Oakridge Energy Announces Start of Operations at New Manufacturing Facility

Oakridge Global Energy Solutions (OTCMKTS:OGES) announced the opening of its $40 million, 70,000-square-foot state-of-the-art manufacturing facility in Palm Bay, Florida. This new facility will immediately begin full commercial production fulfilling orders.
As quoted in the press release:

This marks the completion of the Company’s transition–begun in July 2014 and continued through December 2015–from a primarily Research & Development company to a full-fledged battery manufacturing company. With over $40 million invested in research and product development since mid 2013 the opening and operation of the manufacturing facility confirms the commercial viability of Oakridge’s innovations and represents the most significant step forward in the Company’s history.

Oakridge Global Energy CEO, Steve Barber, stated:

We started 2016 with full commercial production and customer focus. We are excited to announce that we have now begun regularly shipping our groundbreaking lithium-ion batteries to the golf cart and motorcycle markets, as well as a number of significant custom and semi-custom markets. This signifies the first time Oakridge is on permanent, routine commercial production footing,” Barber continued. “With the domestic US market representing over 35% of global demand, we are uniquely capable of leveraging our position as the only domestic manufacturer of lithium-ion batteries

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