ZBB Selected as Storage Solution for Alternative Energy Residential Application
MILWAUKEE, April 2, 2008 /PRNewswire-FirstCall/ — ZBB Energy Corporation (AMEX:ZBB) announced today that as part of its efforts in the alternative energy sector, its ZESS 50(TM) fuel cell zinc energy storage system has been chosen to provide a key element in the Zero Net Energy (“ZNE”), Future House USA (“FHUSA”) home that will be on display at the Beijing Olympic Games in August 2008.
An estimated five million people will tour the Future House Village, a globally-inspired neighborhood of eco-friendly demonstration homes created by visionaries from Canada, China, Germany, Japan, South Korea, Spain, Sweden and the United States. This high-visibility program is designed to promote energy-saving strategies and construction that will have a minimal impact on the global environment.
Future House USA incorporates five elements: energy efficiency, indoor air quality, water consumption, storm water management and construction recycling in order to achieve a design to maximize the homes energy efficiency, environmental compatibility and sustainability. This design has achieved a ZNE home, generating all its own energy. In order to achieve ZNE the home requires the ZESS energy storage system in order to store energy at the time of generation for later use when those generating sources, such as solar, are not available.
The ZESS 50(TM) was selected because of its performance, environmental friendliness and safe nature needed in residential applications. Based on ZBB’s proprietary 50 kWh energy storage module the ZESS 50(TM) is a standard product but may also be configured and packaged as a fully customized energy storage system, according to Rob Parry, CEO of ZBB Energy Corporation.
Announcing the contract Parry said, “ZESS is the perfect match for this project. Our ZESS product line has enough versatility to allow us to size products for both large energy storage applications, as well as smaller residential applications to help achieve a true environmental home using renewable energy. Our participation in the Future House USA project is part of our long-term plan for ZESS to be used in residential applications. This project presents the perfect opportunity to introduce the ZESS product into the China market. What better forum for us than to be part of the USA entry into this sustainable housing project being unveiled to the world at the Beijing Olympics.”
The ZESS 50 zinc energy storage system will be constructed and shipped to China within the next three weeks, Parry said.
More information on the Future House USA project can be found at http://www.futurehouseusa.com/.
About ZBB Energy Corporation
ZBB Energy Corporation develops and manufactures distributed energy storage solutions based on the Company’s proprietary 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, ZESS 500) as well as a fully customized, large format, energy storage system. This scalable, mobile system is ideally suited for large market applications.
Safe Harbor
Except for the historical information contained herein, the matters set forth in this press release, including the description of the company and its product offering, are forward-looking statements within the “safe harbor” provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risk and uncertainties that may cause actual results to differ materially, including historical volatility and low trading volume of our stock, the risk and uncertainties inherent in the early stages of growth companies, the company’s need to raise substantial additional capital to proceed with its business, risks associated with competitors, and other risks detailed from time to time in the company’s most recent filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date hereof. The company disclaims any intent or obligation to update these forward-looking statements.
First Call Analyst:
FCMN Contact: bzaferos@n-s.com
Source: ZBB Energy Corporation
CONTACT: Robert Parry, Chief Executive Officer of ZBB Energy
Corporation, +1-262-253-9800, rparry@zbbenergy.com; or Joanne Verkuilen of SMH
Capital Inc., Market & Liquidity Services, +1-212-893-1122,
joanne.verkuilen@smhcapital.com
Web site: http://www.futurehouseusa.com/
