Oakridge Global Energy Solutions this morning released its
third-quarter results, a three-month period in which the company significantly
advanced its new manufacturing facility in Florida.
Total company assets for the third quarter ended September
30, 2015, exceeded $76.0 million, while liabilities are reported at slightly
more than $2.75 million. In the next year and a half, Oakridge said it plans to
continue to strengthen its balance sheet, and ramp-up and install more than
2.6GW hours of production capacity of U.S. manufacturing of electrodes, cells
and batteries in its facilities located in the Brevard County, Florida, area.
“During the process of restructuring this business we had
the opportunity to purchase a major supply of equipment and have continued to
develop I/P in the battery space,” Oakridge executive chairman and CEO Steve
Barber stated in the news release. “We are very pleased with the third-quarter
results and expect the fourth-quarter results to be even better. Our business
plan is simple; we develop, manufacture and sell products. I know it’s a bit
old fashioned, but we are in the business of manufacturing.”
Also in the third quarter, Barber, through the majority
ownership of Oakridge by Precept Fund Management SPC (“Precept”), funded the
creation of a major full-scale manufacturing facility for Oakridge in Brevard
County, Florida, in Melbourne and Palm Bay, further rooting the company’s
position in the battery industry.
“Our third-quarter results reflect the significant
investment that Precept has made into this exciting business,” stated Barber.
“From development of products to purchase of manufacturing equipment, this
business is now fully operational and poised for growth.”
Oakridge’s third quarter 2015 earnings report may be viewed
at http://www.otcmarkets.com/financialReportViewer?symbol=OGES&id=147767
For more information, visit www.oakg.net
About QualityStocks
QualityStocks
is committed to connecting subscribers with companies that have huge potential
to succeed in the short and long-term future. We offer several ways for
investors to find, evaluate, and learn more about investing in these companies.
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment