zbb energy Wert mit Zukunft? - 500 Beiträge pro Seite

[tom0503]

ZBB Energy

[MaatMod]

!

Dieser Beitrag wurde moderiert.

[MaatMod]

Hallo tom0503

ich gehe davon aus, daß auch bei nachträglicher Zuordnung der WKN
niemand mit diesem Thread etwas anfangen kann.

Mehr Informationen sind willkommen.

MfG MaatMOD

[Olli-V]

Die machen große Batterien um erzeugten Strom von regenrativ erzeugten Stromerzeugern, z.B. Windkraftanlagen zu speichern. Ständige verfügbarkeit von regenartiver Energie scheint deren Ziel zu sein.

http://www.zbbenergy.com

Gibt es da nicht bereits bessere Lösungen als große Batterieähnliche Anlagen?

[Loserin]

Zitat von Olli-V: Die machen große Batterien um erzeugten Strom von regenrativ erzeugten Stromerzeugern, z.B. Windkraftanlagen zu speichern. Ständige verfügbarkeit von regenartiver Energie scheint deren Ziel zu sein.

http://www.zbbenergy.com

Gibt es da nicht bereits bessere Lösungen als große Batterieähnliche Anlagen?

regenartiver Energie ?

Hat das Zukunft ?
Regnen wird es ja immer mal

[tradenational]

aktien die null umsatz haben,tja da geht schon was.nur was?

[R-BgO]

Successfully Completes Advanced Electricity Storage Technologies Program


Market News Publishing
December 29, 2010

ZBB ENERGY CORP ("ZBB-A") - Successfully Completes Advanced Electricity Storage - Technologies Program

ZBB Energy Corporation, the leading developer of intelligent, renewable energy power platforms, announced that their ZESS 500 has been deemed a fully operational and validated success. It is installed at CSIRO's Energy Centre in Newcastle, Australia, as part of the Advanced Electricity Storage Technologies (AEST) program. This marks the completion of the 3 year contract, thus the company will recognize the final payment in this quarter's (fiscal Q2) revenue.

The objective of the AEST program was to maximize the value of renewable energy from intermittent electricity generation through the development and application of energy storage technologies. The AEST program provided funding for ZBB to install a zinc-bromine flow battery at the CSIRO Energy Centre to store solar and wind energy produced by the building's photovoltaic (PV) panels and wind turbines. The power capability of the battery is 100kW and can cover the total building load at night and during lower load periods such as weekends, with the excess stored energy capacity being exported to the electricity grid. Peak loads are met by a combination of renewable energy, battery output and grid electricity, with the ZESS 500 serving as the storage asset managed automatically using data from CSIRO's building management system.

The testing of the ZESS 500 was performed over a one year period, consisting of module testing at the ZBB Perth laboratories and system testing at the CSIRO Energy Centre.

Per the design and test criteria, the batteries automatically followed the power request from CSIRO with the ZESS output appropriately following the building management system load requirements. The testing demonstrated that ZBB's ZESS 500 flow batteries can be controlled to match the output of on-site, intermittent renewable generation and fluctuating load demands.

The complete AEST final Public Report can be found on ZBB's website, but the following is an excerpt from the findings of the report:

Power utilities can only access a limited proportion of renewable energy because most sources are intermittent and cannot be relied upon for peak loads by grid managers. Energy storage technologies such as ZBB flow batteries are one solution for managing intermittency, providing power smoothing options for utilities and for users and allowing an increased penetration of renewable energy into the grid.

The main benefits of the system are its low cost, which comes from its high energy density and ability to discharge to zero utilizing the full capacity of the system, and its long life.

The batteries increase the value of renewable energy power installations. Energy produced during the middle of the day, for example from PV solar installations, can be stored and returned later in the afternoon or evening in the peak period when solar radiation is less intense or absent, and when power prices are higher.

Energy storage systems help reduce peak demand on the electricity grid. This enables electricity distributors to meet peak demand periods more easily and ensures continuity of supply from diverse sources of energy. The use of storage can also defer the need for utilities to upgrade infrastructure spending.

The loss of electricity supply to commercial buildings and sites has costly implications from a loss in productivity or, for hospitals and government facilities, more serious consequences. Such customers may wish to pay a premium to ensure an uninterruptible supply by storing energy to provide backup power.

Zinc-bromine flow batteries can provide continuous site power when grid supply ceases for an extended period. The operational life of the batteries is not decreased by full discharge cycles: full or partial capacity can be used depending on the duration of power outages.

The use of energy storage allows customers to shift a significant part of their consumption to off-peak rates.

While there are numerous key achievements attributable to the AEST Project, it is important to note that ZBB's ZESS energy storage system operates with fully automated control, interacting with the building management system, fully participating in the energy mix of the building, which includes renewable energy, battery output and grid electricity. The AEST project has also provided ZBB the opportunity to recognize and incorporate technological advances as part of the V3 next generation ZESS products.

Geoff James, Principal Research Scientist at CSIRO, said, "Having ZBB Energy Corporation's deep-cycle flow battery at the CSIRO Energy Centre allows us to explore how energy storage can add value to grid-connected customers. We manage and monitor energy flows to and from the battery, the electricity grid, and diverse building loads and renewable energy sources on site."

"Congratulations to CSIRO, AEST, and our team in Perth, lead by Bjorn Jonshagen, for completing this challenging project on time and demonstrating how large scale energy storage enables renewable energy use and expansion," said Eric Apfelbach, CEO of ZBB Energy Corp.

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(TM)"), ZBB Energy was founded in 1998 and is headquartered in Wisconsin with offices also located in Perth, Western Australia.

[tom0503]

ZBB Energy to Deliver Advanced Energy Storage and Power Electronics Solutions to One of the

World’s Leading Solar Companies and a Major Petrochemical Producer



MILWAUKEE, WI – January 20, 2011 – ZBB Energy Corporation (NYSE AMEX: ZBB), the leading developer of intelligent, renewable energy power platforms, today announced that it has secured contracts in China to provide ZBB technology to one of the world’s leading solar companies as well as a major petrochemical producer.



ZBB CEO Eric Apfelbach said the company’s next generation energy storage and power electronics technology will provide the two manufacturers with a more clean, reliable, consistent and energy efficient power platform.

“We have found that there are many compelling needs in the China market for large scale energy storage and advanced power electronics. Our systems will enable protection from grid instability, scaling of renewable energy and a reduction in the use of diesel fueled back-up systems. The market is growing very quickly,” said Apfelbach.



The petrochemical producer will utilize ZBB’s ZESS POWR™ PECC and ZESS V3 next generation energy storage technology. The ZESS POWR™ PECC is a hybrid power system that converts any combination of wind, solar, hydro or other generating sources to independently optimize the control of each generating source while providing a ‘steady-state’ power output to the electrical loads or directly to the grid.

ZBB’s Zinc Bromide flow battery – ZESS V3 – is an advanced electrical energy storage device constructed from environmentally-friendly materials that provide for long service life and advanced performance when compared with traditional chemical batteries. ZBB technologies will be used by the petrochemical producer to ensure that consistent and reliable power is supplied to its manufacturing facility, which is experiencing poor power quality as a result of an unstable grid infrastructure. Poor power quality has become a prevalent issue in China and is growing more problematic due to the rapid growth of the country’s manufacturing sector.



The solar products company will utilize ZBB’s next generation ZESS V3 storage to demonstrate how simply ZBB technology can be integrated with renewable energy sources to ensure consistent power to the electrical load, in this case, the solar products manufacturing plant itself.



Apfelbach said more details regarding the initial orders would be made available once the commercial agreements are finalized.

[tom0503]

MILWAUKEE, Wis. – ZBB Energy Corporation (NYSE AMEX: ZBB) today announced it has acquired the Wisconsin-based power electronics firm Tier Electronics, LLC for a $1.35 million promissory note paid over 3 years, 800,000 shares of common stock and assumption of approximately $900,000 of liabilities including customer deposits of approximately $350,000. This acquisition dramatically expands ZBB’s product portfolio of state-of-the-art power management systems, customer base, and served market. In addition, the transaction is expected to be accretive to operating cash flows and more than double thecompany’s backlog and expected annual revenue. With the Tier acquisition, ZBB offers a full range of energy storage, utilization and management solutions that range from wind and solar converters to power quality, micro-grid systems and hybrid electric drives for vehicles. The resulting strategic plan will seize on expansive opportunities across the power management market and enable high growth.

[tom0503]

ZBB will host a conference call addressing the Tier acquisition on Tuesday, January 25, 2011 at 7:30 AMCentral/8:30 AM Eastern time. Mr. Apfelbach will elaborate on the acquisition for interested listeners andtake a few questions. To participate in the conference call please dial [phone], at prompt pleaseprovide the access code 22872046

[tom0503]

ZBB Energy Corporation (NYSE Amex: ZBB), a leading developer of intelligent, renewable energy power platforms, today announced it will release its financial results for the quarter ended December 31, 2010 before the financial markets open on Monday, February14, 2011.

A conference call to discuss the financial and operating results and company's outlook will be held on Monday, February 14, 2011, at 10:00 a.m. US Central (11:00 a.m. Eastern). The conference call will be hosted by Eric Apfelbach, President and CEO. A brief presentation by Mr. Apfelbach will be followed by a question and answer period.

To participate in the conference call, callers from within the United States and Canada, dial the toll free number [phone]. For international callers, dial the toll number [phone]. The conference call reference is “ZBB.”

For support during the call press *0 on your phone and a conferencing coordinator will assist you. The presentation will be posted on the Company's web site at www.zbbenergy.com following the conference call.

