|By Marketwired .||
|December 6, 2012 08:30 AM EST|
MILWAUKEE, WI -- (Marketwire) -- 12/06/12 -- ZBB Energy Corporation (NYSE MKT: ZBB), a leading developer of intelligent power and energy management technologies, today announced it has signed an agreement to supply its 2,000 kWh ZBB EnerStore System, including 40 ZBB EnerStore modules, for the luxury eco-resort The Brando project in French Polynesia, designed to be the first LEED (Leadership in Energy and Environmental Design) Platinum certified destination resort in the world, as a new construction and in the campus category.
Developed by the U.S. Green Building Council (USGBC), LEED consists of a suite of rating systems for the design, construction and operation of high performance green buildings, homes and neighborhoods. The Council rates energy efficiency into four categories, including Certified, Silver, Gold, and Platinum. Platinum is the highest LEED certification.
The resort's electrical supply will include a mix of renewable energy sources, including an 896 kW array of photovoltaic (PV) panels and generators that use sustainable biofuels made from locally sourced coconut oil.
The project is focused on environmental sustainability, while eliminating the use of fossil fuels and providing for a carbon-free footprint. The ZBB technology allows the resort to significantly minimize the amount of fuel consumed by utilizing generators for back-up purposes only when stored PV energy is not significant enough to meet overnight demand. In terms of storage size and dollar value, this project represents the largest 'island microgrid' contract to date for ZBB.
"The system is scheduled to be fully operational during 2013," said Richard Bailey, President and CEO of Pacific Beachcomber, SC. "We investigated various storage technologies, and after we completed our due diligence, it became evident that the ZBB EnerStore System would provide us with the best system design and lowest overall life cycle costs," said Pascal Lombard, Director for the project.
"This system demonstrates the scalability and cost of ownership advantages of Zinc Bromide flow batteries. The use of our DC topology to integrate the various microgrid assets is a great example of how our technologies radically simplify real world microgrids. We appreciate the confidence that Pacific Beachcomber has placed in ZBB's products for this incredible groundbreaking eco-resort," said Eric C. Apfelbach, President and CEO of ZBB Energy.
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 www.zbbenergy.com.
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, 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.
Investor Relations Contact:
Lewis W. Kreps
Three Part Advisors, LLC
Three Part Advisors, LLC