MILWAUKEE, WI--(Marketwire -08/24/12)- ZBB Energy Corporation (ZBB), a leading developer of intelligent, renewable energy power platforms, today announced the appointment of Tony Siebert to the position of Vice President of Sales and Product Marketing for ZBB Energy Corporation. Mr. Siebert brings over 20 years of experience in sales and engineering in the utility and industrial industries. Mr. Siebert will assume full responsibility for leading the coordination of ZBB's sales and product marketing strategy.
"We welcome Tony to our growing team," said Eric C. Apfelbach, President and CEO of ZBB Energy. "Tony's energetic sales approach and marketing experience bring the exact talents we need to grow our product sales as we move into broader commercialization. He has a proven track record of building worldwide teams that can increase sales and maintain focus on providing solutions that exceed customer expectations."
"ZBB has the right products to provide the best solutions for a growing global infrastructure problem," said Tony Siebert. "I look forward to leading the worldwide sales team and helping ZBB dramatically increase sales and backlog to meet and exceed the Company's goals."
Mr. Siebert has served as Managing Director of Grid Sales for American Superconductor Corporation ("AMSC") and held senior sales, business development, and engineering roles at ABB Power Electronics Division. During his time at American Superconductor, he was responsible for the management of sales of AMSC grid products worldwide and was the Director of the FACTS and DVAR businesses where he was responsible for grid sales, business/product development, engineering prioritization, and coordination of project management.
In connection with his appointment, Mr. Siebert was awarded inducement options to purchase a total of 200,000 shares of the Company's common stock. 50,000 of these options will vest based on the achievement of certain performance targets. The remaining 150,000 of these options will vest over three years.
Mr. Siebert graduated from Milwaukee School of Engineering with a Bachelor of Science degree in Electrical Engineering Technology.
About ZBB Energy Corporation
ZBB Energy Corporation (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: www.zbbenergy.com.
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.
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Lewis W. Kreps
Three Part Advisors, LLC
Three Part Advisors, LLC