Archive for the ‘Solanex Management Inc. SLNX’ Category

Solanex Management, Inc. (SLNX.OB) Expands Previously Signed MOU for Oil Sand Extraction Technology

Monday, September 21st, 2009

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 an insitu recovery of in ground; old capped/closed oil wells, low producing wells as well as low producing heavy oil deposits where the viscosity is too thick to economically bring the oil to surface.

The due diligence period, which has already begun, is to be concluded on or before the 31st of October, 2009. The territory includes the exclusive rights for Mexico, the Central and South American region as well as additional Joint Venture rights to projects in North America with the existing rights holder. The agreement calls for a royalty which is not to exceed 5% of the net production revenue as well as a payment of 3 million common shares of Solanex.

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Solanex Management Inc. (SLNX.OB) Inks MOU for Oil Sand Extraction Technology

Wednesday, September 16th, 2009

The Board of Solanex Management Inc. today announced that the company has entered into a Memorandum of Understanding (MOU) to acquire technology leasing rights for sales, marketing and distribution to both a Pyrolitic Hydrocarbon Gasification System and a Liquid Extraction System owned by American Resource Petroleum Corporation of Utah.

This move has been made to enhance the incineration / gasification component of Solanex’s business model as the company believes the raw feed products of oil sands, oil shale, coal or used tires to be an added benefit to potential customers, especially Municipal, State and Federal Governments. Government agencies throughout the defined territory are all concerned about environmental emissions and will appreciate knowing that these technologies have been favorably reviewed by the EPA.

According to the company, the liquid extraction system uses a non-toxic, non-carcinogenic solution which separates the oil from its host (i.e. oil sands), but can also be used in an insitu recovery of in ground; old capped/closed oil wells, low producing wells as well as low producing heavy oil deposits where the viscosity is too thick for economical production.

Under the terms of the MOU, there is a due diligence period which is to conclude on or before the 31st of October, 2009. The territory includes the exclusive rights for the Central and South American region as well as additional Joint Venture rights to projects in North America with the existing rights holder. The agreement calls for a royalty which is not to exceed 5% of the net production revenue as well as a payment of 3 million common shares of Solanex.

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Solanex Management, Inc. (SLNX.OB) Updates Investment Community Regarding Development of the JV

Thursday, September 10th, 2009

The Board of Directors of Solanex Management Inc. today announced an update in regard to the development of its Joint Venture announced on August 25 2009. The company was pleased to announce that negotiations have been completed for the Joint Venture (JV) with Geo Finance Corporation and all documents, incorporation of the Limited Liability Corporation and all necessary operating agreements will be completed by the end of this month in advance of the stated “Negotiation Period”.

According to the press release, GeoFinance Corporation has informed Solanex that it has presented an Expression of Interest to provide financing and monitoring for the installation of a geo-exchange collection field in Ontario, Canada.

As defined in the feasibility/engineering study, the details of the project call for the provision of heat, hot water and air-conditioning for up to 540,000 square feet of residential, municipal arena and retirement facilities at a cost estimated to be approximately $4.5 million.

As previously described in the August release, the JV will be established by means of a Limited Liability Company (LLC) under US Law, with its place of business being in the State of Nevada. According to the terms of the Memorandum of Understanding, the JV will be 51% owned by Solanex and 49% by Geo Finance Corporation.

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Solanex Management Inc. (SLNX.OB) Adds Board Member

Friday, September 4th, 2009

Solanex Management Inc. announced today that Mr. Luis Mora has accepted a position on the company’s Board of Directors. Currently residing in Barcelona Spain, Mr. Mora has during the past five years researched and negotiated with municipalities throughout Mexico for the implementation of waste to energy facilities. Mr. Mora’s knowledge of the Mexican and Central American regions’ political and socio-economic practices will be invaluable to Solanex’s efforts in Central America.