[tom0503]

renewable energy power platforms, today reported its results of operations for the quarter ended December 31, 2010.
Said Eric Apfelbach, CEO and President, “We continue to make steady progress on the implementation of our key
business plan objectives: (1) identifying market opportunities for our advanced electrical power management platforms,
(2) successfully winning and executing customer orders, (3) executing our aggressive product development plan to deliver
the best price-performance products in the sector and (4) ensuring we have sufficient capital resources to execute our
plan.”
Continued Mr. Apfelbach, “We are reporting a significant decrease in expenses and have continued to book new orders
that will be shipped upon completion of the V3 stack and module development, and PECC inverter certification to UL
standard 1741 for certain orders. The expected commercial launch of our redesigned V3 modules is September 2011.”
“We also completed many other activities during the quarter including a successful equity financing of $1.4 million from
new investors and certain members of our Board of Directors. This significant equity financing was priced at market, with
no warrants or investment banking fees.”
Highlights for the quarter include:
· Shipped our next-generation ZESS POWR™ battery module (V2) that will provide greater performance and
reliability than our already commercially proven product range, to University of Wisconsin Milwaukee
· Successfully completed all technical and project activities for the Advanced Electricity Storage Technologies
(“AEST”) program, and received the final payment from AEST of $184,939
· Drew down the second tranche under our $10 million Socius Securities Purchase Agreement
· Completed an equity financing of $1.435 million priced at market with no warrants or investment banking fees
· Prepared and submitted our proposed compliance plan to the NYSE Amex on January 3, 2011. Our plan was
accepted by the NYSE Amex on February 4, 2011
· Prepared and submitted our application for certification of our 48c tax credit program on January 7, 2011
· Started construction of manufacturing renovations for the new V3 production facility
· Received a purchase order and executed a letter of intent with Sunflower Wind, LLC for the purchase of multiple
units of ZBB's ZESS POWR™ PECC (Power & Energy Control Center) integrated with ZBB's ZESS 50 Zinc
Bromide advanced energy storage
· Executed an initial contract to design and deliver a hardened and transportable prototype version of ZBB's ZESS
POWR™ PECC (Power & Energy Control Center). The prototype calls for a "ruggedized and transportable"
version of the PECC, offering the ability to integrate multiple renewable energy sources for providing power in a
variety of military applications that currently rely on power derived solely from diesel generators
· Reported a strong and growing backlog
· Appointed Will Hogoboom, CPA, as the Company’s Chief Financial Officer
Continued Mr. Apfelbach, “We completed many activities during the quarter that will be highly beneficial to the Company
in the months and years to come. We are also extremely pleased with the Tier Electronics acquisition completed in
January 2011 which significantly expands our product portfolio, customer base and served market and is expected to add
significantly to revenue growth and be accretive to operating cash flows.”
Net loss was $1.8 million or $0.09 per share in the three months ended December 31, 2010, compared with $3.4 million or
$0.27 per share in the quarter ended December 31, 2009. Net loss in the latest quarter was lower due to decreases in
warranty expense, severance pay, and impairment and other equipment charges. Net loss was $3.9 million or $0.22 per
share in the six months ended December 31, 2010, compared with $4.8 million or $0.40 per share in the six months
ended December 31, 2009.
2
Our revenues for the three months ended December 31, 2010 and 2009 were $234,681 and $555,455. Revenues in the
current quarter included product revenue from the Company’s shipment to the University of Wisconsin-Milwaukee and
also included the final payment from the Commonwealth of Australia for the Advanced Electricity Storage Technologies
(“AEST”) program. Our revenues for the six months ended December 31, 2010 and 2009 were $234,681 and $1,367,368.
The decrease in product revenues for the quarter of $221,318 and for the six months of $888,044 is due to the delay in
certain orders that require PECC inverter certification to UL standard 1741. The decrease in engineering and development
revenues for this quarter and six months is due to the Company completing all final accounting and the final research
report and successfully completing the entire AEST project with the Commonwealth of Australia.
Total costs and expenses for the three months ended December 31, 2010 and 2009 were $2,029,079 and $3,906,336,
respectively. This decrease of $1,877,257 in the three months ended December 31, 2010 was primarily due to the
following:
· decreased costs of product sales of $174,127 because product shipments decreased in the quarter ended
December 31, 2010 due to the need for PECC inverter certification to UL standard 1741 for certain orders and a
decrease in cost of engineering and development revenues of $872,322 due to the completion of activities
required under the AEST contract and other engineering and development contracts during the year ended June
30, 2010; and
· increases in advanced engineering and development expenses of $445,818 primarily due to an increase in
engineering and development expense of $646,656 for an increase in engineering and development activities in
our Australian subsidiary after the completion of the AEST project and a decrease in rework expense of $203,838
related to battery stack manufacturing issues; and
· decrease in employee severance pay expense of $390,000 and decrease in fund raising expense of $120,000;
and
· decrease in impairment and other equipment charges of $780,231.
Total costs and expenses for the six months ended December 31, 2010 and 2009 were $4,033,163 and $6,169,184,
respectively. This decrease of $2,136,021 in the six months ended December 31, 2010 was primarily due to the following:
· decreased costs of product sales of $820,229 because products that shipped in the six months ended December
31, 2010 were not fully commissioned and accepted by the customer and a decrease in cost of engineering and
development revenues of $1,166,777 due to the completion of activities required under the AEST contract and
other engineering and development contracts during the year ended June 30, 2010; and
· increases in advanced engineering and development expenses of approximately $960,000 primarily due to an
increase in the Company’s engineering and development activities for its next generation battery module and the
PECC systems, less decreases in rework expense of approximately $200,000; and
· decrease in employee severance pay expense of $390,000 and decrease in fund raising expense of $120,000
· legal and accounting fees increase of approximately $130,000 related to certain accounting matters; and
· decrease in impairment and other equipment charges of $780,231
Our net loss for the three months ended December 31, 2010 decreased by $1,522,876 to $1,838,274 from the $3,361,150
net loss for the three months ended December 31, 2009, and our net loss for the six months ended December 31, 2010
decreased by $964,806 to $3,872,575 from the $4,837,381 net loss for the six months ended December 31, 2009. These
decreases in losses were primarily the result of decreases in expenses as described above.
Investor Conference Call — 10:00 a.m. Central time, Monday, February 14, 2011
A conference call to discuss the financial and operating results and the Company's outlook will be held on Monday,
February 14, 2011, at 10:00 a.m. US Central (11:00 a.m. Eastern). The conference call will be hosted by Eric Apfelbach,
President and CEO. A brief presentation by Mr. Apfelbach will be followed by a question and answer period.
To participate in the conference call, callers from within the United States and Canada, dial the toll free number (888) 567-
1602. For international callers, dial the toll number [phone]. The conference call reference is “ZBB”.
For support during a call press *0 on your phone and a conferencing coordinator will assist you. The presentation will be
posted on the Company's web site at www.zbbenergy.com following the conference call.

[tom0503]

MILWAUKEE, WI -- (Marketwire) -- 02/22/11 -- ZBB Energy Corporation (NYSE Amex: ZBB), a leading developer of intelligent, renewable energy power platforms, today announced its planned participation in various industry conferences and trade events.

ZBB energy will participate in the 6th Annual Military Energy Alternatives Conference, to take place February 23 - 25 in Washington, D.C. The program will address key topics in alternative energy including recent battery and fuel cell technology, energy storage, energy and fuel conservation, power grid capabilities, and application of available alternative energies. The event will also offer forums for discussing strategies for bolstering the existing energy infrastructure, advancing energy security, creating portable and lightweight alternative power options, and improving energy efficiency to complement mission objectives.

http://www.marcusevans.com/marcusevans-conferences-event-det…

The University of Alaska and Alaska Center for Power & Energy will host its 2011 conference on March 8 - 11 in Girdwood, AK near Anchorage. ZBB Energy will present an overview and application of its ZESS POWR? PECC and advanced energy storage solutions for 'village power' requirements. ZBB will demonstrate how its platform architecture will allow for the higher, incremental penetration of renewable energy sources for these self-contained micro-grids, greatly minimizing the use of costly diesel fuel for power production.

http://www.uaf.edu/acep/alaska-wind-diesel-applic/internatio…

Tier Electronics, a wholly owned subsidiary of ZBB Energy, will be exhibiting in Booth 1138 at the Renewable Energy World Conference & Expo on March 8 -10 in Tampa, Florida. The conference focuses on the technologies and trends on the forefront of the renewable industry's future. Tier Electronics will exhibit its semi-custom power converters, Gridland?, and Solindro? technologies. Tier's products are for alternative energy, power conversion, energy storage and power quality markets.

http://www.renewableenergyworld-events.com/index.html

ZBB Energy will exhibit at the Green Energy Summit on Mar 9 - 12, 2011 as part of the Wisconsin Energy Research Consortium which includes DRS, Northwest Side Community Development, and Helios in booths 400-401 & 500-501. The Green Energy Summit serves as both an educational event for students and for companies to learn who is who in Green Energy in Wisconsin. The Summit is to take place at the Frontier Airlines Center, Milwaukee, WI.

http://www.greenenergysummit.us

ZBB Energy will be participating in the Strong Smart Grid Week - World Leadership Forum on April 14 -18 in Beijing, China. The Forum will focus on leading the advancement for smart grid technologies in China and globally, including advanced grid operation, integration of renewable energy, energy storage, asset management, cyber security, EV charging infrastructure, eco-city, etc.

http://www.szwgroup.com/2011/strongsmartgrid/

Tier Electronics will be exhibiting their Solindro? and Alternative Energy Converter technologies in Booth 3692 at the WINDPOWER 2011 Conference and Exhibition, to be held at the Anaheim Convention Center May 22 - 25, in Anaheim, CA. Organized by the American Wind Energy Association (AWEA), WINDPOWER brings together thought leaders, industry experts, and investors to learn and collaborate on the latest industry trends.

http://www.windpowerexpo.com/

About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: ZBB) provides advanced electrical power management platforms 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 intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable zinc bromide flow batteries and other storage technology. The company also offers advanced systems to directly connect wind and solar equipment to the grid and systems that can form various levels of micro-grids. 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. 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, USA with offices also located in Perth, Western Australia.

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

[tom0503]

ZBB Energy and Honam Petrochemical Form Joint Development Partnership to Deliver Lowest Cost Flow Battery
ZBB and Honam Align to Develop and Manufacture the Best Cost-Performance Flow Battery Available, Utilizing ZBB's Zinc-Bromide Technology

MILWAUKEE, WI -- (Marketwire) -- 04/13/11 -- ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today a joint development agreement with Honam Petrochemical, a division of the Lotte Group, headquartered in Seoul, South Korea.

Honam Petrochemical Company, a billion dollar diversified producer of petrochemicals and advanced synthetic resins, has identified energy storage as a strategic priority business. Honam's due diligence in its search for a leader in the field of energy storage led them to ZBB Energy and their zinc-bromide flow battery technology, recognized as the leading commercially available flow battery.

