LETHBRIDGE, ALBERTA–(Marketwired – Dec. 18, 2014) – Robix Alternative Fuels, Inc. (“Robix” or the “Corporation”) (CSE:RZX)(FRANKFURT:R0X) announced today that it has commissioned Rayco Steel to build a 10ft patented Clean Ocean Vessel (COV). Based on market analysis Robix has decided to commence construction of a 10ft COV. The 10ft COV is ideally suited to 21st century technology that can allow it to be controlled remotely or unmanned.
“Our market analysis and customer consultation with major companies in the oil and gas business has demonstrated a clear demand for the 10ft COV especially in tailing ponds applications,” commented Nathan Hansen, President and CEO of Robix. “The 10ft COV is simply a scaled down version of the 40ft unit that is currently being built by Rayco. We expect to have the 40ft COV ready for deployment and prove sea worthiness in January. Our goal is to get ahead of the anticipated demand for the 10ft COV model by starting construction now. I am confident in our market analysis and the demand for our unique product.”
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 Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.
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
Source: Marketwired (Canada) (December 18, 2014 – 4:02 PM EST)
