/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR
DISSEMINATION IN UNITED STATES/
TSX Venture: RTI
EDMONTON, May 28, 2014 /CNW/ - Radient Technologies Inc. ("Radient") announces that Dr. Hans Black has resigned as a director of Radient
effective immediately. Dr. Black has determined it appropriate for him
to resign from the Board of Directors of Radient while the TSX Venture
Exchange (the "Exchange") completes its review of his involvement as a director of Radient
pursuant to the initial listing requirements of the Exchange for
Radient. Subject to acceptance by the Exchange following completion of
its review, it is intended that Dr. Black will be reappointed to
Radient's Board of Directors. The Exchange review should have no
bearing on Dr. Black's roles on the board of directors of several other
Radient extracts natural ingredients and compounds from a range of
biological materials using microwave assisted processing ("MAP™"), a patented platform which along with extraction expertise developed
over more than a decade, provides superior outcomes for its customers
in terms of purity, yield, and cost.
Radient's customers are global market leaders in industries that include
pharmaceutical, food, beverage, natural health, active care and
bio-fuel markets. Working with each customer compound over three
stages, scaling from initial feasibility to pilot scale to commercial
production, Radient generates revenue at every phase of the customer
relationship, culminating in a manufacturing agreement, a technology
license, or a joint venture.
Radient commissioned its 20,000 square foot manufacturing plant in
Edmonton, Alberta in January 2014 with current capacity to process
commercial volumes of up five (5) tonnes of biomass per day.
Expandable to over ten (10) tonnes per day, the building and premises
are owned by 1631807 Alberta Ltd., of which Radient is a 50%
Along with the existing MAP™ technology patent, Radient has filed three
(3) additional patents in connection with it, and continues to develop
and file patents for incremental intellectual property developed with
Neither the Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the Exchange) accepts responsibility for
the adequacy or accuracy of this press release.
SOURCE: Radient Technologies Inc.
For further information:
please contact: Denis Taschuk, President and Chief Executive Officer of Radient, at (780) 465-1318 (ext. 274).