Robix Environmental Technologies, Inc. ("Robix" or the "Corporation") (CSE: RZX)(FRANKFURT: R0X) is pleased to announce that, through its Mexico subsidiary, Corris Technologies Mexico S.A de C.V. ("Corris"), it has entered into an agreement with Corporation T&M S.A. de C.V, of Villahermosa, Tabasco State, Mexico ("T&M"). The agreement provides the basis for the procurement of Robix C Series equipment to be provided as stand-by protection equipment in facilities wherein T&M is the contractor to supply the primary construction and maintenance services with a customer.
"This agreement is a significant step in the procurement process in the Mexico marketplace," said Nathan Hansen, President and CEO of Robix. "With this agreement in place Robix, through Corris, is now able to enter into a commercial transaction for product delivery to a specific project in Mexico."
Mr. Hansen continued, "Mexico is currently undergoing an energy reform whereby energy service providers are now able to do business with a broader range of energy producers. This agreement with T&M indicates acceptance of the Robix technology in this changing Mexican landscape."
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.
About T&M:
T&M Corporation is specialized in cleaning and desludging extraction systems, transmission, distribution and discharge of water and hydrocarbons and their derivatives, through the use of pressure and vacuum equipment and desilting, using the latest equipment and technology.
No stock exchange or any securities regulatory body has reviewed the contents of this news release.
Forward-Looking Statements
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 the completion of binding documentation to effect the Transaction. There is no certainty that the Transaction contemplated in the non-binding LOI will be effected by a final and binding Definitive Agreement. 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.
LETHBRIDGE, ALBERTA -- (Marketwired) -- 06/10/16
Robix Environmental Technologies, Inc. ("Robix" or the "Corporation") (CSE: RZX)(FRANKFURT: R0X) is pleased to announce that, through its Mexico subsidiary, Corris Technologies Mexico S.A de C.V. ("Corris"), it has entered into an agreement with Corporation T&M S.A. de C.V, of Villahermosa, Tabasco State, Mexico ("T&M"). The agreement provides the basis for the procurement of Robix C Series equipment to be provided as stand-by protection equipment in facilities wherein T&M is the contractor to supply the primary construction and maintenance services with a customer."This agreement is a significant step in the procurement process in the Mexico marketplace," said Nathan Hansen, President and CEO of Robix. "With this agreement in place Robix, through Corris, is now able to enter into a commercial transaction for product delivery to a specific project in Mexico."
Mr. Hansen continued, "Mexico is currently undergoing an energy reform whereby energy service providers are now able to do business with a broader range of energy producers. This agreement with T&M indicates acceptance of the Robix technology in this changing Mexican landscape."
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.
About T&M:
T&M Corporation is specialized in cleaning and desludging extraction systems, transmission, distribution and discharge of water and hydrocarbons and their derivatives, through the use of pressure and vacuum equipment and desilting, using the latest equipment and technology.
No stock exchange or any securities regulatory body has reviewed the contents of this news release.
Forward-Looking Statements
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 the completion of binding documentation to effect the Transaction. There is no certainty that the Transaction contemplated in the non-binding LOI will be effected by a final and binding Definitive Agreement. 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.
Contacts:
Robix Environmental Technologies, Inc.
Nathan Hansen
President & CEO
250-683-8957
nathan@robixfuels.com
Robix Environmental Technologies, Inc.
Robin Ray
Chief Financial Officer
403-327-3094
robin@robixfuels.com
www.robixfuels.com