MONTREAL, QUEBEC--(Marketwired - Jan. 23, 2017) - Further to its press release of January 16, 2017, Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company") today provides an update on the Company's progress with the production of high purity alumina ("HPA").
- In an earlier production run announced on January 16, 2017, close to 2 tonnes of HPA was produced over 3 days.
- Feedstock material fed to the calcination section of the plant consisted of aluminum chloride hexahydrate ("ACH") with a purity of approximately 4N7 (HPA equivalent), produced in the digestion and crystallization sections of the plant. The purity of the HPA produced using this source material was also approximately 4N7. This indicates that next to no impurities were picked up in the calcination section of the plant, a significant and better than expected result as an increase of impurities in the first few cycles was anticipated.
- Based on these findings and the Company's proven ability to produce 5N+ ACH crystals (see November 11, 2016 press release), Management is confident of being able to produce HPA consistently at 5N+ purity levels once the higher purity ACH batches are introduced into the calcination system.
- Additionally, the Company has obtained confirmation that its process is capable of producing HPA at temperatures lower than the design temperatures for the decomposer (800°C) and calcinator (1200°C), fully in line with intellectual property developed and filed by Orbite. Management believes that this finding will also contribute to lower operating costs.
- Following this analysis of the HPA produced and repairs to the heating element system, the Company will commence reheating, this week, the ovens of the calcination system to operating temperatures, following which it will continue with the production of HPA.
- The Company has also received its first two commercial purchase orders for the supply of HPA, the first steps in filling the Company's order pipeline.
"Relative purity parity between ACH crystals and HPA is something we had hoped for, and we are pleased to have achieved this so early in the use of the calcination system," stated Glenn Kelly, CEO of Orbite. "Additionally, our ability to produce HPA at lower temperatures than originally anticipated is likely to make a positive contribution towards our bottom line once we are in full commercial operation. These recent results, we believe, continue to provide confirmation of the strength of the Orbite process. With the restart of the calcination system, our next step will be to ramp up production to commercial output of 1 tpd over the coming weeks and to nameplate capacity thereafter. Finally, we are pleased to have booked our first two commercial orders. While relatively small at this stage of the relationship with these customers, these orders are within our anticipated sales price range and signal the true commencement of our commercial activities. We expect orders for larger quantities as production grows".
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 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 16 intellectual property families, including 45 patents and 71 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.
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 30, 2016 on SEDAR, including those under the headings "Recent increase in budgeted capital costs will require additional financing and may adversely impact our prospects", "We will need to raise capital to continue our growth" and "Development Goals and Time Frames".
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.