IRW-Press: Robix Provides Update On COV Construction



Published on 08 July 2014


by Press Office

(IRW-PRESS and WireNews+Co)

Vienna, Austria

Robix Alternative Fuels Inc. (“Robix” or the “Corporation”) (RZX:CSE and R0X:Frankfurt) 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.

For more information please contact:

Robix Alternative Fuels Inc.

Nathan Hansen

President & CEO

Tel: 250-683-8957

Email: nathan@robixfuels.com

Robin Ray

Chief Financial Officer

Tel: 403-327-3094

Email: robin@robixfuels.com

Website: http://www.robixfuels.com

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.


Contacts

  •  
  • Joachim Brunner
  • IRW-Press
  • PR Contact
  • Tel: +43724221193011
  •  
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Posted 2014-07-08 12:59:00