October 21, 2008
ZBB Energy Corporation Announces Australian Sales Distribution Agreement With Zest Energy
MILWAUKEE, Oct. 21 /PRNewswire-FirstCall/ -- ZBB Energy Corporation announced today that it has entered into a sales distribution agreement with Zest Energy Pty Ltd ("Zest"), for the marketing, sale and distribution of ZBB's ZESS energy storage products in Australia and New Zealand.
Zest is an Australian company specializing in the use of regenerative fuel cells for energy storage. The company works with technology suppliers, property developers, utilities and energy users to design and install energy storage systems to reduce peak demand and energy costs, and to provide a quality power supply without the complication of diesel or gas fired generators. Zest focus on storage systems to facilitate the widespread adoption and dispatch of renewable energy generation.Mr. Jon Pemberton, Managing Director of Zest, said, "distributed energy storage is poised to change the way we use electricity and has been described as a 'disruptive technology.' As energy prices escalate because of emissions, network constraints and rising fuel prices, energy storage will play a unique role in better utilizing existing generation and distribution assets and facilitating the introduction of renewable energy technologies. We believe that energy storage, and regenerative fuel cells in particular, will provide new opportunities for distributors, renewable generators, developers and systems integrators to meet the challenges of building a new, low emission, high efficiency energy network. We are proud to be associated with ZBB, whom we consider to be the leader in such energy storage and look forward to introducing the ZESS product to our markets." Mr. Pemberton is a former manager at Australian National Industries and Evans Deakin Industries.
Zest Co-director, Professor Tony Vassallo, said: "Energy storage will become an integral component of distributed energy systems and we are very pleased to be able to work with ZBB Energy Corporation in facilitating the uptake of this technology in Australia and New Zealand."
ZBB's Sales and Marketing Vice President, Mr. Kevin Dennis, added, "Australia is an important market region for energy storage and renewable energy. Australia has vast areas with remotely located towns, communities and mining camps, many of which rely on localized power production and distribution and are isolated from connection to its national grid. Renewable energy sources, such as solar and wind, are playing an ever increasing important role in Australia's energy future, and we know that storage is integral to that future. We are therefore delighted to appoint Zest as our representative in this market and to be working with Jon and his team."
Zest will market and distribute both ZESS 50 and ZESS 500 products manufactured and shipped from ZBB's Menomonee Falls, Wisconsin facility.
About ZBB Energy Corporation
ZBB Energy Corporation develops and manufactures distributed energy storage solutions based on the Company's proprietary environmentally friendly, zinc rechargeable electrical energy storage technology. The unique modular construction of the Company's core 50 kWh product enables ZBB's fuel cell type energy storage system to be sized and packaged as products (ZESS 50(TM), ZESS 500(TM)) as well as a fully customized, large format, energy storage system. This scalable, mobile system is ideally suited for large market applications.
Except for the historical information contained herein, the matters set forth in this press release, including the description of the company and its product offering, are forward-looking statements within the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risk and uncertainties that may cause actual results to differ materially, including historical volatility and low trading volume of our stock, the risk and uncertainties inherent in the early stages of growth companies, the company's need to raise substantial additional capital to proceed with its business, risks associated with competitors, and other risks detailed from time to time in the company's most recent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.
Contact Information: Robert Parry Chief Executive Officer ZBB Energy Corporation T: 262.253.9800 Email: [email protected] Joanne Verkuilen SMH Market & Liquidity Services, SMH MLS LLC T: 212-893-1122 [email protected] About SMH Market & Liquidity Services
SMH MLS LLC is an affiliate of SMH Capital Inc., a registered broker-dealer and a member of FINRA and SIPC, and a subsidiary of Sanders Morris Harris Group . SMH Market & Liquidity Services assists small cap companies seeking to expand their investor exposure and market depth and breadth through a broad spectrum of services that include comprehensive perspective reports, strategic shareholder communications, and trading analysis. SMH Market & Liquidity Services receives compensation from its company clients for all communications and publications prepared on its behalf (http://www.smhmls.com/). SMH MLS may engage SMH Capital to provide research coverage for one of its client. In addition, SMH Capital may provide, or may have provided, any of its services to the subject company, including market making, specialized and other proprietary trading, fund management, investment services and investment banking. This is not a solicitation to buy or offer to sell or the subject company's securities.
ZBB Energy Corporation
CONTACT: Robert Parry, Chief Executive Officer of ZBB EnergyCorporation, +1-262-253-9800, [email protected]; or Joanne Verkuilen of SMHMarket & Liquidity Services, SMH MLS LLC, +1-212-893-1122,[email protected]
Web site: http://www.zbbenergy.com/