SOURCE: ZBB Energy Corporation

ZBB Energy Corporation

June 14, 2012 08:30 ET

ZBB Energy Prices Public Offering of Common Stock for Gross Proceeds of $12 Million

MILWAUKEE, WI--(Marketwire - Jun 14, 2012) - ZBB Energy Corporation (NYSE MKT: ZBB) (NYSE Amex: ZBB), a leading developer of intelligent, renewable energy power platforms, today announced the pricing of an underwritten public offering of 31,600,000 shares of its common stock at a price to the public of $0.38 per share. The net proceeds to ZBB from this offering are expected to be approximately $10.8 million after deducting underwriting discounts and commissions and other estimated offering expenses. The offering is expected to close on or about June 19, 2012, subject to customary closing conditions.

MDB Capital Group LLC is acting as sole underwriter in the offering. ZBB has granted the underwriter a 45-day option to purchase up to an aggregate of 4,740,000 additional shares of common stock for up to $1.7 million to cover over-allotments, if any. ZBB anticipates using the net proceeds from the offering to repay existing indebtedness and the balance for working capital and general corporate purposes.

The securities described above are being offered by ZBB pursuant to a registration statement declared effective by the Securities and Exchange Commission (the "SEC") on June 13, 2012. The offering of these securities will be made only by means of a prospectus, copies of which may be obtained from the offices of MDB Capital Group, LLC, 401 Wilshire Blvd., Suite 1020, Santa Monica, CA 90401, or by calling 1-310-526-5000. This news release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About ZBB Energy Corporation

ZBB Energy Corporation (NYSE MKT: 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:

About MDB Capital Group

MDB Capital Group LLC is an investment banking and institutional research firm focused exclusively on companies possessing or seeking to develop market changing, disruptive technologies and intellectual property. For more information on MDB Capital Group, visit

Safe Harbor Statement

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, the anticipated closing of the offering, 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
    Financial Reporting Analyst
    Investor Relations
    ZBB Energy Corporation
    T: 262.253.9800, extension 122
    Email: Email Contact

    Wendy Prabhu
    Public Relations
    MDB Capital Group
    T: 512-215-4452
    Email: Email Contact

    Investor Relations
    Liolios Group, Inc.
    Justin Vaicek
    T: 949-574-3860
    Email: Email Contact