Orbite Technologies Inc.

Orbite Technologies Inc.

February 17, 2016 07:30 ET

Orbite Ships Additional 5N and 5N+ Alpha High Purity Alumina Samples

MONTREAL, QUÉBEC--(Marketwired - Feb. 17, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF)("Orbite" or the "Company") announces it has shipped five additional high purity alumina ("HPA") samples to prospective customers.

Four of the five prospective customers have received, for the first time, 5N (99.999%) samples as per their required specifications, while the fifth received a 5N+ (>99.999%) sample. This customer is currently also assessing Orbite's HPA in gamma crystalline form. The samples shipped continue to show the same consistent product quality as previously shipped samples, confirming the stability of and the control Orbite has over its process. To date, Orbite has shipped a total of 22 samples to 16 prospective customers including 3 repeat orders.

Additionally, Orbite has successfully commissioned its milling equipment at the Cap-Chat facility and will be shipping samples of milled HPA to eleven new prospective customers in the coming weeks.

"This new sample set and the upcoming milled samples reflect the continued interest in our HPA products," stated Glenn Kelly, CEO of Orbite. "The consistent quality and unmatched purity of our HPA are drawing considerable interest from the industry. We are pleased with the growing number of companies that are committing resources to assessing our HPA. Feedback to date has been positive, and we continue to collaborate with prospective customers as we progress through their supplier qualification programmes."

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 commercializing its first HPA Plant in Cap-Chat. The Company's portfolio contains 16 intellectual property families, including 29 patents and 101 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

    For Media Inquiries:
    NATIONAL Equicom
    Scott Anderson, External Media Relations Consultant
    416 586 1954