SunWorks Inc (SUNWQ)

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Positive Stocks News Review –Solar3D, (NASDAQ:SLTD)

http://www.wsnewspublishers.com/positive-stocks-news-review-arris-group-nasdaqarrs-medidata-solutions-nasdaqmdso-durect-corporation-nasdaqdrrx-solar3d-nasdaqsltd/155961/
Finally, Solar3D, Inc. (NASDAQ:SLTD), ended its last trade with 15.18% gain, and closed at $4.40.

Solar3D, commented on the strong momentum practiced thus far in 2015, resulting in a robust outlook for the balance of this year and beyond. To date, the Company has achieved major milestones, counting the completion of a $12.5 million equity capital raise, uplisting to the NASDAQ and the acquisition of MD Energy. The Company has also offered 2015 guidance for revenue ranging from $40 million to $45 million contrast to $20.2 million in 2014. Administration anticipates to generate positive EBITDA in 2015 and has earmarked a portion for continued strengthening of balance sheet in addition to overall financial metrics.

The NASDAQ listing and the $12.5 million in equity raised in March 2015 will enable Solar3D to move forward quickly on synergistic, accretive M&A opportunities. The $12.5 million in additional funding bolsters the Company’s cash position significantly, enabling administration to enhance the pool of potential acquisition candidates as it further pursues its growth strategy. With each new M&A transaction, the Company anticipates to grow and diversify revenue, improving its financial and balance sheet metrics.

Solar3D also strengthened its executive leadership and Board positions with the appointment of Tracy Welch as Chief Financial Officer, and Brigham Tomco as the newest member of its Board of Directors. Mr. Welch has held CFO and Treasurer roles in several large companies, counting multi-billion dollar energy companies KN Energy and Smith International. His experience in identifying, financing and integrating over 35 M&A transactions ranging from $10 million to $500 million makes him the ideal CFO for Solar3D. Mr. Tomco formerly served as the Chairman and Founder of Zylun Global, a private equity backed investment holding company. His experience also comprises positions with Ocean Road Advisors and Meyer Ventures, an $800+ million portfolio. These additions to the executive team and board bolster Company administration and corporate governance.

Solar3D, Inc. provides photo voltaic based power systems for the residential, commercial, and agricultural markets in the United States. It also designs, finances, integrates, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger commercial projects.