Palm Bay, Florida, March 15, 2016 (GLOBE NEWSWIRE) -- http://www.globenewswire.com/NewsRoom/AttachmentNg/a227c3aa-ec4e-457b-808b-19496e8fd8b1
Oakridge Global Energy Solutions, Inc.
Oakridge Global Energy Solutions:
A New Era in Battery Manufacturing
Oakridge Announces Strategic Business Alliance Agreement with Major Japanese Trading House
FOR IMMEDIATE RELEASE
Oakridge Corporate Headquarters
March XX, 2016 Palm Bay, Florida – Oakridge Global Energy Solutions, Inc. (OTCQB: “OGES”) is excited to announce a Strategic Business Alliance Agreement with Sojitz Machinery Corporation (“Sojitz”) of Tokyo, Japan to provide equipment, materials, and financing to support the planned growth of Oakridge in the lithium ion battery market.
Sojitz Group is a general trading company based in Tokyo, Japan, with a worldwide network comprising approximately 400 group companies and operations in 50 countries, including the US. The Group has over 15,000 employees worldwide, and has a long international history, tracing its origins back to the late 19th century, resulting from the merger of Nichimen Corporation (1892), Iwai Sangyo Company (1896) and Nissho Company (1902), to form Sojitz Corporation in 2005.
Sojitz Corporation is publicly traded on the Tokyo Stock Exchange (27680, Sojitz Corporation) with annual revenues exceeding $35 billion USD, with a credit rating of BBB+ .
The Sojitz Corporation website is: http://www.sojitz.com/en/
Sojitz Group is a major international participant in many sectors, and is comprised of the following business divisions:
- Automotive Division (vehicle export, local vehicle assembly, manufacturing & sales);
- Aerospace & IT Division (commercial sales representative for Boeing, Bombardier; military aircraft and business jets; ship building, owning and chartering; IT solutions and data centers);
- Infrastructure and Environment Division (power, steel, fertilizer, chemical and energy plants; transportation, water and renewable energy; industrial machinery and production systems);
- Energy Division (oil & gas, LNG, petroleum products, nuclear fuel cycle services and equipment);
- Metal and Coal Division (coal, iron ore, rare metals, industrial minerals and non-ferrous metals);
- Chemicals Division (industrial chemicals and plastics, rare chemical resources including lithium and barite, medical and healthcare including pharmaceuticals and hospital management, cosmetics);
- Foods & Agriculture Division (agribusiness, grain & feed material, foodstuffs – production, sales, trading);
- Lifestyle Commodities and Materials Division (afforestation and woodchips, textiles, apparel brand business – eg., Sojitz has contributed to the global expansion of the Nike brand since Nike was founded);
- Retail Division (logistics and wholesale of foodstuffs globally, development and operation of industrial parks, airport and urban infrastructure, including shopping centers and condominiums)
The Sojitz Group creates global value by generating earnings through its corporate business activities and through strong, long-term trust-based relationships with strategic business partners, while pursuing mutually beneficial outcomes that create future value and prosperity.
Sojitz Machinery Corporation is a 100% solely owned subsidiary of Sojitz Corporation. The Sojitz Machinery team specializes in the design and sourcing of industrial plant and machinery, and through the broader Sojitz Group can arrange the supply of all relevant production raw materials for the expansion of the Oakridge business strategy in the lithium ion battery sector. Through this Strategic Business Alliance Agreement, Sojitz joins Oakridge and its existing Japanese business advisory team to advise and supply Oakridge with the latest technology lithium ion battery manufacturing equipment, the highest quality raw materials, and to also provide Oakridge with the latest information on the global battery market, including the latest technologies, and will also support the marketing of all Oakridge battery products, as well as assisting Oakridge with trade and capital equipment finance.
“We at Oakridge regard our relationship with Sojitz as highly important because of the high profile global presence that Sojitz has in all the many business divisions listed above, its vast experience in the worldwide equipment and materials supply markets, and it immense network of relationships within the global lithium battery sector, not to mention its high reputation for integrity globally in all its dealings,” said Oakridge Executive Chairman and CEO, Steve Barber. “We are excited and honored to be working with one of the leading Japanese trading houses as we work together with Sojitz on a long-term basis to grow our battery business and fulfil our strategic growth objectives to be THE “Made in USA” lithium ion battery producer.”
“At Oakridge, we strive to align ourselves with the leaders in industry from suppliers to customers to business partners. Our relationship with Sojitz Machinery Corporation is further testament to this philosophy as Sojitz Group is a leading global organization of the highest standards, and with an experienced, dynamic and well-connected team. There is a lot of synergy between our two companies and we look forward to a mutually beneficial relationship as we move forward over the coming years,” adds Mr. Barber, who notes that Sojitz Group’s corporate byline summarizes the importance of this Strategic Business Alliance Agreement: “New Way, New Value: creating value and prosperity by connecting the world with a spirit of integrity”.
Oakridge is currently supplying products in the lithium battery market from its 70,000 square foot factory facility in Palm Bay, Florida, including battery systems for motorcycles and recreational vehicles, golf cars, unmanned radio controlled vehicles, and living space power. Oakridge has also announced the launch of its thin film solid state battery product line for 2017. The company is also engaged in product development for several other markets including electric vehicles.
Sojitz Corporate Headquarters, Tokyo, Japan
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
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Source:Oakridge Global Energy Solutions