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