Honam determined ZBB the ideal partner with which to align, as Honam ultimately desires to manufacture and sell ZBB's V3 Flow Battery within Korea. ZBB valued Honam's advanced materials capabilities, and recognized that leveraging its expertise in targeting ever higher performance and lower costs in the final development stages of ZBB's V3 technology would offer even greater cost and performance achievements to the V3 technology, which has been in development since January 2010 and is due to be released to manufacturing in September of this year.

Specifically, Honam and ZBB will work together to refine the materials and manufacturing process for the V3 battery in module sizes of 50kWh up to 500kWh. With Honam's position in the plastics supply chain and its strong research capability, it is expected that the two companies will quickly reach global scale production. The leading initiative for the joint development agreement calls for prototype systems to be shipped and tested at development labs in South Korea, with a Beta site then to be selected to demonstrate the V3 battery as a critical component of the Korean Smart Grid Project.

"Honam Petrochemical has identified energy storage as a priority business, so we looked to ZBB Energy to form a strategic partnership with as they are the leader in Zinc-Bromide flow battery technology. Together, we will be able to further the technical development of flow battery technology and offer the best energy storage solution for smart grid applications," said an official from Honam.

"Our collaboration with Honam will enable the global scale production and market penetration of the Zinc-Bromide flow battery by giving us access to critical supply chains, strong R&D, and a powerful channel partner," said Eric Apfelbach, CEO of ZBB Energy. "We look forward to deepening the relationship over the coming years as we grow the flow battery business in Asia. Honam and ZBB share the vision that energy storage is a 'Megatrend' opportunity as solar and wind energy reach grid parity and global scale."

Key terms of the agreement include that Honam will pay ZBB $3 million over a four-quarter period and gain non-exclusive rights to sell the V3 product in Japan, Thailand, Taiwan, Malaysia, Vietnam and Singapore. Honam will have exclusive rights to manufacture and sell the V3 within Korea. Honam will pay a royalty for jointly developed product sold outside of Korea.

About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: ZBB) provides advanced electrical power management platforms 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 intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable Zinc-Bromide flow batteries and other storage technology. The company also offers advanced systems to directly connect wind and solar equipment to the grid and systems that can form various levels of micro-grids. 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. 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, USA with offices also located in Perth, Western Australia. For more information visit 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 of 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.

[tom0503]

May 16, 2011
ZBB Energy Reports Quarterly Financial Results for March 31, 2011
Tier Acquisition Successfully Completed

MILWAUKEE, WI -- (Marketwire) -- 05/16/11 -- ZBB Energy Corporation (NYSE Amex: ZBB), a leading developer of intelligent, renewable energy power platforms, today reported its results of operations for the quarter ended March 31, 2011

"The efficient completion of the Tier acquisition by the end of the quarter was an essential milestone during the quarter for achieving our overall business plan," said Eric Apfelbach, CEO and President. "With Tier completely on-board, we now have much better control of our product development as we begin to enter our targeted commercial markets. In addition to closing Tier, we continue to grow our backlog and expand our global reach particularly into Asia. I elaborate on these and other aspects of our business plan later on in the press release."

Net loss on the basis of accounting principles generally accepted in the United States (GAAP) was $2,868,789 or $0.12 per share in the three months ended March 31, 2011, compared with $2,021,704 or $0.16 per share in the quarter ended March 31, 2010. Net loss in the latest quarter was greater due to increased expenses including Tier Electronics consolidation, acquisition and depreciation and amortization expenses of $832,000. Offsetting these costs was a $180,000 benefit recognized for a refundable research and development tax credit we expect to receive from the Australian Tax Organization (ATO) related to qualified expenditures we incurred during the nine month period ended March 31, 2011. Net loss was $6,741,364 or $0.33 per share in the nine months ended March 31, 2011, compared with $6,859,085 or $0.56 per share in the quarter ended March 31, 2010.

Revenues for the three months ended March 31, 2011 and 2010 were $205,971 and $188,780. This revenue increase resulted from power electronics products shipped during the quarter. Revenues for the nine months ended March 31, 2011 and 2010 were $440,652 and $1,556,148, respectively. The revenue difference of $1,115,496 for the nine months ending March 31, 2011 is due to the delay in certain orders that require PECC inverter certification to UL standard 1741 and an order that requires field commissioning completion. The decrease in engineering and development revenues for this quarter and for the preceding nine months is due to the Company completing the entire Advanced Electricity Storage Technologies project ("AEST") with the Commonwealth of Australia.

Total costs and expenses for the three months ended March 31, 2011 and 2010 were $3,179,828 and $2,178,498, respectively. The increase of $1,001,330 in the three months ended March 31, 2011 was primarily due to the following:

-- A net increase in cost of product sales of $221,000.
-- Consolidation, acquisition and amortization expenses of $832,000 due to
the acquisition of Tier Electronics.
-- A net increase to Advanced Engineering and Development expense of
$200,000 due to an increase in the Company's engineering and
development activities for its next generation battery module and PECC
systems.
-- Reduction of impairment and other charges of $48,000.

Total costs and expenses for the nine months ended March 31, 2011 and 2010 were $7,212,991 and $8,347,682, respectively. This decrease of $1,134,691 in the nine months ended March 31, 2011 was primarily due to the following:

-- decreased costs of product sales of $598,766 due to a decrease in
product shipments and a decrease in cost of engineering and development
revenues of $1,293,110 due to the completion of activities required
under the AEST contract during the year ended June 30, 2010 and a
decrease in other engineering and development contracts.
-- increases in advanced engineering and development expenses of
$1,492,762 primarily due to an increase in the Company's engineering
and development activities for its next generation battery module and
the PECC systems, less decreases in rework expense of approximately
$200,000.
-- $0 of impairment and other charges during the 2011 period compared to
$828,089 of costs of impairment and other charges during the 2010
period.

Stockholders' equity increased during the quarter to $3.1 million, exceeding the minimum NYSE AMEX requirement of $2.0 million. The Company's cash balance at the end of the quarter without the additional Honam funding or ATO R&D credit was $1.9 million. Current backlog exceeds $3 million.

Highlights for the quarter include:

-- Tier acquisition complete. First power electronics products shipped
during the quarter.
-- Booked first two orders from China. These orders came from a large,
global PV manufacturer and from a large industrial company both
located in China.
-- Signed the Sunpower contract announced last fall officially placing
it in backlog.
-- Completed an equity financing of $2 million priced at market with no
warrants or investment banking fees.
-- Completed our third and fourth Socius tranches pursuant to which
Socius purchased a total of $2.5 million of Series A preferred stock
and 2,491,185 shares of common stock for $3.4 million (average of
$1.38 per share).
-- UL 1741 certification in process (see below).
-- Prepared and submitted our proposed compliance plan to the NYSE Amex on
January 3, 2011. Our plan was accepted by the NYSE Amex on February 4,
2011.
-- Prepared and submitted our application for certification of our 48c
tax credit program on January 7, 2011. The current upgrade of our
facility to manufacture the V3 battery system is directly applicable
to the 48C tax credit we were awarded in 2010.

Subsequent to the end of quarter:

-- Closed a strategic partnership with Honam Petrochemical of South Korea
that includes $3 million in payments over four quarters and royalty
payments for sales. Received the first $1 million payment in April
2011.
-- ZBB Awarded Contract from Eaton Corporation to Deliver 500kWH Energy
Storage System to Fort Sill (Army)
-- Shipped the ruggedized transportable military PECC system to a major
defense contractor.
-- Determined eligibility for refundable Australian R&D credit for fiscal
year 2011 estimated to be approximately $250,000 in cash.
-- The new V3 prototype entered the test phase ahead of schedule.

"Let me add just a little more business plan color to the above list," said Eric Apfelbach, President and CEO.

-- "With the orders coming from China, we are evaluating long-term
strategies for pursuing the large potential market that exists in
China. A Company our size requires developing partnerships in China
that make sense for us as well as our Chinese partners. This
opportunity exists now and we're moving forward quickly and carefully.
-- The Tier acquisition has gone smoothly; however, the increased workload
at Tier due to UL 1741 certification priorities and additional ZBB
related orders has stretched our resources. We are hiring necessary
personnel to accelerate the power electronics development schedule.
The UL 1741 certification process is going well, however the downside
of being "first" at UL, is that it is taking longer to test and
document our system than anticipated. We expect to be able to ship the
30 kW orders related to UL 1741 certification in backlog when the
certification process is completed later this quarter or early next
quarter. This creates a bulge in our backlog situation, but not enough
to exceed our electronics or battery manufacturing capability.
Additional certification of other sizes currently in backlog will take
a bit longer. These short-term delays have not impacted order
prospects requiring UL 1741 certification.
-- The Honam partnership and the Australian R&D credit are providing
multi-million dollar alternative funding sources. These and other
non-equity funding opportunities that we are pursuing are
substantially minimizing future equity financings and shareholder
dilution.
-- We're increasingly encouraged with the quality of our sales pipeline,
particularly, the commercial segments. While we continue to work
military and government orders, the value proposition in the commercial
sectors we are targeting continues to improve due to increased use of
renewables, increased diesel fuel expense, and demand for truly smart
storage. These value propositions are significant drivers in our power
electronics and battery product development. We believe our current
product trajectory with the UL 1741 PECC and the V3 module will deliver
the industry leading storage solution.
-- Our V3 prototype is currently under test ahead of schedule."

Investor Conference Call - 10:00 a.m. Central time, Monday, May 16, 2011

A conference call to discuss the financial and operating results and company's outlook will be held on Monday, May 16, 2011, at 10:00 a.m. US Central (11:00 a.m. Eastern). The conference call will be hosted by Eric Apfelbach, President and CEO. A brief presentation by Mr. Apfelbach will be followed by a question and answer period.

To participate in the conference call, callers from within the United States and Canada, dial the toll free number [phone]. For international callers, dial the toll number [phone]. The conference call reference is "ZBB."

For support during a call press *0 on your phone and a conferencing coordinator will assist you. The presentation will be posted on the Company's web site at www.zbbenergy.com following the conference call.

About ZBB Energy Corporation

ZBB Energy Corporation (NYSE Amex: ZBB) provides advanced electrical power management platforms 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 intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable zinc bromide flow batteries and other storage technology. The company also offers advanced systems to directly connect wind and solar equipment to the grid and systems that can form various levels of micro-grids. 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. 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, USA with offices also located in Perth, Western Australia.

Safe Harbor Statement

Certain statements made in this press 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 plans and 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.

