Meineng Energy Opens State of the Art Factory for Manufacturing of Advanced Energy Storage and Control Products

Wuhu City, China – July 26, 2012 – Today marks the opening of Anhui Meineng Store Energy System Co., Ltd.’s advanced manufacturing center in Wuhu, Anhui Province, China. The factory is designed to have an annualized “nameplate capacity” rated at 100MWh of energy storage and control products. The 3,000m2 production area is configured with state-of-the-art equipment, designed to assemble and test leading edge energy storage batteries and power electronics control systems. The advanced energy storage and control products represent the 3rd generation intelligent energy storage and control technology from ZBB Energy Corporation of the United States.

“China will likely be the largest market in the world for the advanced energy storage and control systems being designed, manufactured and serviced by Meineng Energy,” said Brad Hansen, Meineng Energy GM and CEO. “Our products will drive significant PV and wind energy system productivity increases, in addition to enabling the 3rd wave of energy storage - intelligent micro-grid and smart-grid based distributed energy systems.”

Meineng Energy produces energy storage and control systems ranging from 50kWh to more than 5000kWh, customized to meet the specific needs of each application. Construction of the facility began in December 2011 and was completed by April 2012. Production began in May 2012, 5 months after completion of company registration.

“Initial production focuses on our energy storage products, based upon the ZBB EnerStore™ “flow battery” technology from ZBB. We presently have approximately 1000kWh of systems in varying stages of production, putting us well along the path of meeting our calendar year 2012 shipment objective,” said Mr. Hansen. “We begin production of our power electronics family later this year. We are pleased to be in a position to ship initial EnerStore systems to multiple customers in the coming weeks.”

Meineng Energy is a joint venture company formed by ZBB-PowerSav Holdings Ltd. and Anhui XinDong Invest Management Company, Ltd. Meineng Energy is licensed to exclusively produce, sell, service and improve ZBB Energy Corporation products in China, and non-exclusively in Taiwan and Hong Kong.