Meineng Energy Assembly and Test Facility Expected to Be Fully Operational April 2012
MILWAUKEE, WI–(Marketwire – February 23, 2012) – ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, today announced a contract with Meineng Energy to deliver components for assembly and test of multiple ZBB EnerStore™ units at the recently completed factory in Wuhu, China scheduled to be fully operational in April, 2012.
The Meineng Energy facility is designed to offer production capacity up to 75 MWh per year, and is currently being equipped with all required infrastructure to provide for the assembly and test of ZBB EnerStore™ and ZBB EnerSection™ power and energy control center products.
Advance teams comprised of ZBB personnel from various functional areas are working with the Meineng Energy employees to ensure the successful start-up and commissioning of the factory, with a number of the team members scheduled to be in China during the weeks leading up to the official date of commissioning.
Meineng Energy is presently preparing to take delivery of and install at designated customer sites ZBB EnerStore and ZBB EnerSection units that are being assembled and tested at the ZBB factory in Menomonee Falls, WI USA. This new contract for ZBB EnerStore components will allow Meineng Energy to assemble, test and deliver products from the Wuhu factory to fulfill current orders and quickly and efficiently respond to customer demand within China.
About ZBB Energy Corporation
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, indus trial 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: http://www.zbbenergy.com
Safe Harbor
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 uncertainti es 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 su ch statement is based.
Contact Information:
Dilek Wagner
Financial Reporting Analyst
Investor Relations
ZBB Energy Corporation
T: 262.253.9800, extension 122
Email: dwagner@zbbenergy.com
