MONTREAL, Sept. 20, 2012 /PRNewswire/ -- Orbite Aluminae
(TSX: ORT) (OTCQX: EORBF) (the "Company" or
"Orbite"), a leading provider of clean technology and
developer of alumina projects, today announced it recently received
a notice of allowance for two patent applications in Russia and in China for its alumina extraction technology.
This unique process is for extracting aluminum from aluminous
ores and efficient separation of iron from aluminum resulting in
the production of high-purity alumina (HPA) or smelter-grade
alumina (SGA).
Orbite has already been issued six patents for this same
technology: two in Canada, two in
the United States (the most recent
on August 14, 2012), and recently
added two important ones in Australia (the most recent on July 26, 2012).
"Building the Company's intellectual property portfolio is a
vital part of our long-term growth potential, and we are pleased
with the ongoing progress in this area. Acceptance of our patent
applications in strategic countries like Russia, China
and Australia where demand for
alumina is high could greatly expand our licensing
opportunities. It further ascertains the uniqueness of
Orbite's innovations abroad" said Richard
Boudreault, President and CEO of Orbite.
"It also confirms to our current and potential partners in
Russia and China that the patentability of our
technologies has been recognized in their countries, which will
facilitate our negotiations with them," he added.
Newly Appointed Executives
Orbite also announced that it is continuing to grow and
strengthen its executive team by adding the following key positions
to its staff:
- Marc Johnson, CFA – Vice
President, Investor Relations
Mr. Johnson brings over 15 years of experience in equity research,
investment banking, and business management in the natural
resources and technology sectors. Most recently he was a Mining
Analyst at M Partners, an Investment Bank, where he regularly
followed Orbite for more than two years. As Vice President of
Investor Relations, he will be responsible for implementing a
cohesive strategy and managing relationships with institutional
investors. Mr. Johnson holds a bachelor of commerce degree from
Concordia University and the Chartered
Financial Analyst designation.
- Berthier Lavoie – Director,
Human Resources
Mr. Lavoie is a member of the Order of Certified Industrial
Relations Counsellors (CIRC) and holds a bachelor of industrial
relations degree from the Universite de Montreal. He has over 30 years of
experience in human resource management. Mr. Lavoie participated in
the launch of the Bell Helicopter factory in Mirabel, and it was there that he developed
his solid expertise in the various facets of human resource
management.
- Antoine Charbonneau, Eng., CPA,
CMA, MBA, M.Eng – Director, Sales and Marketing
Mr. Charbonneau has over 12 years of experience in various aspects
of developing high-value technology materials businesses across
Canada and the United States. His areas of expertise
include: international business development, contract negotiation,
and business strategy. Mr. Charbonneau holds a Bachelor of
Chemical Engineering degree from McGill
University, a Master's in Industrial Engineering from the
Ecole Polytechnique de Montreal,
and an MBA from Universite du Quebec a Montreal. He has
also earned a Graduate Certificate in Administration and Management
from Harvard University, as well as a
Graduate Certificate in Management Accounting from Concordia University. His responsibilities at
Orbite will include business development, promotion, and sales on a
global scale.
About Orbite
Orbite Aluminae Inc. is a Canadian cleantech company whose
innovative technologies are setting the new standard for alumina
production. Orbite technologies enable environmentally-neutral
extraction of smelter-grade alumina (SGA), high-purity alumina
(HPA) and high-value elements, including rare earths and rare
metals, from a variety of sources such as aluminous clay and
bauxite, without generating the toxic red mud residue that the
traditional Bayer process produces. The Company owns eleven
different families of intellectual property rights (and patents
pending) filed across the world for the extraction of alumina at
the highest standards of sustainability. Orbite also owns exclusive
mining rights over a total of 60,984 hectares, including the
6,665-hectare Grande-Vallee
property, the site of an aluminous clay deposit in Quebec, Canada. An NI 43-101 compliant
report, Reviewed Preliminary Economic Assessment, dated
May 30, 2012 identified over 1
billion tonnes of aluminous clay in part of this deposit. Orbite is
currently converting its 2,600 m2 pilot plant in
Cap-Chat, Quebec, Canada, into a
full-scale high-purity alumina production facility, and expects
this plant to be fully operational by the first quarter of 2013.
The Company also anticipates the launch of construction of its
first SGA plant towards the end of 2013. Orbite plans to offer SGA
and HPA products and to license its low processing cost
technologies to well-qualified producers who want to reduce their
environmental footprint. Orbite has recently entered into
partnerships with the world's largest aluminum producer, UC
Rusal.
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 22, 2012 on SEDAR, and could
cause actual events or results to differ materially from those
projected in any forward-looking statements. 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.
SOURCE Orbite Aluminae Inc.