Oakridge Global Energy Solutions recently completed a
detailed restructuring of its operations focused on expanding its market reach
through the addition of improved service and technology solutions. As part of
these efforts, the company commenced operations at two manufacturing plants in
Melbourne, Florida, and formed a new subsidiary – Oakridge Global Energy
Solutions Limited, Hong Kong – in order to better address the pivotal
Asia-Pacific region. In an effort to build on this momentum, Oakridge also
announced intentions to uplist to the NASDAQ capital markets in ‘the very near
future’, and, earlier this week, the company took a major step toward turning
that goal into a reality.
On Tuesday, Oakridge announced the upcoming addition of
three new, independent members to its board of directors. This move will play a
vital role in the company’s ongoing efforts to uplist to the NASDAQ exchange,
but it also significantly strengthens Oakridge’s corporate structure and its
depth of reach into its target markets. The new board members – Theo Lianos,
Vic Psaltis and John Dinkel – each have vast experience in their respective
industries.
Theo Lianos is one of Australia’s leading corporate
restructurers and brings more than three decades of experience in corporate
finance to the Oakridge board. Vic Psaltis has extensive experience in a range
of market environments – including foreign exchange, money markets, futures and
the utility sector – that’s expected to play a key role in the development and
refinement of the company’s future growth and risk management strategies. John
Dinkel is a leading automotive industry expert with more than 40 years of
experience in the areas of engineering, journalism, testing and analysis,
product development, product planning, advertising, marketing, website
development and content, internet automotive retailing and public relations.
“Having John, Vic and Theo join the Oakridge board
represents the final step in the completion of our 18 month restructuring of
Oakridge,” Steve Barber, the company’s executive chairman and chief executive
officer, stated in a news release. “We will utilize the considerable depth of
skills and knowledge, not to mention their incredible contact bases, of these
new board members to help us to continue to develop Oakridge into the major
player in the global world of battery manufacturing and product development
that we have positioned it to become.”
For prospective shareholders, Oakridge’s decision to expand
its board is yet another example of the company’s commitment to achieving rapid
and sustainable growth in the stored energy market. Oakridge is expected to
continue to build on this progress in the coming months through the
commercialization of its Patriot Series and ProSeries product lines, as well as
the impending development and production of its proprietary commercial thin
film solid state lithium batteries.
For more information, visit www.oakg.net
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