×

Oakridge Supplying Battery Systems to Fully Electric Interstate Trucking in the USA

Palm Bay, Florida, Feb. 24, 2016 (GLOBE NEWSWIRE) -- Oakridge Global Energy Solutions, Inc.
Info@oakg.net





Oakridge Global Energy Solutions:
A New Era In Battery Manufacturing

Oakridge Supplying Battery Systems to Fully Electric Interstate Trucking in the USA

FOR IMMEDIATE RELEASE

http://www.globenewswire.com/NewsRoom/AttachmentNg/af07ab92-18c0-4e75-b7e7-c5c476a9fce3
Fully electric interstate truck

February 24, 2016 Melbourne, Florida – Oakridge Global Energy Solutions, Inc. (OTCQB: “OGES”) is excited to announce that it will be supplying batteries to Freedom Trucking in Minnesota.

Freedom Trucking has developed a fully electric interstate truck propulsion system that will immediately enable interstate trucks with a gross vehicle weight of 80,000 pounds to travel more than 400 miles. By utilizing a proprietary logistical system, powered by specially designed Oakridge battery systems, Freedom Trucking can now begin to utilize its revolutionary fully electric interstate trucks in the interstate logistics industry to move product from Chicago to Minneapolis on a daily basis commencing in the last half of 2016.

Using fully electric trucks to move this cargo will save each truck in excess of $0.60 per mile over traditional diesel fuel according to initial analysis for Freedom Trucking by the US Department of Transportation, which will completely revolutionize the economics of the interstate trucking business in the USA, by saving on fuel costs, maintenance costs, and weight.

“The custom battery design for Freedom Trucking is an absolute game changer,” said Oakridge Executive Chairman and CEO, Steve Barber. “We are excited to be working with Freedom Trucking and their team on such a revolutionary product. We at Oakridge are continuing our mission to onshore manufacturing back to the US and this is a really big win for all of us. We are reducing carbon emissions, reducing our dependence on foreign oil, and bringing manufacturing back to the US, while at the same time playing a pivotal role in revolutionizing the interstate trucking business. This is a tremendous win for everyone in the USA.”

Freedom Trucking has been working on the design of the propulsion system with Ohio State University scientists and others for the past five years. This product has been hampered by poor quality Chinese batteries, but is now ready for full scale production in 2016 with high quality, “Made in USA” Oakridge battery systems.

“We are all about game-changing technology and products at Oakridge. Oakridge is THE “Made In The USA” battery company that has the talent and technology to overcome these types of obstacles for our customers in designing state-of-the-art high performance custom battery systems. With our new custom battery systems, we have now greatly expanded the effective range of the electric truck, now making them a practical reality for immediate application to the interstate trucking business, while at the same time providing a much safer, low maintenance vehicle by virtue of the more robust chemistry and the battery management systems we have designed for this product,” adds Mr. Barber.

http://www.globenewswire.com/NewsRoom/AttachmentNg/12e24818-c6ed-42c9-a340-3444fe5edaea
Oakridge Battery Power in the Interstate Truck

About Oakridge Global Energy Solutions, Inc.

Oakridge Global Energy Solutions Inc., is a publicly traded company, trading symbol: OGES on the OTCQB with a market capitalization of approximately USD $ 200,000,000, whose primary business is the development, manufacturing and marketing of energy storage products. Additional information can be accessed on the company's website www.oakridgeglobalenergy.com

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.

Contact:
Oakridge Global Energy Solutions, Inc.
www.oakridgeglobalenergy.com
3520 Dixie Highway
Palm Bay, 32905, Florida, USA
Ph: (321) 610-7959
Email: ir@oakg.net

Investor Inquiries:

Benchmark Advisory Partners LLC
Timothy Connor
Toll Free: (866) 703-4778
admin@bmarkadvisory.com

And:

Dutch DeWaard
Business Development
DreamTeamNetwork (DTN)
Austin, TX
www.DreamTeamNetwork.com
512.758.8877 Office
480.734.5834 Mobile
Dutch@DTN.fm

Source:Oakridge Global Energy Solutions