Orbite Named as National Winner of the 2012 Regional Awards for New Technology
January 9, 2013 (Source: Marketwire) — Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) (“Orbite”) is pleased to announce that the Canadian Manufacturers and Exporters (CME) in collaboration with the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) have recognized Orbite as the National Winner of the 2012 Awards in New Technology for the innovation of alumina production without red mud waste. Orbite was previously selected as the regional winner for the Province of Quebec. The NRC-IRAP Award for New Technology recognizes national innovative excellence in the development, adoption, and application of new technology in process or products.
Orbite’s innovative and proprietary process can successfully produce alumina from clay and other feedstocks including red mud, the waste by-product of alumina production from bauxite using the industry-standard Bayer process. An estimated 3 billion tonnes of red mud exists worldwide in stockpiles with an additional 100 million tonnes produced annually. Orbite will license its technology internationally with the intent of changing the alumina industry and eliminating red mud waste.
Orbite obtains a new patent in the United States
Orbite is also pleased to announce it recently received on December 25, 2012 a new patent in the United States. The new patent, U.S. Patent 8,337,789, together with U.S. Patent 8,241,594, which was received on August 14, 2012, relates to the production of alumina from various feedstocks such as aluminous clay and more specifically with the processes related to the production of high-purity alumina (HPA). Orbite is currently in the process of commissioning its first HPA plant in Cap-Chat, Quebec.
In addition, the Company has received a legal opinion demonstrating Orbite has the freedom to operate in Canada in relation to its HPA process without infringing on patents owned by third parties.
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“The granting of this patent is very good news and it comes at a very opportune time as we will soon begin commercial production of high-purity alumina. Therefore, it is reassuring and encouraging to know that we are very well protected in the U.S. which is one of the most important markets,” said Richard Boudreault, President and CEO of Orbite.
Orbite has also completed the filing of another provisional patent application in the United States on November 14, 2012 with U.S. application 61/726,079, which relates to various improvements and processes for the production of high-purity alumina (HPA). This patent application therefore adds a fourteenth family to Orbite’s patent portfolio, which now has seven patents issued and 33 pending applications in nine different countries.
Orbite Aluminae Inc. is a Canadian cleantech company whose innovative technologies are setting the new standard for alumina production. Orbite technologies enable the low-cost and environmentally-neutral extraction of smelter-grade alumina (SGA), high-purity alumina (HPA) and high-value elements, including rare earths and rare metals, from a variety of sources such as aluminous clay and bauxite, without producing any wastes such as the caustic red mud residue generated from the industry standard Bayer process. The Company owns 100% of fourteen different families of intellectual property rights (and patents pending) filed across the world for the extraction of alumina at the highest standards of sustainability. Orbite also owns exclusive mining rights over a total of 585 km2 including the 33.4 km2 Grande-Vallée property, the site of a homogeneous aluminous clay deposit in Quebec, Canada containing an NI 43-101 compliant Indicated Mineral Resource of 1.04 billion tonnes (see Reviewed Preliminary Economic Assessment, dated May 30, 2012 and ORT May 31, 2012 press release for a detailed breakdown of the resource). Orbite holds a mining lease on a portion of the deposit. Orbite is currently commissioning its 2,600 m2 high-purity alumina (HPA) plant in Cap-Chat, Quebec, Canada, which will become fully operational in the first quarter of 2013. The first smelter-grade alumina (SGA) plant is currently at the Feasibility Study Stage and the Company anticipates the initiation of construction towards the end of 2013. Orbite plans to license its technologies to well-qualified alumina producers who want to reduce their environmental footprint. Orbite has signed memorandums of understanding with the world’s largest aluminum producer, UC RUSAL, and with a major Asian aluminum company. A series of white papers on the application of its technology for the production of alumina, remediation of red mud, and extraction of rare metals are available on our website: www.orbitealuminae.com/en/technology/white-paper.
Certain information contained in this document may include “forward-looking information”, including statements regarding the intended use of proceeds of the Offering. Without limiting the foregoing, the information and any forward-looking information may include statements regarding projects, costs, objectives and future returns of the Company or hypotheses underlying these items. In this document, 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. Forward-looking statements and information are based on information available at the time and/or the Company management’s good-faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. These risks uncertainties and assumptions include, but are not limited to, those described in the section of the Management’s Discussion and Analysis (MD&A) entitled “Risk and Uncertainties” as filed on March 22, 2012 on SEDAR, and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company does not intend, nor does it undertake, any obligation to update or revise any forward-looking information or statements contained in this document to reflect subsequent information, events or circumstances or otherwise, except as required by applicable laws.
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