Oakridge Global Energy Solutions was recently featured on The Princeton Research Money Info show, which is broadcast live on the internet and on the air in Port St. Lucie, Florida. During the show, investing experts Mike King and Charles Moskowitz interviewed Steve Barber, executive chairman and chief executive officer of Oakridge, about the company’s recent success. As the company behind the only ‘Made in the USA’ lithium-ion battery, Oakridge is in a strong strategic position to capitalize on the global market opportunity presented by the energy storage industry, which is expected to eclipse $70 billion in sales by 2020.
In the interview, Barber outlined the recent restructuring of Oakridge. The company’s reorganization was funded through a $39 million investment by the Precept Fund – an international, five family investment group from Australia, Japan and Switzerland with a long-term view of building and owning profitable businesses. Through this significant investment, Barber and the Oakridge management team have reinvented the company, better positioning it to compete in a market with sustainable demand and favorable markups. However, Oakridge’s mission goes beyond fast growth, as Barber indicated on the show. Instead, the company is being built as a long-term addition to the global energy storage market, which is rapidly evolving in search of dependable, high-quality offerings.
This market evolution is demonstrated by the number of lithium battery manufacturers currently in operation. At one time, Asian markets experienced a boom, and roughly 1,400 lithium battery manufacturers occupied the space. Over time, inferior quality products and unsustainable pricing models have eliminated a substantial portion of these battery producers. Analysts expect the global number of lithium battery manufacturers to fall to about 250 by next year.
Oakridge is combatting current market conditions by creating superior quality batteries that address the specific needs of consumers. While industry giants such as Tesla (NASDAQ: TSLA) and Panasonic (OTC: PSRFY) remain limited to producing standardized batteries in enormous quantities, Barber noted Oakridge’s ability to create specialized products that maximize the company’s market impact and enable strong returns for shareholders.
To listen to the full interview, visit www.princetonresearch.com/radio-shows
For more information, visit www.oakg.net
