Anil Srivastava Joins Oak Ridge Energy Technologies’ Board of Directors

  Anil Srivastava Joins Oak Ridge Energy Technologies’ Board of Directors

Business Wire

MELBOURNE, Fla. -- February 28, 2014

Oak Ridge Energy Technologies, Inc. (OTC: OKME) today announced Anil
Srivastava’s election to Oak Ridge Energy Technologies‘ Board of Directors,
increasing the size of the Board of Directors from four to five.

Anil Srivastava is 53 years of age. Mr. Srivastava has extensive experience in
international business management, including a good understanding of “Go To
Market” aspects in a range of international markets; efficient management of
worldwide business operations; experience in leading and managing business in
both mature and emerging markets through growth and downturn cycles; building
long-term relationships with customers at the most senior level worldwide,
with particular sensitivity to cultural issues; developing and nurturing
high-level connections with policy making authorities in many countries around
the world; and extensive media handling experience.

Mr. Srivastava’s corporate experience spans across US, Asia and Europe.
Starting as an Engineer in HP (1984-1993) through to a Regional Director; a
Managing Director in AT&T/ Lucent Technologies (1994-2003); and an Executive
Vice President in Alcatel (Oct. 2003 – Sept. 2008). From January 2009 to
December 2011, Mr. Srivastava was the Chief Executive Officer of AREVA
Renewables, reporting to the Chairman of the Executive Board, a wholly-owned
subsidiary of AREVA SA, which is the largest Nuclear Engineering Company in
the world. He was also a Member of the Executive Committee of AREVA Group, and
was recruited to develop its diversification plan into the Renewable Energies
industry.

Since spring of 2012, Mr. Srivastava has been pursuing an entrepreneurial
career. From June 2012 to October 2013, he was the Chief Executive Officer of
Wind Kraft Union GmbH, one of the largest Offshore Wind Park Development
Company in Germany. Most recently, Mr. Srivastava is engaged as an Executive
Partner with Climate Holdings, BV (Nov. 2013 to present), a holding entity for
operating companies in the Energy business.

Mr. Srivastava has a Master’s in Engineering from the National Institute of
Technology in India and received an Executive MBA in Finance from the Wharton
School of the University of Pennsylvania.

Steve Barber, Oak Ridge Energy Technologies’ CEO, is “delighted that Anil
Srivastava is joining Oak Ridge’s Board of Directors” because of his
“extraordinary technology and business expertise.” He will be “a great
addition to the Board” because he brings “a wealth of experience as well as
the insights that come from running a large successful global energy
technology company and a fast-emerging startup.”

Anil Srivastava feels “honored to join the Oak Ridge Energy Technologies’
Board and work with this exceptional team.” He looks “forward to sharing [his]
experiences and contributing to the future direction and growth of this global
leader.”

FORWARD-LOOKING STATEMENT

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. In some cases, you can identify
forward-looking statements by the following words: “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,”
“potential,” “predict,” “project,” “should,” “will,” “would,” or the negative
of these terms or other comparable terminology, although not all
forward-looking statements contain these words. Forward-looking statements are
not a guarantee of future performance or results, and will not necessarily be
accurate indications of the times at, or by, which such performance or results
will be achieved. Forward-looking statements are based on information
available at the time the statements are made and involve known and unknown
risks, uncertainties and other factors that may cause our results, levels of
activity, performance or achievements to be materially different from the
information expressed or implied by the forward-looking statements in this
press release. This press release should be considered in light of all filings
of the Company that are contained in the Edgar Archives of the Securities and
Exchange Commission at www.sec.gov.

Press Contacts:

Ben Jackson
ir@oakridgeenergytech.com
(213) 674-6700

Contact:

Oak Ridge Energy Technologies, Inc.
Ben Jackson, 213-674-6700
ir@oakridgeenergytech.com
 
Press spacebar to pause and continue. Press esc to stop.