RE: RE: Stock Gumshoe about Orbite: Orbite Continues to Build Intellectual Property Portfolio with Two Patent Allowance Notices in Russia and China
Company Also Adds New Executives to Further Strengthen Its Leadership Team
Montreal – September 20, 2012 – Orbite Aluminae (TSX: ORT) (OTCQX:EORBF) (the “Company” or “Orbite”), a leading provider of clean technology and developer of alumina projects, today announced it recently received a notice of allowance for two patent applications in Russia and in China for its alumina extraction technology. This unique process is for extracting aluminum from aluminous ores and efficient separation of iron from aluminum resulting in the production of high-purity alumina (HPA) or smelter-grade alumina (SGA).
Orbite has already been issued six patents for this same technology: two in Canada, two in the United States (the most recent on August 14, 2012), and recently added two important ones in Australia (the most recent on July 26, 2012).
“Building the Company’s intellectual property portfolio is a vital part of our long-term growth potential, and we are pleased with the ongoing progress in this area. Acceptance of our patent applications in strategic countries like Russia, China and Australia where demand for alumina is high could greatly expand our licensing opportunities. It further ascertains the uniqueness of Orbite's innovations abroad” said Richard Boudreault, President and CEO of Orbite.
“It also confirms to our current and potential partners in Russia and China that the patentability of our technologies has been recognized in their countries, which will facilitate our negotiations with them,” he added.