Orbite Technologies Receives Patent From IP Australia

Orbite Technologies (TSX:ORT), formerly Orbite Aluminae, reported it had received a patent from IP Australia titled “Methods for Separating Iron Ions from Aluminum Ions.”
As quoted in the press release:

The company has also been notified of the following:

• Patent application No. 14/005,885 titled “Processes for Recovering Rare Earth Elements from Aluminum-Bearing Materials” has been found allowable by the United States Patent and Trademark Office (“USPTO”);
• Patent application No. 2,863,755 titled “Methods for preparing Hematite” has been found allowable by the Canadian Intellectual Property Office (“CIPO”);
• The State Intellectual Property Office of the People’s Republic of China (“SIPO”) issued a Notification of Granting for patent application No. 201280044914.7 titled “Methods for Separating Iron Ions from Aluminum Ions”.

Orbite CEO, Glen Kelly, said:

The breadth, depth and geographic coverage of our intellectual property portfolio continue to expand. This patent and these allowances give us additional layers of protection for our proprietary technology which enables the selective extraction of valuable components from a variety of feedstocks, such as red mud, fly ash and aluminous clay. By being granted protection on the extraction of specific elements, we are in a favorable position to deepen our engagement with potential partners for the commercialization of our unique technology in a multitude of situations and geographies. Other patents are pending with some under accelerated review, and we anticipate receiving further patents and allowances covering us for multiple uses and geographies.

Click here for the first press release.