ZBB ENERGY CORPORATION
Condensed Consolidated Balance Sheets


March 31, 2011
(Unaudited) June 30, 2010
-------------- --------------
Assets
Current assets:
Cash and cash equivalents $ 1,924,537 $ 1,235,635
Accounts receivable 175,072 7,553
Inventories 1,890,089 702,536
Prepaid and other current assets 89,356 149,098
Refundable income taxes 180,000 -
-------------- --------------
Total current assets 4,259,054 2,094,822
-------------- --------------
Long-term assets:
Property, plant and equipment, net 4,099,961 3,568,823
Intangible assets, net 1,988,264 -
Goodwill 803,079 803,079
-------------- --------------
Total assets $ 11,150,358 $ 6,466,724
============== ==============

Liabilities and Shareholders' Equity
Current liabilities:
Bank loans and notes payable $ 809,352 $ 395,849
Accounts payable 1,079,034 869,179
Accrued expenses 823,800 539,100
Deferred revenues 931,241 325,792
Accrued compensation and benefits 308,422 765,106
-------------- --------------
Total current liabilities 3,951,849 2,895,026
-------------- --------------
Long-term liabilities:
Bank loans and notes payable 4,050,174 2,120,421
Total liabilities 8,002,023 5,015,447
-------------- --------------

Shareholders' equity
Series A preferred stock ($0.01 par value,
$10,000 face value) 10,000,000 authorized
355.4678 and 0 shares issued 3,626,791 -
Common stock ($0.01 par value);
150,000,000 authorized
26,787,952 and 14,915,389 shares issued 267,880 149,155
Additional paid-in capital 58,127,616 49,770,987
Notes receivable - common stock (3,620,214) -
Treasury stock - 13,833 shares (11,136) (11,136)
Accumulated other comprehensive (loss) (1,606,561) (1,563,052)
Accumulated (deficit) (53,636,041) (46,894,677)
-------------- --------------
Total shareholders' equity 3,148,335 1,451,277
-------------- --------------
Total liabilities and shareholders'
equity $ 11,150,358 $ 6,466,724
============== ==============





ZBB ENERGY CORPORATION
Condensed Consolidated Statements of Operations (Unaudited)


Three months ended Nine months ended
March 31, March 31,
-------------------------- --------------------------
2011 2010 2011 2010
------------ ------------ ------------ ------------
Revenues
Product sales and
revenues $ 205,971 $ 29,669 $ 255,713 $ 967,455
Engineering and
development
revenues - 159,111 184,939 588,693
------------ ------------ ------------ ------------
Total Revenues 205,971 188,780 440,652 1,556,148
------------ ------------ ------------ ------------

Costs and Expenses
Cost of product
sales 221,463 - 300,521 899,287
Cost of
engineering and
development
revenues - 170,594 - 1,293,110
Advanced
engineering and
development 1,311,994 735,355 2,737,849 1,245,087
Selling, general,
and
administrative 1,425,886 1,141,069 3,782,875 3,748,839
Depreciation and
amortization 220,485 83,622 391,746 333,270
Impairment and
other equipment
charges - 47,858 - 828,089
------------ ------------ ------------ ------------
Total Costs and
Expenses 3,179,828 2,178,498 7,212,991 8,347,682

------------ ------------ ------------ ------------
Loss from
Operations (2,973,857) (1,989,718) (6,772,339) (6,791,534)
------------ ------------ ------------ ------------

Other Income
(Expense)
Interest income 2,021 8,074 6,231 55,163
Interest expense (76,953) (54,261) (155,829) (117,155)
Other income
(expense) - 14,201 573 (5,559)
------------ ------------ ------------ ------------
Total Other
Income
(Expense) (74,932) (31,986) (149,025) (67,551)

------------ ------------ ------------ ------------
Loss before
provision for
Income Taxes (3,048,789) (2,021,704) (6,921,364) (6,859,085)

Provision (benefit)
for Income Taxes (180,000) - (180,000) -
------------ ------------ ------------ ------------
Net Loss $ (2,868,789) $ (2,021,704) $ (6,741,364) $ (6,859,085)
============ ============ ============ ============

Net Loss per share-
Basic and diluted $ (0.12) $ (0.16) $ (0.33) $ (0.56)

Weighted average
shares-basic and
diluted:
Basic 24,384,459 12,933,506 20,343,159 12,285,867
Diluted 24,384,459 12,933,506 20,343,159 12,285,867





ZBB ENERGY CORPORATION
Condensed Consolidated Statements of Cash Flows (Unaudited)

Nine Months Ended March 31,
--------------------------
2011 2010
------------ ------------
Cash flows from operating activities
Net loss $ (6,741,364) $ (6,859,085)
Adjustments to reconcile net loss to net cash
used in operating activities:
Depreciation of property, plant and equipment 258,088 333,270
Amortization of intangible assets 133,658 -
Change in inventory allowance - 29,699
Impairment and other equipment charges - 828,089
Stock-based compensation 602,003 303,791
Changes in assets and liabilities, net of the
effects of business acquisition
Accounts receivable 56,737 288,746
Inventories (337,621) 562,017
Prepaids and other current assets 59,742 89,410
Other receivables-interest - 19,746
Refundable income taxes (180,000) -
Accounts payable 68,853 (252,245)
Accrued compensation and benefits (140,851) 402,360
Accrued expenses 35,333 423,835
Deferred revenues 245,587 (655,819)
------------ ------------
Net cash used in operating activities (5,939,835) (4,486,186)
------------ ------------
Cash flows from investing activities
Expenditures for property and equipment (772,892) (156,284)
Acquisition of business, net of cash acquired (225,922) -
Bank certificate of deposit - 1,000,000
------------ ------------
Net cash (used in) provided by investing
activities (998,814) 843,716
------------ ------------
Cash flows from financing activities
Proceeds from bank loans and notes payable 1,300,000 156,000
Repayments of bank loans and notes payable (306,744) (342,367)
Proceeds from issuance of debenture notes
payable 517,168 -
Proceeds from issuance of Series A preferred
stock 3,030,000 -
Proceeds from issuance of common stock net of
issuance costs 3,077,582 3,777,670
Purchase of treasury stock - (11,136)
------------ ------------
Net cash provided by financing activities 7,618,006 3,580,167
------------ ------------
Effect of exchange rate changes on cash and
cash equivalents 9,545 17,444
------------ ------------
Net increase (decrease) in cash and cash
equivalents 688,902 (44,859)
Cash and cash equivalents - beginning of period 1,235,635 2,970,009
------------ ------------

Cash and cash equivalents - end of period $ 1,924,537 $ 2,925,150
============ ============

Cash paid for interest $ 126,914 $ 111,927

Supplemental schedule of non-cash investing and
financing activities:
Conversion of debenture notes payable to
Series A preferred stock $ 524,678 $ -
Issuance of common stock for discounted notes
receivable 3,529,644 -
Issuance of common stock as consideration for
equity issuance costs 683,634 -
Conversion of cash settled RSU's to stock
settled RSU's 315,833 -
Issuance of warrants for purchase of property
and equipment 11,834 -

[tom0503]

It's been a little over six months since I last addressed the shareholders at ZBB Energy's annual shareholder
meeting. I thought it might be helpful to provide a six month update on my view of the execution of the
Board's strategic plan developed last year. Briefly, that plan includes hiring top notch executives into key
positions, helping management obtain resources to develop and grow the business, encourage strategic
transactions that will accelerate product development and monetize our IP, support and guide management by
applying our experience and insights when needed and, finally, align Board priorities to match our
shareholder's priorities.
Under Eric's leadership, the Company is building a solid foundation for becoming a creditable commercial
business in a relatively short time. He and his team have (1) executed a key acquisition (Tier Electronics) that
provides substantial depth to our power electronics product development, (2) overseen an ambitious battery
development program with limited resources, and (3) executed a strategic partnership (Honam) that advances
our technology while monetizing our Intellectual Property. The team has also begun executing our product
diversification strategy into key markets with targeted power electronic products. For example, we've
developed and shipped the stand alone power electronics product, the PECC, and have proven its field
effectiveness. We now await UL certification to complete its commercialization as a grid tie converter system.
All this, while continuing to build backlog in both battery and power electronics systems.
Operationally, we still have many challenges ahead of us before we can claim to have a successful commercial
business. But we, on the Board, believe we have a solid plan and have made a good start with its execution.
As part of our plan, we've also implemented a strategic approach to fund raising. In the last six months, we've
been able to raise significant non-equity funds. In addition, we've raised, from time to time, small amounts of
equity at market prices as our team achieves key strategic and operational milestones.
Finally, we've successfully aligned Board priorities to dovetail with our investor's interests. As a Board, we've
changed our Board compensation so we receive primarily stock instead of cash. In addition, beyond our Board
compensation, we have all taken significant ownership positions in the Company. We are confident in our plan,
confident in our execution and confident we've made a solid investment.
Thank you and I look forward to seeing you at our shareholder meeting in November.
Sincerely,
Paul Koeppe
Chairman of the Board
What do you think?

[tom0503]

ZBB Energy Subsidiary Tier Electronics Receives Contract to Supply Inverters for Mid-Size Wind Energy Market
ZBB Energy Current Sales Order Backlog Exceeds $6 Million

MILWAUKEE, WI -- (Marketwire) -- 05/31/11 -- ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today that its power electronics subsidiary, Tier Electronics, LLC, secured a contract valued at more than $500,000 from Synchrotek, Inc. Tier will provide Synchrotek 100 kW inverters for use with variable speed, constant frequency permanent magnet generators to optimize the electrical output of wind turbine technology serving the mid-size wind energy market.

According to Jeff Taylor, President and CEO of Synchrotek, Inc., "Our generator technology, coupled with the Tier inverter, creates a 'matched power system' that allows us to have several output options and features not available with off-the-shelf products. We have the best size/weight to output power ratio available and maintain very high efficiencies. The power system is 'tuned' to take the maximum energy captured by the wind turbine in a variety of wind conditions and convert it to usable electricity, thereby creating a faster payback model for the end customer, benefiting everyone."

"Tier's core strength in rapidly engineering and delivering high-value products aligned with exacting customer requirements is a key component of our growth strategy. Specific to wind products, Tier has proven to be excellent at aligning their capabilities with customer's needs and delivering the best products in the mid-size market segment. This market is seeing accelerating growth and we are thrilled that Synchrotek is putting their trust in us," said Eric Apfelbach, President and CEO of ZBB Energy.

