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Orbite Aluminae Inc.

11:53 AM EST - Orbite Aluminae Inc. : announced today having entered into a non-binding Memorandum of Understanding with National Aluminium Company Limited Asia's largest integrated aluminium complex, pursuant to which Orbite's technology will be evaluated on Nalco's ores, namely Gibbsite, Boehmite and also on Nalco's red mud residue left after alumina has been extracted from bauxite using the Bayer process. Orbite Aluminae Inc. shares T.ORT are trading up $0.08 at $1.88.