MILWAUKEE, WI--(Marketwire -08/29/12)- ZBB Energy Corporation (ZBB), the leading developer of intelligent, renewable energy power platforms, today announced it has received multiple orders valued at greater than $600,000 from Meineng Energy, our joint venture company in China. ZBB plans to deliver the components for multiple ZBB EnerStore™ and ZBB EnerSection™ units to the Meineng factory for assembly and testing in Anhui Province, Wuhu, China.
"Earlier this year, Meineng placed an initial order with ZBB for components to assemble ten ZBB EnerStore advanced energy storage units and Meineng has commitments for all ten of those units to be delivered to various customers by the end of this year. The current follow-on order indicates the growth potential in China for our products as well as the scalability and repeatability we are looking for to reach critical mass," said Dan Nordloh, ZBB Energy Executive Vice President of Global Business Development and member of Meineng Energy Board of Directors. "With these new orders, Meineng will be able to continue ramping their assembly and test facility, as well as ensure their ability to quickly deliver extremely configurable solutions to accommodate diverse applications."
"Our objective for calendar year 2012 is to broadly penetrate our products into the most critical segments of the Chinese market, and to demonstrate in real-world installations the advantages of our leading edge energy storage and power management systems," said Brad Hansen, CEO of Meineng Energy. "We began production in late May of this year and have assembled several systems that will ship in the coming weeks. These are configured for multiple applications such as renewable energy productivity improvement and micro grid-based energy storage integration. These additional follow-on orders to purchase key modules and components from ZBB Energy will enable us to further expand our footprint in the Chinese market in the coming months."
Meineng Energy recently celebrated the grand opening of its Wuhu, China facility, showcasing several complete EnerStore battery modules that included significant content sourced from its China supply chain, in addition to key components it ordered previously from ZBB. Meineng Factory I is designed to have an annualized nameplate capacity rated at 100MWh of energy storage and control products.
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.
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Lewis W. Kreps
Three Part Advisors, LLC
Three Part Advisors, LLC