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Oakridge Global Energy Solutions, Inc. (OGES) Stands Tall as the Only ‘Made in the USA’ Lithium-Ion Battery System Producer

Global demand for lithium-ion batteries in on the rise, and the North American market is leading the charge. The United States currently ranks first in the world in terms of overall number of lithium-ion battery-based grid storage projects, and growing demand for North American alternatives to Chinese-made lead-acid batteries is creating an immediate market for domestically-produced stored energy solutions. It is in this area that Oakridge Global Energy Solutions, Inc. (OTCQB: OGES) is promoting rapid and sustainable growth.

“This company is specifically orientated and has been consciously focused to be the poster child of the onshoring movement,” Steve Barber, chief executive officer of Oakridge, stated in a news release.

As the only ‘Made in the USA’ lithium-ion battery system producer, Oakridge is quickly capitalizing on this ongoing market shift by targeting the golf cart, remote control and unmanned aerial vehicle and home energy storage markets. The company’s focus on these highly profitable niche markets has already helped it confirm order backlogs worth $19.3 million in the U.S., as well as $110 million in domestic and international orders that are currently awaiting firm delivery schedules. With continued development, the commercial potential of the company’s proven technology and proprietary chemistry is effectively limitless.

While Tesla (NASDAQ: TSLA) is capturing its fair share of attention for its battery-powered products, both the Harvard Business Review and The Washington Post have said that golf carts have considerable potential for disrupting the auto industry. Both publications noted how disruptive technologies often begin as inexpensive offerings that, initially, fly under the radar. By competing in an emerging sector, Oakridge is able to dodge expensive and time-consuming government regulation while refining its technology in order to better challenge industry leaders. Eventually, this advantage could translate into broadened consumer appeal and a larger market share.

Despite the immense benefits that Oakridge’s lithium-ion batteries offer over traditional lead-acid batteries – including lighter weight, smaller form factor, longer power cycles and shorter recharging times – they are both sold at the same price point. In the case of the company’s Pro Series products, which are specially designed for use in golf carts and other professional service electric vehicles, using Oakridge’s lithium-ion batteries allows consumers to eliminate as much as half the weight of the vehicle without adding any additional expense.

“We very surgically went on an 18-month program to figure out what was the highly profitable low-hanging fruit niche markets that has high barriers to entry,” continued Barber. “That’s why we do what we do with the products we have, which are golf cart batteries – lithium-ion high power golf cart batteries – but we have striven very carefully to make them for the same price as lead-acid batteries.”

Moving forward, Oakridge will look to build on its recent progress by continuing to proactively develop its global brand and cutting-edge technology while identifying strategic market opportunities and partnering with key industry participants. Under the guidance of its proven management team, the company is strategically positioned to capitalize on the rising demand for groundbreaking energy storage solutions for the foreseeable future.

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