Oakridge Global Energy Solutions, Inc. Announces Acquisition of Shareholding in Leclanche S.A.
Filing Services Canada - Thu Jul 02, 8:33AM CDT
Oakridge Global Energy Solutions, Inc. Announces Acquisition of Shareholding in Leclanche S.A. Melbourne, Florida (FSCwire) - Oakridge Global Energy Solutions, Inc. (OTCQB:OGES), a global leader in the development and manufacturing of solid-state battery systems, today announced the closing of its acquisition of 11,000,000 shares of Leclanche S.A. (LECN: SW), previously held by asset management company Precept Fund Management SPC on behalf of Precept Fund Segregated Portfolio (Precept), the Companys major shareholder. In consideration for the transfer, Oakridge has issued Precept with 78,763,725 shares of common stock of Oakridge, the terms of which have been previously announced in the Companys 8-K Current Report, as amended, respectively filed with the SEC on December 11, 2014, and March 2, 2015. For additional information on this acquisition, please see these Current Reports and the 8-K Current Report filed with the Securities and Exchange Commission on July 2, 2015. The 11,000,000 share acquisition by Oakridge represents the major shareholding interest in Leclanche S.A., and the closing price of LECN shares on the Swiss Stock Exchange on June 30, 2015, was CHF 3.68 (or approximately USD$4.00 per share at the prevailing exchange rate on June 30, 2015. The acquisition was completed on June 30, 2015, by Oakridges newly formed, and previously announced, wholly-owned Hong Kong subsidiary, Oakridge Global Energy Solutions (Hong Kong) Limited, as part of Oakridges unfolding strategy to become a true global presence in the international lithium ion battery manufacturing sector. Purpose of Acquisition Oakridge is principally engaged in the research, development, manufacturing and marketing of a state-of-the-art range of Lithium Ion energy storage solutions, from individual cells to complete batteries and battery systems for the consumer market. Following on from the recently announced successful completion of the Companys comprehensive 18-month restructure of its business and operations, Oakridge now intends to proactively develop its global brand and cutting-edge technology by identifying strategic market opportunities and by partnering with key industry participants. The Company is solidly working towards developing its existing businesses as well as continuously identifying new business segments in order to achieve its short and medium-term business plan targets, with the objective of a NASDAQ capital markets listing in the very near future. With Leclanches 100 year-old tradition in Swiss engineering, combined with its German manufacturing expertise, management believes this acquisition strengthens the new Oakridge global brand and market strategy. In addition, management believes the acquisition by Oakridge of Precepts significant holdings in Leclanche will enhance the abilities of both Oakridge and Leclanche to further expand their respective product offerings in the global marketplace through their previously announced strategic alliance, and also will enable them both to access the Asian marketplace through Precepts significant connections in Japan, China and Australasia, which will be made available by Precept to both companies as a result of this transaction. We are delighted to add Leclanche to Oakridges strategic investment portfolio. It strengthens our existing capability and immediately enhances our global footprint, a key stated strategic objective for this year, as well as building on the strategic alliance announced last year between Oakridge and Leclanche, said Steve Barber, Oakridges Executive Chairman and Chief Executive Officer. Precept commented that Leclanche is an extremely well known and revered name in the global battery industry, being the oldest continuously listed company on the Swiss Six Stock Exchange, first founded in 1909, and the inventor of the dry cell battery and a real pioneer in the modern-era energy storage marketplace. Precept continued, We are also excited about the opportunities that Oakridge can bring to Leclanche, this being the first time that Leclanche has had a strategic battery industry shareholder, and Oakridge as that new strategic shareholder also presents Leclanche with the opportunity for a more global scope in its product reach. It also consolidates Precepts two battery investments under one single holding, Oakridge, so as to maximize the benefits to both companies of the forthcoming Oakridge NASDAQ capital markets application. About Oakridge Global Energy Solutions, Inc. Oakridge Global Energy Solutions is a publicly traded company, listed as OGES on the OTCQB whose primary business is the development, manufacturing and marketing of energy storage products. For additional information about the Company, please see the Companys 10-K Annual Report for the year ended December 31, 2014, which was filed with the Securities and Exchange Commission on May 8, 2015, and the Companys website listed below. Forward-Looking Statements Disclaimer This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: anticipate, believe, continue, could, estimate, expect, intend, may, ongoing, plan, potential, predict, project, should, will, would, or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov (http://www.sec.gov). Contact: Oakridge Global Energy Solutions, Inc. www.oakg.net (http://www.oakg.net) 751 North Drive, Suite 9 Melbourne, FL 32934 Ph: (321) 610-7959 To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...y22015.pdf Source: Oakridge Global Energy Solutions Inc. (OTCQB:OGES) http://www.oakridgemicro.