ZBB Energy Corporation is merging into an ASX listed entity (GTN announced proposed merger yesterday) and will control over 93% post merger. ZBB is attracting strategic institutional investors for A$10m and is also allocating a further A$5m for retail stock via a Prospectus to be issued this week.
ZBB has unique Energy Storage technology, developed both in Australia and the US at a total cost in excess of US$40M. Some features on the company and the product are : • Energy Storage systems for use by power utilities and industrial companies • Energy storage for maximum use of renewable energy such as Solar & Wind • Systems are modular • System sizes from 50 kilowatt/hour to 500 kilowatt/hour • Larger systems for utilities are in increments of 500 kilowatt/hour modules to give Megawatt/hour capacity • This technology helps solve large scale power blackouts such as Nth Eastern USA (2 weeks ago), London (last week) and Malaysia (yesterday). • Independent market assessments exceed US$5 billion. • Patents protect all aspects of the product • Company has perfected high volume, low cost commercial manufacturing and • Company has manufacturing facility already installed in USA • Funds sought now are to increase manufacturing capacity with more machines, larger inventory levels and marketing of product. • Company has systems with utilities in Michigan & Melbourne and more under construction for Australia and USA. • Company recently signed exclusive distribution agreement for sale of its products in California, Arizona and Nevada worth US$18 million over 3 years. • Company recently signed heads of agreement with Southern Africa based utility. • Company negotiating distribution agreement in Sth East Asia • Independent Valuation of Company in the range of US$40 m to US$58m on very conservative basis. • Environmentally sound chemistry and recyclable plastics are a feature.
If you want to be involved in one of the hottest new floats, ring for a prospectus on 08 94942055 or visit www.zbbenergy.com
GTN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)