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First Gamma HPA Samples also Shipped
MONTREAL, QUEBEC--(Marketwired - Jan 6, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company") today announces it has shipped additional high purity alumina ("HPA") samples to prospective customers. Of the samples shipped, one was gamma crystalline-phase HPA, production of which could enable Orbite to target a broader, higher-volume customer base.
Following positive feedback from test results on previously shipped samples (see April 7, 2015, September 10, 2015 and October 15, 2015 press releases respectively), one of the prospective customers requested an additional and larger sample for the production of end-products using Orbite's HPA for qualification further down the supply chain.
"The use of Orbite HPA samples in end products is an important milestone in our progress through various supplier qualification programmes," stated Glenn Kelly, CEO of Orbite. "These new 5N+ alpha-phase samples, produced at our Cap-Chat facility, continue to replicate sample purity and consistency of those shipped previously, differentiating Orbite from existing HPA suppliers. The production of gamma-phase HPA provides us with access to new markets and could potentially allow us to marginally increase plant output beyond nameplate capacity with existing infrastructure. Based on results to date, we are confident of becoming the supplier of choice for those looking to source high purity alumina of consistent high quality and purity."
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 22 patents and 102 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.
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.
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