ZBB Energy also reported that it expects to recognize revenues specific to the Collaboration Agreement with Honam Petrochemical Corporation of approximately $700,000 for the quarter ending June 30, 2011, and that its current sales order backlog, including the Honam collaboration, exceeds $6 million.

About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: ZBB) provides advanced electrical power management platforms 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 intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable Zinc-Bromide flow batteries and other storage technology. The company also offers advanced systems to directly connect wind and solar equipment to the grid and systems that can form various levels of micro-grids. 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. 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, 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 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 plans and 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.

[tom0503]

Back to News Releases

Aug 12, 2011
ZBB Energy to Provide Energy Storage for US Navy Micro-Grid Project
ZBB Awarded Contract Valued at Greater Than $1 Million From the Navy to Deliver 1000kWH Energy Storage System to San Nicholas Island Utilizing Next Generation EnerSystem(TM) Technologies

MILWAUKEE, WI--(Marketwire - Aug 12, 2011) - ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today a contract from the US Navy Fleet and Industrial Supply Center, San Diego (FISCSD), with the requiring activity from the Navy. ZBB will provide a 1000kWH / 500kW-rated energy storage system for use in a micro-grid application at the San Nicolas Island Naval Facility, located in the Catalina Island group just west of Los Angeles. The system will utilize ZBB's newly branded EnerSystem™ technologies, comprised of ZBB's Power & Energy Control Center (PECC) and next generation Version 3 Zinc Bromide flow battery modules.

The contract is for the supply of equipment and services for work supported by the Office of Naval Research-Technology Insertion Program for Savings (ONR-TIPS) with the purpose of accelerated transition of new technology. During the next two years, the EnerSystem™ will be tested and certified to maintain power quality and perform load management for off peak produced power of the wind turbines and diesel electric power plant power delivery system at NOLF-SNI. The certifying body is Idaho National Laboratories. This will be the first time that an advanced energy storage system is tested with large-scale renewable sources, in conjunction with actual load management and generator plant control schemes in a micro-grid application in North America. Successful tests and certification will make available transition of this technology to more wide spread Navy use.

The ZBB EnerSystem™ will be used continuously in an ongoing operational mode to minimize diesel gen set runtime in conjunction with wind turbines and future PV arrays on the island. The base's overall system will focus on the power control for micro-grid stability, quality, and load leveling needs on the base. "We look forward to working with the Navy to showcase the capabilities of ZBB's third generation flow battery storage and integrated power electronics. This application is a great example of how cost effective power electronics and storage will deliver key integration, management and fuel saving benefits to the DoD," said Eric Apfelbach, President & CEO of ZBB Energy.

ZBB's power electronics (PECC) will be used to interconnect the flow battery modules and future renewable inputs to the existing base micro-grid and recently installed wind turbines. The ZBB Version 3 flow battery is designed to serve as an advanced electrical energy storage device, constructed from environmentally-friendly materials that provide a long service life and advanced performance when compared with traditional chemical batteries, particularly in challenging environmental and operational applications like military base micro-grids.

ZBB will work closely with the Navy in Port Hueneme, CA and the project's design and installation civilian contractor to define operational standards for advanced energy storage systems on micro-grids such as this project and for use at future naval facilities.

About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: ZBB) provides advanced electrical power management platforms 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 intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable zinc bromide flow batteries and other storage technology. The company also offers advanced systems to directly connect wind and solar equipment to the grid and systems that can form various levels of micro-grids. 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. 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, USA with offices also located in Perth, Western Australia. For more information visit www.zbbenergy.com.

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

[tom0503]

ZBB Energy Forms Joint Venture Company to Enter China's Energy Storage Market

Joint Venture Partners to Seize High Growth Energy Storage Market Opportunity in China

MILWAUKEE, WI--(Marketwire - Aug 30, 2011) - ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today it has entered into agreements for establishment of a joint venture company that will initially assemble and ultimately manufacture ZBB products for sale in the power management industry on an exclusive basis in mainland China and on a non-exclusive basis in Hong Kong and Taiwan. The new company will build a new state-of-the-art manufacturing center in WuHu City, Anhui Province that will begin operations in early 2012.

The joint venture partners comprising the China JV Company (Chinese name registration pending) include, ZBB PowerSav Holdings Limited, AnHui Xinlong Electrical Company (Xinlong Electrical) and WuHu Huarui Power Transmission & Transformation Engineering Company (WuHu Huarui).

ZBB and PowerSav have been working together since November 2010 to identify an optimal path and partnerships to enter the China market. More than 75 potential joint venture partners and 25 cities and governments were diligently screened to determine the ideal joint venture partners and a city and government very supportive of providing a location for "new energy" technology. Xinlong Electrical and WuHu Huarui met every criteria established for the joint venture partners, and the city and government of WuHu demonstrated their strong support by way of providing a host of incentives to locate in their city.

This joint venture enables ZBB to take its products into China's high growth market with exceptionally strong partners, and represents a core component of ZBB's global partnership strategy to offer the lowest cost, intelligent power management storage products available in emerging markets that offer significant growth opportunities.

Said Eric Apfelbach, CEO of ZBB Energy, "The opportunity and demand in China for our products is tremendous. Our joint venture with these three partners will enable the penetration of both our flow battery and power electronics products by giving us channel access to China's grid companies."

Key terms of the joint venture include cash and technology capital investments of approximately $13.4 million. ZBB's capital contributions to the joint venture will be a contribution of technology to the China JV Company via a license agreement valued at approximately $4.0 million. ZBB's indirect equity interest in the China JV Company will equal approximately 33%. ZBB will maintain control over the joint venture through its Board of Directors positions.

The China JV Company will have an exclusive, royalty-free license to manufacture and sell ZBB's ZESS Zinc Bromide flow battery, version three (V3) battery (50kW) and ZESS POWR PECC (up to 250kW) in mainland China and a non-exclusive royalty-free license to manufacture and distribute the products in Hong Kong and Taiwan in the power management industry.

Additionally, ZBB and the China JV Company will enter into supply agreements under which the China JV Company will purchase certain manufactured products from ZBB and ZBB may purchase certain manufactured products from the China JV Company.

Pursuant to a Management Services Agreement, ZBB PowerSav Holdings will provide certain management services to the China JV Company in exchange for a management services fee equal to five percent of net sales for the first five years and three percent of net sales for the subsequent three years.

Pursuant to a Research and Development Agreement, the China JV Company may request ZBB to provide research and development services upon commercially reasonable terms and conditions. The China JV Company would pay ZBB's fully-loaded costs and expenses incurred in providing such services.

The joint venture will be established upon governmental approvals from China, anticipated to be received in November 2011.

About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: ZBB) provides advanced electrical power management platforms 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 intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable Zinc-Bromide flow batteries and other storage technology. The company also offers advanced systems to directly connect wind and solar equipment to the grid and systems that can form various levels of micro-grids. 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. A developer and manufacturer of its modular, scalable and environmentally friendly power systems, ZBB Energy was founded in 1998 and is headquartered in Wisconsin, USA with offices also located in Perth, Western Australia. For more information, visit www.zbbenergy.com.

About Xinlong Electrical
Xinlong Electrical manufactures a wide range of power transmission and transformer equipment, including high and low-voltage power electronics, automation and control systems and power quality and conditioning systems. Xinlong Electrical is publicly traded on the Shenzhen Stock Exchange, with Registered Capital of RMB165 million. From 22 locations throughout China, Xinlong Electrical has more than 450 sales resources, as well as aftermarket field support and project integration teams serving key market segments such as State Grid and South Grid electricity and power projects, transportation, telecommunications, industrial and commercial building and manufacturing. For more information, visit www.ah-xinlong.com.

About WuHu Huarui
Wuhu Huarui is a distinct leader in the design, engineering and deployment of UHV transmission systems, major business locate in more than 20 provinces throughout China. With 2010 revenue of $100 Million, WuHu Huarui specializes in electric power transmission and substation project construction, and has strong and long established relationships with both State Grid and South Grid companies. Wuhu Huarui has municipal engineering projects, covering power electricity, roads, railways, metro transport, shipbuilding and other segments. For more information, visitwww.whhrsbd.com.

About PowerSav
PowerSav Incorporated provides vital "new energy" solutions to the China market, enabling the country to alter the energy mix to high-efficiency renewable sources and away from coal and oil. With breakthrough products in LED lighting, advanced energy storage and energy management systems, and "Smart Grid" infrastructure, PowerSav Inc. addresses many of the highest growth markets in China. The PowerSav products and services are critical to supporting the needs of China's rapidly growing population. For more information, visit www.powersav.net.

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 the risk that required governmental approvals for the joint venture are not obtained and the risk that the anticipated benefits of the joint venture will not be obtained as well as 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.

[tom0503]

ZBB Energy Reports Annual Results for Fiscal Year 2011

Increase in Revenues, Decrease in Net Loss, Stronger Balance Sheet, Sales Order Backlog Support Strong Revenue Growth in Fiscal Year 2012

MILWAUKEE, WI--(Marketwire - Sep 8, 2011) - ZBB Energy Corporation (NYSE Amex: ZBB), a leading developer of intelligent, renewable energy power platforms, today reported increased annual revenues of 16.6% and decreased net loss of $1.2 million for the fiscal year ended June 30, 2011. Net loss on the basis of accounting principles generally accepted in the United States of America (US GAAP) was $8.4 million or $0.38 per diluted share in the year ended June 30, 2011, compared with $9.6 million or $0.74 per diluted share in the year ended June 30, 2010.

Our revenues for the years ended June 30, 2011 and 2010 were $1,802,610 and $1,545,980, respectively. This increase of $256,630 was due primarily to the inclusion of $772,929 of revenue from the Tier Electronics business which we acquired in January 2011. In the year ended June 30, 2011, commercial product sales revenues declined by $49,784 and engineering and development revenues increased by $306,414 as compared to the year ended June 30, 2010. The decrease in commercial product sales revenues is primarily the result of delays in certain orders due to the need for PECC inverter certification to UL standard 1741 and an order that requires field commissioning completion. The increase in engineering and development revenues was due to the commencement of the Collaboration Agreement with Honam Petrochemical in April 2011.

