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
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
David Waldman at Crescendo Communications
Investor Relations
(212) 671-1021
dwaldman@crescendo-ir.com
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