ZBB Energy: NYSE MKT extends ZBB Energy compliance plan period

MILWAUKEE, WI–(Marketwired – June 03, 2014) -ZBB Energy Corporation (NYSE MKT: ZBB), a leading developer of intelligent, renewable energy power platforms and hybrid vehicle control systems, today announced that the NYSE MKT (the “Exchange”) has determined the Company has made a reasonable demonstration of its ability to regain compliance with Section 1003(a)(iv) of the NYSE MKT Company Guide (the “Company Guide”) and extended the date by which the Company is required to regain compliance to October 15, 2014. The determination, in accordance with Section 1009 of the Company Guide, was based on the Exchange’s review of information provided by the Company.

As previously reported, on October 8, 2013, the Company received notice from the Exchange staff indicating that the Company was not in compliance with the Exchange’s stockholders’ equity continued listing requirements contained in Sections 1003(a)(ii) and 1003(a)(iii) of the Company Guide or the Exchange’s financial condition continued listing requirements contained in Section 1003(a)(iv) of the Company Guide. The notice provided that the Company should submit a plan that would reestablish compliance with the listing requirements. On November 14, 2013 the Company submitted a plan designed to reestablish compliance with the Exchange’s continued listing standards.

On December 31, 2013, the Exchange staff notified the Company that it had accepted the Company’s compliance plan and granted the Company an extension until April 15, 2015, to regain compliance with the continued listing standards contained in Sections 1003(a)(ii) and 1003(a)(iii) of the Company Guide. In addition, the Exchange initially granted the Company until February 18, 2014 to regain compliance with the continued listing standards contained Section 1003(a)(iv) of the Company Guide.

On February 28, 2014, the Company received notice from the Exchange staff that the NYSE MKT had determined to extend the date by which the Company was required to regain compliance with Section 1003(a)(iv) of the NYSE MKT Company Guide to May 30, 2014 based on the Exchange’s review of the Company’s Form 10-Q filed with the Securities and Exchange Commission on February 14, 2014.

Failure to make progress consistent with the compliance plan or to regain compliance with the continued listing standards by the end of the applicable extension periods could result in the Company’s shares being delisted from the Exchange. The Company will be able to continue its listing during the plan period pursuant to the extension and will be subject to periodic review by the Exchange staff.

About ZBB Energy Corporation

ZBB Energy Corporation (NYSE MKT: ZBB) designs, develops, licenses and manufactures advanced energy storage and power electronics systems, as well as engineered custom and semi-custom products targeted at the growing global need for distributed renewable energy, energy efficiency, power quality, and grid modernization. ZBB’s portfolio includes integrated power management platforms that combine advanced power and energy controls plus energy storage to optimize renewable energy sources and conventional power inputs for grid connected and off-grid applications. ZBB’s innovative platforms solve a wide range of electrical system challenges in global markets for utility, governmental, commercial, industrial and residential customers. In addition, the platforms ensure optimal efficiencies today, while offering the flexibility to adapt and scale to future requirements. ZBB’s corporate offices, engineering and development, and production facilities are located in Menomonee Falls, WI, USA with a research facility also located in Perth, Western Australia. ZBB has a joint venture with Meineng Energy, a provider of leading-edge energy storage systems and solutions to the greater China market. For more information, visit: www.zbbenergy.com.