Oak Ridge EnergyTechnologies Inc. and Leclanche S.A. Enter a Joint Development and Marketing Agreement

April 9, 2014—Melbourne, Florida: Oak Ridge Energy Technologies, Inc. (Code: OKME) (“Oak Ridge”) previously announced on March 8, 2014 it commenced discussions with Leclanché S.A. (“Leclanché”) regarding a strategic alliance and technology exchange agreement, focusing on the US application by Oak Ridge of Leclanché’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 Leclanché 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 Leclanché’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 Leclanché’s Stationary and Portable products and services.

FORWARD-LOOKING STATEMENTS
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Press Contacts:

Oak Ridge Energy Technologies, Inc.

Ben Jackson (213) 674-6700