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Sunworks Names Valarie Serrato Vice President of Residential Business

Strong Operational Leader with a Foundation in Construction and Project Management to Lead Sunworks’ Residential Operations

ROSEVILLE, Calif., Dec. 20, 2018 (GLOBE NEWSWIRE) -- Sunworks, Inc. (SUNW), a provider of solar power solutions for agriculture, commercial and industrial (ACI), public works and residential markets, today announced that Ms. Valarie Serrato has been named as Vice President, Residential Business effective immediately. Ms. Serrato, a former COO at Petersen Dean Roofing / Solar4America, is a strong leader with more than 20 years of experience in construction and project management and a proven track record of successfully managing, developing and growing business in high-performing organizations.     

Chuck Cargile, Sunworks Chief Executive Officer, said, “Valarie brings extensive leadership experience from a variety of disciplines that will be instrumental in driving growth and improved performance in our residential operations. Her proven ability to meet the needs of customers by building and nurturing relationships and her approach to creating efficient, results-driven operations are an ideal fit for our organization and align directly with our efforts to drive growth.”

In her position at Sunworks, Ms. Serrato will be an integral part of the executive leadership team and will lead all aspects of the company’s residential business, including sales and new business development strategy, day-to-day operations, customer project management and on-going support.

Valarie Serrato commented, “It is an opportune time to be in this industry and to join the talented team at Sunworks at this point in its transformation. I am eager to build upon the work that has already been done and apply my experience to the residential sector of the business, which has much to offer the solar marketplace and is poised to be a material contributor to the success of the company.”

Most recently, Ms. Serrato served as the Owner and Executive Partner of Red Monkey Consulting, a change management consulting firm that advises on strategy execution, project leadership, change management and business practice management to help its clients best align its resources for the greatest impact. Prior to that, she served as chief operating officer of Petersen Dean Roofing and Solar4America where she developed and managed corporate strategies, business development and multiple company entities to expand the company into new markets and diversify its revenue streams driving exponential growth over a three-year period. Prior to Petersen Dean, Ms. Serrato served as a Project Manager at Clark Builders Group where she worked in partnership with branches of the U.S. military and Clark Realty Capital to develop and construct military, single-family housing communities. The project included demolishing existing homes and building 2,800 new construction, renovated and remodeled homes, recreation centers, ball fields and playgrounds. Prior to that, Serrato worked for D.R. Horton / Western Pacific Housing where she served as a project analyst, purchasing assistant and construction coordinator for the daily management of community construction projects.

About Sunworks, Inc.

Sunworks, Inc. (NASDAQ: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, federal, 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. All our employees uphold our company’s guiding principles each day. Sunworks is a member of the Solar Energy Industries Association (SEIA) and is a proud advocate for the advancement of solar power. For more information, visit www.sunworksusa.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," “will,” "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. 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