October 2005

Haber moves to recover gold and precious metals

Bayonne, NJ— Haber, Inc. has signed a purchase agreement for an 18,000 square foot industrial building in Okeechobee, Florida to begin revenue-producing commercial operations using its precious metals recovery technologies.

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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