Robix Completes Construction of the COV and Grants Options

equities Canada |

LETHBRIDGE, ALBERTA--(Feb. 19, 2015) - Robix Alternative Fuels, Inc. ("Robix" or the "Corporation") ($RZX:CA) (FRANKFURT:R0X) announced today that the construction of its first 40ft Clean Ocean Vessel (COV) is complete. The final construction including a special paint application on the COV was recently completed in Sparwood, BC and the unit has been disassembled and readied for shipment. The date and location of the official unveiling and showcasing of the COV to customers, shareholders and other stakeholders has yet to be finalized.

"I am very proud of the final product and we are close to finalizing a location to showcase the COV," said Nathan Hansen, President and CEO Robix. "I'd like to thank the people at Rayco Steel, the fabricators of the COV, for their excellent workmanship and dedication to this project. We are excited to continue our working relationship with them as our official manufacturer of the COV."

On the sales and marketing of the COV, Mr. Dale Oleksyn, Vice President Marketing at Robix commented, "The response from customers to date on the concept of the COV has been very strong. We have spoken to a range of customers from large multinational organizations, to environmental services companies, to Governments and Ports and we are seeing significant traction in the market for this product. I am keen to showcase the 40ft COV and am confident that we can translate that interest to date into firm sales and a robust order book."

In addition the Corporation, subject to regulatory approval, has granted incentive stock options to purchase a total of 150,000 common shares, at an exercise price of 52 cents per common share. They expire on February 17, 2020, in accordance with the corporation's stock option plan.

About Robix Alternative Fuels

The Corporation is an "industrial products/technology" company, which has developed the Clean Ocean Vessel ("COV"), an oil spill recovery vessel design with the capability to recover oil not only in rough and debris laden sea conditions but more contained environments such as lakes and rivers. Robix has recognized a worldwide market opportunity for effective containment, recovery and disposal equipment, particularly in the oil spill protection industry. The business model is focused on Robix becoming a large-scale provider of services and/or equipment 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.

 

Contact Information

 

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

The Howard Group
Jeff Walker
Vice-President
(888) 221-0915
Jeff@howardgroupinc.com

The Howard Group
Brad Dryer
Associate
(888) 221-0915
brad@howardgroupinc.com
www.howardgroupinc.com

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