Haber, Inc. to Begin Commercial Recovery of Precious Metals from Electronic Scrap and Gold Ores Using Environmentally Friendly Processing; Leases Industrial Facility in Wakefield, Mass.ARLINGTON, Mass. -- Haber, Inc, (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : HABE HABE High Altitude Balloon Experiment ), a Massachusetts based company with proprietary technology for the environmentally friendly processing of electronic scrap (e-scrap) and precious metal bearing ores, announced today that it has signed a lease agreement for a 3,000 square foot industrial building located in Wakefield, Mass., to begin pilot/commercial operations using its precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. recovery technologies. Haber plans to install one precious metals recovery line that will be capable of processing both electronic scrap and gold ore. This small-scale facility will allow the Company to begin production operations on various precious metal bearing materials. "This is the first of a new and revolutionary type of recycling business model," said Albert B. Conti Conti (kôNtē`), cadet branch of the French royal house of Bourbon. Although the title of prince of Conti was created in the 16th cent. , president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Haber Inc. "Learning to optimize our unique operations in this small-scale facility is more focused and cost effective than beginning immediately with a large-scale plant." There are numerous types of electronic scrap materials that need to be qualified for use with the Haber process and this facility will begin generating the data necessary for a planned scale-up to a larger facility in the United States. The proprietary hydrometallurgical hy·dro·met·al·lur·gy n. The treatment of metal or the separation of metal from ores and ore concentrates by liquid processes, such as leaching, extraction, and precipitation. extraction and recovery technology developed by Haber for e-scrap and gold ores requires that the established operating parameters for each type of material be confirmed under production conditions. "This site will be used to evaluate our process flow configurations and confirm equipment specifications while, at the same time, recovering precious metals, producing various metal compounds and selling them through established sales channels," continued Conti. "Haber has made major advancements in its electronic scrap recovery process and is anxious to demonstrate the unique performance and the overwhelming economic advantages this technology offers when compared to competing recycling processes. Importantly, this facility also affords the Company additional time to weigh and evaluate a number of diverse business opportunities before committing to a larger permanent site location. We anticipate that revenues from batch lots will begin within the next 90 days." About Haber, Inc. Haber, Inc. is a high technology process development company with proprietary technologies in extractive metallurgy and electrochemical electrochemical /elec·tro·chem·i·cal/ (-kem´i-k'l) pertaining to interaction or interconversion of chemical and electrical energies. e·lec·tro·chem·i·cal adj. separations. These technologies include the company's Haber Gold Process (HGP See Human Genome Project. ), a chemical system discovered by Norman Haber, the chairman of the company, for the hydrometallurgical extraction of gold from its ores. The Haber Gold Process is both non-toxic and more efficient than conventional solvents such as cyanide. This technology accelerates the gold extraction rate and may increase gold recovery from its ores by a substantial factor. The company's Electromolecular Propulsion (EMP EMP abbr. electromagnetic pulse ) technology is an electrochemical process that enables the electrically controlled movement or positioning of a variety of different molecules. It is distinguished from the techniques of electrophoresis and chromatography by its wide variety of potential applications and the greater speed and control of the results. For more information, call Peter R. D'Angelo (781) 643-2727, or visit the company's website at http://www.habercorp.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, and involve risks and uncertainties. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions. These statements are subject to uncertainties and risks including, but not limited to, economic conditions, the impact of competition and pricing, government regulation, and other risks. All forward-looking statements made by or on behalf of the Company are qualified. The Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
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