Orbite Technologies Inc.
TSX : ORT
OTCQX : EORBF

Orbite Technologies Inc.

July 02, 2015 08:00 ET

Orbite Collaborates With NRC on HPA Benchmarking in Lithium-Ion Batteries

MONTREAL, QUEBEC--(Marketwired - July 2, 2015) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company") today announced that the National Research Council of Canada (NRC) will evaluate Orbite's High Purity Alumina (HPA) for use in lithium-ion battery separators.

Orbite's Technology Development Center (TDC) will work with National Research Council experts to develop composite separator formulations containing Orbite's HPA. These substrates will then be applied to commercially available ceramic separators. NRC scientists will use their expertise and cutting-edge facilities to characterize various separator formulations, and benchmark the efficiency of batteries with separators containing Orbite's HPA against those with commercially available separators, containing no or competitors' alumina.

"The advantage of collaborating with NRC on this benchmarking exercise, is that we believe the standing of NRC will impart greater visibility of and credibility for the results than other third party analysis, and hence facilitate execution of our go-to-market strategy," stated Yves Noël, Vice President, Business Development for Orbite.

The currently achieved cost-performance ratio for batteries has been the main factor limiting the wide-spread adoption of electric solutions for applications such as automotive. This ratio, as well as battery safety and longevity, have the potential of being improved significantly through the application of HPA on battery separators, and this is why the lithium-ion battery sector has been identified by industry as a potentially strong growth sector for HPA demand. Orbite believes it can play an important role in the development of this market sector by being able to reliably supply HPA at purity levels of 5N (99.999%) and above.

"With planned production at our HPA plant months away, this initiative is another step in the transformation of Orbite from a technology development company to a commercial entity," added Glenn Kelly, CEO of Orbite. "HPA is a fascinating material with high-end applications that have the potential of making it a very important product, both for retail applications such as smart screens, and for emerging technologies, such as battery powered vehicles. We believe we are well positioned to capitalize on these dynamics and look forward to our work with NRC."

About Orbite

Orbite Technologies Inc. (formerly 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, 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 18 patents and 94 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.

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 March 31, 2015 on SEDAR.

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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