MONTREAL, Sept. 17, 2012 /PRNewswire/ -- Orbite
Aluminae (TSX: ORT; OTCQX: EORBF) (the "Company" or
"Orbite") today announced that it has prepared a series of
detailed white papers covering the Company's technology and markets
as well as competitive advantages. These reports are
available on Orbite's website for public dissemination and investor
interest (www.orbitealuminae.com).
"Orbite is pleased to share these in-depth white papers with our
investors, customers, and industry colleagues, as they lay the
foundation for our growth strategy going forward," said
Richard Boudreault, President and
CEO of Orbite. "While our business is considered complex by
many, our vision is clear – to leverage our advanced technology to
cleanly extract alumina and other elements from the earth, meeting
rising industry demand. Orbite's proprietary process for
alumina extraction does not produce toxic red mud, as do
conventional methods; our non-polluting technology recovers a high
percentage of alumina and other minerals found therein. We
are on track to have our first factory up and running by year's
end, with revenue projected for the first quarter of 2013."
The white papers cover a variety of subjects explaining Orbite's
technology, the science behind alumina extraction, and information
on several rare earth elements. The reports also clarify how
Orbite's technology not only prevents the creation of red mud but
can actually remediate such toxic by-products, which contain up to
20-25% alumina. In the process, Orbite can retrieve all other
valuable elements in the waste, turning the typically costly
process of disposing of red mud into a revenue generator.
Each white paper is meant to be an accessible introduction to
Orbite's technology and its competitive position in various
markets. These documents will also be used for feasibility
studies going forward. Research and publication of the reports was
done in collaboration with Secor, the largest independent strategy
and organizational consulting firm in Canada.
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 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
in early 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, and Asia's
largest aluminum complex, National Aluminium Company Limited.
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.
