Orbite Reports on the Construction Progress of Its High Purity Alumina Plant
HPA plant progress
Orbite wishes to report on the progress of the work underway at its high-purity alumina (HPA) plant, which is scheduled for commissioning in late 2012. Many pieces of processing equipment have already been delivered to the plant site, notably processing tanks, water treatment units, conveyors, compressors, evaporators and product containers. The civil engineering and infrastructure work is presently ahead of schedule, while the structural work will begin in early August and should last approximately six weeks. The Company expects that the remaining equipment will be delivered as scheduled during the fall of 2012.
United States public listing
Orbite has selected ROTH Capital Partners ("ROTH") as its principal Americans liaison in regards to list its shares on the U.S. based OTCQX securities market by the end of this year, should market conditions prove favorable. Since its inception in 1984, ROTH has been an innovator in public markets especially in regards to the cleantech and technologies industrial sector all into Orbite. Headquartered in Newport Beach, CA, ROTH has regional offices in San Diego, Los Angeles, Seattle and New York. International offices include a Shanghai Representative Office and a Hong Kong Limited Office. A series of meetings with investment bankers in the US and Asia, are expected prior to listing.
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