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Message board for Raptor Investments informationRaptor Fabrication and Equipment Announces Completion of New Biodiesel Plant
9:31a ET January 11, 2011 (Market Wire)
Raptor Technology Group, Inc. (OTCBB: RAPT) today announced that the company it is in the process of acquiring, Raptor Fabrication and Equipment, Inc. ("Raptor"), has started up its newest biodiesel plant for its customer, Greenwave Biodiesel of Fort Lauderdale, Florida. The facility successfully produced its first batch of ASTM certified biodiesel and will now begin its commercial production of biodiesel fuel.
The Greenwave facility utilizes Raptor's flagship mid-sized, multi-feedstock production system and is capable of producing 3.6 million gallons of biodiesel per year. System production can be remotely monitored by Raptor to insure maximum efficiency and up-time.
"The Greenwave plant is our first launch of the new year and we have introduced exciting new remote monitoring technology in the plant giving us the ability to monitor production and diagnose any problems increasing overall production and customer satisfaction," said Tom Gleason, President and CEO of Raptor Fabrication and Equipment. "With the reinstatement of the federal biodiesel tax-credit and facilities we currently have in production for customers, 2011 is expected to be a strong year for Raptor," added Gleason.
About Raptor Technology Group, Inc. Raptor Technology Group, Inc. has signed a "Plan of Merger Agreement" with Raptor Fabrication and Equipment and is a technology supplier that provides eco-friendly and green solutions to global issues. The company is committed to developing reliable fuel and energy alternatives by making them both dependable and economically appealing to the manufacturer as well as the consumer. Additional patent pending technology has also been developed to recover rare earth minerals from endless miles of mine tailings. This technology provides an eco-friendly means of recycling these mine tailings both economically and profitably.
Raptor Fabrication and Equipment has positioned itself to become a leader in the biofuel and mining industries with their advanced proprietary biofuel production technology and mineral recovery technologies. Their constant drive for eco-friendly business solutions and economically profitable business models will secure Raptor Technology Group, FE. as a leader in alternative energy and remediation sectors.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: The statements in this release relating to completion of the acquisition of Raptor Fabrication and Equipment, Inc. by Raptor Technology Group, Inc. and the positive direction are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties which may arise, the failure to obtain necessary approvals, the future market price of Raptor Technology Group, Inc. common stock, the ability to obtain the necessary financing and the failure of Raptor Technology Group, Inc. to complete the acquisition of Raptor Fabrication and Equipment, Inc.
 | Contact Raptor Technology Group, Inc. 7064 Sampey Road Groveland FL. 34736 Phone: (321)274-9675 Website: www.raptortechnologygroup.com Email: info@raptortechnologygroup.com | |
SOURCE: Raptor Technology Group, Inc.
| http://www.raptortechnologygroup.com/ mailto:info@raptortechnologygroup.com | |
Raptor Technology Group, Inc. (OTCBB: RAPT) today announced the company it is in the process of acquiring, Raptor Fabrication and Equipment, Inc. ("Raptor") has signed a long term contract with Washoe Custom Processing, LLC, a Salt Lake City, Utah based mineral operation. This contract will allow Raptor to process more than 2,000 tons of ore per year. Using Raptor's patent pending mineral recovery method, the Company expects to capture 60-70% of the precious metals that are in the hard rock ore deposits from the Washoe mine tailings. The recovery process targets gold, platinum, palladium, rhodium and rare earth oxides.
Raptor has received several tons of mine tailings from Washoe into its Florida facility for processing. The Raptor process uses advanced chromatography and innovative separation technologies that allow for the recovery of more precious and rare earth metals that were previously too expensive to remove from mine tailings. In addition to its low cost of mineral recovery, the process allows for over 95% recycling of the chemicals used in extraction.
