Orbite Aluminae Inc.
TSX : ORT
OTCQX : EORBF

Orbite Aluminae Inc.

October 23, 2014 08:30 ET

Orbite Awarded Green Chemistry and Engineering Network Award

MONTREAL, QUÉBEC--(Marketwired - Oct. 23, 2014) - Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company") announced today it has been awarded the Chemical Institute of Canada's Green Chemistry and Engineering Network Award. The award is presented to companies that have made significant contributions to the field of green chemistry and engineering, including the technical, economic, human health and environmental benefits.

The accolade was awarded to Orbite for its development of a breakthrough technology in the field of alumina production and monetization of red mud and fly ash. Alumina is the primary material used to make aluminium, and is extracted from bauxite. The industry currently uses an extraction process that generates a highly caustic waste, which is typically stored in holding ponds. Depending on the quality of the bauxite and process efficiencies, between one and two tonnes of waste is generated for each tonne of alumina produced.

The awarding body stated, "Orbite Aluminae has engineered a green, eco-friendly technology for producing alumina from clay and fly ash. That game-changing chemical process completely eliminates red mud, and represents by far the most important environmental innovation in the aluminium industry. For the first time in history, it is possible to produce the same quality of alumina and aluminium without any red mud."

Glenn Kelly, CEO of Orbite, stated, "We are very proud having been awarded this accolade by such a renowned institution. We believe this award is a testament to the brilliant work done by our team at our world-class Technology Development Centre."

About Orbite

Orbite Aluminae 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 and fly ash. Orbite is currently in the process of finalizing its first commercial high-purity alumina (HPA) production plant in Cap-Chat, Québec and has completed the basic engineering for a proposed smelter-grade alumina (SGA) production plant, which would use clay mined from its Grande-Vallée deposit. The Corporation's portfolio contains 16 intellectual property families, including 12 patents and 96 pending patent applications in 10 different countries and regions. The first intellectual property family is patented in Canada, USA, Australia, China, Japan and Russia. The Corporation also operates a state of the art technology development center in Laval, Québec, where its technologies are developed and validated.

Forward-looking statements

Certain information contained in this document may include "forward-looking information". 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 July 30, 2014.

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.

Contact Information

  • TMX EQUICOM
    Mark Lakmaaker, External Investor Relations Consultant
    1-800-385-5451 ext. 248
    mlakmaaker@tmxequicom.com

    For Media Inquiries:
    TMX EQUICOM
    Crystal Quast, External Media Relations Consultant
    1-800-385-5451, ext. 266
    cquast@tmxequicom.com