02 DECEMBER 2015Orbite Technologies Press Release
Orbite receives notice of allowance for Red Mud monetization patent in Australia
Edited by : AL CIRCLE
1 min read
Orbite Technologies Inc. announced that the company has received notification from IP Australia, the Australian Government agency that administers intellectual property (IP) rights, that its patent application No. 2013202318 titled "Processes for Treating Red Mud" has been found allowable. Consequently, the Company anticipates patent issuance within IP Australia's usual timeframe of 3-4 months.
"This allowance expands our intellectual property portfolio into a key market with a large alumina industry, and hence substantial red mud liabilities," stated Glenn Kelly, CEO of Orbite. "Having our processes also protected in Australia under patent law, is a key element in our global waste monetization strategy, and puts us in a strong position to deepen our engagement with potential partners for the commercialization of this unique technology. Furthermore, this notice of allowance bodes well for our Fly Ash Monetization Patent application in Australia, as the underlying technology platforms are very similar and the examination process is also proceeding well."
"This allowance expands our intellectual property portfolio into a key market with a large alumina industry, and hence substantial red mud liabilities," stated Glenn Kelly, CEO of Orbite. "Having our processes also protected in Australia under patent law, is a key element in our global waste monetization strategy, and puts us in a strong position to deepen our engagement with potential partners for the commercialization of this unique technology. Furthermore, this notice of allowance bodes well for our Fly Ash Monetization Patent application in Australia, as the underlying technology platforms are very similar and the examination process is also proceeding well."
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