Oakridge Successful First Quarter Q1, 2016 Revenues Exceed Guidance

Palm Bay, Florida, April 04, 2016 -- OTCQB: OGES
http://oakridgeglobalenergy.com/

http://www.globenewswire.com/NewsRoom/AttachmentNg/8125a0d7-3dd4-4d6a-b5ba-76efc553d650

Oakridge Global Energy Solutions:
A New Era In Battery Manufacturing

Oakridge Successful First Quarter

Q1, 2016 Revenues Exceed Guidance

FOR IMMEDIATE RELEASE

http://www.globenewswire.com/NewsRoom/AttachmentNg/f7f4261b-f49f-43dd-a360-992de04c3dd5

http://www.globenewswire.com/NewsRoom/AttachmentNg/b4ab79a7-78f4-4b70-8048-ab636ffa466b

Oakridge Pro Series Battery Production

April 4, 2016 Palm Bay, Florida – Oakridge Global Energy Solutions, Inc. (OTCQB: “OGES”) is excited to announce the very successful completion of the first quarter of 2016 with the company now in commercial production of its game-changing lithium-ion battery products.  In continuing with the many successes previously announced Oakridge had its highest quarterly revenues in the history of the company by closing out the first quarter 2016 with $263,427 in revenues.

During what will clearly be seen as one of the most significant quarters in company history to date, Oakridge was able to continue to build momentum off its previously announced successes by generating the company’s first commercial revenues. 

Other previously announced milestones for the first quarter, 2016, were the successful launch of production operations; the signing of a Strategic Business Alliance Agreement with the major global Japanese company, Sojitz Machinery Corporation; the production release of the Liberty Series motorsports starter battery; the first regular commercial production shipments of the Pro Series golf car battery; the strategic business alliance with Maritime Tactical Systems, Inc.; and the  start-up of second shift production operations at the Company’s new Palm Bay, Florida, manufacturing facility. 

Each of these events is further demonstration of the successful business that has been created by the major restructuring process that the company undertook during the previous 18 months.

In mid-March Oakridge was able to provide the first revenue guidance in the company’s history to the markets.  This will become a trend as the company will now regularly provide revenue guidance for each quarter, as the company continues to build commercial production momentum throughout the remainder of the year by virtue of its offering customer focused, market leading products and service on a global scale.

Oakridge also looks to begin production shipments on its powerful Freedom IV series of living space power products in Q2 as well as continue product development and refinements in its  Pro Series, Liberty Series and Patriot Series of Golf Car, Power Sports, and Unmanned Vehicle battery product ranges..

“This is a very exciting time to be part of Oakridge,” said Oakridge Executive Chairman and CEO, Steve Barber. “We have, for the first time in company history (which dates back to the 1980’s), generated significant commercial revenues in Q1, 2016, and in doing so have exceeded our guidance of $250,000 in expected Q1 revenues.  We have an amazing team and an amazing product line.  Our team really pulled it all together in the first quarter and we are very proud of them.  We have passed the turning point after our lengthy restructure and transition of the company from an R&D company to a fully-fledged commercial production and manufacturing business and are looking forward to a very successful year in 2016.”

The Oakridge product development team has been working diligently to develop additional products for release throughout the balance of 2016.  Additional capacity has been added by nearly tripling the capacity in cell formation, and much more high speed automation equipment is on order for delivery before the end of 2016.

“We have some truly amazing products, powerful strategic alliances, and some highly synergistic acquisition opportunities in the queue to be announced in the very near future.  We aren’t ready to announce these quite yet, but you will need to keep an eye on our near term announcements, as they are likely to be truly transformative for the company” adds Mr. Barber.

http://www.globenewswire.com/NewsRoom/AttachmentNg/8d665128-2bd1-4e44-aaa0-72d768155739

http://www.globenewswire.com/NewsRoom/AttachmentNg/1998371a-e4c7-4313-adf1-ecbc29a5cde1

Oakridge Pro Series Batteries on pallet being readied for shipment

http://www.globenewswire.com/NewsRoom/AttachmentNg/67155504-435e-49db-8b85-1c6103a9b304

The Final Shipment of product for the First Quarter leaving the plant enroute to customers

http://www.globenewswire.com/NewsRoom/AttachmentNg/ada55fb6-25b1-43bd-b9f8-854c81d0b121

Oakridge Production Team readying products for Shipment

About Oakridge Global Energy Solutions, Inc.

Oakridge Global Energy Solutions Inc., is a publicly traded company, trading symbol: OGES on the OTCQB with a market capitalization of approximately USD $ 200,000,000, whose primary business is the development, manufacturing and marketing of energy storage products. Additional information can be accessed on the company's website www.oakridgeglobalenergy.com

Forward-Looking Statements 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 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:

Oakridge Global Energy Solutions, Inc.
www.oakridgeglobalenergy.com
3520 Dixie Highway
Palm Bay, 32905, Florida, USA
Ph: (321) 610-7959
Email: [email protected]

Investor Inquiries:

Benchmark Advisory Partners LLC
Timothy Connor
Toll Free: (866) 703-4778
[email protected]

And:

Dutch DeWaard
Business Development
DreamTeamNetwork (DTN)
Austin, TX
www.DreamTeamNetwork.com
512.758.8877 Office
480.734.5834 Mobile
[email protected]

And:

Mike King
Princeton Research
www.princetonresearch.com
702.650.3000
[email protected]