Oak Ridge Energy Technologies (OTCQB: OKME) is in The StockGuru Spotlight for Thursday, September 11, 2014.
- Already up 16.28%
- Light trader, so not one to move large trades into.
Latest from 10Q:
(There’s much more than this, but this is a start.)
Our Plan of Operation for 2014 consists of the following objectives:
(1) The execution of the Joint Development and Marketing Agreement with Leclanché S. A., a Swiss share corporation (Leclanché), which was signed on April 9, 2014, and will position us to bring current Leclanché products into the U. S. market. We will undertake marketing and sales of these energy storage products to the residential, independent power producers and utilities markets. We will also perform product assembly and testing in the U. S., along with installation, start-up and ongoing customer service.
(2) Continue our efforts to develop and deploy pressure tolerant enhanced safety cells to the UAS (Unmanned Autonomous Systems) markets, primarily for UUV’s and UAV’s, with the planned delivery test cells for advanced abuse testing by a major systems integrator having been made in during the quarter ended June 30, 2014.
(3) Continue our business development and sales and marketing efforts to secure battery system supply arrangements in the product areas of electric fleet vehicles, back-up power opportunities and military, marine and industrial applications.
(4) Deploy both technical and business resources to support Precept Fund Management SPC (“Precept”) for and
on behalf of Prescient Fund Segregated Portfolio (“Prescient SP”) planned merger and acquisition activities in the energy storage industry.
During 2014, we will focus less on our efforts related to our thin film battery technology and the manufacturing process for our thin film batteries, but this will remain a long-term objective of the Company.