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Star Mountain Resources, Inc. (SMRS) Strengthens Cash Position as Zinc Prices Continue to Surge

Earlier this week, Star Mountain Resources, Inc. (OTC: SMRS) filed a form 8-K with the U.S. Securities and Exchange Commission regarding a promissory note issued by its wholly-owned subsidiary, St. Lawrence Zinc Company, LLC, in the aggregate principal amount of $500,000 payable to the Development Authority of the North Country, a New York public benefit trust. Payments of accrued interest associated with the loan are set to commence on April 1, 2016. Repayment of the principal amount, as well as all accrued and unpaid interest, is due on or before April 1, 2017. In the filing, the company states that the proceeds of this loan will be used for general working capital purposes.

By strengthening its cash position, Star Mountain will look to capitalize on the recent rise in zinc prices. As previously discussed in an article on QualityStocks (http://dtn.fm/DI2Od), zinc was hampered last year, in large part, by China’s economic slowdown, which seriously impacted global demand. However, with global mine depletion and severe production cutbacks tightening supply, prices have rebounded strongly. Year to date, the mineral has rose more than 27 percent since bottoming in early January (http://dtn.fm/8E7hd), closing at $1,869.75 on March 20, and zinc has shown no signs of slowing down. In fact, according to analysts with Goldman Sachs, zinc currently has “the strongest bull case” of the metals market (http://dtn.fm/5Bg0O).

Star Mountain originally entered the zinc mining business last November, when, despite slumping commodity prices, the company’s management team closed on the acquisition of Northern Zinc and Balmat Holding Corporation, including St. Lawrence Zinc Company, LLC and its mining operations in the Balmat mining district of St. Lawrence County, New York. This move demonstrated the foresight of the company’s management team, as outlined in an article on the QualityStocks blog (http://dtn.fm/jlP9k).

“We continue to evaluate the current zinc market and the best strategy to move forward with a production plan and schedule,” Joe Marchal, chief executive officer of Star Mountain, stated in a recent news release.

In February, the company’s investors received more positive news when an Industry Guide 7 (IG7) Mineral Reserve Report for the Balmat mine property supported Star Mountain’s initial reserve estimate, reflecting roughly 585,000 tons of proven and probable reserves with a 9.2 percent grade zinc that could generate an estimated $80.8 million in revenue over an initial 2.5-year mine plan. The report also reaffirmed the company’s confidence that the property could sustain production as part of a larger, 8.5-year mine plan moving forward.

“We believe the findings in the IG7 report are very positive and reaffirm our confidence that the geological and engineering conditions reflected in the long production history of the Balmat mining operation can be sustained well into the future beyond the initial 2.5-year plan,” continued Marchal.

Having previously announced intentions to proceed with zinc recovery in a timely manner, Star Mountain’s recent efforts to strengthen its short-term cash position should come as no surprise. With zinc already climbing above Goldman Sachs’ 12-month target price and recent news that China is expected to eliminate an estimated 500,000 metric tons of high cost zinc smelting output capacity by the end of the year (http://dtn.fm/8vMho), the time appears to be right for Star Mountain to push forward in capitalizing on its promising mining operations. Look for the company to leverage the expertise of its proven management team and a strengthened cash position as it progresses toward recommencement of mining operations at the Balmat Mine in the near future.

For more information, visit www.starmountainresources.com

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OurPet’s Company (OPCO) Reaches Favorable Settlement in Patent Infringement Case

Before the opening bell, OurPet’s Company (OTCQX: OPCO) announced a patent infringement settlement with Van Ness Plastic Molding Co., Inc. In the previously filed suit, OPCO alleged that Van Ness’ stainless steel, rubber-bottomed bowls infringed upon the company’s 529 utility patent, which covers a feeding dish with rubber on the bottom where the rubber does not extend up a sidewall. According to the news release, the matter was settled favorably to OurPet’s.

