Oakridge Global Energy Solutions Recognized for Ushering in New Era in Battery Manufacturing, Creating Local Jobs

PALM BAY, Fla., Oct. 12, 2015 (GLOBE NEWSWIRE) — Oakridge Global Energy Solutions, Inc. (OTCQB:OGES) recently received impressive accolades from a major press conference in which Florida Governor Rick Scott, joined by several local dignitaries and business entrepreneurs, met with members of the Oakridge staff and executive team to celebrate the Company’s upcoming expansion plans and their impact on the local community.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f629f11f-6164-495f-aeda-6be0caf30cc4

The event took place on October 6 when Governor Scott, along with Space Coast Economic Development Commission CEO Lynda Weatherman, City of Palm Bay Mayor William Capote, and several other distinguished guests, visited Oakridge’s new corporate headquarters and manufacturing center in Palm Bay to recognize the Company’s expansion and subsequent creation of 1,000 new jobs in the community. This expansion is part of Oakridge’s existing and ongoing $270 million investment in its Brevard County lithium ion battery development and manufacturing facilities.

After his tour of Oakridge’s sprawling new 68,718-square-foot facility – a necessary upgrade from the Company’s previous 12,500-square-foot facility – Governor Scott addressed the throng of major media outlets from Central Florida, stating, “Oakridge Global Energy Solutions could have moved their headquarters anywhere in the world and I am proud to announce that they chose to remain in Florida and create 1,000 new jobs.  Growing businesses like Oakridge…create opportunities for Floridians to provide for their families and build great careers, and that is why we will work with the Legislature to fully fund Enterprise Florida so more businesses have the opportunity to grow in Florida.”

The Governor personally greeted each Oakridge employee during his visit, and bestowed the prestigious “Governor’s Business Ambassador” Medal to Oakridge Executive Chairman and CEO, Steve Barber.

“I am excited to receive such a distinction from Governor Scott and his strong backing for what we are doing at Oakridge on the Space Coast. In Governor Scott, the State of Florida has a great leader committed to job creation, and I know that we have made the right decision to continue our growth strategy for Oakridge by staying in Florida, especially on the Space Coast and in Palm Bay.  Few things matter more to families than well-paying jobs,” he stated afterward. “This celebration today is really about 1,000 Florida families who are now going to have good jobs in the future for the long term at Oakridge.  The “Governor’s Business Ambassador” Medal will hang proudly in my office as we create those jobs”.

“We really appreciate the support of Governor Scott, Enterprise Florida, the EDC of Florida’s Space Coast, and our local partners at the City of Palm Bay, especially Major Capote, as we begin this great expansion. Oakridge is proud to be a Florida business that offers high quality, “Made in America” products to customers across the world.”

Local leaders also reminded the standing crowd that October is “Manufacturing Month.”  Florida currently has approximately 321,000 manufacturing employees in various industries.  Bill Johnson, president and CEO of Enterprise Florida, said, “Oakridge Global Energy Solutions’ expansion and creation of 1,000 new jobs is exciting news for our state.  As we continue to diversify our economy and market, Florida is the best state for business. Projects like Oakridge are great examples of what we can accomplish as a state.”

Oakridge’s planned jobs growth and corporate expansion will start immediately and continue to roll-out throughout the course of approximately three years.

About Oakridge Global Energy Solutions, Inc.

Oakridge Global Energy Solutions Inc. is a publicly traded company, trading under the symbol OGES on the OTCQB with a market capitalization of approximately USD $300,000,000. Oakridge’s strategy is to simultaneously deliver innovation and build an industrial scale platform that includes multiple lithium ion technologies and form factors that are optimized to address four target markets:

  • The Freedom Series for stationary and grid storage, telecom backup and living space power for RVs, trucks and boats;
  • The Pro Series for motive applications including fleet vehicles, Local Area Electric Vehicles and Hybrid Electric Vehicles, especially golf cars;
  • The Patriot Series for specialty applications including Remote Control Civilian and Military Aerial, Land and Underwater vehicles, including the hobby market;
  • The Liberty Series for starter motor batteries for motorcycles, jet skis, ski mobiles and boats.

Oakridge’s technology team is strongly engineering driven, with core capabilities in materials, product design, process control, manufacturing technology, quality and safety. The management team is comprised of individuals with long-term experience in both innovative startup companies and large industrial entities with worldwide operations in Chemical and Energy related sectors. Oakridge maintains its headquarters in the USA where it also has established product development and low volume manufacturing infrastructure. The company plans to expand in the US, EU, and Asia.

Additional information can be accessed on the company’s website at www.oakg.net.

Forward-Looking Statement 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 statement 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 unknowns 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.


The Company:

Oakridge Global Energy Solutions, Inc.
3520 Dixie Highway, NE
Palm Bay, Florida 32905 USA
Phone (321) 610-7959


Benchmark Advisory Partners LLC
Timothy Connor
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