ORT.A ... Canaccord Morning Coffee.........
Exploration Orbite* (ORT.A : TSX-V : $3.26), Net Change: -0.04, % Change: -1.21%, Volume: 620,675
Continues to reach one milestone after another. Shares of Exploration Orbite were holding their own in the face of
Wednesday's broader market sell-off, after the company announced its has filed a new patent application for an innovative
method to separate efficiently iron from aluminum. Commenting on the development, President & CEO Richard Boudreault
stated, "The filing of our new patent application covers a key technology central to the Orbite process. It helps increase radically
the cost-effectiveness and throughput speed of the company's unique alumina preparation process while simultaneously
reducing the chemicals required." He added, "This represents a considerable environmental benefit and is further evidence of the
primary importance that Orbite places on this aspect." The new patent application expands the patent portfolio of Orbite to six
different families. Of note is that within these six families are 17 patent applications filed with authorities in some 10 countries.
Also on Wednesday, the company announced the appointment of Guy Boucher as Legal Counsel and Head of Sustainable
Development. Just last week, shares of Orbite jumped after the company announced that it has successfully extracted alumina
from samples of Guinean bauxite. Repeated internal laboratory tests and reviews by independent engineers have confirmed the
potential of Orbite's process to extract alumina from bauxite. This unique process could potential become a viable substitute for
the Bayer process, an invention that has remained virtually unchanged since 1887. One Bay Street analyst stated, "This
represents a milestone of enormous proportions for Orbite and the alumina industry." Adding, "This is an important catalyst for
the stock since demonstrating the process can extract alumina from bauxite could result in substantial technology licensing
revenues." Orbite announced in mid-June that it had submitted an application to list its shares on the Toronto Stock Exchange,
with a decision expected within 60 days.
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