Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Leclanche SA and Oak Ridge Energy Technologies Enter Joint Development and Marketing Agreement


Print article Print article
2014-04-09 16:22:53 -

MELBOURNE, Fla. (FSCwire) - Oak Ridge Energy Technologies, Inc, (OTCQB: OKME) previously announced (March 8, 2014 announcement) it commenced discussion with Leclanche S.A. regarding a strategic alliance and technology exchange agreement, focusing on the US application by Oak Ridge of Leclanche's safety separator technology and grid storage units.



Oak Ridge Energy Technologies, Inc. today announces it has now entered into a joint development and marketing agreement with Leclanche S.A. to evaluate the US market, define a market entry strategy, undertake US certification, identify any further alliances that might be appropriate and determine what elements of Leclanche’s products could be assembled in Oak Ridge’s facilities in Melbourne, Florida.



The US energy storage market is developing rapidly. According to a recent study

completed by Navigant Research, more than 750 Megawatt of battery-based frequency regulation systems are expected to be built in North America by 2023.



Under the Joint Development Agreement, Oak Ridge will dedicate specific marketing and technical resources to promote Leclanche’s Stationary and Portable products and services.



FORWARD-LOOKING STATEMENTS 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:

Oak Ridge Energy Technologies

Ben Jackson, 213-674-6700

ir@oakridgeenergytech.com


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/OakRidgeApr92014.pdf

Source: Oak Ridge Energy Technologies (OTCQB:OKME) www.oakridgemicro.com/

Maximum News Dissemination by FSCwire. www.fscwire.com

Copyright © 2014 Filing Services Canada Inc.


Author:
Fred Gautreau
e-mail
Web: www.fscwire.com
Phone: 14037173898

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com