MILWAUKEE, WI — (Marketwire) — 02/16/12 — ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, today announced the first production shipment of their next generation proprietary flow battery, the ZBB EnerStore, and their proprietary ZBB EnerSection power and energy control center, utilizing the 25 KW inverter that recently received ETL certification to UL 1741 standard.
“The first production shipment of our next generation proprietary flow battery, the ZBB EnerStore, and our proprietary ZBB EnerSection power and energy control center, represents a significant milestone for ZBB Energy, and for our customers looking forward to benefiting from the capabilities of these technologies. Prior versions of our flow batteries, serving in various applications and operating environments, provided the basis of understanding from which we launched our -Version 3 Initiative-, a clean slate program to leverage the attributes of our flow battery technology, with design objectives aimed at reducing costs, increasing performance and enabling high volume manufacturing. Together with our partners, we have achieved the objectives of this initiative, and are excited to see the first units leave our Menomonee Falls, WI facility,” said Eric Apfelbach, President and CEO of ZBB Energy.
The initial units from production are shipping to Meineng Energy, ZBB-s joint venture partner located in Wuhu, China, to satisfy two strategic installations. Subsequent production from the Menomonee Falls facility will be dedicated to fulfilling the current product backlog that equates to approximately 3MWh of storage, or a quantity of 60 EnerStore units.
ZBB Energy Corporation (NYSE Amex: ZBB) designs, develops, and manufactures advanced energy storage, power electronic systems, and engineered custom and semi-custom products targeted at the growing global need for distributed renewable energy, energy efficiency, power quality, and grid modernization. ZBB and its power electronics subsidiary, Tier Electronics, LLC have developed a portfolio of integrated power management platforms that combine advanced power and energy controls plus energy storage to optimize renewable energy sources and conventional power inputs whether connected to the grid or not. Tier Electronics participates in the energy efficiency markets through their hybrid vehicle control systems, and power quality markets with their line of regulation solutions. Together, these platforms solve a wide range of electrical system challenges in global markets for utility, governmental, commercial, industrial and residential end customers. Founded in 1998, ZBB-s platforms ensure optimal efficiencies today, while offering the flexibility to adapt and scale to future requirements. ZBB-s corporate offices and production facilities are located in Menomonee Falls, WI, USA with offices also located in Perth, Western Australia. For more information, visit:
Certain statements made in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “estimate,” “anticipate” or other comparable terms. Forward-looking statements in this press release may address the following subjects among others: statements regarding the sufficiency of our capital resources, expected operating losses, expected revenues, expected expenses and our expectations concerning our business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management-s Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Dilek Wagner
Financial Reporting Analyst
Investor Relations
ZBB Energy Corporation
T: 262.253.9800, extension 122
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