“We are pleased with the outcome of this patent infringement case,” Dr. Steve Tsengas, president and chief executive officer of OPCO, stated in this morning’s news release. “In the future, OurPet’s will continue to protect the value of our innovative product lines, and specifically our intellectual property portfolio, which currently includes 160 patents issued or pending.”

The intellectual property in question covers the company’s DuraPet® line, which is the leading line of pet dishes in the pet industry. According to the product’s description on Amazon (NASDAQ: AMZN), the OurPet’s DuraPet® Bowl uses a permanently-bonded rubber ring on the bottom of the bowl to prevent sliding and reduce noise while the pet is eating. The stainless steel bowl is scratch-resistant and crack-proof, and the product is dishwasher-safe for easy cleaning.

Over the years, OPCO has developed an expansive line of innovative pet products, including a strong IP portfolio featuring 160 issued or pending patents in the United States. In addition to its steadfast commitment to driving innovation in the pet industry, the company has committed significant effort to enforcing its patents against copycat competitors. These efforts have helped OPCO maintain a sizable and growing presence in the pet industry, as demonstrated by the company’s latest financial results.

In the fourth quarter of 2015, OPCO recorded $450,592 in net income, an increase of 10 percent from the same period in 2014. Likewise, the company’s 2015 full-year net income was up 74 percent over the results from the prior year, with OPCO continuing to benefit from specific management initiatives that resulted in lower fixed costs, lower production costs and lower general and administrative expenses. Following the successful implementation of its dual branding strategy, by which OPCO markets the OurPet’s brand for the pet specialty channel and the Pet Zone brand for the food, drug and mass retail channels, the company is well-positioned to build on these results and continue its positive momentum throughout the first quarter of 2016 and beyond.

For more information, visit the company’s website at www.ourpets.com

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Nutra Pharma Corporation (NPHC) Proves Strength in Numbers Can Make a Difference

A biotechnology company, Nutra Pharma Corporation (OTCQB: NPHC) focuses on acquiring, licensing, and commercializing pharmaceutical products and technologies. The company concentrates on preventing and treating neurological disorders, cancer, and autoimmune and infectious diseases. Currently, Nutra Pharma offers Nyloxin® and Nyloxin® Extra Strength, the only non-narcotic and non-addictive treatments for severe pain that are sold over-the-counter. The company also markets Pet Pain-Away, an over-the-counter pain reliever for beloved pets. Furthermore, its multiple sclerosis and HIV applications are ready to move into phase II clinical trials. Through its two wholly-owned subsidiaries, Designer Diagnostics and ReceptoPharm, Nutra Pharma has already been able to contribute to the biopharmaceutical field in tremendous ways.

ReceptoPharm, the “drug discovery arm” for Nutra Pharma, develops therapeutic protein products that help prevent and treat viral, autoimmune, and neurological diseases in humans. For these products, the company focuses on receptor-binding proteins found in nature, specifically cobra venom. The two leading products created by ReceptoPharm are RPI-MN and RPI-78M. The first hinders neurological damaging viruses like encephalitis and HIV. The second treats neurological disorders like multiple sclerosis and adrenomyeloneuropathy. Both of these products are easily administered, stabilized, and cause no severe side effects.

Established in 2005, Designer Diagnostics develops and markets test kits that can identify harmful disease-causing bacteria quickly. This early detection allows doctors to administer treatments immediately to prevent the spreading of disease. The company’s diagnostic tests can detect harmful nontuberculous mycobacteria, which can lead to tuberculosis, nocardia, pseudomonas, and mycobacterium avium complex. Fortunately, these tests can detect diseases in less than a week, have a long shelf life, and can be stored in almost any environment. Plus, they are cost-effective and can integrate easily with any laboratory, which makes prevention both feasible and accessible.

Nutra Pharma, backed by its subsidiaries, aims to deliver bio-pharmaceutical breakthroughs that proactively increase the quality of life of people with debilitating diseases. By continuing its business model of acquiring biotechnological companies with similar goals and interests, the company stands to make an enormous impact in the pharmaceutical industry.