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Oakridge Global Energy Solutions, Inc. Hong Kong Subsidiary Formed
Filing Services Canada XHTML - Tue Jun 30, 8:32AM CDT
Oakridge Global Energy Solutions, Inc. Announces a New Era in Made in the USA Battery Manufacturing
Filing Services Canada - Tue Jun 16, 9:15AM CDT
Oakridge Global Energy Solutions, Inc. Announces a New Era in Made in the USA Battery Manufacturing Melbourne, Florida (FSCwire) - Oakridge Global Energy Solutions, Inc. (OTCQB:OGES), a global leader in domestically manufactured battery systems, announces that it has now fully and successfully completed the detailed structuring of the company and its operations that have been underway for the past 18 months and is now aggressively open for business under its new name Oakridge Global Energy Solutions and corporate branding, reflecting a broader mission and the addition of improved service and technology solutions. The companys two manufacturing plants in Melbourne, Florida are now beginning to ramp up towards commercial production to meet the companys growing demand for its cutting-edge large format Pro Series golf car batteries and small format Patriot Series RC batteries that have been met with tremendous market interest. Over the last year and a half, we have been quietly rebuilding our company for the global launch of a range of new Made in the USA battery products to meet the customer backlog that we now have, said Steve Barber, the companys Melbourne based Executive Chairman and Chief Executive Officer. Our new brand captures our global presence, our commitment to excel in customer service, and the high quality of the products that we are able to provide. The market can look forward to more announcements from the company as it continues with its production ramp up, corporate development and release of exciting new consumer focused cutting edge lithium ion battery and energy storage solutions. About Oakridge Global Energy Solutions, Inc. Oakridge Energy Technologies is a publicly traded company, listed as OGES on the OTCQB, whose primary business is the development, manufacturing and marketing of energy storage products. Additional information can be accessed on the companys website www.oakg.net (http://www.oakg.net). Contact: Oakridge Global Energy Solutions, Inc. www.oakg.net (http://www.oakg.net) 751 North Drive, Suite 9 Melbourne, FL 32934 Ph: (321) 610-7959 To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...162015.pdf Source: Oakridge Global Energy Solutions Inc. (OTCQB:OGES) http://www.oakridgemicro.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
Oakridge Global Energy Solutions, Inc. Appoints Chief Financial Officer
Filing Services Canada XHTML - Thu May 28, 3:10PM CDT
InsiderInsights.com Daily Round Up 4/9/15: OVAS, AGCO, OPK, OGES
InsiderInsights - at Seeking Alpha - Fri Apr 10, 8:58AM CDT
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Oakridge Global Energy Solutions Adds Large Format Prismatic Manufacturing Capability
Business Wire - Fri Feb 13, 9:00AM CST
Oakridge Global Energy Solutions, Inc. (OTCQB: OGES), a cutting-edge technological leader in solid-state battery systems, purchased large format prismatic lithium ion manufacturing equipment with an estimated replacement value of more than $10,000,000 from Bren-Tronics on October 20, 2014. This equipment has now been relocated to Melbourne, Florida and is ready for installation. Oakridge is currently negotiating a lease for a 50,000 square foot building necessary to commence large scale production of the energy efficient, high energy Pro Series Lithium Phosphate Golf Car Battery Systems that were recently unveiled by Oakridge with great success at the PGA Show recently held in Orlando on January 21-23, 2015.
Oakridge Global Energy Solutions Unveils Lithium Golf Car Battery Systems at PGA Convention in Orlando
Filing Services Canada XHTML - Tue Feb 03, 8:32AM CST
Oakridge Global Energy Solutions Announces Execution of Letter ofIntent to Acquire Substantial Interest in Leclanche S.A.
Business Wire - Thu Dec 11, 4:00PM CST
Oakridge Global Energy Solutions, Inc. (OTC: OGES), a cutting-edge technological leader in solid-state battery systems, today announced the execution of a binding Letter of Intent to acquire controlling interest in Leclanche S.A., a Swiss share company.