SOURCE: ZBB Energy Corporation

ZBB Energy Corporation

August 30, 2010 15:52 ET

ZBB Energy Initiates Draw Process on Its $10 Million Security Purchase Agreement With Socius Energy Capital Group

MILWAUKEE, WI--(Marketwire - August 30, 2010) -  ZBB Energy Corporation (NYSE Amex: ZBB), a leading developer of intelligent, renewable energy power platforms, today announced that it had initiated the process to use its capacity under the Security Purchase Agreement with Socius Energy Capital Group. The initial draw request was structured using existing capacity on the S-3 shelf registration. It is anticipated that follow-on tranches would be completed using shares registered on the company's S-1 registration that is in process now. 

"Our capital raising strategy is working as planned. We only want to raise capital when we need it and minimize dilution as much as possible for our shareholders. As we execute our strategic plan, we expect the ability to time these tranches as we meet milestones will accomplish this as we build value in our company. We have multiple high leverage areas to deploy capital," said Eric Apfelbach, President and CEO.

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
Except for the historical information contained herein, the matters set forth in this press release, including statements relating to ZBB's growth, 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 risks and uncertainties that may cause actual results to differ materially, including historical volatility and low trading volume of our stock, the risks 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

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