Bradley L. Hansen Named ZBB President and Chief Operating Officer
20 Maggio 2014 - 3:30PM
Marketwired
Bradley L. Hansen Named ZBB President and Chief Operating Officer
Appointed to ZBB Board of Directors
MILWAUKEE, WI--(Marketwired - May 20, 2014) - ZBB Energy
Corporation (NYSEMKT: ZBB), the leading developer of intelligent,
renewable energy power platforms, announced today that Brad Hansen
has been named ZBB's President and Chief Operating Officer and was
also appointed to the Board of Directors of ZBB Energy Corp.
effective immediately. Mr. Hansen replaces Charles Stankiewicz
who previously served as Chief Operating Officer and as a director
of the Company. Mr. Stankiewicz will assist in the
transition of his COO duties to Mr. Hansen.
Since December 2011, Mr. Hansen has served as the Chief
Executive Officer of Anhui Meineng Energy, our Chinese joint
venture company, where he has led Meineng's organization and
development. In 2010, Mr. Hansen founded and continues to
serve as Managing Partner of PowerSav Inc., a boutique private
equity fund targeting China government policy supported
markets. Mr. Hansen has extensive expertise in the
international renewable energy industry, having held various
executive positions with Applied Materials, Inc. from 1989 to
2010. While at AMAT, Mr. Hansen led global sales and site
operation organizations for its solar product line, an important
growth driver of AMAT. Prior to this role, as Corporate Vice
President New Business and New Products Group Mr. Hansen directed
the acquisition and integration activities for AMAT's strategic
Applied Films Corporation acquisition. Mr. Hansen also held a
number of key product development and operations roles at AMAT,
including Vice President and General Manager of the Chemical
Mechanical Planarization Product Business Group. Mr. Hansen
worked as an Engineer and Program Manager for the Boeing
Electronics Company Division of The Boeing Company. He holds a
Bachelor of Science degree in Manufacturing Engineering from
Brigham Young University and an MBA from Seattle University.
As an inducement to join the Company, Mr. Hansen was issued
inducement stock options to purchase a total of 360,000 shares of
Company common stock with an exercise price of $1.72 per share,
which was the closing price of the Company's common stock on the
NYSEMKT on May 19, 2014. The options will vest and become
exercisable in three equal annual installments. Mr. Hansen
also will be issued an award of inducement restricted stock units
covering 360,000 shares of Company common stock that will vest upon
the achievement of certain performance vesting conditions.
Mr. Hansen will report to Eric Apfelbach, CEO of ZBB. Mr.
Hansen's responsibilities include all Manufacturing, R&D,
Engineering, Human Resources and Sales and Marketing. Finance
and Business Development will report to Mr. Apfelbach. In
addition, Mr. Hansen's responsibilities also include the continued
management of Meineng. This will bring the two companies
closer together making more efficient use of resources at both
companies.
Said Brad Hansen, President and COO of ZBB, "I'm excited to be
joining ZBB and having the opportunity to help grow ZBB and Meineng
together. The synergies align perfectly and will help to
accelerate the development of the next generation electronics and
battery systems."
Said Eric Apfelbach, CEO of ZBB, "We are very pleased that Brad
is joining our team at ZBB. His intimate knowledge of our
products, operational expertise, extensive customer knowledge in
the renewable space, as well as his proven leadership capability
means he can provide immediate value to ZBB. I look forward to
working with Brad to accelerate the growth of both ZBB and Meineng
and expand the synergies that exist between the two companies."
About ZBB Energy Corporation ZBB Energy Corporation (NYSEMKT:
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 1986, ZBB's platforms
ensure optimal efficiencies today, while offering the flexibility
to adapt and scale to future requirements. ZBB's corporate offices,
engineering and development, and production facilities are located
in Menomonee Falls, WI, USA with a research facility also located
in Perth, Western Australia. ZBB has a joint venture with Meineng
Energy, a provider of leading-edge energy storage systems and
solutions to the greater China market. For more information, visit:
www.zbbenergy.com.
Safe Harbor Statements 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
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
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