MONTREAL, Sept. 24, 2012 /CNW/ - Orbite Aluminae (TSX: ORT / OTCQX : EORBF) (the "Company" or "Orbite") is pleased to announce that it has been added to two new indices by the Canadian Index Services division of Standard & Poor's, one of the world's leading index providers. In addition, the Company announced that it has selected Stanton Public Relations & Marketing and Darrow Associates Inc. to conduct investor relations and coordinated communication to the U.S. markets following the Company's listing on the OTCQX market.
Orbite has been added to two additional indices of financial ratings firm Standard & Poor's (S&P). S&P/TSX Canadian Indices added the Company's shares to the SmallCap Index and the Clean Technology Index on September 14, 2012, which will be in effect September 24, 2012. Orbite is already included on the S&P/TSX Global Mining Index and the Global Base Metals indices.
Stanton Public Relations & Marketing is a full-service agency with deep experience across a variety of industries, and specialty experience in financial services, private capital and asset management, technology, B-to-B and professional services, education, and media and marketing services. Additional information on the firm is available at www.stantonprm.com.
Darrow Associates is a boutique investor relations and financial communications consultancy based in New York that serves the needs of select small-capitalization companies. Darrow Associates has significant experience consulting for companies within the technology, telecommunications, media, business services, alternative energy, healthcare, industrial, and aerospace & defense markets. Additional information on the firm is available at www.darrowir.com.
Orbite Aluminae Inc. is a Canadian cleantech company whose innovative technologies are setting the new standard for alumina production. Orbite technologies enable environmentally-neutral extraction of smelter-grade alumina (SGA), high-purity alumina (HPA) and high-value elements, including rare earths and rare metals, from a variety of sources such as aluminous clay and bauxite, without generating the toxic red mud residue that the traditional Bayer process produces. The Company owns eleven different families of intellectual property rights (and patents pending) filed across the world for the extraction of alumina at the highest standards of sustainability. Orbite also owns exclusive mining rights over a total of 60,984 hectares, including the 6,665-hectare Grande-Vallee property, the site of an aluminous clay deposit in Quebec, Canada. An NI 43-101 compliant report, Reviewed Preliminary Economic Assessment, dated May 30, 2012 identified over 1 billion tonnes of aluminous clay in part of this deposit. Orbite is currently converting its 2,600 m2 pilot plant in Cap-Chat, Quebec, Canada, into a full-scale high-purity alumina production facility, and expects this plant to be fully operational by the first quarter of 2013. The Company also anticipates the launch of construction of its first SGA plant towards the end of 2013. Orbite plans to offer SGA and HPA products and to license its low processing cost technologies to well-qualified producers who want to reduce their environmental footprint. Orbite has recently entered into partnerships with the world's largest aluminum producer, UC Rusal.
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.
SOURCE: Orbite Aluminae
For further information:
MEDIA: Frederic Berard (Canada), Vice-President and General Manager, H+K Strategies, +1-514-395-0375, ext. 259, or George Sopko (US), Stanton Public Relations & Marketing, +1-646-502-3507; ORBITE: Marc Johnson (Canada et US), Vice-President, Investor Relations, [email protected], +1-514-744-6264, ext. 131; INVESTORS: Louis Morin (Canada), Investor Relations, +1-514-591-3988, or Chris Witty (US), Darrow Associates, [email protected], +1-646-438-9385, or Jason Monaco (Canada), Managing Partner, First Canadian Capital Corp., +1-416-742-5600, or Nicole Blanchard (Canada), Investor Relations, Sun International Communications, +1-450-973-6600