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Gold/Mining/Energy : EMR Microwave Technology (EMW.A)

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To: ddl who wrote (164)5/28/1998 9:55:00 AM
From: Al Cern  Read Replies (2) of 397
 
EMR Microwave Technology Corp
EMW
Shares issued 28078872
1998-05-27 close $0.47
Thursday May 28 1998
Mr. Carl Ash reports
EMR Microwave Technology has signed a testing agreement with Newmont Gold
Company. Newmont is one of the world's largest gold mining companies with
operations mainly in the Western U.S. Under the agreement, EMR will process a
large sample of ore from a Newmont property using EMR's proprietory
microwave pre-treatment process.
So far this year, EMR has signed six contracts for testing agreements and has
another 11 proposals under consideration.
Gold mining companies which have signed testing agreements to date, besides
Newmont, include Placer Dome, Anglo-American and Radisson Resources.
Since the purpose of the testing agreements is to demonstrate the applicability and
economic advantages of EMR's pre-treatment process, these testing agreements
are the first stage in the commercialization of the technology.

Is EMR getting any revenue, or at least covering costs on these testing agreements?

Sincerely,

Al Cern
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