Orbite Technologies Inc.
TSX : ORT
OTCQX : EORBF

Orbite Technologies Inc.

October 28, 2015 07:30 ET

Orbite Provides an Update on Patents

MONTREAL, QUÉBEC--(Marketwired - Oct. 28, 2015) - Orbite Technologies Inc. (TSX:ORT) (OTCQX:EORBF) ("Orbite" or the "Company") today announced that it has received patent N°. 2012286482 titled "Methods for Separating Iron Ions from Aluminum Ions" from IP Australia.

The company has also been notified of the following:

  • Patent application No. 14/005,885 titled "Processes for Recovering Rare Earth Elements from Aluminum-Bearing Materials" has been found allowable by the United States Patent and Trademark Office ("USPTO");
  • Patent application No. 2,863,755 titled "Methods for preparing Hematite" has been found allowable by the Canadian Intellectual Property Office ("CIPO");
  • The State Intellectual Property Office of the People's Republic of China ("SIPO") issued a Notification of Granting for patent application No. 201280044914.7 titled "Methods for Separating Iron Ions from Aluminum Ions".

Fees will be paid to the respective patent offices and Orbite will file ancillary applications, where and when appropriate, belonging to the same respective families as those allowed above.

All patents secure protection for a period of twenty (20) years from their respective filing dates and provide licensing opportunities in addition to enlarging Orbite's intellectual property portfolio that is now comprised of 21 delivered patents and 7 notices of allowance received.

"The breadth, depth and geographic coverage of our intellectual property portfolio continue to expand," stated Glenn Kelly, CEO of Orbite. "This patent and these allowances give us additional layers of protection for our proprietary technology which enables the selective extraction of valuable components from a variety of feedstocks, such as red mud, fly ash and aluminous clay. By being granted protection on the extraction of specific elements, we are in a favorable position to deepen our engagement with potential partners for the commercialization of our unique technology in a multitude of situations and geographies. Other patents are pending with some under accelerated review, and we anticipate receiving further patents and allowances covering us for multiple uses and geographies."

About Orbite

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 15 intellectual property families, including 21 patents and 103 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.

Contact Information

  • NATIONAL Equicom
    Marc Lakmaaker, External Investor Relations Consultant
    416 848 1397
    mlakmaaker@national.ca

    For Media Inquiries:
    NATIONAL Equicom
    Scott Anderson, External Media Relations Consultant
    416 586 1954
    sanderson@national.ca