The company was also pleased to announce that it has received a proposal for the due diligence of the waste to energy technology previously announced. The proposal includes a complete peer review of the technology, including the scope of the technology, the modular aspect of the technology, the upper and lower size limits of the technology, the requirements from the host (municipality) for the project to succeed, the “project variables” for a given range of plant sizes, and more. The peer review is expected to be completed prior to the closing date of October 21, 2009.

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Solanex Management Inc. (SLNX.OB) Moves Forward

Tuesday, September 1st, 2009

Solanex Management Inc. is a technology company that designs and manufactures Thermal Destructors and Steam Injection Systems. The company also has a division devoted to investing in outside business opportunities, with an emphasis on environmentally friendly technologies.

The company’s Thermal Destructor is a mobile system used to clean soil that has been contaminated with pollutants. The system sterilizes soil by using a gas-fired combustion chamber and a liquid scrubber, and is effective in cleaning up oil from well sites.

The Steam Injection System is a steam generation device that is used to inject steam into the ground in order to assist in the production of hydrocarbons from heavy oil or oil sands projects. The system can also be used in tertiary recovery efforts on mature wells that can no longer produce on their own. The company’s device is portable and is powered by flexible fuel sources.

Solanex Management Inc recently signed a letter of intent to purchase technology from Alten Power Corporation involving waste to energy conversion. The technology will allow the processing of Municipal Solid Waste into energy. According to the agreement, Solanex will pay $200,000 cash and 3 million common shares for the technology.

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Solanex Management Inc. (SLNX.OB) Signs LOI for Acquisition Set to Enhance Business Strategy

Monday, August 31st, 2009

Solanex Management Inc. focuses on developing, manufacturing, distributing and marketing alternative energy technologies. The company recently announced it has signed a Letter of Intent (LOI) for the acquisition of certain sales, marketing and distribution rights for Alten Power Corp.’s waste-to-energy technology.

The deal is in line with Solanex’s decision to strengthen the incineration/gasification component of its business strategy. In the company’s press release, it said the addition of gasification technology of municipal solid waste is an added benefit to potential customers, including municipal, state and federal governments.

Per the agreement, the due diligence period for the LOI will close on or before October 21, 2009. At the closing, Solanex will acquire the rights to Alten Power’s current projects, including assessments for waste-to-energy facilities in Central and South America, the United States and Canada. The transfer will be completed with Solanex’s payment of $200,000.00 to Alten Power, as well as 3 million common shares.

The company also announced Derek Bartlett as the newest member of the company’s board of directors. Bartlett’s experience includes consulting, as well as serving as president of two junior public mining companies. Mr. Bartlett has also served on the board of three other public companies.

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Solanex Management, Inc. (SLNX.OB) and Geo Finance Corp. (GEFI.PK) Enter MOU to Form Joint Venture

Tuesday, August 25th, 2009

Solanex Management Inc. and Geo Finance Corporation jointly announced today that they have signed a Memorandum of Understanding (“MOU”) to form a Joint Venture. According to the terms of the MOU, Solanex will provide working capital to the Joint Venture and Geo Finance will provide its business models and full inclusion of its client lists, in addition to all sales and marketing IT of Geo Exchange renewable energy programs.

According to the press release, the Joint Venture will be established by means of a Limited Liability Company (LLC) under US Law, with its place of business being in the State of Nevada. The JV will be 51% owned by Solanex and 49% by Geo Finance. There is a 60 day “Negotiation Period” to formalize the MOU and a performance date of 90 days thereafter for Solanex to provide the required working capital of $500,000.00 for the JV.

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Solanex Management Inc. (SLNX.OB) Up 90% on Above Average Volume

Monday, August 24th, 2009

Solanex Management’s shares are currently trading at $0.19, up 90%, on more than 140,000 traded shares. With a daily average of 1,300 traded shares, the stock is trading far above its typical volume and its only noon!

