|By PR Newswire||
|September 3, 2014 07:30 AM EDT||
SCOTTSDALE, AZ and CALGARY, AB, Sept. 3, 2014 /PRNewswire/ - RDX Technologies Corporation ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE:RL7), a water treatment and energy technology company, today announced the filing of its easements in Ector County, Texas, along its fully granted right of ways for its pipeline operation located in Odessa, Texas.
Dennis M. Danzik, Chief Executive Officer of RDX, stated, "Today marks a real turning point in the handling of treated water for reuse in Texas. We are very proud to be a part of this cutting edge approach to water recycling. "
"RDX owning and operating a pipeline project seems far removed from our start in the oil and gas industry over five years ago in northeastern British Columbia, but it is actually the best possible progression of collection, treatment, delivery and reuse. This pipeline will prove that recycling and moving treated water for reuse is the best engineering and resource management approach for water. The pipeline will deliver straight to the customer's delivery point and should be completed within the next few weeks. Initial capacity, which is completely sold out under contract, is 96,000 gallons per hour, or just over two million gallons per day."
Ian Kerr, President of Kerr Energy stated, "It has taken over two years for this project to take hold; however our approach has now been validated and is being implemented. Working with Dennis Danzik and the entire RDX team has been a very positive experience, and the quality of work that RDX delivers is second to none. We are especially proud to be a part of the first large scale water reuse contract in the State of Texas. I am now working with RDX to open up additional opportunities in the near future for regional treatment and delivery systems for treated water. Water is a rapidly diminishing resource, and yet remains an essential tool for most new energy discoveries in Texas and other resource rich districts in the United States and Canada. In addition to the environmental benefits, we believe that our approach is the most efficient and cost effective solution in the marketplace."
Conference Call – The RDX Growth Model
The Company will host a business update conference call entitled "The RDX Growth Model" on Thursday, October 9thth at 10:00 a.m. Eastern Time. Mr. Kerr will be a guest on the call discussing specific pipeline and water opportunities that he is addressing with RDX. Topics on which Mr. Kerr will be speaking include how the project was granted, recurring revenue, pipeline route, and future routes in Texas and other jurisdictions. The Company will provide dial in information ahead of the scheduled call.
ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M. Danzik"
Dennis M. Danzik, CEO
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is 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. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."
SOURCE RDX Technologies Corporation
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