Permit Includes Approval of RDX Multi-Tier Water Treatment
System
SCOTTSDALE, AZ, Oct. 17, 2013 /CNW/ - RDX Technologies
Corporation ("RDX" or the "Company") (TSXV: RDX, OTCQX:
RGDEF, FSE:RL7), a water treatment and energy technology
company, today announced it
has been granted a waste water discharge permit for its
Santa Fe
Springs treatment facility during its air quality hearing
conducted on
October 16th, in
Diamond Bar, California.
The permit includes the ability to discharge 200,000 Gallons per
day,
and in capacity situations, discharge 300,000 Gallons per day.
The
permit also for the first time in a major municipal area
(Los Angeles
metropolitan area) also permitted RDX waste water treatment
equipment
and technology manufactured by the RDX facilities located in
Scottsdale, Arizona. A major
achievement in one of the most heavily
regulated air and water quality areas in the world.
Dennis M. Danzik, RDX CEO stated
"This permit marks nearly two years of
very hard work by our management and staff in both Santa Fe Springs,
and Scottsdale. It also signifies
that our technology and equipment
exceeds standards for operations within major metropolitan areas.
In
addition, we will now have the ability to operate all six
independent
"Multi-Tier" systems that will enable us to capture up to four
times
the valuable effluent from which our renewable fuel products
are
refined, and substantially cut treatment costs."
Danzik also stated, "Currently the Company has been successfully
mining
and shipping about a truckload of effluent to our Carthage refinery
every 2 to 3 days, over the last several months. Our California to
Missouri shipping program was
started to prove our business model. We
have proven that we can mine and ship our raw materials which we
gain
from waste water, and retain a substantial margin. Currently, a
truckload of effluent is worth about $
22,000.00 to us, when converted.
Our only cost is shipping the effluent to Missouri and that costs about
$ 3,500.00, but this cost is offset
by the tipping fee paid by our
customers at Santa Fe Springs. The
permitting awarded in California,
will allow us to greatly improve efficiency and gain more of our
target
customer base. We are expecting results of our water mining to
grow
more than 300% by the end of this calendar year. Over the next
several
months, as refinery capacity is added at Santa Fe Springs, the effluent
collected will be converted to fuel on site. "
The Company also announced that it will start large scale
remediation of
the 13 northern acres of the Company's 19.5 acres. Remediation is
a
part of a submitted Remediation Action Plan that includes the
demolition of old petroleum tanks, and remediation of shallow
soils.
The Company holds a $ 5MM dollar remediation contract as a part of
the
acquisition in April of this year. In addition the Company expects
to
realize between $ 1.2MM to
$ 2.2MM in additional revenue from
steel,
aluminum and other salvage operations on the site, beginning
next
month.
Danzik stated "With our permitting now in place, we can prepare
to
capture the large value that we have all worked hard to obtain.
The
footprint of our Santa Fe Springs
facility is about 6 acres; this is on
par with our facility in Missouri.
Our aggressive remediation program,
which will run through December of 2014, matches the Remediation
Action
Plan of the adjacent 36 acres that neighbors our property and was
part
of the original petroleum refinery, nearly twenty years ago.
Revenue
billings against our remediation contract will begin next month,
and
will continue through next year. Our Board of Directors on
October 8th approved the
marketing of our excess real estate, and we will be using
this substantial asset to capture cash, through debt or sale.
Our
expectations on value, is $ 8MM to just over $ 10MM depending on
the
new parcel lines. Our remediation contract and the capture of
the
values in our excess real estate holdings provide a pathway to
continued growth, a further strengthening of our balance sheet,
and
benefit to our shareholders."
The Company would like to publicly commend, and congratulate our
staff
who worked diligently at our Facility over the last year;
Paul Kita,
Manager - Engineering Services, Douglas
Bean, Manager - Special
Projects, Michael Barranco, P.E. - Facilities Engineer,
Jan Johnson -
Manager - Customer Service. The Company would also like to
recognize
Scott Havrisik - Vice President of
Business Development, and Bob
Everett, Manager - Energy Division, who both have put in
countless
hours at Santa Fe Springs over the
last year and a half, and now run
our Energy Division.
ON BEHALF OF THE BOARD OF DIRECTORS
"Dennis M. Danzik"
Dennis M. Danzik, CEO
danzikdirect@rdxh2o.com
"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 Corporation
