MILWAUKEE, WI--(Marketwire - Feb 5, 2013) - ZBB Energy Corporation (NYSE MKT: ZBB) announced today that the Company has delivered against the initial contract to provide ZBB's 2nd generation retrofit hybrid electric vehicle controller technology to Crosspoint Kinetics, with whom ZBB Energy entered into a Strategic Supply Agreement in November 2012.
"ZBB Energy's controller technology is an integral component in enabling this practical, easily-installed retrofit hybrid system," said Dan Nordloh, ZBB's Executive Vice President of Global Business Development. "Many fleets throughout North America presently have the first generation systems operating in the targeted classes of vehicles, validating that the market values the Crosspoint Kinetics system attributes, as highlighted below."
Key attributes of the Crosspoint Kinetics hybrid vehicle system include:
- Designed to be integrated or retrofitted, quickly and simply into new and existing fleets
- Compatible with diesel, gas and compressed natural gas (CNG) platforms
- Government compliant
- Substantially reduces emissions and increases fuel mileage
- Utilizes super capacitors, eliminating the need for batteries
- Proven technology priced at a point to ensure rapid adoption
"While we have delivered the controllers to fulfill the initial contract, we will now be delivering controllers against a blanket order that we announced in conjunction with the strategic supply agreement. The market opportunity is tremendous, and the Cummins Crosspoint strength of distribution, both domestically and internationally, positions our technology to be an integral component of systems serving global markets," said Dan Nordloh. (Crosspoint Kinetics is a wholly owned subsidiary of Cummins Crosspoint, LLC)
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 1986, 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
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