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Oakridge Global Energy Solutions, Inc. (OGES) Building Shareholder Value and Creating Jobs with Newly-Expanded Manufacturing Facility
The reinvigoration of the U.S. manufacturing sector is bolstering the economy and creating thousands of stable jobs. For the first time in more than a decade, domestic output and employment figures are recording steady growth, with manufacturing output increasing by 38 percent since the end of the recession, according to the U.S. Department of Commerce. This shift toward domestic manufacturing solutions has accounted for 19 percent of the rise in real gross domestic product since June 2009, as well as adding 646,000 jobs, as of June 2014.
The state of Florida, in particular, has benefitted from this manufacturing boom. Florida currently has approximately 321,000 manufacturing employees in various industries, and Oakridge Global Energy Solutions, Inc. is doing its part to sustain this economic growth. As part of its recent expansion, the company created more than 1,000 new jobs in Palm Bay, Florida, through the launch of its new 68,700 square foot manufacturing facility.
Earlier this month, Florida Governor Rick Scott, along with several local dignitaries and business entrepreneurs, met with members of the Oakridge staff and executive team to celebrate the company’s positive impact on the local community.
“Oakridge Global Energy Solutions could have moved their headquarters anywhere in the world, and I am proud to announce that they chose to remain in Florida and create 1,000 new jobs,” Governor Scott told the media following a tour of the company’s new facility. “Growing businesses like Oakridge… create opportunities for Floridians to provide for their families and build great careers.”
In recognition of the company’s impact on the local economy, the governor bestowed the prestigious ‘Governor’s Business Ambassador’ medal to Oakridge executive chairman and CEO Steve Barber.
Oakridge has made considerable progress toward capitalizing on its current momentum in recent weeks. The company recently announced that it has completed testing on both its ProSeries line of heavy duty battery systems for task oriented vehicles and its Patriot Series line of battery systems for radio controlled vehicles. Both lines utilize Oakridge’s proprietary chemistry formulation, allowing users to operate their vehicles much longer than is possible using conventional batteries. Moving forward, both product lines will be manufactured at the company’s expanded plant in Florida.
For prospective shareholders, Oakridge represents an opportunity to invest in both a rapidly growing company and a key player in the ongoing effort to bring jobs back to American soil.
For more information, visit www.oakg.net
