Earlier today, Oakridge Global Energy Solutions, Inc.
(OTCQB: OGES) announced a new partnership with IST Co. Ltd, a Tokyo,
Japan-based firm with broad relationships in the power and stored energy
industries. Through this collaboration, the IST team will join the current
Oakridge advising team through its previously established subsidiary in Hong
Kong. IST is expected to leverage its broad relationships with university and
research organizations throughout Japan and around the world in order to
provide Oakridge with ongoing access to joint technology development
opportunities for next generation rechargeable lithium batteries, such as
lithium air, lithium-sulfur, nano-silicone and graphene negative electrodes, in
addition to aiding in efforts to commercialize Oakridge’s previously developed
thin film solid state lithium battery technology.
“We are all about latest technology and products at
Oakridge,” Steve Barber, the company’s executive chairman and chief executive
officer, stated in the news release. “With IST complementing the existing
Oakridge advising team in Japan we have now greatly expanded our presence and
relationship with Japan, while at the same time providing a much higher quality
of equipment and raw materials for building our battery systems.”
With this partnership in place, Oakridge is better
positioned to work with the highest quality Japanese equipment manufacturers in
order to support future growth of its recently launched manufacturing
facilities in the United States. The company expects the addition of top notch
advisors and consultants to allow Oakridge to maintain its already high
standards of technological advancement while continuing to drive innovation in
its product line and address the evolving needs of its customers with the
latest technology in high power battery and portable energy systems.
“We at Oakridge regard our relationship with Japan as highly
important because of its technical prowess and also because it is a very strong
ally to the United States and Australia which will be vitally important in the
increasingly tumultuous international geopolitical situation,” continued
Barber. “We are excited to be working with the high caliber of people and
companies that we have had the pleasure to meet in the Japanese lithium ion
battery market.”
The announcement of a partnership with IST caps off what has
been an eventful week for Oakridge. On Monday, the company heralded the
successful results of recently completed field trials of the Man-Portable
Tactical Autonomous System (MANTAS), which was designed and produced by
Maritime Tactical Systems, Inc. (MARTAC). Oakridge’s specialized, high
performance batteries “greatly expanded the effective range of the MANTAS while
at the same time providing us a much safer vessel,” according to MARTAC
president and CEO Bruce Hanson. On Wednesday, Oakridge announced an agreement
to supply batteries to Freedom Trucking for use in a fully electric interstate
truck propulsion system.
For more information, visit www.oakridgeglobalenergy.com
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