Solanex Management, Inc. (SLNX.OB) Expands Previously Signed MOU for Oil Sand Extraction Technology
QualityStocks (September 21st, 2009) Writes:
The Board of Solanex Management Inc. announced that Solanex has expanded the territories for the sub-license in their Memorandum of Understanding (MOU) for technology leasing rights for sales, marketing and distribution to a Pyrolitic Hydrocarbon Gasification System and a Liquid Extraction Systems. Additionally, the exclusive territories have been expanded to include the country of Mexico.
With the terms and conditions for these rights remaining unchanged, this extension allows the company to explore opportunities in the extensive oil and used tire markets in Mexico. Government agencies throughout Mexico are all very concerned about environmental issues, especially as they pertain to used tires in local landfills. The liquid extraction system may also be of interest to the petroleum industry as it uses a non-toxic, non-carcinogenic solution that separates the oil from its host (i.e. oil sands). The system may also be used in
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