MissionIR Exclusive Audio Interview With Oakridge Global Energy Solutions CEO Steve Barber

Cleantech Investing
Cleantech Investing

Oakridge Global Energy Solutions (OTCMKTS:OGES) CEO Steve Barber discussed Oakridge’s business model and recent visit from Florida Governor Rick Scott to celebrate the opening of its new headquarters with MissionIR.

Oakridge Global Energy Solutions (OTCMKTS:OGES) CEO Steve Barber discussed Oakridge’s business model and recent visit from Florida Governor Rick Scott to celebrate the opening of its new headquarters with MissionIR.
OGES CEO Steve Barber stated in the interview:

[Governor Scott] was here to not only himself personally open our new headquarters, which is our expansion facility because we outgrew our initial starting point from two years ago, but he also announced a… $33 million incentive package from a combination of the state of Florida, the local county [Brevard County]… and the city of Palm Bay, which is where our corporate headquarters is. I think that really got everybody’s attention quite nicely.
Through our family fund we searched around and about two years ago we found Oakridge and decided to invest in and take control of it,” Barber explains. “And that’s another good thing for investors, because as a family fund we’ve got our two parallel funds… and we own almost 90% of the company, which means that we can do the restructure that we needed to do successfully, reposition the company how it needs to be repositioned, inject fresh capital — which has been, in total, around about $40 million. We really put our money where our mouth is with this one. And of course, we’re long-term holders… we aren’t going anywhere anytime soon.
It’s extremely important to us, in creating a successful company, that you have the right team. That’s really what we’ve spent the last 18 months to two years doing. We restructured the company completely, cleaned it up… We’ve filed for NASDAQ — which the company expects to achieve when the share price climbs to $4. The company is also gearing up to order new equipment to expand its existing production to become fully operational by spring of 2016, positioning the company among the top 10 battery manufacturers by capacity in the world.

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