Orbite Announces Appointment of Executive Vice-President and Chief Operating
MONTREAL, QUEBEC -- (Marketwired) -- 05/07/13 -- Orbite Aluminae Inc.
(TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company") today announced
the appointment of Mr. Glenn R. Kelly as Executive Vice-President and
Chief Operating Officer. The Company also announced a new Board of
Directors committee, made changes to its Investor and Media Relations
programs, and announced the date for the annual general meeting.
Executive Vice-President and Chief Operating Officer
Mr. Glenn R. Kelly will join Orbite in the newly created position of
Executive Vice-President and Chief Operating Officer ("COO"),
effective May 21, 2013. He will report to Richard Boudreault,
President and Chief Executive Officer, while all other executive
officers of the Company will report directly to Mr. Kelly.
"We are excited to add someone of Glenn Kelly's caliber to the Orbite
management team," said Lionel Leveille, Chairman of the Board of
Directors. "The common thread throughout Glenn's diverse career is
his proven ability to successfully execute on projects that have
created significant value for stakeholders."
"Glenn brings a depth of experience in the design and construction of
industrial facilities as well as in project management" said Richard
Boudreault, President and Chief Executive Officer. "As Orbite moves
forward with its high-purity alumina plant, and its proposed red mud
remediation and smelter-grade alumina projects, we anticipate that
Glenn's experience in operations management as well as his proven
record in growing successful enterprises will be crucial to the
Mr. Kelly joins Orbite from CO2 Solutions where he was president and
CEO since August 2008. Mr. Kelly holds a degree in civil engineering
from Queen's University and an MBA from Laval University.
Mr. Kelly is an accomplished executive with more than 25 years of
broad resource sector experience. His background includes project
management, stakeholder relations and corporate development in both
the upstream and downstream sectors of the energy industry. Mr. Kelly
has played key roles in the development of Quebec's natural gas
industry, notably as founder and President of Intragaz Inc., an
underground natural gas storage developer, as well as President of
Rabaska Inc., a $1 billion liquefied natural gas terminal project.
While at Rabaska, he was instrumental in negotiating LNG supply
agreements with Russia's Gazprom. Prior to his career in Quebec, Mr.
Kelly worked throughout Canada as a facilities and drilling engineer
for Chevron Canada Resources of Calgary.
Commenting on his appointment, Mr. Kelly added, "I am extremely
excited to be joining Orbite at such an important moment in its
development. Orbite has developed an innovative and multifaceted
breakthrough technology whose market potential is truly large. My
role will be to assist Richard to execute on this potential".
As part of his remuneration package, Mr. Kelly will be granted
800,000 options to purchase Orbite common shares.
Board of Directors Committees
Orbite is committed to the continuous improvement of its management
practices and as such has created a new Board of Directors Executive
Committee and restructured the Disclosure Committee.
The new Executive Committee will assist the Company's executive
officers in the advancement of Company projects. This Committee will
consist of the following Board of Directors members: Lionel Leveille
(Committee Chairman), Stephane Bertrand, Jean-Sebastien David and
The Disclosure Committee, which includes executive officers, ensures
the Company's adherence to continuous disclosure requirements. This
committee will now consist of: Stephane Bertrand (Director and
Committee Chairman), Richard Boudreault (President and CEO), Glenn
Kelly (EVP and COO), Jacques Bedard (CFO), Marc Johnson (VP Corporate
Development), Marc Filion (Strategic Resource Advisor) and Jonathan
Labranche (Director of Legal Affairs).
Investor and Media Relations
Following a review of its approach to investor and media relations
programs, the Company is internalizing certain of these functions and
has appointed TMX Equicom as its sole external investor relations and
media consultant. As a result, Orbite would like to thank its former
external consultants Louis Morin, Sun Communications, Darrow and
Associates, and Stanton for their dedicated services.
TMX Equicom was established in 1996 and is a leading Canadian
provider of investor relations and strategic corporate
communications. Headquartered in Toronto, and with offices in Calgary
and San Diego, TMX Equicom has a team of professionals providing
strategic communications services to more than 120 public companies
including micro- to large-cap issuers from a diverse cross-section of
businesses listed on the TSX, the TSX Venture Exchange, NASDAQ, NYSE,
AMEX, ASX and AIM.
Investors and media are invited to contact Orbite and TMX Equicom in
French or English. Updated contact information is provided at the end
of this press release.
Annual General Meeting
Orbite announces that it will hold its Annual General Meeting in
Montreal on Thursday, June 20, 2013 (the "AGM"). The time and address
of the location will be set forth in Orbite's Management Information
Circular and Proxy Form for the AGM. The record date for the meeting
will be May 15, 2013.
Orbite Aluminae Inc. is a Canadian company with innovative and
proprietary processes that can produce alumina and other high-value
by-products, such as rare earth and rare metal oxides, at one of the
lowest costs in the industry, without generating any wastes, using
feedstocks that include aluminous clay, kaolin, nepheline, bauxite,
red mud and fly ash. Orbite is currently operating and optimizing its
first commercial high-purity alumina (HPA) production plant in
Cap-Chat, Quebec. A Feasibility Study for Orbite's first
smelter-grade alumina (SGA) production plant, using clay mined from
its Grande Vallee deposit, is anticipated in the first quarter of
2014, subject to securing sufficient funding for the study. Orbite
signed an exclusive worldwide collaborative agreement with Veolia
Environmental Services for the remediation of red mud using the
Orbite processes with the intent to begin construction of a
Veolia-operated plant in 2014. The Company owns the intellectual
property rights to nine patents and 32 pending patent applications in
10 different countries. Its intellectual property portfolio now
contains 14 intellectual property families.
For more information on the Company or to download our corporate
presentation please visit:
Certain information contained in this document may include
"forward-looking information". Without limiting the foregoing, the
information and any forward-looking information may include
statements regarding projects, costs, objectives and future returns
of the Company or hypotheses underlying these items. In this
document, words such as "may", "would", "could", "will", "likely",
"believe", "expect", "anticipate", "intend", "plan", "estimate" and
similar words and the negative form thereof are used to identify
forward-looking statements. Forward-looking statements should not be
read as guarantees of future performance or results, and will not
necessarily be accurate indications of whether, or the times at or by
which, such future performance will be achieved. Forward-looking
statements and information are based on information available at the
time and/or the Company management's good-faith beliefs with respect
to future events and are subject to known or unknown risks,
uncertainties, assumptions and other unpredictable factors, many of
which are beyond the Company's control. These risks uncertainties and
assumptions include, but are not limited to, those described in the
section of the Management's Discussion and Analysis (MD&A) entitled
"Risk and Uncertainties" as filed on March 28, 2013 on SEDAR, and
could cause actual events or results to differ materially from those
projected in any forward-looking statements. The Company does not
intend, nor does it undertake, any obligation to update or revise any
forward-looking information or statements contained in this document
to reflect subsequent information, events or circumstances or
otherwise, except as required by applicable laws.
Vice-President, Corporate Development
514-744-6264, ext. 131
External Investor Relations Consultant
416-815-0700, ext. 267
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