Envision Solar announces record revenues in 2015 with positive gross margins in the fourth quarter

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For the year ended December 31, 2015, the Company's revenues were $2,642,207 compared to $1,033,438 for the same period in 2014. Revenues earned in the period were primarily earned from the production and delivery of the Company's EV ARC products. A significant portion of 2015 revenues were derived from sales to Google and the State of California. Management believes that the Company can maintain the growth trend in revenues, while reducing costs to produce and deliver the products.

"The team is executing and our strategic plan is bearing fruit," said Desmond Wheatley, CEO of Envision Solar. "It's pretty simple — sales lead to more sales and higher volumes lead to increased efficiency and reduced costs. We are targeting rapid growth verticals with unique products, which deliver real value both in the US and overseas. I am confident that we will continue to experience growth and I believe that it will accelerate as we break new barriers such as our recently announced overseas delivery."