In most recent news, the company announced that it has entered into a Letter of Intent to acquire certain sales, marketing and distribution rights to a Waste to Energy technology from Alten Power Corporation. The due diligence period is to conclude on or before October 21, 2009.

As term of the agreement, Solanex would acquire any and all rights to projects that have been initiated by Alten Power Corporation, including but not limited to feasibility/viability assessments for waste to energy facilities in Central and South America, the United States and Canada.

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Solanex Management, Inc. (SLNX.OB) Looks For Manufacturers

Tuesday, August 4th, 2009

Solanex Management Inc. plans to contract with third parties to manufacture and assemble the company’s Steam Injection System, a unique advanced mobile steam generation process for use by the oil industry to extract trapped oil. The system provides a number of cost and operational benefits over any existing steam system, and is expected to be of special value for the liquefying of bitumen, a semi-solid form of oil that doesn’t flow at normal temperatures.

Because the system requires a significant amount of capital to manufacture, Solanex will not maintain a standing inventory. Rather, each unit will be made to order, customized to better fit each customer’s distinctive needs. Each time a customer purchases one of the Steam Injection Systems, a field operations specialist will be sent to the site to work with customer engineers and collect relevant data. The result will be 3D terrain and site modeling and design specifications, along with delivery temperature and pressure pumping requirements. The specialist will also help determine the number of systems needed for successful application.

There are a number of manufacturing facilities being considered, and initial arrangements have been made with TS2000-Star Vehicle Technologies Inc., which has production facilities currently under construction in British Columbia through a joint venture with Heromin, the North American arm of Yituo China Manufacturing Group (YTO). The TS2000/Heromin Joint Venture has indicated that it may also open a U.S. facility in the state of Washington. Heavy steel components could be manufactured in China and assembled in Washington, along with various U.S. electronic control components. Solanex has a Master USA license which guarantees exclusivity to U.S. clients.

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Solanex Management, Inc. (SLNX.OB) Offers Unique Oilfield Tools

Friday, July 31st, 2009

Solanex Management Inc., a Nevada company specializing in the application of steam technologies, offers a unique way to help the industry and the environment. The company has obtained the right to manufacture, market, and sell what is called the Thermal Destructor, a self-contained, mobile system for the cleaning of sites, such as abandoned oil well sites, contaminated with hydrocarbons. The product consists of a high-efficiency combustion chamber, together with an advanced air scrubbing system that effectively breaks down all hydrocarbon residues by combusting them, returning sterile, cleaned soil and clay back to the environment. Solanex provides the technology for site cleanup services through an agreement with ecoTECH Waste Management Systems.

In addition, the company also offers the oil industry a Steam Injection System, being developed for use in the oil sands and shale-heavy oil mining industry. It utilizes knowledge gained from the development of the Thermal Destructor to create an easy to deploy steam generation system, for use in oil fields where high-pressure steam can be injected into the oil formation to soften material in which oil is trapped to help separate it from the earth. The steam simultaneously creates channels through which oil can flow to the well. The approach is valuable for wells that have already been exhausted via primary and secondary means of oil retrieval.

The Steam Injection System is especially well suited for companies in the bitumen/heavy oil exploitation business. Bitumen is a semi-solid tar-like form of oil that doesn’t flow at normal temperatures and pressures, and cannot be produced from a well without heating or dilution. Steam is a logical solution. High pressure steam can be injected into the oil sands over the course of several weeks, softening the bitumen and separating it from the sands while creating channels for the liquefied bitumen to flow to the well. Monthly cycles of steam injection can be used to continue production on a regular basis.

Existing steam application systems usually involve large stationary structures that are very expensive, and with a finite range due to pumping and piping limitations. The Solanex solution offers a number of advantages over conventional systems:

• Portability
• Lower Cost
• Higher Efficiency
• Fuel Flexibility

As a result, the Solanex Steam Injection System can be used to recover heavy oil from shale deposits not previously viable.

