Wednesday, October 21, 2015

Oakridge Global Energy Solutions, Inc. (OGES) Adds Independent Board Members Ahead of Proposed Uplisting to NASDAQ Exchange

Oakridge Global Energy Solutions recently completed a detailed restructuring of its operations focused on expanding its market reach through the addition of improved service and technology solutions. As part of these efforts, the company commenced operations at two manufacturing plants in Melbourne, Florida, and formed a new subsidiary – Oakridge Global Energy Solutions Limited, Hong Kong – in order to better address the pivotal Asia-Pacific region. In an effort to build on this momentum, Oakridge also announced intentions to uplist to the NASDAQ capital markets in ‘the very near future’, and, earlier this week, the company took a major step toward turning that goal into a reality.

On Tuesday, Oakridge announced the upcoming addition of three new, independent members to its board of directors. This move will play a vital role in the company’s ongoing efforts to uplist to the NASDAQ exchange, but it also significantly strengthens Oakridge’s corporate structure and its depth of reach into its target markets. The new board members – Theo Lianos, Vic Psaltis and John Dinkel – each have vast experience in their respective industries.

Theo Lianos is one of Australia’s leading corporate restructurers and brings more than three decades of experience in corporate finance to the Oakridge board. Vic Psaltis has extensive experience in a range of market environments – including foreign exchange, money markets, futures and the utility sector – that’s expected to play a key role in the development and refinement of the company’s future growth and risk management strategies. John Dinkel is a leading automotive industry expert with more than 40 years of experience in the areas of engineering, journalism, testing and analysis, product development, product planning, advertising, marketing, website development and content, internet automotive retailing and public relations.

“Having John, Vic and Theo join the Oakridge board represents the final step in the completion of our 18 month restructuring of Oakridge,” Steve Barber, the company’s executive chairman and chief executive officer, stated in a news release. “We will utilize the considerable depth of skills and knowledge, not to mention their incredible contact bases, of these new board members to help us to continue to develop Oakridge into the major player in the global world of battery manufacturing and product development that we have positioned it to become.”

For prospective shareholders, Oakridge’s decision to expand its board is yet another example of the company’s commitment to achieving rapid and sustainable growth in the stored energy market. Oakridge is expected to continue to build on this progress in the coming months through the commercialization of its Patriot Series and ProSeries product lines, as well as the impending development and production of its proprietary commercial thin film solid state lithium batteries.

For more information, visit www.oakg.net

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