Sep 29 2015
Orbite Technologies Inc. ("Orbite" or the "Company") is pleased to announce that it was advised by the Canadian Intellectual Property Office ("CIPO") that its patent application No. 2,862,307 titled "Processes for Treating Fly Ash" has been found allowable. Consequently, the Company has processed payment of the requisite fees and anticipates patent issuance within CIPO's usual timeframe of 9-12 weeks.
The patent covers the selective extraction and recovery of valuable elements from fly ash, the residue from coal combustion, using Orbite's chloride-based technology. As opposed to other extraction technologies, Orbite's process has the ability to recover all valuable constituents of a feedstock, including scandium, gallium, rare earths and rare metals, alumina, magnesium oxide and titanium dioxide.
Fly ash increasingly has become both an environmental and economic liability that needs addressing. With over 550 million tonnes produced on an annual basis, no other known technologies currently on the market can viably address the growing issues for waste owners. Orbite's technology has the potential of radically changing this, as pursuing a suite of valuables rather than individual constituents dramatically increases the asset value of a waste source.
"Orbite continues to develop unique solutions to convert important financial and environmental liabilities into valuable assets," stated Glenn Kelly, CEO of Orbite. "Fly ash monetization represents a significant opportunity that we intend to seize and exploit as a key element of our global growth strategy. We have requested and received approval for accelerated patent application examination and issuance processes following a positive International Preliminary Report on Patentability, and consequently anticipate patents to be granted in additional jurisdictions for our fly ash monetization technology."
Further patents delivered
Patent No. 2,842,084 titled "Methods for Separating Iron Ions from Aluminum Ions", which covers the selective separation of iron ions in an acidic composition by reacting it with a basic aqueous composition having a pH of at least 10.5, was recently delivered to the Company by CIPO.
Furthermore, the Company has received patent No. 2012204028 titled "Processes for Extracting Aluminum and Iron from Aluminous Ores" from IP Australia.
All 3 patents secures protection for a period of twenty (20) years from their respective filing dates and provide licensing opportunities in addition to enlarging Orbite's intellectual property ("IP") portfolio. Once the patent on Fly Ash has been issued, Orbite's IP portfolio will be comprised of 21 patents.
Source: http://www.orbitetech.com/