Mixed news for zinc-bromide company

First the bad news. Zinc-bromide energy storage company ZBB has announced losses of $2.88 million, or 4 cents a share, in the fiscal first quarter, as compared with $1.7 million for the same period last year.

But the good news is the company has snapped up a long-term supply agreement from an unidentified engine manufacturer for electronics used in hybrid electric buses, which will result in orders of $1.36 million, including $500,000 worth of orders that are being shipped in this quarter.