Scottsdale, Arizona 10/24/2008 2:13:33 AM
News / Finance

ZBB Energy Corp (ZBB) Signs Distribution Agreement to Energize Australia and New Zealand

www.QualityStocks.Net would like to highlight ZBB Energy Corp. (AMEX: ZBB). The company develops and manufactures distributed energy storage solutions based on the Company's proprietary environmentally friendly, zinc rechargeable electrical energy storage technology. The unique modular construction of the Company's core 50 kWh product enables ZBB's fuel cell type energy storage system to be sized and packaged as products (ZESS 50(TM), ZESS 500(TM)) as well as a fully customized, large format, energy storage system. This scalable, mobile system is ideally suited for large market applications.

 

In the company’s news yesterday,

 

ZBB Energy Corporation announced that it has entered into a sales distribution agreement with Zest Energy Pty Ltd. Zest will be responsible for the marketing, selling, and distribution of the ZBB products throughout Australia and New Zealand.

 

Based in Australia, Zest focuses on providing energy storage systems that use regenerative fuel cells to technology suppliers, property developers, and utility companies. Zest works with its clients to design and install the storage systems that reduce energy costs and provide supplemental energy during peak demand periods. The company educates businesses that diesel or gas generators are no longer needed and that renewable energy generation is a viable and eco-friendly option.

 

ZBB manufacturers and ships its two base products, ZESS 50™ and ZESS 500™, from its Menomonee Falls facility in Wisconsin. The modular design of the core 50 kWH products allows ZBB to customize its base products for a fully customized, large format, energy storage system for businesses of any size.

 

Professor Tony Vassalo, co-director of Zest, stated, “Energy storage will become an integral component of distributed energy systems and we are very pleased to be able to work with ZBB Energy Corporation in facilitating the uptake of this technology in Australia and New Zealand.”

 

Managing Director Jon Pemberton added, “…distributed energy storage is poised to change the way we use electricity and has been described as a ‘disruptive technology.’ As energy prices escalate because of emissions, network constraints and rising fuel prices, energy storage will play a unique role in better utilizing existing generation and distribution assets and facilitating the introduction of renewable energy technologies. We believe that energy storage, and regenerative fuel cells in particular, will provide new opportunities for distributors, renewable generators, developers and systems integrators to meet the challenges of building a new, low emission, high efficiency energy network. We are proud to be associated with ZBB, whom we consider to be the leader in such energy storage and look forward to introducing the ZESS product to our markets.”

 

Kevin Dennis, Sales and Marketing VP of ZBB, concluded, “Australia is an important market region for energy storage and renewable energy. Australia has vast areas with remotely located towns, communities and mining camps, many of which rely on localized power production and distribution and are isolated from connection to its national grid. Renewable energy sources, such as solar and wind, are playing an ever increasing important role in Australia’s energy future, and we know that storage is integral to that future. We are therefore delighted to appoint Zest as our representative in this market and to be working with Jon and his team.”

 

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.