Orbite Aluminae Inc.

Orbite Aluminae Inc.

June 15, 2015 07:30 ET

Orbite Becomes Orbite Technologies Inc.

MONTRÉAL, QUÉBEC--(Marketwired - June 15, 2015) - Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company") is pleased to announce that effective June 17, 2015, the Company will change its name to Orbite Technologies Inc. to better reflect Orbite's current vision and growth prospects, while emphasizing the importance of its technologies in its current and future growth plans. Accordingly, Orbite's website will change to www.orbitetech.com.

Concurrently with its name change, the Company's shares will begin trading under the "Industrial/Technology" listing segment on the Toronto Stock Exchange, instead of "Mining". The Company stock symbols will remain unchanged, namely "ORT" for the Toronto Stock Exchange and "EORBF" for the OTCQX.

"We have now met the requirements of the technology segment on the TSX, which has allowed us to effect this name change," stated Glenn Kelly, Orbite's CEO. "The new name is a much better reflection of who we are as an organization: a clean technology based industrial mineral-processing and resource development company looking to leverage our IP portfolio and capitalize on a number of significant commercial opportunities. Our primary activities are focused on specialty products, addressing high-value growth opportunities and supply-restricted emerging technology markets, as well as on waste monetization, turning liabilities into assets."

About Orbite

Orbite Aluminae Inc. is a Canadian clean technology based mineral-processing and resource development 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 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 Company's portfolio contains 15 intellectual property families, including 17 patents and 95 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.

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