Orbite Provides Update on HPA Construction
Commissioning Commenced in Q3 and Project on Schedule for Commercial Production in Q4
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 09/17/15 -- Orbite Technologies Inc. (TSX: ORT)(OTCQX: EORBF) ("Orbite", or the "Company") today provided an update on the construction of its High Purity Alumina ("HPA") Plant located in Cap-Chat Quebec.
A video and recent pictures related to the construction process can be found on the media section of Orbite's website: and http://bit.ly/1KQx8EH
Decomposer and Calciner
Steam Piping
Lined Piping
Installation of all piping, including utilities
Mechanical
Electrical and Instrumentation
Structural, buildings and foundations
Ventilation and Insulation
Operational Readiness
Procurement, Schedule and Budget
"We are near to completion of our HPA plant, and have commenced commissioning as scheduled," stated Glenn Kelly, CEO of Orbite. "With the refractory system now installed, cured and cooled, one of the more complex and sensitive parts of the construction work is behind us, and we can now focus on the relatively more straightforward elements. During commissioning, which is a stage-by-stage process, we conduct pre-startup verifications, followed by startup and operation of the various plant sections to assess their functioning, as we have already done successfully with certain utility systems. Once this phase is complete, we will commission the plant in its entirety, which means starting up the fully integrated HPA production process and fine tuning operation."
"As things stand, we are progressing well and, as previously announced, anticipate commencement of commercial production in the fourth quarter. We are excited about the coming weeks and months, and we look forward to updating our shareholders on our progress towards becoming a commercial entity."
About Orbite
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, Quebec and has completed the basic engineering for a proposed smelter-grade alumina (SGA) production plant, which would use clay mined from its Grande-Vallee deposit. The Company's portfolio contains 15 intellectual property families, including 18 patents and 107 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, Quebec, where its technologies are developed and validated.
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 31, 2015.
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.
Contacts:
NATIONAL Equicom
Marc Lakmaaker
External Investor Relations Consultant
416 848 1397
For Media Inquiries:
NATIONAL Equicom
Scott Anderson
External Media Relations Consultant
416 586 1954
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 17.09.2015 - 11:30 Uhr
Sprache: Deutsch
News-ID 420773
Anzahl Zeichen: 0
contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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