No. Able2Extract version 8.0, Standard Edition does not contain the OCR engine required to convert scanned PDFs. In order to do so, you will require Able2Extract Professional which enables users to convert scanned PDF files.
Most users of Able2Extract will probably not need this functionality since most PDFs are generated and saved by computer applications. These created PDFs that are generated and saved by a computer application can be handled by Able2Extract. However, in cases where a user scans a paper document using a scanner and then saves it as a PDF, it is a scanned PDF or an image PDF. In these cases, Able2Extract Professional is able to lift the textual information off the PDF and make the conversion.
This article refers to Able2Extract and Able2Extract Professional.