MILWAUKEE, WI--(Marketwired - May 9, 2013) - ZBB Energy Corporation (
As previously announced, Lotte Chemical Company, a diversified producer of petrochemicals and advanced synthetic resins, has partnered with ZBB Energy to refine the materials and manufacturing process for ZBB Energy's next generation, V3 battery in module sizes of 50kWh up to 500kWh. With Lotte's position in the plastics supply chain and its strong research capability, it is expected the companies will quickly develop the capacity for global scale production. Joint development efforts call for systems to be shipped and tested at development labs in South Korea along with a site that will integrate the EnerStore battery as part of the Korean Smart Grid Project.
"We continue to work closely with Lotte Chemical to develop, manufacture and sell our products in key markets. This system will allow Lotte Chemical to continue gaining knowledge at the system level and demonstrate the products to key customers," said Eric Apfelbach, ZBB Energy President and CEO.
About ZBB Energy Corporation
ZBB Energy Corporation (
About Lotte Chemical Company (Formerly Honam Petrochemical) Lotte Chemical Company is a $15 billion dollar chemical manufacturer headquartered in Seoul, South Korea. Lotte 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. Lotte Chemical is a member of the Lotte Group, which is one of the largest industrial conglomerates in Korea, with operations throughout Asia. Lotte Group's business lines include hotels, tourism, department stores, heavy industry, distribution and electronics. For more information on Lotte Chemical, visit www.lottechem.com
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Certain statements made in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended that are intended to be covered by the "safe harbor" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "estimate," "anticipate" or other comparable terms. Forward-looking statements in this press release may address the following subjects among others: statements regarding the sufficiency of our capital resources, expected operating losses, expected revenues, expected expenses and our expectations concerning our business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recently filed Annual Report on Form 10-K and our subsequently filed Quarterly Reports on Form 10-Q. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Investor Relations Contact: David Mossberg Three Part Advisors, LLC www.threepa.com 817-310-0051
