MONTREAL, QUEBEC -- (Marketwired) -- 09/28/15 -- Orbite Technologies Inc. (TSX: ORT)(OTCQX: EORBF) ("Orbite" or the "Company") is pleased to announce that it was advised by the Canadian Intellectual Property Office ("CIPO") that its patent application No. 2,862,307 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 CIPO's usual timeframe of 9-12 weeks.
The patent covers the selective extraction and recovery of valuable elements from fly ash, the residue from coal combustion, using Orbite's chloride-based technology. As opposed to other extraction technologies, Orbite's process has the ability to recover all valuable constituents of a feedstock, including scandium, gallium, rare earths and rare metals, alumina, magnesium oxide and titanium dioxide.
Fly ash increasingly has become both an environmental and economic liability that needs addressing. With over 550 million tonnes produced on an annual basis, no other known technologies currently on the market can viably address the growing issues for waste owners. Orbite's technology has the potential of radically changing this, as pursuing a suite of valuables rather than individual constituents dramatically increases the asset value of a waste source.
"Orbite continues to develop unique solutions to convert important financial and environmental liabilities into valuable assets," stated Glenn Kelly, CEO of Orbite. "Fly ash monetization represents a significant opportunity that we intend to seize and exploit as a key element of our global growth strategy. We have requested and received approval for accelerated patent application examination and issuance processes following a positive International Preliminary Report on Patentability, and consequently anticipate patents to be granted in additional jurisdictions for our fly ash monetization technology."
Further patents delivered
Patent No. 2,842,084 titled "Methods for Separating Iron Ions from Aluminum Ions", which covers the selective separation of iron ions in an acidic composition by reacting it with a basic aqueous composition having a pH of at least 10.5, was recently delivered to the Company by CIPO.
Furthermore, the Company has received patent No. 2012204028 titled "Processes for Extracting Aluminum and Iron from Aluminous Ores" from IP Australia.
All 3 patents secures 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 ("IP") portfolio. Once the patent on Fly Ash has been issued, Orbite's IP portfolio will be comprised of 21 patents.
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, Quebec and has completed the basic engineering for a proposed smelter-grade alumina (SGA) production plant, which would use clay mined from its Grande-Vallee 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, Quebec, 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.
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416 848 1397
mlakmaaker@national.ca
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