ZBB Awarded Contract to Deliver Uniquely Designed Power Management System for Transportable U.S. Military Application Integrating PV and Diesel Power Generation
MILWAUKEE, WI–(Marketwire – March 14, 2012) – ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today a contract from a Florida-based solar integrator to provide an integrated, continuous power ZBB EnerSystem™. This technology combines ZBB EnerStore™ flow-battery technology and ZBB EnerSection™ power and energy control capability for use in a unique application designed to operate in both grid-connected and transportable micro-grid applications at an undisclosed U.S. Military base.
The installation dovetails with a multi-year project at the base to increase energy efficiency, incorporate renewables, and increase overall energy reliability and independence with respect to the availability of the civilian grid. As part of the Department of Defense’s numerous goals relating to increasing renewable energy use, the National Defense Authorization Act of 2007 (NDAA07) has mandated that the Department of Defense produce or procure 25% of the total installation energy requirement from renewable sources. The Florida-based integrator was awarded a demonstration grant to deploy and trial the micro-grid system using ZBB capabilities that offer a hybridized solution to integrate the mix of renewables, diesel and energy storage. The technology will demonstrate the ability to provide a continuous power supply to local loads on the base regardless of time of day, intermittent renewables or level of stored energy, while minimizing the use of diesel fuel.
The ZBB EnerSystem will be used continuously in an ongoing operational mode in conjunction with the base grid loop, and will also demonstrate the ability to disconnect from the grid and operate as a micro-grid in ‘island mode,’ and then seamlessly synchronize back to the grid interconnection as appropriate. The trial at the base will monitor the overall system and will focus on the power control for micro-grid stability, power quality and minimization of fuel use.
“The Department of Defense continues to recognize the value of ZBB’s capabilities,” said Eric Apfelbach, president and CEO of ZBB Energy. “The manner by which the ZBB EnerSystem can be uniquely configured to deliver modular and scalable solutions positions us to do very well in this market, serving a variety of applications, including micro-grids that are designed to optimize energy availability from a variety of resources. ZBB has now won contracts to deliver innovative mobile, transportable and stationary power management solutions to the military, and we look forward to working closely with all stakeholders to showcase this installation as a great example of how the ZBB EnerStore and ZBB EnerSection provide key integration, power management and energy security.”
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
