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MEI Online: Commodities: Metallic Ores: Gold: Latest News: August 30th 2005


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:: Haber, Inc. Transitions R&D Operations to Commercial Recovery of Gold and Precious Metals from e-Waste and Gold Ores, Acquires Industrial Facility in Okeechobee, Florida

Haber, Inc., a New Jersey-based company with proprietary technology for the environmentally friendly processing of gold bearing ores, has announced that it has signed a purchase agreement for an 18,000 square foot industrial building in Okeechobee, Fla., to begin revenue-producing commercial operations using its precious metals recovery technologies.

"The acquisition of this facility represents a major milestone for the company. It is proof of our commitment to generate revenues and demonstrates management's confidence in the company's technology and its future," said Albert B. Conti, president and chief operating officer of Haber, Inc.

"The operation of this facility will transition Haber's Minerals Division out of the development phase of its hydrometallurgical technology and into full commercial operations," Conti continued. "We are anxious to demonstrate that our technology is a major economic and environmental advancement over conventional, non-environmentally sensitive technologies. We are pleased to be able to reward our shareholders for their support and patience by developing this platform for sustainable revenues and long-term growth."

In the new facility, Haber plans to install two precious metals recovery lines, one for electronic waste and the other for gold ore. The lines will be used for commercial production and bulk pilot operations. Haber's environmentally friendly technologies will be used to extract and recover precious metals from multiple tons of gold concentrate and e-waste per day. The Company anticipates that initial revenue generation from batch lots will start later this year.

The site will serve both as a production and pilot facility and as a training facility for Haber employees, providing employees who will be operating other plants located around the world with first-hand experience on all processing technologies. The building contains complete housing facilities to accommodate up to eight individuals. Haber is currently carrying out due diligence on the property and is applying to the appropriate regulatory agencies for the approvals needed to allow chemical operations at the Okeechobee facility. Additionally, the company is in negotiations to acquire additional county land contiguous to the property.




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