For more information on the company, visit www.NutraPharma.com

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Dominovas Energy Corporation’s (DNRG) RUBICON™ Fuel Cell Technology Could Light Up a Dark World

A recent report labelled Progress Toward Sustainable Energy (http://dtn.fm/tU0nk) published the findings of energy experts from 15 agencies under the leadership of the World Bank and the International Energy Agency (IEA). The report cast a global spotlight that showed there are large swaths of the world without electricity. The report was also a good reminder of the world of opportunity that lies before the Dominovas Energy Corporation (OTCQB: DNRG) with its solid oxide fuel cell (SOFC) technology known as the RUBICON™.

According to Progress Toward Sustainable Energy just 94 percent of the urban population and 82 percent of the rural population in the Philippines have electricity. The report goes on to offer another reason why Africa might be termed the ‘Dark Continent’. In Angola, just 83 percent of the urban population and 6 percent of the rural population have electricity. In Kenya, it’s 58 percent and 7 percent, respectively. In Liberia, the numbers are 19 percent and 1 percent. Asia is brighter. China is on par with the developed world. Both in town and country, the Chinese have access to electricity. However, in Afghanistan, just 83 percent of town dwellers and 6 percent of country folk have electricity. In Bangladesh, it’s 90 percent for the town and 49 percent for the country. In India, just 70 percent of the rural population has access to electricity.

The Indian story India’s Energy Crisis (http://dtn.fm/M2Me0) was told in MIT Technology Review. ‘At least 300 million of India’s 1.25 billion people live without electricity… Another quarter-billion or so get only spotty power from India’s decrepit grid, finding it available for as little as three or four hours a day. The lack of power affects rural and urban areas alike, limiting efforts to advance both living standards and the country’s manufacturing sector.’

The Dominovas Energy Corporation’s solid oxide fuel cell (SOFC) technology, RUBICON™, is certainly up to the challenge of bringing light to the world. The RUBICON™ is fuel flexible and capable of reforming multiple fuels such as natural gas, propane, LPG, diesel, landfill gas and flare gas. Reforming is a process of extracting the hydrogen used in the fuel cell from hydrocarbon fuels. Although hydrogen is the most abundant element in the universe, in its elemental form it exists on Earth only in the smallest of quantities.

The RUBICON™ is ideal for distributed power generation and operation at multi-MW levels in frontier markets, given the flexibility of its use and its ability to function in a grid scenario or through independent, isolated, “island” operations.

For more information, visit www.dominovasenergy.com

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OurPet’s Company (OPCO) Continues to Evolve its Infrastructure to Successfully Meet Fiscal Goals and Market Trends

An innovative leader in the pet industry, OurPet’s Company (OTCQX: OPCO) aims to improve the health, safety, and comfort of household pets while ensuring they’re having fun with their owners. The company first stepped into the pet space in 1995, when the industry was pulling in $16 billion in annual sales. According to the American Pet Products Association (APPA), that number is now $65 billion. Cat products alone are increasing by 6% each year. OurPet’s is aiming to capitalize on this trend and climb to $50 million in annual sales in the next five years. To do this, the company has been continuously updating its infrastructure to meet its goals.

First, OurPet’s developed a new branding strategy in 2012 that easily segregates its products into two brands targeting different market segments. The OurPets® Brand is a high-end product brand that caters to pet specialty stores like PetSmart, Petco, and Pet Valu. This line consists of patented one-of-a-kind products such as the Whirling Wiggler™, a butterfly-inspired toy that simulates insect movement for cats, and the Flappy® Chirp-N-Prey™, a squeaky toy that promotes healthy gums and teeth for dogs.

The company’s second product line, PetZone®, markets affordable pet products to food, drug, and mass retailers like Wal-Mart (NYSE: WMT), Kroger (NYSE: KR), and Amazon (NASDAQ: AMZN). Consumers will find products such as toys, feeding solutions, waste management solutions, and accessories at these stores. The PetZone brand boasts “specialty quality products at affordable prices.”

