ZBB Energy Names Charles Stankiewicz Executive Vice President of Operations
Appointment to ZBB Board of Directors
(firmenpresse) - MILWAUKEE, WI -- (Marketwire) -- 11/09/11 -- ZBB Energy Corporation (NYSE Amex: ZBB), the leading developer of intelligent, renewable energy power platforms, announced today the appointment of Charles (Chuck) Stankiewicz to the position of Executive Vice President of Operations and to the Board of Directors of ZBB Energy Corporation.
In his role as ZBB's Executive Vice President of Operations, Mr. Stankiewicz will assume full responsibility for all operations and engineering including manufacturing, research and development, and product development.
"We are excited to have such a savvy leader join our management team and board of directors," said Eric Apfelbach, CEO and President of ZBB Energy. "Chuck's expertise and experience at scaling operations is exactly the type of skill set we need at this stage of ZBB's development. He is an exceptional growth leader with a proven track record making him a perfect fit for the direction ZBB is headed. His experience in China is also a huge plus."
"ZBB has a solid foundation for executing its growth plans in energy storage and smart power electronics," said Chuck Stankiewicz. "I look forward to working with ZBB Energy to help take the company to the next level."
Previously Mr. Stankiewicz held a number of executive level positions at American Superconductor Corporation. He was most recently Executive Vice President of AMSC Power Systems, a division of American Superconductor Corp., based in Middleton and New Berlin, Wisconsin with operations in Europe and China. During his tenure at American Superconductor, he grew the Power Systems group from virtually no revenue to several hundred million in revenues, contributing the majority of American Superconductor's revenues and earnings over the past few years. Prior to working at American Superconductor, Mr. Stankiewicz worked in a variety of technical and business management positions at Westinghouse Electric Corporation and Asea Brown Boveri (ABB) where he was the Vice President of Power Development.
Mr. Stankiewicz was awarded inducement options to purchase a total of 500,000 shares of the Company's common stock. 100,000 of these options will vest based on the achievement of certain performance targets. The remaining 400,000 of these options will vest over three years.
Mr. Stankiewicz graduated from Duke University with a Bachelor of Science Degree.
ZBB Energy Corporation (NYSE Amex: ZBB) designs, develops, and manufactures advanced energy storage, power electronic systems, and engineered custom and semi-custom products targeted at the growing global need for distributed renewable energy, energy efficiency, power quality, and grid modernization. ZBB and its power electronics subsidiary Tier Electronics, LLC have developed a portfolio of integrated power management platforms that combine advanced power and energy controls plus energy storage to optimize renewable energy sources and conventional power inputs whether connected to the grid or not. Tier Electronics participates in the energy efficiency markets through their hybrid vehicle control systems, and power quality markets with their line of regulation solutions. Together, these platforms solve a wide range of electrical system challenges in global markets for utility, governmental, commercial, industrial and residential end customers. Founded in 1998, ZBB's platforms ensure optimal efficiencies today, while offering the flexibility to adapt and scale to future requirements. ZBB's corporate offices and production facilities are located in Menomonee Falls, WI, USA with offices also located in Perth, Western Australia. For more information, visit:
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.
Helen Brown
Investor Relations
ZBB Energy Corporation
T: 262.253.9800
Email:
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Datum: 09.11.2011 - 07:15 Uhr
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