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Solanex Management Inc. (SLNX.OB) Announces QualityStocks Coverage

Tuesday, July 28th, 2009

Solanex Management, Inc. announced they will be featured in upcoming Daily Newsletters, Daily Blogs, and Message Boards. QualityStocks has over 750,000 subscribers to The Daily Stock Newsletter, which is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one Free Daily Newsletter Report.

Solanex Management, Inc. is focused on developing, manufacturing and selling the Thermal Destructor; developing, manufacturing and selling the portable Steam Injection System; and investing in other viable business opportunities. Solanex Management is also analyzing and searching for synergistic business opportunities that will allow the company to utilize its existing technology in other business applications.

Mr. Eckert stated, “Solanex Management has a unique and solid business foundation, and appreciates the opportunity to sponsor the QualityStocks Newsletter, Video and Blogs. QualityStocks is providing a much needed service in the micro-cap and small-cap markets.”

Michael McCarthy, Managing Director for QualityStocks, commented, “We are very pleased to have Solanex Management as a featured company. The Company is methodically establishing itself as a category leader.”

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Solonex Management Inc. (SLNX.OB) to Customize Steam Injection System for Customers

Friday, July 24th, 2009

Solonex Management Inc. is a company working on the development, manufacture and sales of renewable and waste energy technologies. One product Solonex is working on is the Steam Injection System which is intended for use in the oil sands and shale/heavy oil industries. The company’s Steam Injection System is designed for use in oil fields where high-pressure steam can be injected into the oil formation to help dilute and separate the heavy oil from the earth.

Solonex’s Steam Injection System requires a lot capital to manufacture, so the company will not initially maintain an inventory of the product. As is customary with companies that develop and manufacture large construction and/or mining equipment, each unit will be made to order.

When a customer orders the Steam Injection System, Solonex will send field specialists to the firm to speak to the customer’s engineers, survey the site, and gather other relevant data. The specialists will then relay all of that information to Solonex so that the Steam Injection System will be manufactured to the customer’s specifications in order to meet their unique needs.

Next year, Solonex plans to contract with third parties to manufacture and assemble their Steam Injection Systems according to the company’s technical specifications. Solonex is pursuing bids from various manufacturing companies around the globe.

Solonex has made initial arrangements with TS2000-Star Vehicle Technologies Inc. This company has production facilities under construction in Malakwa, British Columbia, Canada. The facilities are a joint venture with Heromin, the North American arm of Yituo China Manufacturing Group, which is a large Chinese manufacturer with over 52,000 employees.

The TS2000/Heromin joint venture has indicated that it may open a US facility in the Free Trade Zone at the port of Bellingham, once the Canadian operation is running smoothly in about 18 months. Solonex is expecting to have assembly of Steam Injection Systems in Bellingham with heavy steel components manufactured in China, and other components such as electronics, controls and computer systems manufactured in the US.

This strategy on manufacturing and assembling the Steam Injection System should prove to have cost advantages for the company and filter through to the bottom line for Solonex.

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Solonex Management, Inc. (SLNX.OB) Developing Steam Product to Recover Oil

Tuesday, July 21st, 2009

Solonex Management Inc. is engaged in developing, manufacturing, marketing and selling alternative, renewable and waste energy technologies. The company is focused on two products currently – the Thermal Destructor and the Steam Injection System.

The company’s Thermal Destructor is a self contained soil residue combustion system designed to clean contaminated sites by sterilizing the soil. The device consists of a high-efficiency, waste or gas-fired combustion chamber and a new generation scrubber which traps pollutants in air emissions. Applications would include cleaning hydrocarbon spills at the end of the life of a producing well.

Solonex’s Steam Injection System is a derivative technology of the Thermal Destructor. It utilizes knowledge gained from the development of the Thermal Destructor to create a quick deployment, mobile, high temperature and high pressure steam generation unit system.

