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I'm not sure, but this the latest from

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jrstu Member Level  Saturday, 11/25/17 08:00:29 PM
Re: inspro post# 132
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I'm not sure, but this the latest from their website.

November 16, 2017
Orbite files a motion against insurer to receive indemnification payment
MONTRÉAL, QUÉBEC--(Marketwired - Nov. 15, 2017) - Orbite Technologies Inc. (NEX:ORT.H) ("Orbite" or the "Company") announced today it has filed a motion with the Québec Superior Court (the "CCAA Court") for the issuance of certain orders against Royal Sun Alliance ("RSA"), Orbite's insurer for its Machinery and Business Interruption policies (the "Insurance Policies"). The motion is namely for the payment of approximately $23.3 million to recover the costs associated with repairing the heating element system of the calcination equipment and the fixed costs incurred during the downtime experienced.

As indicated in its press release of March 31, 2017, claims were filed with RSA under the Insurance Policies. The claims were amended over the course of the summer to account for the additional costs incurred by the Company. To date, Orbite has been unable to obtain payment from RSA for the claims made under the Insurance Policies.

There can be no assurance that the motion will be granted in favour of the Company or that the CCAA Court will order the full amount of the claims set forth in the motion to be paid to the Company.

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