Oakridge Global Energy Solutions was recently featured on
The Princeton Research Money Info show, which is broadcast live on the internet
and on the air in Port St. Lucie, Florida. During the show, investing experts
Mike King and Charles Moskowitz interviewed Steve Barber, executive chairman
and chief executive officer of Oakridge, about the company’s recent success. As
the company behind the only ‘Made in the USA’ lithium-ion battery, Oakridge is
in a strong strategic position to capitalize on the global market opportunity
presented by the energy storage industry, which is expected to eclipse $70
billion in sales by 2020.
In the interview, Barber outlined the recent restructuring
of Oakridge. The company’s reorganization was funded through a $39 million
investment by the Precept Fund – an international, five family investment group
from Australia, Japan and Switzerland with a long-term view of building and
owning profitable businesses. Through this significant investment, Barber and
the Oakridge management team have reinvented the company, better positioning it
to compete in a market with sustainable demand and favorable markups. However,
Oakridge’s mission goes beyond fast growth, as Barber indicated on the show.
Instead, the company is being built as a long-term addition to the global
energy storage market, which is rapidly evolving in search of dependable,
high-quality offerings.
This market evolution is demonstrated by the number of
lithium battery manufacturers currently in operation. At one time, Asian
markets experienced a boom, and roughly 1,400 lithium battery manufacturers
occupied the space. Over time, inferior quality products and unsustainable
pricing models have eliminated a substantial portion of these battery
producers. Analysts expect the global number of lithium battery manufacturers
to fall to about 250 by next year.
Oakridge is combatting current market conditions by creating
superior quality batteries that address the specific needs of consumers. While
industry giants such as Tesla (NASDAQ: TSLA) and Panasonic (OTC: PSRFY) remain
limited to producing standardized batteries in enormous quantities, Barber
noted Oakridge’s ability to create specialized products that maximize the
company’s market impact and enable strong returns for shareholders.
To listen to the full interview, visit www.princetonresearch.com/radio-shows
For more information, visit www.oakg.net
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