Furthermore, over the past three years, OurPet’s has been expanding its management team into a company stronghold that delivers experience and expert knowledge. For example, the company added Gabriella Chessman as vice president of marketing, Kathleen Peters-Homyock as vice president of sales, Scott Mendes as chief financial officer, and Dean Tsengas as chief operating officer.

Lastly, OurPet’s updated its Enterprise Resource Planning (ERP) system with warehouse logistics. Now it can receive all orders electronically all the way to payment. This change allows for a faster and more efficient ordering process that can promote more revenue along with heightened customer satisfaction.

With constant reevaluation of the company framework, OurPet’s is positioned to maintain its leadership status in the pet industry. By creating 160 individual patents that have no equal, the company stands by its intentions of exceeding the expectations of pets and their owners.

For more information, visit the company’s website at www.ourpets.com

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Halitron, Inc. (HAON) Constructing Growth through Acquisitions and Roll-Up Know-How

Halitron, Inc. (OTC: HAON) is an equity holding company that focuses on acquiring sales, marketing, and manufacturing businesses and weaving their assets into its existing infrastructure. The company acquires bankrupt, distressed and insolvent companies inexpensively. HAON also acquires profitable companies at a multiple of earnings ranging from two to four times, before the deduction of interest, tax and amortization expenses (EBITDA).

As an example, NDG Holdings, Inc., acquired in 2015, has been a service oriented company providing digital marketing services such as website development, email blasts, SEO, and PPC management, among others. Over time, management expectations are to use its infrastructure and intellectual capital in order to become more vertically integrated by acquiring manufacturing based businesses which will improve gross margins. This strategic process will give management the flexibility to compete more effectively and invest at a greater rate within its business.

Halitron, Inc. is guided by chief executive officer Bernard Findley, who for the last two decades has been working with small- to mid-size businesses. Early in his career, with the majority of his involvement being with growth opportunities, Findley would build up sales and then sell. Later in his career, Findley was engaged in orchestrating a roll-up of 16 bankrupt, insolvent, and distressed brands.

Understanding that growth initiatives are very different than turnaround work, Findley gained insight into how to take advantage of strengths within a business, reshape the business plan, and then execute on the deliverables. He has worked in industries focused on medical devices, direct marketing and promotional products. Since 2011, he has rolled up and exited 16 brands that would have likely remained distressed or bankrupt without his guidance. Today, these brands exist and are operating under new owners.

Halitron, Inc. was formerly known as Teknik Digital Arts, Inc. and changed its name to Halitron, Inc. in August 2014. The company was founded in 2003 and is based in Newtown, Connecticut, with a location in San Diego, California.

For more information, visit www.halitroninc.com

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Agora Holdings, Inc. (AGHI) Made Tremendous Strides During 2015

A leading international family entertainment and media company, Agora Holdings, Inc. (OTC: AGHI) delivers innovative experiences to TV, studio entertainment, consumer products, interactive media, and media networks. Through wholly-owned subsidiary GeegLe Media, the holding company aims to fill the needs of social media, TV, data storage applications, and other software solutions.

GeegLe Media, which operates under its domain name, Geegle.TV, created its own Video on Demand platform, which combines radio, news, sports, and kids content. The subsidiary announced in July 2015 that its new services include new custom channels for various users. The first customizable channel is for freelancers and content producers to market themselves. The second is for real estate brokers to create their own channels to expand marketing capabilities. Using GeegLe Media’s customized real estate channel, clients can tour residential and commercial investment properties right from their homes.

That same month, Geegle.TV built a software capable of filtering third party content, such as YouTube videos, for higher quality. This software integration allows the company to curate content from the world’s largest video selection. Agora Holdings also announced its partnership with high schools throughout Ontario in developing a video creation platform for students. Through this platform, students can create and upload videos to share with people in their school networks, which utilizes their already advanced computer skills in a positive way.

