Oakridge Global Energy Solutions, Inc. (OGES) Expanding Presence in International Energy Storage Markets following Corporate Restructuring

Oakridge Global Energy Solutions is an integrated energy storage solutions company that uses state-of-the-art technology to design and develop advanced, high-quality cells, batteries and power systems. The company’s strategy is to deliver innovation while simultaneously refining an industrial scale platform featuring multiple lithium ion technologies and form factors that are optimized to address a variety of key markets – including stationary and grid storage; motive applications, such as electric and hybrid electric fleet vehicles; government applications, including military, aerospace, marine, civil and municipal; and special applications, such as medical and telecom.

In June, the company completed a detailed restructuring of its operations focused on expanding its market reach through the addition of improved service and technology solutions. In addition to a new name and updated corporate branding, Oakridge announced the commencement of full-scale operations at its two manufacturing plants in Melbourne, Florida, which will be instrumental to its ongoing efforts to meet the growing demand for its cutting-edge large format Pro Series golf car batteries, as well as its small format Patriot Series RC batteries.

“Over the last year and a half, we have been quietly rebuilding our company for the global launch of a range of new ‘Made in the USA’ battery products to meet the customer backlog that we now have,” Steve Barber, executive chairman and chief executive officer of Oakridge, stated in a news release regarding the restructuring. “Our new brand captures our global presence, our commitment to excel in customer service, and the high quality of the products that we are able to provide.”

In addition to promoting domestic growth, Oakridge has made considerable progress toward expanding its presence on the international energy storage stage in recent months. The company’s recently formed subsidiary, Oakridge Global Energy Solutions Limited, Hong Kong, is expected to play a major role in its global growth strategy by serving as the foundation for sales throughout the Asia-Pacific region.

“We are incredibly excited about this new subsidiary given the tremendous demand we’ve seen for our products internationally,” continued Barber. “We’ve been working toward a global launch of a range of new battery products and this subsidiary will play an instrumental role in that launch in a range of important ways.”

Bolstering this international progress, the company also acquired a substantial interest in Leclanche S.A., a Swiss developer and manufacturer of large-sized lithium ion batteries originally founded in 1909. This investment is expected to strengthen Oakridge’s existing capability while immediately enhancing its global footprint. The company plans to leverage the momentum provided by this acquisition as it looks to uplist to the NASDAQ capital markets in ‘the very near future’.

For more information, visit www.oakg.net

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