Oakridge Global
Energy Solutions (OTCQB: OGES) began life as a true research and development
company, and now, 30 years later, it has grown to become the developer of some
of the world’s best energy solutions. In that time, Oakridge has also advanced
its business strategies considerably in order to become a global leader in the
innovation, development, manufacturing and marketing of disruptive energy
storage technology for military, civilian and medical uses.
The past couple of
years have been especially significant for Oakridge, with corporate milestones
including:
·
The
company successfully finalized a major two-year restructuring plan at the end
of 2015.
·
The
company designed, built and modified its state-of-the-art, first-of-its-kind
$40 million, 70,000 square foot manufacturing facility in Palm Bay, Florida.
·
Within
this short period of time, Oakridge became the only U.S. manufacturer of
lithium-ion batteries, with a battery life that lasts up to three times longer
than its foreign-manufactured counterparts. It also generated a 30% increase in
its battery life cycle through its proprietary chemistry and technology.
·
Since
the first quarter of 2016, Oakridge has been fulfilling a growing stream of customer
orders currently estimated at $24 million and shipping its batteries to a long
list of waiting customers in the motorcycle, golf cart and other niche markets.
·
Furthermore,
when the United Nations placed a ban on the transport of lithium batteries on
passenger planes in April 2016, this embargo further positioned Oakridge to
become a key player in the United States rechargeable battery market and
allowed it to further its primary business: the development, manufacturing and
marketing of energy storage products.
Although Oakridge
rode into 2016 with a strong pipeline of commercial opportunities, the
company’s investment in the drivers of its future growth remains constant.
For more
information, visit www.oakridgeglobalenergy.com
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