Total costs and expenses for the years ended June 30, 2011 and 2010 were $10,623,113 and $11,057,919, respectively. This decrease of $434,806 in the year ended June 30, 2011 was primarily due to the following:

A decrease in costs of product sales of $331,362 due to a decrease in product shipments, a decrease in the cost of engineering and development of $1,299,584 due to the completion of activities required under the AEST contract during the year ended June 30, 2010 and a decrease in other engineering and development contracts;
A $1,185,121 increase in advanced engineering and development expenses primarily due to an increase in the Company's engineering and development activities for its next generation battery module and PECC systems;
$219,213 of impairment and other equipment charges during fiscal year 2011 compared to $903,305 of impairment and other equipment charges during fiscal year 2010;
An increase of $459,976 in selling, general and administrative expenses due to the inclusion of Tier Electronics' selling, general and administrative expenses of $571,000 partially offset by a decrease in the Company expenses principally comprised of fundraising, consulting and promotional fees; and
A $235,135 increase in depreciation and amortization expenses due to the amortization of intangible assets related to the Tier acquisition beginning in January 2011.
Other expenses for the year ended June 30, 2011 and 2010 consisted primarily of interest expenses of $217,810 and $149,521, respectively.

Our net loss for the year ended June 30, 2011 decreased by $1,157,820 to $8,449,006 from the $9,606,826 net loss for the year ended June 30, 2010. This decrease in loss was primarily the result of the decreases in expenses and the increase in revenues as described above and the benefit of recognizing $579,955 of refundable income tax credits. The income tax credits recognized during fiscal 2011 were $164,640 and $415,315, for research and development expenditures incurred in Australia during the years ended June 30, 2011 and 2010, respectively.

Shareholders' equity increased during the fourth quarter to $4.15 million as of June 30, 2011, exceeding the minimum NYSE AMEX requirement of $4.0 million. The Company's cash balance as of June 30, 2011 was $2.9 million. Current backlog as of September 8, 2011 exceeds $7.0 million.

During fiscal year 2011, the Company's major accomplishments include:

Tier acquisition providing substantial depth to our power electronics product development
Honam $3 million development agreement
Commencement of Power Electronics Control Center (PECC) UL certification
Completion of V3 engineering and design, and commencement of build-out for V3 production facility
Developed and shipped stand alone commercial PECC system
IRS Certification of 48c $15 million tax credit
Executed capital raising strategy minimizing shareholder dilution
Received $1.3 million debt funding from State of Wisconsin
China joint venture as announced August 30, 2011
Applied for and received a refundable research and development tax credit in Australia of $.6 million

"We believe fiscal 2012 is an inflection point for the Company. Our product launch of the Tier designed UL certified PECC electronics and the completion of the V3 product launch this fall are expected to set the stage for meaningful revenue growth in fiscal 2012. We entered fiscal year 2012 with over $5.2 million in backlog and have continued to add a number of orders to the backlog during the first quarter of the 2012 fiscal year with a total current backlog of $7 million. In addition, the quality and quantity of opportunities in our sales funnel have never looked better," said Eric Apfelbach, President and CEO.

"ZBB began to unveil some key components of our global market strategy this year. Geographies like China, India and South Korea not only offer the strategic intent to deploy our products, but also provide financing opportunities and strong market drivers. We anticipate that our announced and developing partnerships in these key growth markets will enable us to enter these markets in an effective manner while leveraging the lowest cost manufacturing and supply chains."

Investor Conference Call -- 10:00 a.m. Central time, Thursday, September 8, 2011

A conference call to discuss the financial and operating results and company's outlook will be held on Thursday, September 8, 2011, at 10:00 a.m. US Central (11:00 a.m. Eastern). The conference call will be hosted by Eric Apfelbach, President and CEO. A brief presentation by Mr. Apfelbach will be followed by a question and answer period.

To participate in the conference call, callers from within the United States and Canada, dial the toll free number [phone]. For international callers, dial the toll number [phone]. The conference call participant code is 1977774.

For support during the call press *0 on your phone and a conferencing coordinator will assist you.

The conference call will be simulcast live on the internet at www.zbbenergy.com, then click on 'Investor Relations' and then 'Investor Presentations' or through this link http://www.visualwebcaster.com/event.asp?id=81961. A replay will be available for 90 days.

A telephonic replay of the presentation will be available following the conference call through September 30, 2011. For callers within the United States and Canada dial the toll free number [phone]. For international callers, dial the toll number [phone]. The replay pass code is 1977774.

About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: ZBB) provides advanced electrical power management platforms 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 intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable zinc bromide flow batteries and other storage technology. The company also offers advanced systems to directly connect wind and solar equipment to the grid and systems that can form various levels of micro-grids. 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. 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, USA with offices also located in Perth, Western Australia. For more information, visit: http://www.zbbenergy.com

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.

ZBB ENERGY CORPORATION
Condensed Consolidated Balance Sheets (Unaudited)


June 30, 2011 June 30, 2010
Assets
Current assets:
Cash and cash equivalents $ 2,910,595 $ 1,235,635
Accounts receivable, net 171,622 7,553
Inventories 1,662,850 702,536
Prepaid and other current assets 56,462 149,098
Refundable income tax credit 164,640 -
Total current assets 4,966,169 2,094,822
Long-term assets:
Property, plant and equipment, net 4,766,871 3,568,823
Intangible assets, net 1,811,507 -
Goodwill 803,079 803,079
Total assets $ 12,347,626 $ 6,466,724

Liabilities and Shareholders' Equity
Current liabilities:
Bank loans and notes payable $ 779,088 $ 395,849
Accounts payable 961,221 869,179
Accrued expenses 695,273 539,100
Deferred revenues 1,528,482 325,792
Accrued compensation and benefits 289,996 765,106
Total current liabilities 4,254,060 2,895,026
Long-term liabilities:
Bank loans and notes payable 3,937,056 2,120,421
Total liabilities 8,191,116 5,015,447

Shareholders' equity
Series A preferred stock ($0.01 par value, $10,000 face value) 10,000,000 authorized, preference in liquidation of $3,715,470 as of June 30, 2011, 355.4678 and 0 shares issued
3,715,470
-
Common stock ($0.01 par value); 150,000,000 authorized 29,912,415 and 14,915,389 shares issued 299,124 149,155
Additional paid-in capital 60,777,286 49,770,987
Notes receivable - common stock (3,707,799 ) -
Treasury stock - 13,833 shares (11,136 ) (11,136 )
Accumulated other comprehensive loss (1,572,752 ) (1,563,052 )
Accumulated deficit (55,343,683 ) (46,894,677 )
Total shareholders' equity 4,156,510 1,451,277
Total liabilities and shareholders' equity $ 12,347,626 $ 6,466,724


ZBB ENERGY CORPORATION
Consolidated Statements of Operations

Year ended June 30,
2011 2010
Revenues
Product sales $ 917,671 $ 967,455
Engineering and development 884,939 578,525
Total Revenues 1,802,610 1,545,980

Costs and Expenses
Cost of product sales 567,925 899,287
Cost of engineering and development 536,715 1,836,299
Advanced engineering and development 3,424,260 2,239,139
Selling, general, and administrative 5,215,568 4,755,592
Depreciation and amortization 659,432 424,297
Impairment and other equipment charges 219,213 903,305
Total Costs and Expenses 10,623,113 11,057,919

Loss from Operations (8,820,503 ) (9,511,939 )

Other Income (Expense)
Interest income 8,779 60,193
Interest expense (217,810 ) (149,521 )
Other income (expense) 573 (5,559 )
Total Other Income (Expense) (208,458 ) (94,887 )

Loss before provision (benefit) for Income Taxes (9,028,961 ) (9,606,826 )

Provision (benefit) for Income Taxes (579,955 ) -
Net Loss $ (8,449,006 ) $ (9,606,826 )

Net Loss per share-
Basic and diluted $ (0.38 ) $ (0.74 )

Weighted average shares-basic and diluted:
Basic 22,068,311 12,924,362
Diluted 22,068,311 12,924,362


ZBB ENERGY CORPORATION
Consolidated Statements of Cash Flows

Year ended June 30,
2011 2010
Cash flows from operating activities
Net loss $ (8,449,006 ) $ (9,606,826 )
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property, plant and equipment 349,017 424,297
Bad debt provision 80,000 -
Inventory obsolescence 53,000 158,899
Amortization of intangible assets 310,415 -
Impairment and other equipment charges 219,313 903,305
Stock-based compensation 866,512 527,439
Changes in assets and liabilities, net of the effects of business acquisition
Accounts receivable (19,813 ) 606,601
Inventories (163,382 ) 725,678
Prepaids and other current assets 92,636 (5,925 )
Other receivables-interest - 19,746
Refundable income taxes (164,640 ) -
Accounts payable (48,960 ) 42,178
Accrued compensation and benefits (159,277 ) 613,265
Accrued expenses (59,385 ) 544,551
Deferred revenues 842,828 (802,747 )
Net cash used in operating activities (6,250,742 ) (5,849,539 )
Cash flows from investing activities
Expenditures for property and equipment (1,750,044 ) (318,245 )
Acquisition of business, net of cash acquired (225,922 ) -
Bank certificate of deposit - 1,000,000
Net cash (used in) provided by investing activities (1,975,966 ) 681,755
Cash flows from financing activities
Proceeds from bank loans and notes payable 1,300,000 156,000
Repayments of bank loans and notes payable (450,126 ) (456,203 )
Proceeds from issuance of debenture notes payable 517,168 -
Proceeds from issuance of Series A preferred stock 3,030,000 -
Proceeds from issuance of common stock, net of issuance costs 5,495,081 3,737,442
Purchase of treasury shares - (11,136 )
Net cash provided by financing activities 9,892,123 3,426,103
Effect of exchange rate changes on cash and cash equivalents 9,545 7,307
Net increase (decrease) in cash and cash equivalents 1,674,960 (1,734,374 )
Cash and cash equivalents - beginning of year 1,235,635 2,970,009

Cash and cash equivalents - end of year $ 2,910,595 $ 1,235,635

Cash paid for interest $ 188,895 $ 111,927
Cash received for income tax credit 634,835 -

[tom0503]

Sep 16, 2011
ZBB Awarded Contract From Utility for Grid Interactive Commercial Application

Utility to Install ZBB EnerSystem(TM) Integrated Power Management and Energy Storage Platform at Major Sporting Venue to Integrate Solar and Electric Vehicle Charging Station

MILWAUKEE, WI--(Marketwire - Sep 16, 2011) - ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today a contract from a major utility to provide an energy system for use in a grid interactive (grid-tied) application utilizing the ZBB EnerSystem™ integrated power management and energy storage platform.

