LETHBRIDGE, ALBERTA–(May 4, 2015) - Robix Alternative Fuels, Inc. (“Robix” or the “Company”) (CSE:RZX)(FRANKFURT:R0X) is pleased to announce that it’s Mexican subsidiary, Corris Technologies Mexico S.A. de C.V. (Corris), has entered into a non-binding Letter of Intent (LOI) with Petrolmeca S.A. de C.V. (Petrolmeca). Petrolmeca was created in 2004 and maintains a permanent staff of 33 specialists in multiple engineering disciplines. Since inception, they have developed several projects for PEMEX both onshore and offshore. To date Petrolmeca has executed projects valued at more than $118 million USD, mainly in the development of basic and detailed engineering plans for the expansion of infrastructure, modernization and rehabilitation of offshore platforms as well as land and marine terminals of Dos Bocas, Tabasco. For more information on Petrolmeca please see “About Petrolmeca” below.
The purpose of the LOI is to reflect the desire of the parties to agree upon the terms of a commercial transaction, whereby Robix’s Clean Ocean Vessel (COV) technology will be introduced to Mexico and utilized for oil spill recovery and remediation, with the initial area of focus being the state of Tabasco.
Tabasco is a significant oil producing region of Mexico and as such hosts a large system of petroleum bearing pipelines throughout the region. In April, the state of Tabasco launched an emergency plan to supply drinking water to its capital city of Villahermosa after rivers that normally supply the city became contaminated by oil leaking from punctured pipelines. Oil spill contamination of rivers resulting from punctured pipelines has become a recurring problem in this region. Robix believes that the 10 foot COV is an ideal unit to service such rivers, as it is small and nimble and can easily maneuver river systems to contain and recover spilled petroleum. To date, Robix has focused on deploying the COV to clean up oils spills that occur in oceans or petroleum products in tailings ponds. River systems represent a new market application for the COV technology.
For more information on Corris and the COV please visit the newly launched website www.corristechnologiesmexico.mx
Petrolmeca is an engineering services company that offers professional services in project management and in the execution of comprehensive projects, including feasibility studies, operation of industrial plants, development of basic and detailed engineering reports, technical support, construction supervision and creation of electronic 3D and 2D models.
In March 2015, a cooperation agreement was signed with the Instituto Tecnológico Superior de Comalcalco (ITSC) (Higher Technological Institute of Comalcalco) to jointly develop the Basic and Detailed Engineering of relevant projects for Pemex-Refining. Petrolmeca’s central offices are located in Ciudad del Carmen, Campeche and are used by Pemex as a strategic point to provide services required for the daily operation of offshore installations in the Bay of Campeche. Petrolmeca also has offices in Paraiso, Tabasco, Poza Rica, Veracruz and Mexico City.
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 also in 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 arrangements 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.
Robix Alternative Fuels Inc.
President & CEO
Robix Alternative Fuels Inc.
Chief Financial Officer
The Howard Group
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