SOURCE: ZBB Energy Corporation

ZBB Energy Corporation

December 05, 2011 16:16 ET

ZBB Energy Announces Compliance With NYSE Amex Listing Standards

MILWAUKEE, WI--(Marketwire - Dec 5, 2011) - ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today that the Company has regained compliance with the continued listing standards of NYSE Amex (the "Exchange").

On December 2, 2010, the Company received a deficiency letter from the Exchange informing it that as of June 30, 2010 and September 30, 2010 the Company's stockholders' equity was below the minimum required by Section 1003(a)(i) of the Exchange's Company Guide.

On January 3, 2011, the Company filed a plan with the Exchange for resolving the listing deficiency. On February 4, 2011, the Exchange accepted that plan. The Company executed successfully against that plan and on December 2, 2011 the Company received a letter from the Exchange informing it that the listing deficiency was resolved.

As of June 30, 2011 and September 30, 2011, the Company's stockholders' equity was above the minimum $4 million required by Section 1003(a)(ii) of the Exchange's Company Guide. However, to remain in compliance with the Exchange's continued listing standards, the Company will need to continue to satisfy the minimum stockholders' equity requirement as well as other applicable continued listing standards, and there can be no assurance that it will be able to do so.

About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: 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 1998, 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: http://www.zbbenergy.com.

Safe Harbor
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.

Contact Information

  • Contact Information:
    Dilek Wagner
    Investor Relations
    ZBB Energy Corporation
    T: 262.253.9800
    Email: Email Contact