LETHBRIDGE, ALBERTA--(Marketwired - July 11, 2016) - Robix Environmental Technologies Inc. ("Robix" or the "Corporation") (CSE:RZX)(FRANKFURT:R0X) is pleased to announce that it has received a firm P Series equipment order, to lease the services of a Robix P140 oil recovery platform, from Petrolmeca S.A. de C.V. ("Petrolmeca") as the primary contractor for Petroleos Mexicanos ("Pemex"). Robix will lease the P140 through its wholly owned Mexican subsidiary Corris Technologies Mexico S.A. de C.V. ("Corris"). Under the lease agreement, Robix will build and own the P140 and Petrolmeca will operate and maintain the unit at Pemex facilities. The contracted service will be paid monthly for a term of 5 years.
"This is first of what I anticipate to be multiple orders from Pemex through our partners Petrolmeca," commented Nathan Hansen, President and CEO of Robix. "We have identified at least 14 additional Pemex locations where the P Series can be deployed. With this order we will be generating revenue from our two major product lines, the P Series and the C Series. Our company is quickly moving from zero revenue to a fully commercial production enterprise. We have been working with Rayco Steel, our contract manufacturer since December 2014, and they have been instrumental in building and designing our first commercial units. They are well up the learning curve on both our product lines and ready to execute the production of both our C Series and P Series products. We are moving forward on all fronts; this is a transformational and pivotal time for Robix."
The P Series uses patented drum technology to siphon oil from the surface of the settling ponds within oil production facilities. The recovered oil is recirculated within the customer's facility. The Company's first model is the P140, which has an oil recovery rate of 140 m3/hr.
Also, the Corporation wishes to announce that in conjunction with the branding initiative, a new url for Robix Environmental Technologies, Inc is www.robixenvirotech.com
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 contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward-looking statements in respect of discussions for future equipment supply contracts. There is no certainty that such contracts contemplated or in discussions will have the intended results. Although the Corporation believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Corporation can give no assurance that they will prove to be correct.
Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the risk that the formal documentation effecting the Transaction is not completed or accepted. There is no certainty that a Definitive Agreement effecting the business combination will be completed or accepted. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this news release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.