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Orbite Obtains Intellectual Property Rights Relating to the Treatment of Magnesium-Bearing Materials
Orbite Obtains Intellectual Property Rights Relating to the Treatment of Magnesium-Bearing Materials.
About this update from Orbite Technologies Inc
[{"type":"text","content":"\n\n\n\n\nMarketwire\n\n\n\n\nOrbite Obtains Intellectual Property Rights Relating to the Treatment of Magnesium-Bearing Materials\n\n\n\n\n\n\n\n\n\n MONTREAL, QUÉBEC--(Marketwired - Nov. 6, 2014) - Orbite Aluminae Inc. (TSX:ORT)(OTCQX:EORBF) (\"Orbite\" or the \"Company\") announced today the acquisition, for no consideration, of patent applications relating to an inventive process for treating magnesium-bearing materials (the \"applications\"). The acquisition is the result of a universal assignment of the applications in favor of Orbite by Alliance Magnésium Inc. (\"Alliance\"), a Québec based private company, following the public disclosure of related intellectual property regulatory filings. \n Upon learning of the regulatory filings, Orbite advised Alliance the applications were based on intellectual property developed and owned by Orbite, prompting the unconditional assignment of the intellectual property regulatory filings to Orbite, namely U.S. Patent Application no. 61/693,205, U.S. Patent Application no. 61/745,167 and International PCT Application PCT/CA2013/050659. \n The Company is actively and constantly monitoring patent regulatory filings with the purpose of identifying applications that may infringe on Orbite's intellectual property.\n Orbite's existing extensive IP portfolio, including the newly acquired applications, now consists of 16 families, 12 patents and 96 pending applications\n About Orbite\n \n Orbite Aluminae 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, Québec and has completed the basic engineering for a proposed smelter-grade alumina (SGA) production plant, which would use clay mined from its Grande-Vallée deposit. The Corporation's portfolio contains 16 intellectual property families, including 12 patents and 96 pending patent applications in 10 different countries and regions. The fi...