PR-Inside.com: 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.
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Oak Ridge Energy Technologies
Ben Jackson, 213-674-6700
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Source: Oak Ridge Energy Technologies (OTCQB:OKME) www.oakridgemicro.com/
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