Orbite Provides Update on HPA Plant Completion and Commissioning
Company present at PDAC 2016 and ROTH Annual Conference
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 03/07/16 -- Orbite Technologies Inc. (TSX: ORT)(OTCQX: EORBF) ("Orbite" or the "Company") today provides an update on the Company's progress towards plant completion and commissioning.
Construction Highlights
New pictures of HPA plant construction progress will be made available on
Commissioning
The next major milestone is the testing and start-up sequence of the decomposer and calciner ovens, commencing today, and will be carried out as follows:
Samples
Two additional sample sets were sent to prospective customers.
Management commentary
"Today's commencement of the procedure leading to hot commissioning and start-up of the calcination system is the key milestone towards full plant commissioning and start of commercial production. The most critical and lengthy step in this process is starting up the ovens, which involves achieving the correct heating and temperature profile throughout the entire calcination system. We are confident of completing this step successfully, which would continue us on course for commencement of commercial production in Q1. We will report to the market as we go through the start-up procedure."
"The next step will be converting on the commercial opportunities we have identified. We continue to benefit from strong industry interest, and are confident of the relationships we are building with prospective customers."
PDAC 2016
The Company is hosting a booth at the PDAC International Convention, March 6-9, 2016.
The PDAC Convention is the largest annual gathering of prospectors and miners in the world. It's an opportunity to see and learn about the latest technology and mine developments in Canada and around the world. Orbite has a booth located at Exhibit Halls F & G - South Building (# 3046) and is be represented by Yves Noel, VP Business Development and Antoine Charbonneau, Director, Sales & Marketing.
ROTH Annual Conference 2016
Glenn Kelly, President and CEO of Orbite will be presenting at the 28th ROTH Annual Conference, March 13-16, 2016, Orange County, CA.
This conference is one of the largest of its kind in the U.S., featuring presentations from public and private companies in a variety of sectors. Since its inception, the Roth Annual Conference has evolved into a key event in which institutional investors, private equity investors, VCs, company executives and service providers working in the small and mid-cap space meet.
Glenn Kelly will be presenting at the conference on March 15th, at 7:00 am (PST), The Colonnade/Aqua.
A link to the live webcast and copy of the Company's presentation will be made available online in the "Events & Presentations" section of the Company's website
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 16 intellectual property families, including 29 patents and 101 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 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.
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: 07.03.2016 - 12:30 Uhr
Sprache: Deutsch
News-ID 455541
Anzahl Zeichen: 0
contact information:
Town:
MONTREAL, QUEBEC
Kategorie:
Mining & Metals
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