Oakridge Global Energy Solutions (OTCMKTS:OGES) announced a Strategic Business Alliance Agreement with Sojitz Machinery Corporation of Tokyo, Japan to provide equipment, materials, and financing to support the planned growth of Oakridge in the lithium ion battery market.
As quoted in the press release:
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+ .
Oakridge Global Energy Solutions Executive Chairman and CEO, Steve Barber, stated:
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. 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.
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