Tuesday, March 1, 2016

Oakridge Global Energy Solutions, Inc. (OGES) Announces Promising Results from Orlando PGA Merchandise Show

Earlier today, Oakridge Global Energy Solutions, Inc. (OTCQB: OGES) announced its success in marketing its state-of-the-art, ‘Made in the USA’ Pro Series lithium ion golf car battery systems at the PGA Merchandise Show in Orlando, Florida. The company received more than $250,000 of immediately booked orders at the show, which is one of the largest annual golf industry conventions on the planet. Oakridge also reported more than $20.5 million of follow on commitments for its proprietary, high performance solution to the needs of the global golf industry, which has an economic impact of nearly $70 billion per year, according to a report (http://dtn.fm/An4JX) by Forbes.

“The Pro Series golf and local electric vehicle batteries continue to be an absolute game changer for the golf and local area EV markets,” Steve Barber, executive chairman and chief executive officer of Oakridge, stated in this morning’s news release. “We have spent the past 18 months refining and finalizing this product and are excited to announce that we are beginning production shipments in March.”

The Oakridge Pro Series lithium ion golf car battery system offers a number of advantages over traditional golf car and local area vehicle power solutions. In particular, the use of fully electric golf cars and local area electric vehicles decreases dependence on foreign oil, eliminates the noise and emissions associated with combustion engines and offers a quieter, more enjoyable day on the links. Oakridge’s advanced stored energy systems also allow users to monitor vital information – such as the capacity, range, speed and health of their battery systems – via their smart devices, increasing peace of mind and helping players more fully enjoy their round of golf or ride around the neighborhood.

“With our Pro Series battery systems, we have now greatly expanded the effective daily range of the golf car and small local electric vehicle, making them a practical reality for immediate application to all aspects of the golfing industry and golfing communities, while at the same time providing a much safer, low maintenance, zero emissions vehicle by virtue of the more robust chemistry and the battery management systems we have designed for this product,” Barber added.

In recent weeks, Oakridge has made tremendous progress toward increasing the size of its foothold in the energy storage industry at both the domestic and international levels. Just last week, the company announced a successful demonstration for a major defense contractor of its custom battery system, which is featured in its client’s Man-Portable Tactical Autonomous Systems (MANTAS), as well as a new agreement with Minnesota-based Freedom Trucking to develop and supply battery systems for its fully electric interstate truck propulsion system. Oakridge also announced the appointment of a leading international battery consultant firm to its advising team in an effort to remain at the forefront of the stored energy industry moving forward.

For more information, visit www.oakridgeglobalenergy.com

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