In September, 1000salads, a division of GeegLe Media that offers nutritional information, announced plans to add an e-commerce store in which consumers can purchase healthy foods and products. Agora Holdings is also working on releasing its Real TV project later this year. This platform is designed for real estate professionals to market their properties through customer interaction. Clients can use editing and voiceover tools to customize video content to reach a wider audience. The real estate industry relies heavily on advertising, making this platform highly favorable to investors.

GeegLe Media completed its TECH workflow system in November, which simplifies assignments while increasing efficiency in the workplace. Companies can receive, accept, and assign orders without the hassles of paperwork. Plus, these companies can better manage productivity, accountability and performance.

Agora Holdings intends on bringing the “best entertainment and online experiences” to the world. The company will continue expanding its brand while creating and improving its products. By creating relevant products that capitalize on industry trends, Agora Holdings aims to maximize revenue for its shareholders and investors.

For more information, visit www.agoraholdingsinc.com

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NanoViricides (NNVC): Market for HerpeCide™ and DengueCide™ Estimated at $17 Billion

Most people are surprised to find out that two types of herpes viruses — the one that causes cold sores and the one that causes chickenpox — can cause a condition called herpetic eye disease. Unlike a separate virus that causes genital herpes, herpetic eye disease is not sexually transmitted.

The recent presentation by the CEO of NanoViricides, Inc. (NYSE MKT: NNVC), Eugene Seymour MD, MPH, at Biotech Showcase 2016 illustrated how the company is currently moving full speed ahead with human trials for its lead virucidal herpes (of the eye/cornea) keratitis (inflammation of the cornea) treatment, HerpeCide™. Human clinical trials are currently on-track to begin late this year or in early 2017, and commercially-available HerpeCide would be a most welcome addition to the healthcare system’s existing biomedical arsenal, as ocular herpetic disease in general is a serious challenge for both optometrists and patients.

Herpes keratitis is the leading cause of infectious blindness in the Western world and ultimately requires a corneal transplant when it has progressed to the stage of blindness. Corneal transplant is a difficult procedure that can often fail and the procedure can cost as much as $24,400 on average, according to actuarial intelligence giant Milliman. The major herpes viruses that cause ocular disease (simplex and zoster) quite often bring about immunologic reactions in the host that outlive any active infection as well, meaning that the latent demand for a real solution is considerably larger than the baseline market metrics would indicate.

One of the viruses that causes herpetic eye disease is called the varicella-zoster virus. It is the same virus that causes chickenpox and shingles. When this virus affects the eye, it is called herpes zoster ophthalmicus.

Herpes keratitis is a viral infection of the eye caused by the herpes simplex virus (HSV). There are two major types of the virus. Type I is the most common and primarily infects the face, causing the familiar “cold sore” or “fever blister.” Type II is the sexually transmitted form of herpes, infecting the genitals.

The combined estimated market size for NanoViricides’s antiviral eye drops designed to fight conjunctivitis/keratitis, its HerpeCide™ indication for shingles, as well as ocular and genital herpes (note that HSV-1 has also been linked to Alzheimer’s), and its DengueCide™ indication to combat Dengue arboviruses (West Nile, Yellow Fever, Japanese B Encephalitis), are in the neighborhood of $17 billion.

While both Type I and Type II herpes can spread to the eye and cause infection, Type I is by far the most frequent cause of eye infections. Infection can be transferred to the eye by touching an active lesion (a cold sore or blister) and then your eye.

Type I herpes is very contagious and is commonly transmitted by skin contact with someone who has the virus. Almost everyone — about 90 percent of the population — is exposed to Type I herpes, usually during childhood.

After the original infection, the virus lies in a dormant state, living in nerve cells of the skin or eye. Reactivation can be triggered in a number of ways, including: stress; sun exposure; fever; trauma to the body (such as injury or surgery); menstruation; and certain medications.

