Oakridge Successful First Quarter Q1, 2016 Revenues Exceed Guidance

Oakridge Global Energy Solutions (OTCMKTS:OGES) announced 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.
As quoted in the press release:

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..

Oakridge Executive Chairman and CEO, Steve Barber, stated:

This is a very exciting time to be part of Oakridge. 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.

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