Board of Directors Approves Share Award
SCOTTSDALE, AZ and CALGARY, Nov. 21, 2013 /CNW/ - RDX Technologies Corporation ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE:RL7), a water treatment and energy technology company, today announces the board of directors has approved a new three year employment contract for Dennis M. Danzik, the Company's Chief Executive Officer. The contract includes a grant of 750,000 incentive share awards under the terms of the Share Award Plan of the Corporation approved by shareholders on February 10, 2012 (the "Plan"). The share awards are granted in tandem and may be exercised by the recipient as stock options or stock appreciation rights in accordance with the provision of the Plan. The share awards are subject to vesting provisions as established by the Corporation's Compensation Committee.
Tony Ker, RDX Chairman stated, "To have an individual with the training, talents and business skill that Dennis possess, commit to our Company on a long term basis is not only exciting, but a real confidence builder. Over the last eight months of restructuring the Company and gaining precise focus; Dennis has delivered, period. In addition to Dennis's commitment, we also retain the cohesive team approach to management, engineering, and manufacturing that Dennis cultivates on a consistent basis."
About RDX Technologies Corporation
RDX Technologies Corporation is a water treatment and energy technology company. The Company is applying proprietary technology to treat water generated from industrial and commercial waste water markets. These markets include a wide variety of clients across abroad 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
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SOURCE: RDX Technologies Corporation
For further information:
David Waldman at Crescendo Communications