas emissions

ROSEVILLE, Calif., June 27, 2019 (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 it has been awarded an engineering, procurement and construction contract to develop a 200kW car port solar system for Cibao Meat Products, a specialty food manufacturer based in Rockaway, New Jersey.

Sunworks’ Chief Executive Officer, Chuck Cargile said: “Ciabo Meat Products, is a third generation, family run business that has been operating since 1969. They have a tradition of quality and are regarded as one of the premier manufacturers of Hispanic inspired meat products. With the implementation of solar they are expanding that tradition of quality beyond their products and service as an environmentally conscious company, working to reduce their grid energy consumption and greenhouse gas emissions.

“This award is a follow-on to a project that we previously won last year, and an important step in our regional expansion effort,” Cargile added. “Our pipeline of opportunities outside of California continues to expand, which I believe is an important growth driver for Sunworks in 2019 and beyond.” 

This new project win is expected to generate nearly $1 million in revenue for Sunworks with engineering and construction commencing during the fourth quarter of 2019.

Hienz Vieluf Jr., Manager of Cibao Meat Products, commented: "My Grandfather built the company in the Dominican Republic and then brought it to America. My father took the company from a small neighborhood shop to a national presence. Reducing our carbon footprint through the use of clean renewable solar energy will be the legacy I leave on the expansion of Cibao Meat Products.”

About Sunworks, Inc.

Sunworks, Inc. (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, 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. 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," “will,” "may," “plan”, "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. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, these they 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, regulatory, environmental and other factors affecting the Company and its operations, markets, products, and prospects for sales, lower revenues, failure to earn profit, higher costs than expected, persistent operating losses, ownership dilution, inability to repay debt, failure of acquired businesses to perform as expected, the inability to complete projects within anticipated timeframes and costs, the impact of tariffs imposed by governmental bodies,  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. We also refer you to the risks described in “Risk Factors” in Part I, Item 1A of Sunworks, Inc.’s Annual Report on Form 10-K and in the other reports and documents we file with the Securities and Exchange Commission from time to time. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations Contact:

Rob Fink
Hayden IR
646-415-8972   
rob@haydenir.com

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