Once herpes simplex is present in the eye, it typically infects the eyelids, conjunctiva (the thin, filmy, mucous membrane that covers the inside of the eyelids and the white part of the eye) and cornea (the clear, front window of the eye). It may also infect the inside of the eye; however, this is much less common. The symptoms of herpes keratitis may include pain, redness, blurred vision, tearing, discharge and sensitivity to light.

If the infection is superficial, involving only the cornea’s outer layer (called the epithelium), it will usually heal without scarring. However, it if involves the deeper layers of cornea (which can happen after time), the infection may lead to scarring of the cornea, loss of vision and sometimes even blindness. Left untreated, herpes keratitis can severely damage your eye.

NanoViricides recently entered into an agreement with the University of Pittsburgh for the testing of its nanoviricides® drug candidates in standard animal models of ocular virus infections. Dr. Eric Romanowski, research director, will perform the research in the Charles T. Campbell Ophthalmic Microbiology Laboratory. Dr. Romanowski has extensive experience in ocular virus infections and anti-viral agents discovery.

These animal studies will evaluate the efficacy and potency of the company’s nanoviricides anti-viral agents in ocular viral infections. The goal of these studies is to help select clinical drug development candidates for treatment of ocular herpes keratitis in humans.

“We are very pleased to have the Campbell Laboratory join our efforts in developing a drug against Herpes Keratitis,” Eugene Seymour, MD, MPH, CEO of NanoViricides, stated in a recent news release, adding, “This is a renowned lab in the field of ocular infections with substantial experience in antiviral drugs development. We plan to perform IND-enabling efficacy studies of our anti-viral agents at the Campbell Labs.”

The Charles T. Campbell Ophthalmic Microbiology Laboratory is part of the University of Pittsburgh Medical Center’s Eye Center (UPMC Eye Center). The UPMC Eye Center in the Department of Ophthalmology of the University of Pittsburgh School of Medicine has one of the top basic and clinical research programs in the country. UPMC Eye Center’s research focuses on infectious disease, ocular immunology, molecular genetics and molecular biology of retinal disease, glaucoma and advanced diagnostic imaging technology development.

For more information, please visit the company’s website at www.nanoviricides.com

CSA Holdings, Inc. (CSAX) Providing Security & Assistance to Fastest Growing Industry in the United States

Marijuana is now the nation’s fastest-growing industry. The legal marijuana industry brought in $2.4 billion in 2014, so it’s certainly no longer any sort of laughing matter. That figure represents an increase of a whopping 74 percent in one year’s time, and it is estimated that the total legal market could be worth $11 billion as soon as 2019. CSA Holdings, Inc. (OTCQB: CSAX) was created in 2009 by CEO Dan Williams to meet the growing needs and peculiarities of the evolving medical cannabis industry from legal, regulatory compliance, and security perspectives.

CSA was instrumental in the development of Colorado’s legal cannabis market. The company worked on the rule-making committee in the Department of Revenue and helped to formulate the security regulations for medical marijuana in the state.

Currently, CSA is recognized as a leader in security and compliance services for the legal cannabis industry. The company provides high quality and dependable solutions that are adaptable to meet the constantly changing security and compliance challenges in the industry. CSA offers a full range of high quality services to help clients’ businesses achieve sustainable growth. Thus, CSA is able to assist cannabis entrepreneurs grow and succeed in this young and dynamic marketplace.

From its inception, CSA has specialized in engineering custom security systems specifically designed to ensure full compliance with all federal, state, and local laws. The company provides effective security solutions to cannabis businesses, including alarms, door access systems, video surveillance, security system design, and state licensing consulting.

CSA now services over 130 clients in 400-plus facilities in 14 legal marijuana states, all achieving a 100 percent licensing approval rating, and it is currently consulting with new clients in Alaska, Illinois, and Nevada. With an increasing number of states implementing regulated dispensary models, CSA is able to leverage its expertise in complying with different state’s security codes, standards, and guidelines to provide clients with innovative and cost-effective security solutions.

