LETHBRIDGE, ALBERTA--(Nov. 26, 2015) - Robix Alternative Fuels, Inc. ("Robix" or the "Company") (RZX:CNX) (FRANKFURT:R0X) announced today that it has demonstrated its patented C160 vessel in open water testing in Mexico. The C160 is capable of recovering up to 160 m3/hr of spilt oil off the surface of water. The C160 exceeded expectations in terms of its oil recovery performance and operation in open water. The next step is to complete independent 3rd party testing by local authorities to qualify the C Series for commercial sales in Mexico. Pictured here is the C160 deployed in open water.
"I am delighted to report that our internal testing of the C160 was, to quote our operating engineers, 'beyond our expectations'," commented Nathan Hansen, President and CEO of Robix. "Now, I am looking forward to testing this product with qualified 3rd party officials in Mexico. Upon successful completion of that test we will have a green light to actively pursue commercial sales in Mexico. We have identified a number of customers and will be working closely with our JV partners to produce a sales order book. These JV partnerships have proven they can generate market traction through the successful launch of our P Series in Mexico which received technical and legal approval from Pemex (of Petroleos Mexicanos) just last month."
The C Series vessels are scalable by design. The small end, the C10, can recover up to 10 m3/hr while the C20, C40 and C80 increase proportionally to the medium sized C160. Larger sizes are available on request. The C Series is capable of efficiently and effectively recovering oil in rough and debris laden sea conditions due to its rugged design and stable platform. Where other conventional mechanical oil recovery systems quite often fail in anything more than calm waters, the C Series can operate in waves up to 8 feet, depending on the size of the vessel. The recovery rate of the Robix C Series is in the 90-97% range which is significantly higher than traditional recovery rates recorded by industry over the past two decades.
About Robix Alternative Fuels
The Corporation is an "industrial products/technology" company, which has developed an oil spill recovery vessel with the capability to recover oil not only in rough and debris laden sea conditions but also in more contained environments such as lakes, rivers and tailings ponds. 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 arrangements with other industry participants, wherein Robix will use its 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.
President & CEO
Robix Alternative Fuels Inc.
Chief Financial Officer
The Howard Group
(403) (888) 221-0915
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer