Palm Bay, Florida – Oakridge Global Energy Solutions Inc., a leading supplier and manufacturer of lithium-ion batteries for medical device, military, and civilian applications, opened its $40 million, 70,000ft2 state-of-the-art manufacturing facility last month. This new facility will immediately begin full commercial production fulfilling orders.
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 more than $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.
“We started 2016 with full commercial production and customer focus,” said Oakridge CEO, Steve Barber. “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. With the domestic U.S. market representing more than 35% of global demand, we are uniquely capable of leveraging our position as the only domestic manufacturer of lithium-ion batteries.”
About Oakridge Global Energy Solutions Inc.
Oakridge Global Energy Solutions Inc. leads in the innovation, development, manufacturing and marketing of disruptive energy storage technology for, medical, civilian, and military uses. The company’s research & development has led to some of the world's longest-lasting rechargeable power sources currently available, with a battery life up to 3 times greater than its foreign-manufactured counterparts. Located in Palm Bay, Florida, the company operates the only lithium-ion battery manufacturing facility in the United States.
Source: Oakridge Global Energy Solutions