A US investor-owned utility company has ordered the new ZBB EnerStore™ V3 Zinc-bromide flow battery and a 25 kW inverter to be integrated with PV (solar) and fast-charge electric vehicle charging while connected to the grid to provide a continuous supply of energy and optimize the interconnected resources. The company will be using the system to demonstrate and promote renewable energy technologies at a major sporting venue as part of a public awareness campaign, and will have this installation serve as a template for future large, commercial customer sites across their service region for integrated PV and EV charging system requirements. The installation is targeted for completion by the end of 2011.

"This installation will be great example of how ZBB's smart storage can be used by utilities to optimize the integration of renewables, storage, car chargers and the grid," said Eric Apfelbach, President & CEO of ZBB Energy.

About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: ZBB) provides advanced electrical power management platforms 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 intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable zinc bromide flow batteries and other storage technology. The company also offers advanced systems to directly connect wind and solar equipment to the grid and systems that can form various levels of micro-grids. 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. A developer and manufacturer of its modular, scalable and environmentally friendly power systems ("ZBB EnerStore™," ZBB EnerSection™, ZBB EnerSystem™), ZBB Energy was founded in 1998 and is headquartered in Wisconsin, USA with offices also located in Perth, Western Australia. For more information, visit: http://www.zbbenergy.com

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.

[tom0503]

ZBB to Deliver Energy System for Large Commercial Building Project Utilizing Its ZBB EnerSystem(TM) Integrated Power Management Platform

MILWAUKEE, WI--(Marketwire - Oct 12, 2011) - ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today a contract from a major commercial end user to provide an energy system for use in grid interactive (grid-tied) applications utilizing the ZBB EnerSystem™ integrated power management and energy storage platform. ZBB's grid-syncing architecture allows for direct power flows to and from the grid based on demand response, load management and supply shifts, regardless of the connected renewable supply.

ZBB is working with a large public sector renewable energy integrator of military and civilian projects to develop a smart commercial building platform that will integrate multiple energy storage devices with PV and a conventional generator. This commercial building installation will also supply continuous power to critical (AC and DC) loads such as LED lighting, HVAC systems, security and telecom equipment, motor and regeneration power for elevators, and EV level 3 fast charging stations.

"This order is further validation that ZBB's platform has the potential to be rapidly adopted by large users in high growth segments," said Eric Apfelbach, President & CEO of ZBB Energy. "The forecasts for building-level micro grids are very strong and the ZBB EnerSection™ is the only plug-and-play, turnkey solution. By offering integrated management with smart storage, ZBB can harvest all available value streams and improve the reliability of power."

About ZBB Energy Corporation
ZBB Energy Corporation (NYSE Amex: ZBB) provides advanced electrical power management platforms 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 intelligent power management platforms that directly integrate multiple renewable and conventional onsite generation sources with rechargeable zinc bromide flow batteries and other storage technology. The company also offers advanced systems to directly connect wind and solar equipment to the grid and systems that can form various levels of micro-grids. 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. 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, USA with offices also located in Perth, Western Australia. For more information, visit: http://www.zbbenergy.com

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.

[tom0503]

Back to News Releases

Oct 31, 2011
ZBB Energy and Honam Petrochemical Ship ZBB EnerSystem(TM) 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.

[tom0503]

ZBB Energy Strengthens Sales and Support Organization With Key Hires

Comprehensive Team Being Organized to Execute Global Growth Strategy

MILWAUKEE, WI--(Marketwire - Nov 7, 2011) - ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today a number of key hires to support the execution of their global growth strategy. Nearly every functional area has added personnel in the last several months, with a number of additions to engineering, field support, sales and marketing.

Most recently, Mr. Dan Nordloh, who since June 2010 has served as Vice President - Sales & Marketing, was appointed Executive Vice President - Global Business Development. Mr. Nordloh is responsible for the evolution and execution of ZBB's global growth strategy, and will serve a very active role on the Board of Directors of Anhui Meineng, ZBB's joint venture company in China. Additionally, Mr. Nordloh will lead all initiatives to enter emerging foreign markets and identify and align with prospective strategic partners offering complementary channel, finance, technology, and/or supply chain capabilities.

Mr. Tim Martin has been appointed Vice President - Sales and Marketing North America, reporting to Mr. Nordloh. Mr. Martin comes to ZBB with over 20 years of global success in technology-based sales and team development, including more than 12 years in the power conversion and energy storage industries. Mr. Martin spent over 10 years with American Power Conversion (APC - now part of Schneider Electric) in a number of senior leadership, management, and technical sales roles. He began his career with APC based in the US, where he was initially responsible for growing and accelerating channel and partner sales. Mr. Martin then became responsible for sales to key Enterprise/Fortune 500 strategic accounts, and was ultimately promoted to APC's Asia-Pacific market access group. As Asia-Pacific Sales Manager, he was charged with leading, coaching, and mentoring APC's distributor, power VAR, reseller, and OEM sales teams in 14 countries, including China, India, Japan, and Korea. After that, as Director, Enterprise Services Group (ESG), Mr. Martin began building the company's enterprise and large accounts ESG business unit throughout the entire Asia-Pacific region. Later, he was promoted to Director of Training and Development, Asia-Pacific, where he was responsible for overall team execution and transferring global business best practices from APC's North American, LAM (Latin America), and EMEA (Europe, Middle East, and Africa) units.

Ms. Catherine Sullivan has been appointed Sales Representative - Energy Storage Solutions North America, and will be responsible for sales and business development in North America, with a focus on California, Hawaii, Arizona and Texas. Ms. Sullivan brings more than 20 years of sales and management experience serving the energy and utility markets with organizations such as Commerce Energy, Coral Energy, Southern Company and Enron. Most recently, Ms. Sullivan served as Vice President - Sales for Ice Energy, a thermal energy storage company.

Mr. Chris Kuhl has served as Sales Application Engineer for nearly three years, and has played an integral role in configuring the solutions that have resulted in ZBB securing the numerous contracts that presently comprise ZBB's record order backlog. Mr. Kuhl is presently charged with building a team of sales, engineering and customer support resources, and leading the group in the support of customers, partners and sales resources.

Additionally, within the last 6 months, ZBB has added, and is training, 10 engineering and field support employees, as well as 14 manufacturing employees and contractors in preparation for release to manufacturing the ZBB EnerStore™ V3 flow battery and pending UL Certification of the ZBB EnerSection™ power and energy control center.

"Because our product designs and manufacturing capability have been structured for rapid scaling, we are well positioned to accommodate the increased orders we expect this team to generate," said Eric Apfelbach, President and CEO.

[tom0503]

ZBB Energy Announces First Quarter 2012 Earnings Conference Call

November 14, 2011 10:00 AM CST

MILWAUKEE, WI--(Marketwire - Nov 7, 2011) - ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today it will release its financial results for the quarter ended September 2011 before the financial markets open on Monday, November 14, 2011.

A conference call to discuss the financial and operating results and company's outlook will be held on Monday, November 14, 2011, at 10:00 a.m. US Central (11:00 a.m. Eastern). The conference call will be hosted by Eric Apfelbach, President and CEO. A brief presentation by Mr. Apfelbach will be followed by a question and answer period.

To participate in the conference call, callers from within the United States and Canada, dial the toll free number [phone]. For international callers, dial the toll number [phone]. The conference call participant code is 6519384.

For support during the call press *0 on your phone and a conferencing coordinator will assist you.

The conference call will be simulcast live on the internet at www.zbbenergy.com, then click on 'Investor Relations' and then 'Investor Presentations' or through this link http://www.visualwebcaster.com/event.asp?id=83675. A replay will be available for 90 days.

A telephonic replay of the presentation will be available following the conference call through December 15, 2011. For callers within the United States and Canada dial the toll free number [phone]. For international callers, dial the toll number [phone]. The replay pass code is 6519384.

[tom0503]

ZBB Energy Names Charles Stankiewicz Executive Vice President of Operations

Appointment to ZBB Board of Directors

MILWAUKEE, WI--(Marketwire - Nov 9, 2011) - ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today the appointment of Charles (Chuck) Stankiewicz to the position of Executive Vice President of Operations and to the Board of Directors of ZBB Energy Corporation.

In his role as ZBB's Executive Vice President of Operations, Mr. Stankiewicz will assume full responsibility for all operations and engineering including manufacturing, research and development, and product development.

"We are excited to have such a savvy leader join our management team and board of directors," said Eric Apfelbach, CEO and President of ZBB Energy. "Chuck's expertise and experience at scaling operations is exactly the type of skill set we need at this stage of ZBB's development. He is an exceptional growth leader with a proven track record making him a perfect fit for the direction ZBB is headed. His experience in China is also a huge plus."

"ZBB has a solid foundation for executing its growth plans in energy storage and smart power electronics," said Chuck Stankiewicz. "I look forward to working with ZBB Energy to help take the company to the next level."

Previously Mr. Stankiewicz held a number of executive level positions at American Superconductor Corporation. He was most recently Executive Vice President of AMSC Power Systems, a division of American Superconductor Corp., based in Middleton and New Berlin, Wisconsin with operations in Europe and China. During his tenure at American Superconductor, he grew the Power Systems group from virtually no revenue to several hundred million in revenues, contributing the majority of American Superconductor's revenues and earnings over the past few years. Prior to working at American Superconductor, Mr. Stankiewicz worked in a variety of technical and business management positions at Westinghouse Electric Corporation and Asea Brown Boveri (ABB) where he was the Vice President of Power Development.

Mr. Stankiewicz was awarded inducement options to purchase a total of 500,000 shares of the Company's common stock. 100,000 of these options will vest based on the achievement of certain performance targets. The remaining 400,000 of these options will vest over three years.

Mr. Stankiewicz graduated from Duke University with a Bachelor of Science Degree.

