Orbite Aluminae Inc.

March 30, 2011 08:00 ET

Orbite to Move to New Larger Head Office and Bolsters Its Business With the Expertise of Two Senior Advisors

MONTREAL, QUEBEC--(Marketwire - March 30, 2011) - Exploration Orbite (TSX VENTURE:ORT.A) is pleased to announce the relocation of its head office to 6505 Transcanadienne in Montreal, signaling the latest enabling step in the Company's rapid expansion. 

"The relocation and expansion of Orbite's head office is a critical part of its business plan and will usher in a new level of accelerated growth for the Company," said Jacques Bédard, vice-president of finance and chief financial officer. "The new head office, along with its modern amenities, makes it easier for Orbite to mobilize its workforce under one roof in anticipation of rapid progression caused by the deployment of its projected production facilities and is expected to improve overall business performance by removing human resources constraints."

In the space of just a few months, Orbite's permanent team has developed significantly demonstrating the Company's strong growth potential. In anticipation of more expansion caused by the operationalization of high purity and metallurgical alumina opportunities, Orbite recently bolstered its business with the expertise of two advisors, namely, Marc Filion and Pierre Després, thereby enhancing the Company's expertise.

As a veteran technical expert, Marc Filion, PhD, MBA, Eng. will advise Orbite in key strategic areas. Dr. Filion was president and chief operating officer of SGF Mineral Inc. from 1998 to 2004, and senior vice president, Investments for Mines, Minerals and  Materials for "Société Générale de Financement du Québec" (SGF) from 2004 to 2006. He was also actively involved in promoting the development, financing and construction of Phase II of the Alouette aluminum smelter, and brings in-depth knowledge of the alumina/aluminum industry to Orbite. Mr. Filion holds a B.Sc. in geology from École Polytechnique at the University of Montreal, a Ph.D. in economic geology and geostatistics from the Royal School of Mines, Imperial College, London, England, and an MBA from École des Hautes Études Commerciales in Montreal, Quebec.

As a seasoned public affairs and notable communications expert, Pierre Després, B.A., LL.L (Laval 1969) will focus on advising Orbite on public affairs issues while enhancing the Company's presence in the community and reputation among key business and community leaders, decisions makers and stakeholders. Over the years, Mr. Després has garnered extensive executive and consulting experience with leading Canadian firms as well as globally as vice-president, communications, Alcoa Global Primary Products. He is very active in the business community and has been a member of various boards of directors of business associations such as the Conseil du Patronat du Quebec and the Federation des chambres du commerce du Quebec.

"We're very happy to welcome Marc Filion and Pierre Després as direct advisors to Orbite's CEO. Their industry experience and extensive network of contacts in the aluminum industry are valuable assets for our organization" said Orbite president and CEO Richard Boudreault. "The synergy resulting from bringing together all these great minds and rolodexes is a tremendous boost for our company." 

The CEO's executive leadership team is completed by Jacques Bédard, vice president of finance and CFO, and Dr. Joël Fournier, vice president of technologies. Jacques Bédard is a senior executive officer with more than 25 years of international financial management experience in the high technology, multimedia and medical devices sector. His résumé includes terms as vice president finance and CFO for companies such as Softimage and ART, and he has also held senior financial management positions with Microsoft, among others. He has been with Orbite since November 24, 2010, as vice president of finance and chief financial officer. His strong knowledge of public companies operating in high-growth and highly regulated environments will no doubt prove advantageous for Orbite's growth and development.

Joël Fournier is responsible for all aspects related to the development, scaling and implementation of Orbite technologies. He has a Ph.D. in physical chemistry from Université de Sherbrooke and a post doctorate degree from the INRS Energy and Materials Institute. Over the past fifteen years, Dr. Fournier has published close to forty papers, has authored four patents and has completed more than thirty industrial research projects. Within numerous industrial projects, Dr Fournier has been involved in projects related to new technologies for aluminum production. Prior to joining Orbite, Dr. Fournier was CEO of the CEPROCQ research centre participating in Orbite's technology development.

About Orbite

Orbite owns 100% of the mining rights on its 64 km2 Grande-Vallée property, the site of an aluminous clay deposit located 32 km northeast of Murdochville, and a 28,000 sq. ft. facility in Cap-Chat, both are located in the Gaspé region. The latest NI 43-101 report issued has identified an Indicated Resource of more than 1BT in part of the property. The Company also owns the intellectual rights to a unique Canada and U.S.-patented process for extracting alumina from aluminous clays for which other international patents are also pending. The Company has cash assets of more than $14 million. www.explorationorbite.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

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    Frederic Berard
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    Louis Morin
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    Jason Monaco
    Managing Partner
    First Canadian Capital Corp.