Orbite Technologies Inc.
TSX : ORT
OTCQX : EORBF

Orbite Technologies Inc.

October 06, 2015 08:00 ET

Orbite Receives Notice of Allowance for US Fly Ash Monetization Patent

Two Additional Canadian Patent Allowances Received

MONTRÉAL, QUÉBEC--(Marketwired - Oct. 6, 2015) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company") today announced that it has been advised by the United States Patent and Trademark Office ("USPTO") that its patent application No. 14/388,285 titled "Processes for Treating Fly Ash" has been found allowable. Consequently, the Company has processed payment of the requisite fees and anticipates patent issuance within USPTO's usual timeframe of four to eight weeks.

The patent covers the selective extraction and recovery of valuable elements such as scandium, gallium, rare earths and rare metals, alumina, magnesium oxide and titanium dioxide from fly ash, a residue from coal combustion, using Orbite's chloride-based technology.

According to the American Coal Ash Association, over 77 million tons of coal ash were produced in the United States in 2013 alone, creating a significant environmental and potential financial liability. Waste generators are increasingly faced with requirements to dispose of this fly ash securely, which, depending on location and other factors, has the potential to translate into a financial liability of up to $40 per ton of waste, or even higher in some cases according to the American Coal Ash Association (see "About Coal Ash - CCP FAQs" section of their website).

This patent allowance clears the way for Orbite to pursue the commercial application of its unique technology in the U.S. Fly ash contains substantial quantities of valuable materials that no other known technology available on the market today is able to extract in a viable manner. Through its ability to extract these materials of value in a selective manner, Orbite's technology transforms fly ash from a liability into an asset.

"Going by the waste quantities, the value of the constituents in this waste, and the associated potential financial liability, we see significant opportunities for our technology in the U.S. and elsewhere," stated Glenn Kelly, CEO of Orbite. "By providing a viable manner to extract the value from these waste streams, we believe we can change the way the industry processes fly ash, enabling us to pursue our growth objectives."

The Company has successfully applied for accelerated examination and processing under the Patent Prosecution Highway in jurisdictions participating in this program, and accordingly anticipates receiving additional allowances for fly ash monetization.

Further notices of allowance received

The company has also been notified that patent application No. 2,885,255 titled "Processes for Preparing Alumina and Magnesium Chloride by HCl Leaching of Various Materials" has been found allowable by the Canadian Intellectual Property Office ("CIPO"). This patent covers the selective extraction of magnesium oxide and alumina from leaching an aluminum-containing material with hydrochloric acid.

Furthermore, patent application No. 2,834,151 titled "Processes for recovering rare earth elements from various ores" has been found allowable by CIPO.

"These patents are very relevant for us in relation to our activities, notably in regions like Québec, where we own aluminous deposits containing valuable materials, such as rare earths and rare metals, as well as providing us with protection in the pursuit of waste monetization in relation to serpentine mine tailings, which contain large quantities of magnesium," stated Yves Noël, VP of Business Development for Orbite.

Requisite fees have been paid in both cases and the Company anticipates patents issuance within CIPO's usual timeframe of nine to twelve weeks.

All 3 patents secure protection for a period of twenty (20) years from their respective filing dates, and provide licensing opportunities for Orbite to capitalize on its intellectual property portfolio.

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 20 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

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