[tom0503]

Back to News Releases

Nov 14, 2011
ZBB Energy Reports Quarterly Results for First Quarter Fiscal Year 2012
Quarterly Revenues Jump on Honam Revenues and Product Sales: Earnings Loss Narrows

MILWAUKEE, WI--(Marketwire - Nov 14, 2011) - ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, today reported increased quarterly revenues of $1,637,857 compared to $0 for the same quarter last year and also compared to $1,802,610 for the entire year ended June 30, 2011. This increase of $1,637,857 was the result of a $266,107 increase in commercial product sales and revenues and a $1,411,750 increase in engineering and development revenues as compared to the three months ended September 30, 2010. The increase in commercial product sales and revenues consisted of sales attributable to our Tier Electronics Power Conversion Systems business, which we acquired in January 2011. Engineering and development revenues for the 2011 period consisted primarily of revenue recognized under the Honam Collaboration agreement which is being recognized over the estimated performance period.

Our net loss for the three months ended September 30, 2011 decreased by $358,854 to $1,675,448 from the $2,034,302 net loss for the three months ended September 30, 2010.

Total costs and expenses for the three months ended September 30, 2011 and 2010 were $3,334,339 and $2,004,085, respectively. This increase of $1,330,254 in the three months ended September 30, 2011 was primarily due to the following factors:

$156,671 of costs of product sales during the 2011 period compared to $0 of costs of products sales during the 2010 period;
$481,107 of costs of engineering and development revenues during the 2011 period compared to $0 of costs of engineering and development revenues during the 2010 period;
Decrease in advanced engineering and development expenses of approximately $139,890 due to a decrease in the Company's engineering and development activities for its next generation battery module and PECC systems;
Increase in selling, general, and administrative expenses of $599,268 due primarily to the inclusion of $280,000 related to Tier Electronics in the 2011 period, and increases in legal fees related to the China Joint Venture and stock-based compensation of $135,000 and $100,000, respectively;
Increase in depreciation and amortization expenses of $233,098 primarily due to the amortization of intangible assets related to the Tier acquisition beginning in January 2011;
Other expenses for the three months ended September 30, 2011 and 2010 consisted primarily of interest expenses of $59,668 and $32,007, respectively; and
During the three months ended September 30, 2011, we recorded a $70,000 benefit for income taxes which represents a pro rata estimate of a refundable research and development tax credit we expect to receive from the government of Australia for the fiscal year ending June 30, 2012 related to the qualified expenditures we incurred during the three months ended September 30, 2011.
Shareholders' equity was $4.14 million as of September 30, 2011, exceeding the minimum NYSE AMEX requirement of $4.0 million. The Company's cash balance as of September 30, 2011 was $1.9 million. Cash for funding operations, inventory and capital expenditures will continue to come from down payments on orders, product shipments, strategic partnerships, cash payments on tax credits and limited use of equity capital.

Current backlog as of November 14, 2011 was $5.7 million. We continue to close sales orders and add additional orders to our backlog.

During the three months ended September 30, 2011, the Company's major accomplishments include:

China Joint Venture Definitive Agreement Executed
U.S. Navy Micro-grid Order Closed
Illinois Institute of Technology Order Closed
Data Center Micro-grid Order Closed
PECC (ZBB EnerSection™) Patent Issued
Utility Grid Order Closed
Completed V3 (ZBB Enerstore™) product development milestone under the Honam development agreement, resulting in $1.2 million of revenue
Key events subsequent to the end of the quarter include:

Closed Smart Building Application Order
Closed Honam V2 Order and Shipped Unit October 31, 2011
Chuck Stankiewicz Joins the Company and The Board of Directors November 9, 2011
James Ozanne Joins the Board of Directors November 9, 2011
Collected $1.2 milestone payment due under the Honam development agreement October 10, 2011
Completed testing of 25kW inverter for UL 1741 and IEEE 1547 compliance
Eric Apfelbach, CEO and President, said, "As we near commercialization of our key products, the pace of execution is rapidly increasing, as you can see from the completed milestones during the quarter and subsequent to the end of the quarter. We expect that pace to continue accelerating as we move into the start of our product shipments and the start of product revenue generation."

Investor Conference Call - 10:00 a.m. Central time, Monday, November 14, 2011

A conference call to discuss the financial and operating results and company's outlook will be held on Monday, November 14, 2011, at 10:00 a.m. US Central (11:00 a.m. Eastern). The conference call will be hosted by Eric Apfelbach, President and CEO. A brief presentation by Mr. Apfelbach will be followed by a question and answer period.

To participate in the conference call, callers from within the United States and Canada, dial the toll free number [phone]. For international callers, dial the toll number [phone]. The conference call participant code is 6519384.

For support during the call press *0 on your phone and a conferencing coordinator will assist you.

The conference call will be simulcast live on the internet at www.zbbenergy.com, then click on 'Investor Relations' and then 'Investor Presentations' or through this link http://www.visualwebcaster.com/event.asp?id=83675. A replay will be available for 90 days.

A telephonic replay of the presentation will be available following the conference call through December 15, 2011. For callers within the United States and Canada dial the toll free number [phone]. For international callers, dial the toll number [phone]. The replay pass code is 6519384.

[tom0503]

MILWAUKEE, WI--(Marketwire - Dec 15, 2011) - ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today that it has signed a joint development and license agreement and a stock purchase agreement with a major global technology company to jointly develop flow batteries. The objective of the project is to develop low cost, high energy density grid scale flow battery stacks and systems that could lead to a significant cost reduction for grid level storage.

The strategic partner is investing $800,000 to fund the first phases of the joint development project and purchasing $700,000 of ZBB common stock at market price. This equity investment is part of a $1.8 million financing round involving additional investors.

Because of ZBB's experience with cell design, design for manufacturability, materials of construction and battery operation, the partners are targeting a significant acceleration of the development timeline. The majority of the work will be done at ZBB's headquarters in Menomonee Falls, WI and is expected to begin in early January 2012.

"ZBB is very excited to team up with a highly respected global technology leader and continue to lead in flow battery development. We have true technology synergy, and the partnership enables us to expand our product capability in a way that couldn't be done without such a strong financial partner. If the development hits its targets, the attributes of this new battery could offer significant advantages in some of ZBB's existing markets. I believe this initial agreement is the beginning of a very strong partnership that has the potential to achieve cost effective grid scale storage which will enable renewable use and a smarter grid," said Eric Apfelbach, President and CEO of ZBB Energy Corporation.

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

[tom0503]

ZBB Energy Corporation Chosen by LEMA Construction for Florida Solar Park Project

ZBB to Deliver Grid Interactive Renewable Energy and Hybrid Energy Storage System for City of St. Petersburg

MILWAUKEE, WI--(Marketwire - Dec 22, 2011) - ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today an order from LEMA Construction and Developers, Inc. to provide a Smart Grid Integrated Renewable Energy and Hybrid Energy Storage System to the City of St. Petersburg, Florida Parks Department. The funding for this and the other sites in the overall Solar Parks program came from both City sources and from a 2009 Federally Funded Omnibus Appropriations bill.

The ZBB EnerSystem™ includes the ZBB EnerSection™ power and energy control center, a ZBB EnerStore™ 50kWh Zinc-bromide flow battery module and customer-provided lead acid batteries. The ZBB EnerSection provides a completely integrated energy management platform ready for interconnection to a range of configurable energy sources including PV and other power outputs. This system will be used for load management and peak shaving while providing continuous power and energy regulation supply while connected to the grid. The installation is targeted for completion in Spring 2012.

"LEMA Construction was selected in a competitive bid to furnish and install the ZBB EnerSystem at one location as a demonstration of how multiple types of energy storage units can be used by the City to offset the location's demand charges. As demand charges fluctuate by time of year, a hybrid of storage is needed to compensate for the natural variability of PV. We will work with the consulting engineer, the City's staff and ZBB to determine an optimal use of both energy storage types with the PV to produce a tangible economic result for the City and provide a potentially replicable model for other sites and customers," said Skip Wilkinson, project manager at LEMA Construction.

"This type of 'smart' distributed micro-grid application is another example of how ZBB Energy can optimize grid interactive power flows across our standard integration platform regardless of the energy storage type," said Eric Apfelbach, President and CEO of ZBB Energy. "With its open architecture, the ZBB EnerSection gives customers the flexibility to interconnect their energy resources in any given application and operating environment."

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 LEMA Construction
LEMA Construction is an independent general contracting company. The Company specializes in the construction of tilt-up shells, warehouses, service centers, office buildings, shopping centers, light manufacturing buildings, medical and interior finish work. LEMA Construction's objective is to provide expert technical insight and construction management skills to the commercial, industrial and retail market and superior construction based on attention to detail and a commitment to quality. For more information, visit: http://lemaconstructiontemp.com/

[CloudMOD [Mod]]

Für eine aktuelle Diskussion reaktiert

[cash_is_king]

Danke für das Wiederbeleben, CloudMOD.

Seit Eröffnung des Threads ist hier einiges passiert. Die techn. Entwicklung ging deutlich voran und trotz der KE im März hat der Kurs deutlich zugelegt.

Ist hier sonst noch jemand investiert? Ich bin seit kurzem mit einer kleinen Position dabei.

[gerdass]

http://ih.advfn.com/p.php?pid=staticchart&s=A%5EZBB&p=0&t=19…

[gerdass]

9 mal "Strong Buy"

[gerdass]

http://www.zbbenergy.com/products/hybrid-vehicle-power-contr…

[gerdass]

http://www.zbbenergy.com/video

[Roman95]

Und wie alt sind deine "Strong Buy" und von wem ;-)

[gerdass]

http://ih.advfn.com/p.php?pid=nmona&article=61699672

[cash_is_king]

Endlich kennt der Kurs auch mal eine andere Richtung...

Kommentar bei Seeking Alpha:
http://seekingalpha.com/article/139375-zbb-energy-corp-seeks…

[cash_is_king]

Umsatz erhöht, Verllust verringert, aber für schwache Nerven ist das hier trotzdem nichts. :-)

http://zbbenergy.mwnewsroom.com/press-releases/zbb-energy-co…

[cash_is_king]

ZBB Energy Signs Power Purchase Agreement With 350+ Unit Condominium Complex in Honolulu

http://zbbenergy.mwnewsroom.com/press-releases/zbb-energy-si…

[cash_is_king]

ZBB Energy and Solar Power, Inc. (SPI) Announce Global Strategic Partnership With an Initial Supply Agreement Valued at Between $80 Million and $120 Million

http://zbbenergy.mwnewsroom.com/press-releases/zbb-energy-an…

[cash_is_king]

ZBB Energy Secures Energy Management and Storage System Contract for Cayman Islands Commercial Property

http://zbbenergy.mwnewsroom.com/press-releases/zbb-energy-se…