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Orbite Aluminae Inc
Symbol ORT
Shares Issued 184,165,728
Close 2013-03-27 C$ 1.54
Market Cap C$ 283,615,221
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Orbite begins shipping alumina commercial samples

2013-03-28 08:56 ET - News Release

Mr. Richard Boudreault reports

ORBITE BEGINS SHIPPING COMMERCIAL SAMPLES OF HIGH-PURITY ALUMINA

The first commercial samples of high-purity alumina (HPA) produced at Orbite Aluminae Inc.'s HPA plant in Cap-Chat, Que., and having a minimum purity of 4N (99.99 per cent), 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 chief executive officer 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 one to 100 kilograms. 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 toward 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.

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