"Our contract with Washoe will allow us to utilize our technology platform to make recovery of rare earth minerals and precious metals an economically viable operation. This venture is the first step in enabling us to deliver valuable rare earth minerals and precious metals to the U.S. market without relying on importation," said Tom Gleason, President of Raptor.
The Washoe sites' surface ore deposit covers 300 acres, and runs to depth of 25 feet. This is equivalent to over 12 million cubic yards of mineable materials, representing over 25 million tons of potentially mined ore.
About Raptor Technology Group, Inc. Raptor Technology Group, Inc. has signed a "Plan of Merger Agreement" with Raptor Fabrication and Equipment and Raptor Technology Group, Inc. is a technology supplier that provides eco-friendly and green solutions to global issues. The company is committed to developing reliable fuel and energy alternatives by making them both dependable and economically appealing to the manufacturer as well as the consumer. Additional patent pending technology has also been developed to recover rare earth minerals from endless miles of mine tailings. This technology provides an eco-friendly means of recycling these mine tailings both economically and profitably.
Raptor has positioned itself to become a leader in the biofuel and mining industries with their advanced proprietary biofuel production technology and mineral recovery technologies. Their constant drive for eco-friendly business solutions and economically profitable business models will secure Raptor as a leader in alternative energy and remediation sectors.
Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent filings made with the US Securities and Exchange Commission, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.
Raptor Technology Group, Inc. (OTCBB: RAPT) today provided an update on its proprietary mineral recovery process as it impacts its recently announced long term contract with Washoe Custom Processing LLC. Raptor's founding members have over 15 years experience in developing our proprietary recovery technology. This proprietary technology has proven to capture on average in excess of 60% - 70% of the metals in hard rock ore deposits processed to date.
Over the last 30 days, Washoe Custom Processing LLC has delivered over 100 tons of mine tailings to Raptor's Groveland facility. Raptor has processed over 20 tons of ore from the Washoe Custom Processing site with an estimated dollar value of $25,000 per ton. This represents a variety of rare earth minerals recovered including gold, platinum, rhodium, rare earth oxides and similar high-value metals. The company has retained INX Labs, who will provide an independent third party analysis of the Washoe Custom Processing site. Samples are taken from the site by utilizing a geological grid, and then sent to INX Labs to determine OZs per ton of platinum group metals (PGMs). Raptor is currently constructing an additional plant in Groveland with the goal of completing a state of the art facility that would process in excess of 10,000 tons per year.
"Raptor Technology believes that substantial value exists for those who are now establishing major positions in gold, platinum, palladium, rhodium, rare earth oxides and similar high-value metals. This is a huge step forward in the United States' independence for materials," said Tom Gleason, President of Raptor Technology Group. "Our Chief Technology Officer Dwayne Dundore, PhD, has spent several years fine tuning this technology and preparing it for commercialization. The numerous patents which we have now filed speak for the technology's sustainability and success."
In addition to cost saving, by using reclaimed mine waste and recycling almost all chemicals used for minerals processing, the company will help to protect one of earth's most precious resources, clean fresh water.
About Raptor Technology Group, Inc. Raptor Technology Group, Inc. is a technology supplier that provides eco-friendly and green solutions to global issues. The company is committed to developing reliable fuel and energy alternatives by making them both dependable and economically appealing to the manufacturer as well as the consumer. Additional proprietary technology has also been developed to recover rare earth minerals from endless miles of mine tailings. This technology provides an eco-friendly means of recycling these mine tailings both economically and profitably.
Raptor has positioned itself to become a leader in the biofuel and mining industries with their advanced proprietary biofuel production technology and mineral recovery technologies. Their constant drive for eco-friendly business solutions and economically profitable business models will secure Raptor as a leader in alternative energy and remediation sectors.
Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent filings made with the US Securities and Exchange Commission, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.
| Contact Raptor Technology Group, Inc. 7064 Sampey Road Groveland FL. 34736 Phone: (321)274-9675 Website: www.raptortechnologygroup.com Email: info@raptortechnologygroup.com |
