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Robix Launches Corris Marine Division in Montreal and Grant of Options
|By Marketwired .
|May 20, 2014 02:36 PM EDT
LETHBRIDGE, ALBERTA -- (Marketwired) -- 05/20/14 -- Robix Alternative Fuels Inc. ("Robix" or the "Corporation") (CSE:RZK)(FRANKFURT:R0X) announced today that it has officially launched its Corris Marine Division with the opening of its Montreal office, in the Old Port of Montreal district.
The Robix Corris Marine Division intends to own and operate shipping tankers that will transport refined oil products along established global shipping routes. In addition to producing shipping revenue, it is intended that each tanker will host a Robix Clean Ocean Vessel ("COV"), which is an oil spill recovery vessel design with the capability to recover oil in rough and debris laden sea conditions, as described below. Once installed on a tanker, the COV will be readily deployable to react to oil spills in the heavily travelled established shipping routes regionally and globally.
Robix, including its Corris Marine Division, has completed comprehensive revenue models and the financial analysis supports the creation of an initial fleet of tankers. Robix is currently in discussions with several tanker owners and the Corporation is evaluating non-dilutive financial structures to acquire these tankers.
The current plan of management of Robix contemplates the installation of a COV when commercially feasible on each tanker. The COV is an ocean vessel, catamaran-hull barge design, capable of recovering oil from water, in virtually any conditions, especially in rough seas (40 Foot COV is stable up to Beaufort 6, or 8 feet ocean waves). Contra-rotating drums lift oil/water fluid from the surface of the ocean and scavenger blades "scrape" the oil/water fluid off the drums into storage tanks within the catamaran hulls.
"Oil spills very often occur near oil pipeline port facilities where oil is off-loaded to tankers and in well-travelled oil shipping lanes, making revenue generating tankers a natural host for the COV system," commented Nathan Hansen, President and CEO of Robix. "Our strategy is to generate revenue from the shipping of oil while being ready and able to service a global region in the event of an oil spill with a readily deployable COV system on standby. Robix has identified revenue potential from multiple sources, including shipping oil, COV standby fees as well as emergency recovery and response revenue from deployment of the COV solution."
In addition to the launch of the Corris Marine Division, Robix wishes to announce the grant, subject to regulatory approval, of 444,000 stock options to directors and consultants at an exercise price of $0.50 per share and expire on May 21, 2017, under the Corporation's stock option plan.
Finally, Robix will be hosting its Annual General & Special Meeting at Radisson Hotel & Conference Center, 6620-36th Street NE, Calgary, Alberta, Canada (Northeast Calgary) on May 30th, 2014. Shareholders and interested persons are invited and encouraged to attend the meeting, which will include an update from management.
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 press release contains certain statements which constitute forward-looking statements or information ("forward-looking statements"), including statements regarding Robix's business, the Corris Marine Division and the proposed transactions. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Robix's control, including the ability of Robix to satisfy the conditions to completion of the proposed transactions, the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Robix believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward looking information. As such, readers are cautioned not to place undue reliance on the forward looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Robix does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
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