It's definitely good news, but let's remember it's a $2.4 million contract to Eaton, not ZBB for 18 months of work that was announced in Feb 2011. So we may not see any significant follow on orders for quite a while.
That doesn't matter...what it does is makes other sales easier in the future showing Eaton and the Army are confident enough to test with ZBB products presumably based on the initial build of the ruggedized PECC and it's performance and speed of completion. Obviously some of that money will come to ZBB from Eaton.
You have to remember where ZBB is at in the lifecycle...2010 was cleaning up a few things and putting plan in place, 2011 is a cross over year with products, executing the plans etc...and 2012 is the breakout year. This is why I keep adding (although I haven't for a little bit).
well that Hawaii project, which was with Eaton, combined with this one combine to give me some optimism. But Eaton is a giant company that has partnerships with a full array of energy solutions providers, like Vycon (flywheel) and grid-scale Lithium Ion battery folks, including research and development with their own brands like Powerware and Santak in China. In no way whatsoever can anyone say Eaton has realized the superiority of zinc bromine flow batteries over competing technologies - yet. Eric and Dan N still have major work to do here, this just gets them in the game.
I think the backlog is sarting to take shape as they move towards product cert. and launch.
EATON knows the technology is a winner and have all the incentive to help make the V3 ZESS a huge market success.
What major motor manufacturer does Tier make product for? And Tier's other significant customer is?
I'm seeing synergies on many levels with EATON/ZBB/TEholdings.
The rugged PECC seems to be deployed in the field with the DoD and can be air-dropped in with a micro-grid. separate application than the recent Eaton news.
Target/EATON/DoD Commercial/Industrial/Military/Gov. all adopting this tech. at the same time. can't be a bad thing.
Conf. in NY? China trip on the calender.
EATON can help ZBB buy cheap materials, maximize efficiency in design and production, and leverage their tech. within their own business, the US gov't.s many branches, and globally, in order to meet demand for their differentiated, turn-key, environmentally friendly products, in particular the V3 ZESS and PECC.
ZBB technology, a value proposition, given much credence via EATON....and some others....gl....