SOURCE: ZBB Energy Corporation

ZBB Energy Corporation

October 31, 2011 08:40 ET

ZBB Energy and Honam Petrochemical Ship ZBB EnerSystem™ for South Korea's Jeju Island Smart Grid Test-Bed

Joint Development Partners Deliver Smart Storage to Leading Smart Grid Test-Bed

MILWAUKEE, WI--(Marketwire - Oct 31, 2011) - ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, along with their joint development partner Honam Petrochemical, announced today the shipment of a ZBB EnerSystem™ to Jeju Island, in the Republic of Korea, as part of the island's micro-grid test system. The ZBB EnerSystem is comprised of a ZBB EnerSection™ power and energy control center and two ZBB EnerStore™ 50 zinc-bromide flow battery modules providing a storage capacity of 100kWh.

Jeju Island has been designated as a small-scale test area for a national 2.75 trillion won Smart Grid project. In Korea's Smart Grid model, the distribution of electricity from the main power grid would give way to the more efficient management of a micro-grid system where each home would have either a wind turbine or PV panels installed while being connected to the grid.

As part of the system, the ZBB EnerSection will be used to interconnect the flow battery modules and 'smart renewable' inputs as part of the beta testing in the feasibility of a variety of green energy alternatives and technologies. The ZBB EnerStore flow battery will serve as an advanced electrical energy storage device, constructed from environmentally-friendly materials that provide a long service life and advanced performance particularly in applications like micro-grids.

The ZBB EnerSystem provides a fully integrated energy storage solution for direct grid connect and the integration of multiple ZBB EnerStore units and/or multiple types and quantities of energy generating sources, including all smart renewable sources. With the ZBB EnerSystem, renewable energy sources can be discretely optimized to offer firm supply to loads or the grid. The ZBB EnerSystem provides a single point of connection to the grid, and because it is comprised of common components, the complexities and risks of integrating a system with multiple devices is greatly reduced.

"ZBB partnered with Honam Petrochemical to completely reengineer our zinc-bromide flow battery and develop the most advanced and cost effective energy storage device available on a global scale," said Eric Apfelbach, President & CEO of ZBB Energy. "The initial phase uses ZBB's V2 battery to prove the benefits of flow batteries coupled with smart power management. Our new V3 battery will be added early next year."

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

About Honam Petrochemical Company
Honam Petrochemical Company is a billion dollar chemical manufacturer headquartered in Seoul, South Korea. Honam manufactures a variety of petrochemical products including synthetic resins, synthetic industrial materials including ethylene glycol and ethylene oxide for making polyester, automobile antifreeze solutions, methyl methacrylate, benzene, propylene and ethylene. A subsidiary of Lotte, Honam is one of the largest industrial conglomerates in Korea, with operations throughout Asia. Lotte's business lines include hotels, tourism, department stores, heavy industry, distribution and electronics. For more information on Honam, visit www.hpc.co.kr.

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:
    Helen Brown
    Investor Relations
    ZBB Energy Corporation
    T: 262.253.9800
    Email: Email Contact