MONTRÉAL, QUÉBEC–(Marketwired – Nov. 10, 2015) – Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) (“Orbite” or the “Company”) today announced that further to its October 6, 2015 press release, the United States Patent and Trademark Office has granted the Company U.S. patent No. 9,181,603 titled “Processes for Treating Fly Ash“.
The patent covers the selective extraction and recovery of valuable elements such as scandium, gallium, rare earths and rare metals, alumina, magnesium oxide and titanium dioxide from fly ash, a residue from coal combustion, using Orbite’s chloride-based technology.
This patent clears the way for Orbite to pursue the commercial application of its unique technology in the U.S., where upwards of 75 million tonnes of fly ash is being produced on an annual basis, representing a significant environmental and economic liability. By being able to extract all individual components of value selectively, the Orbite process promises to be the only viable means available to truly turn these liabilities into exploitable assets.
The Company has successfully applied for accelerated examination and processing under the Patent Prosecution Highway in jurisdictions participating in this program. Furthermore, since the parent patent applications were deemed to contain a plurality of inventions, the Company filed a divisional patent application in Canada and a continuation patent application in the United States, and accordingly anticipates receiving additional patents for this family.
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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