Orbite Technologies Inc.

Orbite Technologies Inc.

June 22, 2016 17:33 ET

Orbite Announces Annual Meeting Results

MONTRÉAL, QUÉBEC--(Marketwired - June 22, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company") announced today that shareholders of the Company have approved all management resolutions put forth at the Annual Meeting of Shareholders held in Montréal, Québec, on Wednesday, June 22, 2016.

Shareholders elected each of the Company's nominees for director by the following votes cast by ballot:

Director Votes For % For Votes Withheld % Withheld
Glenn Kelly 62,531,744 95.33 % 3,066,461 4.67 %
Claude Lamoureux 65,922,139 97.71 % 1,541,941 2.29 %
Pascal Decary 60,450,052 89.60 % 7,014,028 10.40 %
Lionel Leveillé 63,309,223 95.84 % 2,746,857 4.16 %
Pierre B. Meunier 63,136,004 93.58 % 4,328,076 6.42 %
Stephane Bertrand 63,547,999 94.20 % 3,916,081 5.80 %
Pierre Gignac 65,662,040 97.33 % 1,802,040 2.67 %

Shareholders voted to appoint KPMG LLP as the Company's auditor, and authorized the directors to fix their remuneration. The Company received a shareholder proposal for the election of Mr. Lorenzo D'Alesio as nominee for director which was defeated 5.76% of votes for and 94.24% votes withheld.

Complete voting results can be found on www.sedar.com.

About Orbite

Orbite Technologies Inc. is a Canadian cleantech company whose innovative and proprietary processes are expected to produce alumina and other high-value products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, and in a sustainable fashion, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud, fly ash as well as serpentine residues from chrysotile processing sites. Orbite is currently in the process of commercializing its first HPA Plant in Cap-Chat. The Company's portfolio contains 16 intellectual property families, including 32 patents and 101 pending patent applications in 11 different countries and regions. The first intellectual property family is patented in Canada, USA, Australia, China, Japan and Russia. The Company also operates a state of the art technology development center in Laval, Québec, where its technologies are developed and validated.

Contact Information

  • NATIONAL Equicom
    Marc Lakmaaker
    External Investor Relations Consultant

    For Media Inquiries:
    NATIONAL Equicom
    Scott Anderson
    External Media Relations Consultant