Home > Boards > US OTC > Basic Materials > Orbite Technologies Inc. (EORBF)

January 8, 2015 Orbite Receives Notice of Allowance

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
nagoya1 Member Profile
 
Followed By 41
Posts 8,750
Boards Moderated 0
Alias Born 11/12/10
160x600 placeholder
nagoya1   Thursday, 01/08/15 01:22:28 PM
Re: nagoya1 post# 120
Post # of 137 
January 8, 2015 Orbite Receives Notice of Allowance for First Red Mud Monetization Patent

Montreal, Québec, January 8, 2015 – Orbite Aluminae Inc. (TSX: ORT) (OTCQX: EORBF)
(“Orbite” or the “Company”) is pleased to announce that the Canadian Intellectual Property Office
(“CIPO”) has issued a notice of allowance for patent application No. 2,857,574, pertaining to
Processes for Treating Red Mud. Orbite has paid the requisite fees and expects patent issuance
within CIPO’s usual timeframe of 9 to 12 weeks.
Red mud is the waste product generated by the Bayer process, the industrial process used for
refining bauxite to obtain alumina, the raw material for the electrolytic production of aluminium. A
typical bauxite refinery generates one to two times as much red mud as it does alumina. That
waste is typically stockpiled in open-air tailings ponds, although in some cases it has been
disposed of in the ocean. Red mud represents a long-term environmental liability for the entire
alumina industry. The Orbite process is able to utilize red mud as a feedstock, extracting all of the
valuable constituents, including rare earths and rare metals, alumina, magnesium oxide and
titanium dioxide, while only returning a small fraction of inert material. In this way, the Orbite
process not only contributes to the remediation of an environmental problem, but turns a liability
into an asset.
Furthermore, the Company has recently received notification that CIPO has granted and issued
Canadian patent 2,812,309 titled Process for Extracting Aluminum from Aluminous Ores. This
patent, and the one related to Red Mud, once granted, will give Orbite exclusivity for the use of
these inventions for a period of twenty (20) years following their respective filing date.
“The uniqueness of the Orbite Process is clearly validated by our growing portfolio of intellectual
property rights,” stated Glenn Kelly, CEO of Orbite. “Consequently, we are well positioned to
advance our efforts to commercialize this breakthrough technology, and help convert
continuously growing stockpiles of environmental liabilities into valuable assets.”

http://www.orbitealuminae.com/files/doc_news/2015/2015-01-08_ORT_PR_NOA-Red-Mud_v001_i49722.pdf

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist