In September, Oakridge Global Energy Solutions took a
significant step toward completing its corporate restructuring efforts when it
announced that it had moved into a new facility for corporate offices and small
format cell manufacturing. The 68,718-square-foot facility is expected to
provide the company with the space needed to increase production of its small
format lithium cells from 250,000 per year to roughly 25 million per year. Over
the next 18 months, Oakridge plans to ramp up its operations and install more
than 2.6 gigawatt-hours of production capacity utilizing electrodes, cells and
batteries proudly built in the United States.
“We have completed the restructure, have taken the brakes
off and are moving ahead full speed,” Steve Barber, executive chairman and
chief executive officer of Oakridge, stated in a news release. “We are very
pleased with the new corporate facility. The city of Palm Bay, Florida, has
made us feel very welcome and we look forward to a very good long term
relationship.”
In addition to the production capacity provided by its new
facility, Oakridge will look to leverage the marketability of its strong
intellectual property portfolio. Since its founding in 1986, the company has
carved out a foothold in the stored energy market by offering a full range of
energy storage solutions – including battery management systems, golf cart
batteries, radio controlled vehicle batteries, pressure tolerant cells and
batteries for power tools and lawn care equipment. Today, Oakridge is
positioning itself to simultaneously deliver innovation and build an industrial
scale platform that includes technologies optimized to address multiple key
markets.
“Our business plan is simple; we provide high quality,
competitively priced American made products to the consumer market,” Barber
concluded.
With its previous 12,000-square-foot manufacturing facility
now firmly in its rearview mirror, Oakridge is in a strong position to increase
its output while expanding its position in the global stored energy market. For
prospective shareholders, this move is yet another reason that Oakridge is an
incredibly intriguing investment opportunity in the months to come. As the
company continues to progress toward the impending commercialization of its
innovative ProSeries and Patriot Series product lines, its new corporate
headquarters, as well as its expanded manufacturing facilities on Florida’s
Space Coast, will undoubtedly play a key role in future growth.
For more information, visit www.oakg.net
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