21:26:24 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



RDX Technologies Corp
Symbol RDX
Shares Issued 174,769,506
Close 2014-09-02 C$ 0.235
Market Cap C$ 41,070,834
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RDX Technologies secures Texas pipeline rights-of-way

2014-09-03 07:45 ET - News Release

Mr. Dennis Danzik reports

RDX ANNOUNCES PERFECTING OF PIPELINE RIGHT OF WAY EASEMENTS LOCATED IN ECTOR COUNTY TEXAS

RDX Technologies Corp.'s easements have been filed in Ector county, Texas, along its fully granted rights-of-way for its pipeline operation located in Odessa, Tex.

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, Oct. 9, at 10 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.

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