Key Developments: ZBB Energy Corp (ZBB)
0.27USD
18 Jun 2013
$0.02 (+6.40%)
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70,733
566,301
$0.48
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Latest Key Developments (Source: Significant Developments)
ZBB Energy Corp Receives Follow-On Orders
ZBB Energy Corp announced that it has received a contract valued at greater than $500,000 from Meineng Energy, ZBB's joint venture company in China. Full Article
ZBB Energy Corp Forms Strategic Relationship With Moscow-Based BPC Engineering
ZBB Energy Corp announced that they have entered into a strategic relationship with BPC Engineering (Moscow, Russia). This relationship introduces ZBB's line of products into the Russian and Commonwealth of Independent States (CIS) markets. BPC Engineering, already established as a supplier of distributed generation in the Russian and CIS markets, will market, sell and support ZBB products effective immediately. In conjunction with the signing of the strategic relationship with BPC Power Systems, ZBB received the initial purchase order for a complete ZBB EnerSystem, consisting of a ZBB EnerStore flow battery and ZBB EnerSection power and control center. Full Article
ZBB Energy Corp Announces Strategic Supply Agreement With Crosspoint Kinetics
ZBB Energy Corp announced a strategic supply agreement to provide controllers for Crosspoint Kinetics' second generation hybrid system. Crosspoint Kinetics is a wholly owned subsidiary of Cummins Crosspoint, LLC. Full Article
ZBB Energy Corp Secures Contract
ZBB Energy Corp announced it has received multiple orders valued at greater than $600,000 from Meineng Energy, the joint venture company in China. ZBB plans to deliver the components for multiple ZBB EnerStore and ZBB EnerSection units to the Meineng factory for assembly and testing in Anhui Province, Wuhu, China. Full Article
ZBB Energy Corp Announces Underwriter's Exercise Of Over-Allotment Option
ZBB Energy Corp announced that the underwriter for the previously reported offering exercised substantially all of its over-allotment option to purchase an additional 4,591,287 shares of the Company's common stock. Due to the exercise of the over-allotment option, the Company sold a total of 36,191,287 shares of common stock in the offering for aggregate gross proceeds of $13.8 million and received approximately $12.4 million of net proceeds from the offering, after deducting the underwriting discount and estimated expenses of the offering payable by the Company. MDB Capital Group LLC acted as sole underwriter in the offering. The exercise of the over-allotment option brings the total shares issued and outstanding of the Company's common stock to 77,518,535. Full Article
ZBB Energy Corp Announces Completion Of Common Stock Offering For Gross Proceeds Of $12 Million
ZBB Energy Corp announced it has completed its previously announced underwritten public offering of 31,600,000 shares of its common stock at a price to the public of $0.38 per share. The net proceeds to ZBB from this offering are expected to be approximately $10.8 million after deducting underwriting discounts and commissions and other estimated offering expenses. MDB Capital Group LLC acted as sole underwriter in the offering. ZBB granted the underwriter a 45-day option to purchase up to an aggregate of 4,740,000 additional shares of common stock for up to $1.7 million to cover over-allotments, if any. ZBB is using the net proceeds from the offering to repay existing indebtedness and the balance for working capital and general corporate purposes. Full Article
ZBB Energy Corp Prices Public Offering Of Common Stock
ZBB Energy Corp announced the pricing of an underwritten public offering of 31,600,000 shares of its common stock at a price to the public of $0.38 per share. The net proceeds to ZBB from this offering are expected to be approximately $10.8 million after deducting underwriting discounts and commissions and other estimated offering expenses. The offering is expected to close on or about June 19, 2012. MDB Capital Group LLC is acting as sole underwriter in the offering. ZBB has granted the underwriter a 45-day option to purchase up to an aggregate of 4,740,000 additional shares of common stock for up to $1.7 million to cover over-allotments. ZBB anticipates using the net proceeds from the offering to repay existing indebtedness and the balance for working capital and general corporate purposes. Full Article
ZBB Energy Corp To Manage Smart Microgrid Power At U.S. Military Base In Pearl Harbor, Hawaii As Part Of Major DoD Energy Security Initiative
ZBB Energy Corp announced that it was awarded a contract to provide a ZBB EnerSystem integrated power management system for a microgrid installation at the Joint Base Pearl Harbor Hickam (JBPHH) U.S. Military base in Honolulu, Hawaii. Manufactured at the company's Menomonee Falls, Wisconsin facility, the ZBB EnerSystem will include a ZBB EnerSection™ power and energy control center combined with a ZBB EnerStore next generation proprietary flow battery system. The ZBB EnerSystem will intelligently manage inputs of various energy sources on the base that include an existing photovoltaic (PV) solar power system and new wind turbine system. The deployment is part of the first phase of a three-phase, $30 million multi-government agency project known as Smart Power Infrastructure Demonstration for Energy Reliability and Security or SPIDERS. SPIDERS is based on a Joint Command Technology Development (JCTD) project between Department of Energy, Department of Defense, and Department of Homeland Security. Full Article
ZBB Energy Corp To Provide Power Management System To Support Department Of Defense Net Zero Energy Installation Program
ZBB Energy Corp announced a contract from a Florida-based solar integrator to provide an integrated, continuous power ZBB EnerSystem(TM). This technology combines ZBB EnerStore(TM) flow-battery technology and ZBB EnerSection(TM) power and energy control capability for use in application designed to operate in both grid-connected and transportable micro-grid applications at an undisclosed U.S. Military base. The installation dovetails with a multi-year project at the base to increase energy efficiency, incorporate renewables, and increase overall energy reliability and independence with respect to the availability of the civilian grid. Full Article
ZBB Energy Corp Receives Component Order For Ten ZBB EnerStore Units From Meineng Energy
ZBB Energy Corp announced a contract with Meineng Energy to deliver components for assembly and test of multiple ZBB EnerStore(TM) units at the recently completed factory in Wuhu, China scheduled to be fully operational in April, 2012. Full Article
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