11:12:54 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Robix Alternative Fuels Inc
Symbol RZX
Shares Issued 16,691,103
Close 2015-03-26 C$ 0.36
Market Cap C$ 6,008,797
Recent Sedar Documents

Robix, Grupo Macomax to market COV in Mexico

2015-03-27 07:52 ET - News Release

Mr. Nathan Hansen reports

ROBIX SIGNS LOI WITH MEXICO CONSORTIUM TO JOINTLY MARKET THE COV IN MEXICO

Robix Alternative Fuels Inc. has formed a Mexican subsidiary, Corris Technologies Mexico SA de CV, and through Corris it has entered into a non-binding letter of intent (LOI) with Grupo Macomax SA de CV in Mexico. Grupo Macomax is a Mexican corporation that offers solutions to environmental emergencies in the whole Mexican territory. Grupo Macomax is a holding company that is part of a multimillion-dollar consortium that has been in business for more than 17 years and has developed strong ties with Pemex and the Mexican federal government as a reliable service provider.

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 in that country. Efforts are currently under way to arrange for shipping the recently manufactured COV to Mexico for reassembly, testing and deployment upon the execution of a definitive agreement.

In addition, Corris has retained the services of local Mexican marketing experts Fidus & Creare to assist with the marketing of the COV in Mexico. For more information on Corris and the COV please visit the newly launched website.

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