Robix Provides Update on COV Construction
08 Juillet 2014 - 12:30PM
Marketwired Canada
Robix Alternative Fuels Inc. ("Robix" or the "Corporation")
(CSE:RZX)(FRANKFURT:R0X) announced today that the construction of the first
commercial Clean Ocean Vessel (COV) is progressing as planned. Long lead items
are being received and construction of the COV unit is scheduled to begin this
month at Rayco Steel Ltd, of Sparwood, British Columbia, following final
approval of engineering and construction drawings. A detailed construction
progress report is expected in August 2014, with testing and commissioning of
the COV anticipated in Q3 of 2014.
The first 40 ft COV prototype was built, by previous owners of the technology in
the 1990s, in Sturgeon Bay, Wisconsin, USA and tested in Leonardo, New Jersey,
USA. Since acquiring the COV technology, Robix has designed state of the art
hydraulics and electronics systems, which will be installed on the COV unit
currently under construction. The new systems will allow the COV to perform more
efficiently with less potential future maintenance issues.
Robix is also pleased to provide an update on its sales and marketing efforts.
The sales and marketing team, led by Mr. Dale Oleksyn, is currently in
discussions with a number of end users which have pre-existing relationships
with the Company. These discussions are progressing well and certain end users
have been identified and prioritized for COV demonstration and testing once the
first unit is deployed. A more aggressive marketing campaign is scheduled to
begin following deployment of the first commercial COV unit in the fall of 2014.
Robix holds a patent covering its unique COV technology. The COV is an ocean
vessel, catamaran-hull barge design, capable of recovering oil from water in
virtually any conditions; especially in rough seas (the 40 Foot COV is stable in
conditions as severe as Beaufort 6, or equivalent to 8 foot ocean waves).
In addition, subject to regulatory approval, Robix has issued 160,000 options at
$0.64 per share to consultants to the Company.
About Robix:
The Corporation is an "industrial products/technology" company, offering to
investors a unique opportunity to participate in a leading company in the
business of ownership of patents, and their development from commercialization
to worldwide expansion through various business arrangements. Robix owns a Clean
Ocean Vessel ("COV") patent, which is an oil spill recovery vessel design with
the capability to recover oil in rough and debris laden sea conditions. Robix
has recognized a worldwide market opportunity for effective containment,
recovery and disposal equipment, particularly in the oil spill protection
industry, and it proposes to develop a business model as a service provider,
and/or equipment provider under licensing agreements with other industry
participants, wherein Robix will use its COV patented design solution.
No stock exchange or any securities regulatory body has reviewed the contents of
this news release.
This news release may contain certain forward-looking information. All
statements included herein, other than statements of historical fact, are
forward-looking information and such information involves various risks and
uncertainties. There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such information. A description of assumptions used to
develop such forward-looking information and a description of risk factors that
may cause actual results to differ materially from forward-looking information
can be found in the company's disclosure documents on the SEDAR website at
www.sedar.com. The company does not undertake to update any forward-looking
information except in accordance with applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Robix Alternative Fuels Inc.
Nathan Hansen
President & CEO
250-683-8957
nathan@robixfuels.com
Robix Alternative Fuels Inc.
Robin Ray
Chief Financial Officer
403-327-3094
robin@robixfuels.com
www.robixfuels.com
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