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

    http://static.cdn-seekingalpha.com/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.

    http://static.cdn-seekingalpha.com/uploads/2013/12/17/saupload_zbb_chart.png

    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
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