Solanex Management Inc. SLNX Archives

MondaySep 21, 2009 8:03 am

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

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…

WednesdaySep 16, 2009 4:11 pm

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

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…

ThursdaySep 10, 2009 3:40 pm

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

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…

FridaySep 04, 2009 10:05 am

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

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…

TuesdaySep 01, 2009 11:45 am

Solanex Management Inc. (SLNX.OB) Moves Forward

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…

MondayAug 31, 2009 8:53 am

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

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…

TuesdayAug 25, 2009 9:09 am

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

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…

MondayAug 24, 2009 11:22 am

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

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…

TuesdayAug 04, 2009 2:10 pm

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

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,…

FridayJul 31, 2009 2:05 pm

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

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…

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