The company’s Steam Injection System is being developed for use by the oil sands and shale-heavy oil mining industry. The system is designed specifically for use in oil fields where high-pressure steam can be injected into the oil formation to soften the material in which the oil is trapped and to help dilute and separate heavy oil from the earth. The injection of steam under high pressure also creates channels and cracks through which the oil can flow to the well – a tertiary oil recovery method.

The economic costs involved in getting oil from oil sands or bitumen and also from shale are very high and these expenses have continued to climb over the past several years. However, high energy prices should continue to provide an incentive for the development of these alternative oil sources.

Solonex’s Steam Injection System offers companies operating in these industries a viable alternative. The company’s Steam Injection System offers several advantages compared to current steam generation systems. These advantages include: portability, the lower cost to manufacture, the flexibility of the “fuel” required to generate steam and the efficiency of the burner in the system. The company hopes to attract customers for this product in the near future.

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Solanex Management, Inc. (SLNX.OB) Cleaning Soils Contaminated with Hydrocarbons

Thursday, July 16th, 2009

Solanex Management Inc. is in the business of development, manufacture, distribution, marketing and sales of alternative, renewable and waste energy technologies. One of the current products that the company is focusing its marketing and sales efforts on is the Thermal Destructor which is used to clean contaminated soil sites.

Solanex’s Thermal Destructor is a self-contained, mobile, soil residue combustion system used for cleaning contaminated sites by sterilizing soil. A common use for this technology is in the oil industry with the practice of cleaning up hydrocarbon spills at the end of the life of a production well by passing the soil and substrate through a rotary kiln. In this kiln, the hydrocarbons are burned, delivering sterile and cleaned soil and clay residues.

The company’s Thermal Destructor consists of a high-efficiency, waste or gas-fired combustion chamber and a new generation exhaust gas, low-pressure drop liquid scrubber effective in trapping pollutants in air emissions.

Solanex has the full rights to this technology as per a joint venture agreement with ecoTECH Waste Management Systems which is owned by Mr. Colin V. Hall. Mr. Hall is also a major shareholder of Solanex. As per the agreement, Solanex will focus on marketing and selling the product while ecoTECH manufactures the Thermal Destructor and contracts out their services.

In addition, ecoTECH has expanded the business arrangement with Solanex to include a portable high temperature steam generation technology – the Steam Injection System. This product has been designed for use in oil fields where high pressure steam can be injected into the oil deposit to help dilute and separate bitumen/heavy oil from the ground.

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Solanex Management Inc. (SLNX.OB) is “One to Watch”

Thursday, July 16th, 2009

Solanex Management, Inc. is focused on developing, manufacturing and selling the Thermal Destructor; developing, manufacturing and selling the portable Steam Injection System; and investing in other viable business opportunities, including mineral resource properties. Through a joint venture agreement with ecoTECH, the company has secured a relationship critical to achieving success.

The company’s Thermal Destructor is a self contained, soil residue combustion system designed to clean contaminated sites by sterilizing soil. The system consists of a high efficiency, waste or gas-fired combustion chamber and a next-generation exhaust gas, low-pressure drop liquid scrubber effective in trapping pollutants in air emissions. A common use of the Thermal Destructor is cleaning up hydrocarbon spills at the end of the life of a production well.

The Steam Injection System has been designed specifically for use in oil fields where high-pressure steam can be injected into the oil formation to help dilute and separate heavy oil from the earth. Solanex Management believes the most immediate market for the system is to companies who are in the bitumen/heavy oil exploitation business where oil can’t be produced unless it is heated or diluted. Unlike current steam generation systems, the Steam Injection System is portable, costs less to manufacture, and can utilize various fuel sources to create steam.

Going forward, the company is working on identifying companies to partner with to better expose its technology to the intended markets. Solanex Management is also analyzing and searching for synergistic business opportunities that will allow the company to utilize its existing technology in other business applications. With marketing and manufacturing plans in place, Solanex Management is positioned to capitalize on its revolutionary technologies.

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