Thursday, February 18, 2016

Oakridge Global Energy Solutions, Inc. (OGES) Primed for Rapid Growth Following Completion of Corporate Restructuring

Oakridge Global Energy Solutions, Inc. (OTCQB: OGES) is on a mission to bring jobs back to the United States while commercializing stored energy solutions that meet the stringent quality standards necessary to power state-of-the-art technologies in a variety of expansive and growing industries. The company’s innovative ‘Made in the USA’ product line already includes multiple lithium-ion chemistries, technologies and form factors that are optimized to address four high-demand target markets – including motive applications, such as electric and hybrid electric fleet vehicles; stationary living space power for domestic, commercial and grid applications; remote control and portable devices; and starter motor batteries for motorcycles, jet skis, snowmobiles, boats, cars and trucks. Through these offerings, Oakridge targets major applications in the military, aerospace, marine, medical and telecom sectors, among others.

Under the guidance of an experienced management team, Oakridge is strategically positioned to achieve tremendous growth in the months to come. In January, the company announced the sale of its interest in Leclanché S.A., attaining the funds needed to satisfy a long-standing loan from Expedia Holdings Limited and entering 2016 completely debt-free and funded for growth. Shortly after this transaction, Oakridge entered into the full scale production phase of its corporate restructuring efforts, kick starting solid revenues that are expected to grow rapidly throughout the first quarter of 2016 and beyond.

“We are now well on our way to becoming a major player in the world lithium-ion battery manufacturing space,” Steve Barber, executive chairman and chief executive officer of Oakridge, stated in a January news release. “The addition of this significant capital into Oakridge provides the liquidity that we needed to launch this company from small scale production to one of the largest lithium battery manufacturing facilities in the world.”

As the company continues to exceed target goals for hiring of employees, acquisition of capital equipment for factory automation and introduction of informative tools designed to increase shareholder engagement and overall brand awareness, Oakridge is aggressively serving its target markets and engaging with the global lithium battery market. Look for Oakridge to continue benefitting from the expanded capacity offered by its new 69,000-square-foot facility in Melbourne, Florida, as it intensifies efforts to increase market share and roll out exciting new product lines moving forward.

For more information, visit www.oakridgeglobalenergy.com

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