- EXPERIENCED PILOT PLANT MANAGER JOINS TEAM
- IMPROVED COSTS, IP PROTECTION AND TIME LINES
COMPANY CONTINUES TOWARD FULL SCALE PRODUCTION
MONTREAL, Dec. 4, 2013 /CNW Telbec/ - Argex Titanium Inc. (TSX: RGX) ("Argex" or the "Company") is pleased to announce the recent appointment of Maria Alejandra Jimeno as Lab Manager at its R&D Centre in Valleyfield, Quebec. She will manage Argex's laboratory team that is already in place. Ms. Jimeno will fill a key role in the execution of the Company's strategy of moving rapidly to production.
Ms. Jimeno has a Bachelor degree in Materials Engineering and has extensive experience in managing pilot plant facilities for large specialty chemical companies. She will report directly to Enrico Di Cesare, Argex's Chief Operating Officer and Vice President of Technology.
As announced on October 29, 2013, Argex's new R&D Centre is currently operational on the same site as the proposed full scale plant. "The R&D Centre is a strategic part of Argex's transformation into a large scale producer of pigment grade titanium dioxide," said Mr. Di Cesare. "It allows us to better protect our intellectual property while reducing costs and timelines."
Mr. Roy Bonnell, President & CEO of Argex, stated: "With the addition of Ms. Jimeno, we continue to add experienced and dedicated personnel into the positions we need for our next phase of development. Ms. Jimeno complements our in-house R&D strategy to further build out our technology leadership. By including the R&D centre in the same facility as our planned full scale production plant, we will achieve speed and efficiency gains in technology development, as well as in plant construction."
About Argex Titanium Inc.
ARGEX Titanium Inc. is a near-term producer of Titanium Dioxide (TiO2) pigment. With a primary goal of advancing rapidly towards production, Argex has adopted a simple and low-risk strategy for the scale-up of its proprietary process. Argex is pleased to have selected Valleyfield, Quebec as the location for its Research & Development centre and first industrial-sized production facility. The location of the site can be viewed at Argex Valleyfield.
This news release contains statements that may constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding the future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors" in Argex's Annual Information Form for the fiscal year ended December 31, 2012, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.
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SOURCE Argex Titanium Inc.