March 29 (Reuters) - Orbite Technologies Inc ORTh.V :
* ORBITE PROVIDES CORPORATE UPDATE
* UPDATE ON CONTINUING EFFORTS TO REPAIR CALCINATION EQUIPMENT AT CAP-CHAT PLANT AND TO EMERGE FROM INSOLVENCY PROTECTION
* 45 EMPLOYEES, INCLUDING UPPER MANAGEMENT, ARE AFFECTED BY COST-CUTTING MEASURES; MOST OF THEM WILL BE TEMPORARILY LAID-OFF
* SMALL GROUP OF EMPLOYEES WILL REMAIN WITH REDUCED WORK HOURS TO MAINTAIN CONTINUITY OF OPERATIONS