More than 1.5 million shoppers purchased legal marijuana from a dispensary, either medical or recreational, in 2014. Five states now boast marijuana markets that are larger than $100 million, and in Colorado and Washington — the first states to open retail marijuana shops in the U.S. — consumers bought $370 million worth of marijuana products last year.

In 2015, CSA announced the release of their new physical security solutions division, The Cloverton Group. Through this new division, the company can now offer armored transport, armed and unarmed guards, comprehensive background checks, and site risk assessments. The Cloverton Group’s guards dress professionally with Cloverton identification and have a law enforcement or military background. The company’s new fleet of Mercedes-Benz Sprinter vehicles have been up-armored with the latest bullet-resistant technology, are GPS tracked, and are equipped with a 4-point camera system that transmits live streaming footage to the command center. This guarantees total traceability from pickup to drop-off. CSA can now offer comprehensive security solutions to the cannabis industry that are second to none.

As a national leading security firm, CSA knows where the risk points exist for cannabis businesses and how to tailor services to ensure maximum loss prevention and legal compliance. The company has positioned itself to become the market leader and a recognizable brand name in the cannabis security industry.

For more information, please visit the company’s website at www.cannasecurity.com

Oakridge Global Energy Solutions, Inc. (OGES) Announces Launch of New Manufacturing Facility in Palm Bay, Florida

Earlier today, Oakridge Global Energy Solutions, Inc. (OTCQB: OGES) announced the commencement of operations at its new $40 million, 70,000-square-foot manufacturing facility in Palm Bay, Florida. Following this announcement, the state-of-the-art facility will immediately begin commercial production. The launch of its manufacturing facility marks the completion of Oakridge’s 17-month transition from a research and development company into a full-fledged battery manufacturing company. It also represents the most significant step forward in the company’s history.

“We are excited to announce that we have now begun regularly shipping our groundbreaking lithium-ion batteries to the golf cart and motorcycle markets, as well as a number of significant custom and semi-custom markets,” Steve Barber, executive chairman and chief executive officer of Oakridge, stated in this morning’s news release. “This signifies the first time Oakridge is on permanent, routine commercial production footing.”

In recent weeks, Oakridge has successfully leveraged the momentum provided by its significant investments in research and product development to achieve a number of milestones. Through a recent sale of assets, the company added $20 million to its balance sheet, and the $2 million debt payoff that followed eliminated all current company debt. Additionally, Oakridge has received more than $30 million in recent state and local tax credits stemming from its operations in Florida’s Space Coast region. This strong financial position helped the company secure a strategic partnership with Sojitz Machinery Corporation of Tokyo, Japan, through which Sojitz will provide equipment, materials and financing to support Oakridge’s sustained growth.

According to the company’s latest guidance, it’s on pace to achieve $250,000 in revenues during the first quarter of 2016, and with an existing pipeline of orders totaling roughly $24 million, the company expects to achieve a break even financial position as early as the second quarter of 2016. Oakridge’s recent expansion of its product portfolio, which has included the introduction of its Pro Series golf car battery systems and its Liberty Series motorcycle batteries, is expected to play a key role in the company’s efforts to increase its share of the domestic lithium ion battery space moving forward.

“With the domestic U.S. market representing over 35% of global demand, we are uniquely capable of leveraging our position as the only domestic manufacturer of lithium-ion batteries,” concluded Barber.

Oakridge management will conduct a conference call to discuss the company’s recent progress today at 2:00 p.m. EDT. To participate in the call, investors should dial +1-712-775-7035, referencing conference ID 684304#.

For more information, visit www.oakridgeglobalenergy.com

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From Our Blog

Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Positions Itself for Growth Amid Palladium Market Dynamics

May 16, 2025

As the global economy continues to evolve and diversify, investors are seeking opportunities in sectors with long-term growth potential and strong fundamentals. Precious metals, long viewed as stores of value and industrial cornerstones, are receiving renewed attention, particularly palladium. With its essential role in automotive, industrial and emerging technology applications, palladium is poised to remain […]

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