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[February 12, 2013]
ZBB Energy Commissions Residential Project for NIDON Clean Energy
MILWAUKEE, WI, Feb 12, 2013 (MARKETWIRE via COMTEX) -- ZBB Energy Corporation (NYSE MKT: ZBB), a leading developer of intelligent, renewable energy power platforms and hybrid vehicle control systems, announced today that it has commissioned a ZBB EnerSystem(TM) at a mid-rise residential apartment building near downtown Honolulu for NIDON Clean Energy (NIDON), a division of NIDON Computer Corporation. NIDON is a renewable energy design and integration company based in Honolulu, Hawaii. The system consists of ZBB EnerStore(TM) Zinc Bromide flow battery modules and a ZBB EnerSection(TM) directly connected to a photovoltaic (PV) array. The ZBB EnerSystem provides an integrated, scalable, modular, intelligent storage and power solution.
The ZBB EnerSystem is now used as the hub for the building and elevator system utilizing power from the grid and renewable energy.
This system manages the energy output from the 20kW PV array, stores regenerated power from the elevator braking system and allows the elevator to be operated during emergency situations, or extended power outages, without a diesel generator. The scalability of the ZBB EnerSystem also enables future input and optimization from other renewable energy sources and provides for managed Electric Vehicle (EV) charging needs.
Mr. Nick Dizon, Owner, Founder and President of NIDON, stated, "This system provides a template for distributed energy resource applications, allowing for higher contributions from renewable power generation through optimization by the control technology. The system is also compelling economically, as it provides the lowest cost of ownership. Renewable energy integration will be substantially increased for these types of commercial applications by reducing CO2 emissions (greenhouse gases) from grid generation sources and eliminating CO2 from back-up power system sources. The unique benefits of ZBB's integrated energy storage platform, allows a seamless supply of renewable and stored energy to power this grid independent system." "The market for similar applications is just emerging, and we see the potential to sell hundreds of systems," said Tony Siebert, ZBB's Vice-President of Sales and Product Marketing. "With the integration of renewables and removal of backup generation, we can increase the utilization of available energy sources in a responsible, economical fashion to help lower greenhouse gases, and in addition, provide emergency services." About ZBB Energy Corporation ZBB Energy Corporation (NYSE MKT: 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, industrial and residential end customers. Founded in 1986, 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:
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.
Investor Relations Contact: Lewis W. Kreps Three Part Advisors, LLC www.threepa.com 214-599-7955 or David Mossberg Three Part Advisors, LLC 817-310-0051 SOURCE: ZBB Energy Corporation
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