Sunworks to Commence Construction of $5 Million Public Works Project

2.5 Megawatt (MW) project to reduce energy costs and establish a definitive, long term pricing structure for a state-sponsored institution in Northern California

Roseville, California, UNITED STATES

ROSEVILLE, Calif., Nov. 26, 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 received approval to commence construction of a public works project for a state-sponsored institution in Northern California. This project was secured through an established Sunworks development partner. As part of this multi-megawatt project Sunworks will construct multiple carports and parking canopy systems that will directly reduce energy costs and advance sustainability goals for our customer.

Sunworks’ Chief Executive Officer, Chuck Cargile said, “The public works market in California continues to grow as renewable energy initiatives and state mandates to reduce greenhouse gas emissions advance. The scale and scope of public works projects represent a significant opportunity for Sunworks and further demonstrates the progress we have made in establishing and cultivating relationships with influential partners. Increasingly, government-owned and sponsored facilities are seeking solutions to reduce carbon footprints and lower operating costs, creating a growing opportunity for Sunworks. We are particularly pleased with this project due it’s size, the revenue it will contribute in the first half of 2020, and the fact that it is a follow-on project with one of our key development partners.”

Sunworks has extensive experience as an engineering, procurement and construction contractor partnering with solar power developers that specialize on public sector agencies to construct solar projects in California. 

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.

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Investor Relations Contact:

Rob Fink