MONTREAL, QUEBEC -- (Marketwire) -- 03/28/13 -- Orbite Aluminae Inc. (TSX: ORT)(OTCQX: EORBF) ("Orbite" or the "Company") is pleased to announce that the first commercial samples of high-purity alumina (HPA) produced at its HPA plant in Cap-Chat, Quebec, and having a minimum purity of 4N (99.99%), began shipping this week to several customers in Europe, Asia and North America. Orbite has already received over 25 confirmed orders for HPA samples ranging from 4N to 5N purity from clients throughout the world.
"This is a very important milestone for Orbite as it signals our official entry into the global high-purity alumina market, " said Richard Boudreault, President and CEO of Orbite Aluminae.
Customer HPA samples of 4N purity or greater are expected to continue to ship during the first half of 2013 as material of the appropriate purity and characteristics become available to satisfy customer orders. Sample sizes typically range from 1 to 100 kg. Customers are expected to test their respective HPA samples, a process which can take several months and could entail ordering additional samples, prior to submitting purchase orders for commercial supply. Any payments received prior to the declaration of commercial production, for customer samples or commercial sales, will be booked for accounting purposes as a reduction of capital costs.
The global market for HPA has typically been for a 4N product but is shifting towards higher purities of 4N5 and 5N over the next few years. This shift is driven in part by the phasing out of incandescent lights over the next few years throughout most major world markets, which is increasing the demand for LED lights containing substrates manufactured with HPA.
Orbite Aluminae Inc. is a Canadian company whose innovative and proprietary processes can produce alumina and other high-value by-products, such as rare earth and rare metal oxides, at one of the lowest costs in the industry, without generating any wastes, using feedstocks that include aluminous clay, kaolin, nepheline, bauxite, red mud and fly ash. Orbite is currently commissioning its first commercial high-purity alumina (HPA) production plant in Cap-Chat, Quebec. A Feasibility Study for Orbite's first smelter-grade alumina (SGA) production plant, using clay mined from its Grande Vallee deposit, is anticipated by the end of 2013. Orbite signed an exclusive worldwide collaborative agreement with Veolia Environmental Services for the remediation of red mud using the Orbite processes with the intent to begin construction of a Veolia-operated demonstration plant in 2014. The company owns the intellectual property rights to 9 patents and 32 pending patent applications in 10 different countries. Its intellectual property portfolio now contains 14 intellectual property families.
For more information on the Company or to download our corporate presentation please visit: www.orbitealuminae.com
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 22, 2012 on SEDAR, and could cause actual events or results to differ materially from those projected in any forward-looking statements. 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.
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