Robix in Discussions With Key Stakeholders Impacted by Husky Energy Oil Spill in North Saskatchewan River and Provides Corporate Update
LETHBRIDGE, ALBERTA -- 08/17/16
Robix Environmental Technologies, Inc. ("Robix" or the "Corporation") (CNSX:RZX) (FRANKFURT:R0X) provides update on various activities:
Those Impacted by Husky Energy Oil Spill in North Saskatchewan River
Robix announced today that it has initiated discussions on emergency response scenarios with numerous stakeholders impacted by the Husky Energy oil spill in the North Saskatchewan River. These discussions have been on-going since the oil spill occurred on July 20th, 2016 and have revolved around oil spill emergency preparedness, protection of the environment from oil related disasters, protection of the environment from municipal and industrial contamination, and water quality monitoring and environmental stewardship. Robix has launched the "CEO'S Blog", for the purpose of continuing to describe the pertinent activity of Robix in the development of stakeholder relationships. It can be found at robixenvirotech.blogspot.ca. Interested persons can read the blog by merely opening the blog-site directly, or via the main page at www.robixenvirotech.com (by clicking on the red button entitled "Follow Our Blog") and comment by using an appropriate profile such as a Google online account.
Launches Marketing Video for C Series Platform
Robix is pleased to announce that it has published a marketing video of the C160 oil spill recovery vessel in operation in Mexico. The video can be found at www.robixenvirotech.com (by clicking on the red button entitled "Spanish language video") and shows the C160 in full operation, efficiently and effectively recovering oil from the surface of water in a waste pond in Mexico. The video and live demonstrations of the C160 in action have brought significant attention from the Mexico marketplace, where key stakeholders have responded favorably.
"The C160 design is a scalable oil spill recovery vessel that we have been demonstrating to customers in Mexico for the past several months. We are extremely pleased with the market acceptance in Mexico," commented Nathan Hansen, President and CEO of Robix. "A smaller version of the 160 is an elegant solution to river spills similar to what we have seen in the North Saskatchewan River. Our C Series products offer a level of preparedness that simply does not exist in this area today. The Husky Energy oil spill highlights the need for robust emergency response technology in these types of environments that are near production facilities and pipelines."
Formation Fluid Management Acquisition Progress (TSX VENTURE:FFM and FUIDF:US otc)
Robix is pleased to announce that the due diligence phase pursuant to the Letter of Intent announced May 25th, 2016, to acquire all the issued and outstanding common shares of Formation Fluid Management, Inc (TSX VENTURE:FFM) is near completion. An announcement of a definitive agreement is anticipated, and will be provided in due course. (The reader is reminded of the Forward-looking statements described below)
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.
Robix Environmental Technologies, Inc.
President & CEO
Robix Environmental Technologies, Inc.
Chief Financial Officer
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