ZBB Energy (ZBB) Delivers Intelligent Storage Platform to Wisconsin Energy Research Consortium (WERC)
MILWAUKEE, WI — (Marketwire) — 01/13/11 — ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, today announced the successful factory testing and delivery of their ZESS POWR™ PECC and ZESS 50 advanced energy power and storage solutions to the energy lab at UWM’s College of Engineering & Applied Science. UWM recently awarded ZBB a competitive bid contract to supply cutting-edge technology for use by a multi-university team of researchers conducting renewable energy studies for the Wisconsin Energy Research Consortium (WERC). The successful factory testing, delivery and acceptance by UWM allows ZBB to recognize the revenue for this contract in fiscal Q2 2011.
The WERC research project will utilize ZBB technology in a two-phase effort. The first phase of the project will study individual wind turbines. These results will be applied in a phase two study to remodel an entire wind farm system to improve reliability and put wind farms on equal footing with conventional fuel sources, such as coal and gas fueled power plants. “ZBB is a proud member of WERC and we have no doubt that with members like Johnson Controls and Eaton, this consortium will push the industry forward. We are very happy UWM selected our equipment for the effort,” said Eric Apfelbach, CEO of ZBB Energy.
The ZESS POWR™ PECC is a hybrid power system that converts any combination of wind, solar, hydro or other generating sources to independently optimize the control of each generating source while providing a ‘steady-state’ power output to the electrical loads or directly to the grid.
The ZESS 50 technology is a Zinc Bromide flow battery designed to serve as an advanced electrical energy storage device, and is constructed from environmentally-friendly materials that provide for long service life and advanced performance when compared with traditional chemical batteries.
ZBB serves a variety of global markets, including utility, government, commercial, industrial and residential customers. ZBB also provides its technology to the U.S. Department of Defense through its various relationships with major defense contractors. The company has a 75,000 square foot manufacturing facility in Menomonee Falls, as well as research and development offices in Perth, Australia.
About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: ZBB) provides distributed intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable zinc bromide flow batteries and other storage technology. This platform solves a wide range of electrical system challenges in global markets for various types of sites with utility, governmental, commercial, industrial and residential end customers. A developer and manufacturer of its modular, scalable and environmentally friendly power systems (“ZESS POWR™”), ZBB Energy was founded in 1998 and is headquartered in Wisconsin with offices also located in Perth, Western Australia.
Safe Harbor Statement
Certain statements made in this press 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 of 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.
Contact Information:
Helen Brown
Investor Relations
ZBB Energy Corporation
T: 262.253.9800
Email: Email Contact
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