Rival Patent Issued
Rival Technologies Inc. (Symbol: RVTI) is pleased to report that its patent for TRU technology has been issued by the Canadian patent office. This means that Rival is now free to pursue oil industry partnerships relating to the massive Canadian oil sands. A patent application in the United States remains patent pending.
Rival Marketing Agreement
Rival Technologies Inc. (Symbol: RVTI) has entered into an agency agreement to provide for marketing TRU technology to the Oil Sands industry. This agreement provides Rival with additional heavy oil expertise and direct contact with oil sands participants. It forms the basis of the company’s next steps of securing a oil industry partner(s) to move TRU technology towards commercial use.
Rival Technologies Inc. (Symbol: RVTI) is in the process of securing a financing to allow the company to market its heavy oil upgrading technology and operating overhead through to cash flow from licensing the technology. Interested parties are invited to contact the company directly via the contact information found at the company website www.rvti.com.