SOURCE: ZBB Energy Corporation

ZBB Energy Corporation

December 02, 2010 09:15 ET

ZBB Energy Appoints Will Hogoboom to CFO Role

The Planned Transition Continues to Strengthen Management Team

MILWAUKEE, WI--(Marketwire - December 2, 2010) - ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, today announces that Will Hogoboom is appointed to serve as ZBB's Chief Financial Officer. Mr. Hogoboom has served as the contract Financial Controller since late 2009 and has been instrumental in the maturation of ZBB's financial systems, reporting and compliance areas. Will's employment relationship with ZBB continues to be on a contract basis. He is officially an interim CFO, as it is expected that the Company may need a different set of skills as it achieves its goals over the next few years.

Will brings to this position extensive experience serving high-tech growth companies such as Superconductivity Inc., Imago Scientific Instruments, Terso Solutions (subsidiary of Promega Corp.) and American Superconductor Corp., and offers ZBB an invaluable resource for its rapid-growth environment. Will has participated in or led various types of public and private equity, debt and M&A transactions, and his capabilities in developing forecasting models aligned with long term financial plans are integral to achieving our growth objectives and evaluating acquisition and strategic alliance opportunities. Will earned a bachelor's of science degree in accounting from the University of Wisconsin - Madison and is a certified public accountant. Will was also an audit partner with a Madison, Wisconsin certified public accounting firm prior to his roles as chief financial officer and controller.

"Will's contribution to ZBB over the past year has been significant, as he has elevated ZBB's financial management, reporting and compliance to the highest of standards. Will delivers an important breadth of experience to the CFO role during a time when we are poised to deliver on our strategic growth goals," said Eric Apfelbach, ZBB's President and CEO. "We would also like to thank Scott Scampini, who was serving the company in a dual role of Executive VP of Operations and CFO, for his contribution during this transition period." 

"I am looking forward to continuing to be a part of this exciting and growing company and its management team," said Mr. Hogoboom.

Scott Scampini will now focus on ZBB's operations as Executive VP of Operations. Scott's experience in the plastics industry is especially valuable, as ZBB's new V3 flow battery will take advantage of the latest automated plastic manufacturing technology. In addition, Scott has been integral in launching and driving down the cost of ZBB's industry leading Power and Energy Control Center (PECC), and will be instrumental in continuing to ramp ZBB's power electronics manufacturing capabilities.

About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: ZBB) provides distributed intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable zinc bromide flow batteries and other storage technology. This platform solves a wide range of electrical system challenges in global markets for various types of sites with utility, governmental, commercial, industrial and residential end customers. A developer and manufacturer of its modular, scalable and environmentally friendly power systems ("ZESS POWR™"), ZBB Energy was founded in 1998 and is headquartered in Wisconsin with offices also located in Perth, Western Australia.

Safe Harbor Statement
Certain statements made in this press 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 of 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:
    Helen Brown
    Investor Relations
    ZBB Energy Corporation
    T: 262.253.9800
    Email: Email Contact