RDX Announces Multi-Year Treated Water Delivery Contract
New Odessa Texas Pipeline for Delivery of Treated Water
Business Update Conference Call Today at 11:00 a.m. Eastern Time
SCOTTSDALE, AZ and CALGARY, March 24, 2014 /CNW/ - RDX Technologies Corporation ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE:RL7), a water treatment and energy technology company, today announced that RDX Pipeline Company, which is under the management of RDX, executed a multi-year contract for the delivery of treated waste water with COG Operating LLC. ("COG").
The contract is a multi-term thirteen year agreement and provides for delivery of more than 45,000 barrels per day of treated water. RDX Pipeline Company, LLC is currently constructing and will own and operate the south Texas pipeline.
RDX will be hosting a business update conference call today at 11:00 a.m. Eastern Time. The purpose of the call is to detail progress on the Company's new Odessa facilities and pipeline construction as well as growing operations in Southwest Texas.
Interested parties can access the conference call by dialing (877)-407-8133 for U.S. callers or (201)-689-8040 for international callers, or listen via a live Internet webcast on the Company's website at www.rdxh2o.com.
A teleconference replay of the conference call will be available approximately one hour following the call, through midnight Monday, April 7, 2014, and can be accessed by dialing (877)-660-6853 (U.S. callers) or (201)-612-7415 (international callers) and entering conference ID: 13578817. A webcast replay of the conference call will be accessible on the Company's website at http://www.rdxh2o.com/ for 90 days.
About RDX Technologies Corporation
RDX Technologies Corporation is an energy and water treatment technology company. The Company is applying proprietary technology to refine liquid fuels from materials mined from waste water generated from industrial and commercial sources. These markets include a wide variety of clients across a broad spectrum of industries. The Company trades on the TSX Venture Exchange under the symbol "RDX", the OTCQX as "RGDEF" and the Frankfurt Stock Exchange as "RL7".
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 CorporationFor further information:
David Waldman at Crescendo Communications