Oakridge Global Energy Solutions, Inc. (OTCQB: OGES) scored
a birdie at the recent Orlando PGA Merchandise Show, which came to a close on
January 29, 2016. The company received orders of more than $250,000 and follow
on commitments exceeding $20,575,000 for its Pro Series Lithium Ion Golf Car
battery systems. These large format golf cart batteries were launched at this
same Professional Golfers’ Association (PGA) show in Orlando, Florida, back in
January 2015. No doubt, the size of Oakridge’s order book is a sign of things
to come in the lithium industry.
A research report published by Goldman Sachs in December
2015, titled ‘What if I Told you… Themes, Dreams and Flying Machines’,
proclaims ‘Lithium is the new gasoline’. The report states that the confluence
of technological innovation, government support and public embrace of green
technologies will increase electric vehicle (EV) penetration from three percent
now to 22 percent in 10 years’ time. The automotive industry will, undoubtedly,
have its eyes on companies like Oakridge to see how the Pro Series performs,
because the golf carts it will power may be considered a type of battery
electric vehicle (BEV), like the Nissan (OTC: NSANY) Leaf, the Fiat (NYSE:
FCAU) 500e or the Tesla (NASDAQ: TSLA) Model S. This market development in EVs
is expected to invigorate the entire lithium industry.
The Goldman Sachs analysts are not the only ones that see
upbeat prospects for lithium. The industry analysts at Japanese research firm
Taiyou Research surmise that ‘the global market for lithium ion batteries is a
fast growing one and is expected to cross $30 billion by 2020’. At present,
lithium ion batteries are mostly found in consumer electronic devices, but with
the advent of cells of greater capacity and power in large-format applications,
their use in EVs and storage applications is increasing. Both capacity and
power are important factors in batteries and, depending on the application, one
takes precedence to the other. These characteristics can be examined by comparing
them to containers. A 2-liter bottle has a large volume and a small mouth,
similar to a high-energy low-power system. A 1 lb. marmalade jar, on the other
hand, has small volume but a large mouth, similar to a low-energy high-power
system.
Oakridge manufactures both high-energy low-power systems and
low-energy high-power systems. Its Pro Series, which has been such a big hit at
the PGA show, is a high-energy low-power battery. The Pro Series comes in four
capacities, measured in ampere-hours (Ah) – including 40 Ah, 60 Ah, 100 Ah and
160 Ah – all of which have a recommended voltage limit for discharge of 12
volts. At that discharge rate, the Pro Series 40Ah is expected to provide
energy enough for at least 20 miles. The Pro Series 60Ah will provide enough
energy for 30 miles; the Pro Series 100Ah will reach 55 miles; and the Pro
Series 160Ah will get to 90 miles or more. The Pro Series is designed to be a
good caddy, giving you 12 to 16 rounds per charge.
Oakridge Global Energy Solutions is holding the course with
pro golfers, and now it’s planning on joining the easy riders. A commercial
introduction of the Liberty Series Lithium Ion motorcycle battery is planned
for the 75th anniversary of the Daytona Beach Bike Week, which runs from March
4 – 13, 2016. Oakridge’s Liberty Series is an example of a low-energy
high-power battery that is required in starting, lighting and ignition (SLI)
systems.
For more information, visit www.oakridgeglobalenergy.com
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