SHANGHAI, CHINA — (Marketwired) — 04/24/15 — ZBB Energy Corporation (NYSE MKT: ZBB), a leading developer of innovative energy management solutions serving the commercial and industrial building and utility markets, today announced its products will be featured at the SNEC Power Expo in Shanghai, China. ZBB–s China joint venture company, Meineng Energy, will be located in the exhibit of Solar Power, Inc. (“SPI”) (OTCBB: SOPW), a vertically-integrated photovoltaic (“PV”) developer. The conference will be held at the Kerry Hotel Pudong, Shanghai from April 28 to 30, 2015. ZBB and SPI recently announced a proposed partnership including a supply agreement and share purchase agreement, targeted at accelerating global solar penetration through the combination of solar distributed generation and energy storage.
ZBB recently announced a contract for an off-grid 500kWh energy storage and PV power station in the Cayman Islands. PV plus energy storage power stations represent a major growth opportunity in China and elsewhere in the world where grid electricity is either not present or not economical. In March of this year the company achieved critical third party validation of its latest flow battery, the Agile Flow Battery, performed at one of the world–s top battery and grid power control products testing facilities, in Beijing, China. The Agile Flow Battery was engineered based upon ZBB–s industry leading flow battery design expertise, its breadth of real world application data derived from dozens of installations, and stringent lab testing at ZBB and Meineng Energy. The Agile Flow Battery enables a large amount of energy to be deployed from a relatively small footprint, and is designed for the lowest life cycle cost available for applications requiring more than 2 hours of discharged energy. The Agile Flow Battery technology is well suited to play a vital role in China–s planned large-scale adoption of energy storage.
About ZBB Energy Corporation
ZBB Energy Corporation (NYSE MKT: ZBB) is an applications solutions company providing advanced energy management systems critical to the transition from a “coal-centric economy” to one reliant on an enormous expansion in renewable energy. Whether part of the grid power transmission and distribution network, or behind the meter in commercial, industrial and multi-tenant buildings, ZBB Energy brings vital power control and energy storage solutions to the most pressing problems caused by the incorporation of increasingly pervasive renewable energy generating assets. ZBB Energy also provides energy management systems for off-grid applications such as island or remote power. ZBB is a global corporation, with a joint venture in AnHui, China at Meineng Energy, as well as a strategic partnership with Lotte Chemical in South Korea. For more information, visit: .
About Solar Power, Inc. (OTCBB: SOPW)
Solar Power, Inc. (“SPI” or the “Company”) is a global leader in enabling photovoltaic (“PV”) solutions for business, residential, government and utility customers and investors. SPI focuses on the downstream PV market including the development, financing, installation, operation and sale of utility-scale and residential solar power projects in China, Japan, Europe and North America. The Company also operates an innovative online energy e-commerce and investment platform, , which enables individual and institutional investors to purchase innovative PV-based investment and other products. The Company has its operating headquarters in Shanghai and maintains global operations in Asia, Europe and North America. For additional information visit: or .
About Meineng Energy
Anhui Meineng Store Energy System Co., Ltd. is a provider of leading-edge energy storage systems and solutions to the greater China market. Meineng customizes the system designs to meet specific requirements for applications such as wind and solar renewable energy, distributed storage for commercial and industrial facilities, utility scale peak power support, telecommunications and other applications. Meineng develops products utilizing leading energy management systems technology from ZBB Energy, located in the United States. For more information, visit .
Safe Harbor Statement
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.
Jeff Elliott
Three Part Advisors, LLC
972-423-7070
Or
David Mossberg
817-310-0051
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