Orbite Technologies Inc EORBF

RE: New to the Board

[marcm711]

Is there a difference between an MOA and an MOU? because Orbite and Rusal already have a signed MOU.

Orbite Aluminae Inc. ("Orbite" or the "Company") (TSX:ORT) announced today having entered into a Memorandum of Understanding ("MOU") with the world's largest aluminium producer UC RUSAL ("RUSAL") (HKSE:486)(EURONEXT:RUSAL)(EURONEXT:RUAL)(MCX:RUALR) pursuant to which the parties are going to invest into a joint-venture (the "JV") to be established and that would realize the first smelter-grade alumina production facility ("SGA Plant") contemplated by Orbite.

The MOU, ratified during Rusal's delegation visit in Quebec, outlines terms of financial, technological and know-how contribution of the parties into the SGA plant with the aim to establish a highly efficient industrial operation using the Orbite process. The JV will also conduct tests in respect of RUSAL's raw materials in the SGA Plant.