Oakridge Global Energy Solutions, Inc. (OGES) is heading for the Big Board
It seems that Oakridge Global Energy Solutions (OTCQB: OGES) is driven by the same energy that powers its innovative line of rechargeable lithium ion batteries. Over the past year, the company has moved at a frenetic pace and currently fulfills nearly all of the listing requirements to be admitted under Standard 3 to the New York Stock Exchange’s NYSE MKT marketplace, with the exception of a share price of $2.00. However, that may not be long in coming. Although the stock traded at $0.65 on Wednesday April 20, 2016, it has hit a high of $2.40 over the past year.
The company began its sprint to the NYSE MKT listing in January 2015 when its large format Pro Series lithium ion phosphate (LiFePO4) battery system was launched at the Professional Golfers’ Association (PGA) show in Orlando, Florida. When it returned to the PGA show the following year in January 2016, it received orders of more than $250,000 and follow on commitments of some $20,575,000.
Then on October 1, 2015, the production launch of the Pro Series was announced. Initially aimed at the golf car market, the Pro Series is designed for task-oriented vehicles such as maintenance vehicles, forklifts, off road vehicles, and other applications that require professional and industrial levels of power. The Pro Series comes with a special user interface and battery management system called the Range Commander that allows the user to monitor the performance of their battery system through their smartphone, tablet, or computer.
In September 2015, Oakridge announced it had reached agreements with CBX Electronics (Orlando, Florida) and BESTCREWS (Tokyo, Japan) to become major participants in the Oakridge sales and marketing team. CBX Electronics and its staff of eight will join the Oakridge in-house sales and marketing team. The BESTCREWS team brings a staff of more than 50 inside and outside sales professionals to the Oakridge sales and marketing organization. BESTCREWS is one of the leading sales and marketing organizations in Japan. CBX Electronics brings more than 30 years’ experience in the Southeast U.S. and the Caribbean.
A few days later, Oakridge announced the production launch of its Patriot Series. The Patriot Series is a line of battery systems meant for radio controlled vehicles such as drones, multi-copters, aerial vehicles, water-based vehicles and land-based vehicles that require long lasting levels of power.
In February 2016, the company announced that Maritime Tactical Systems, Inc. (MARTAC) had conducted successful field trials of systems using Oakridge batteries. MARTAC is a Melbourne, Florida, based company that designs and produces the Man-Portable Tactical Autonomous Systems (MANTAS), which are designed to be used in numerous applications such as naval fleet protection, mine warfare, port and harbor security patrol, anti-piracy, search and rescue, and many others. The Oakridge batteries employed in the test were custom-made to MARTAC specifications.
Later in February 2016, Oakridge announced that it would be supplying batteries to Freedom Trucking in Minnesota. Freedom Trucking has developed a fully electric interstate truck propulsion system that will enable interstate trucks with a gross vehicle weight of 80,000 pounds to travel more than 400 miles. By utilizing a proprietary logistical system, powered by specially designed Oakridge battery systems, Freedom Trucking can now begin to utilize its revolutionary fully electric interstate trucks to move product from Chicago to Minneapolis. Using fully electric trucks to move this cargo will save each truck in excess of $0.60 per mile over traditional diesel fuel, according to analysis for Freedom Trucking by the U.S. Department of Transportation.
In March 2016, Oakridge announced the commercial introduction of its groundbreaking Liberty Series lithium ion motorcycle batteries at the 75th anniversary of the iconic Daytona Beach Bikefest, which ran from March 4 through the 14th. Later in March, the company announced a strategic business alliance agreement with Sojitz Machinery Corporation (Sojitz) of Tokyo, Japan, to provide equipment, materials, and financing to support the planned growth of Oakridge in the lithium ion battery market. Sojitz Group is a general trading company with a worldwide network comprising approximately 400 group companies and operations in 50 countries, including the U.S. The group has over 15,000 employees worldwide. Its annual revenues exceed $35 billion. With such spirit and vigor, Oakridge may soon be ringing the opening bell.
For more information, visit www.oakridgeglobalenergy.com
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