Mike Zaman's  Instablog

Mike Zaman
Send Message
  • ZBB Energy (ZBB) Soars On New Phase Of Strategic Partnership  0 comments
    Dec 17, 2013 3:48 PM | about stocks: ESNC

    https://staticseekingalpha.a.ssl.fastly.net/uploads/2013/12/17/saupload_zbb.jpg ZBB Energy Corp. (ZBB)

    Shares of ZBB skyrocketed after the company reported that it has entered into a new product development partnership and expanded license agreement with Lotte Chemical.

    Under the terms of the strategic partnership, Lotte will acquire an expanded non-exclusive license to sell ZBB's zinc-bromide continuous flow battery globally with the exception of the United States and China.

    In addition, ZBB and Lotte entered into a new research development agreement. The next generation 500kWh battery represents a tenfold increase in storage capabilities relative to the current ZBB EnerStore(NYSE:R) 50kWh product.

    With the signing of these agreements, ZBB realizes a substantial improvement in their cash position, as well as longer term opportunities for additional revenues and cash flow.


    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.

    More about ZBB Energy Corp. (ZBB) at www.zbbenergy.com.


    Read Full Disclaimer at www.pennytobuck.com/disclaimer

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: ESNC
Back To Mike Zaman's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.