Oakridge Global Energy Solutions, Inc. (OTC: OGES) is in the
business of using top-of-the-line technology to manufacture highly innovative
energy storage solutions across the United States. As a ‘Made in the USA’
manufacturing company, OGES’s strategy of execution is as simple as it is
effective: develop, manufacture and sell products.
The company’s products include lithium-ion large format
prismatic cells, small format prismatic cells, and battery modules, which are
distributed through a highly focused business development and sales team. The
company’s innovative ‘Made in the USA’ product line, comprised of multiple
lithium-ion chemistries, technologies and form factors (or shapes) that address
multiple high-demand target markets, is a stand-out offering in the
manufacturing business that leads the onshoring movement of bringing jobs and
manufacturing back to the USA.
Manufacturing products of this caliber calls for an equally
high level of manufacturing capacity and sophistication. Through the majority
ownership of Oakridge by Precept Fund Management SPC, Oakridge CEO Steve Barber
funded the creation of a full-scale manufacturing facility for Oakridge, a
significant upgrade from the company’s previous 12,500-square-foot-facility.
In October, Oakridge unveiled the new, 68,718-square-foot
facility in Brevard County, Florida, in Melbourne and Palm Bay. The sprawling
plant houses Oakridge’s corporate offices and manufacturing plant, and it is
part of the company’s ongoing $270 million investment in corporate growth,
which also includes the planned purchase of a significant amount of additional
manufacturing equipment, as well as continued product development and
innovation.
Precept’s investment in Oakridge’s facility has already
triggered a positive effect, contributing to the company’s third-quarter
results (total assets exceeded $76.0 million while liabilities were reported at
slightly more than $2.75 million).
“Our third-quarter results reflect the significant
investment that Precept has made into this exciting business,” said Barber.
“From development of products to purchase of manufacturing equipment, this
business is now fully operational and poised for growth.”
Over the next 18 months, Oakridge has outlined plans to
continue to strengthen its balance sheet and ramp-up and install more than 2.6
gigawatt-hours of production capacity. The focus of the ramp-up and
installation will be on manufacturing electrodes, cells and batteries in the
company’s new facility.
For more information, visit www.oakg.net
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