MONTRÉAL, QUÉBEC–(Marketwired – Nov. 11, 2015) – Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) (“Orbite” or the “Company”), today announced that the selection committee of the Canadian Innovation Exchange (CIX), made up of technology experts and investors from across the country, has selected Orbite as a TOP 20 public technology innovator.
Hundreds of company profiles were reviewed and the TOP 20 were chosen based on a number of key factors including product/service offering, depth of management, market opportunity, and business model. Companies selected in the TOP 20 will be celebrated at the CIX Public Investor Day on November 18, an important new event launched by the organizers of CIX, now in its 8th year, and Stockhouse. Orbite’s Glenn Kelly will present at the event held at the MaRS Discovery District, 101 College Street, Toronto, ON, and the Company will also host a booth.
“We are honored to be recognized as one of Canada’s most important innovators,” stated Glenn Kelly, CEO of Orbite. “Our technology is unique in that it selectively extracts all valuable components from a wide variety of feedstocks, including industrials wastes such as fly ash and red mud. This will enable us to utilize resources that currently available technologies cannot viably exploit, turning what have become significant environmental and economic liabilities into assets.”
The Canadian Innovation Exchange (CIX) is a leading technology innovation destination where investors, innovative companies, entrepreneurs and facilitators converge to drive economic growth and accelerate the development and implementation of new ideas.
This forum attracts the key players behind Canadian’s innovative technology products and services in order to learn from each other, meet and pursue customer partnerships and investment relationships, and encourage the development of innovative technology that will be an integral part of Canada’s economic growth.
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.
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