Global Resource Corp. Signs Agreement with Sydney, Australia-based C6 Energy to Introduce Its Energy-Producing Microwave Technol
03 Januar 2008 - 4:01PM
PR Newswire (US)
WEST BERLIN, N.J., Jan. 3 /PRNewswire-FirstCall/ -- Global Resource
Corp. (OTC:GBRC) (BULLETIN BOARD: GBRC) , a developer of a
patent-pending microwave technology and machinery for extracting
oil and gas, has signed a agreement with C6 Energy, Sydney,
Australia, to introduce into international markets Global Resource
Corp.'s revolutionary microwave technology for producing energy. C6
Energy develops systems to improve the environment by converting
waste materials and bituminous coal to produce energy and other
usable products. Under the terms of the agreement, which were
approved by the Boards of both companies yesterday, C6 Energy will
combine its engineering and design expertise in the area of
electricity with Global Resource's technology for a specific client
with global operations. The customer will initially use GRC's
technology to extract energy from old tires. Chairman Frank Pringle
of Global Resource Corp. said, "C6 Energy's international footprint
in Asia, Africa and Europe will help Global Resource to demonstrate
to companies and governments all over the world the value of our
revolutionary system for extracting energy from waste materials in
an environmentally friendly way." "In particular, we are pleased to
enter into this agreement with C6 Energy, which is one of the most
active companies internationally in developing systems for cleaning
up wastes and helping the environment at the same time," he said.
"The world needs energy from various forms. GRC can produce by
products that will create energy from waste materials that
currently end up in land fills world wide." Austin Whittaker,
managing director of C6 Energy, said, "The use of GRC's microwave
unit to recycle waste tires and convert them to saleable products
such as steel, fuel oil, activated carbon and syngas will provide a
significant added value to our customer's projects. Our customer
has proposals with various governments and we have received an
expression of interest for the purchase of about thirty (30)
microwave units. Based on recent communications with our customer,
we would conservatively estimate that 10-to-12 sales a year will be
achieved, with the initial orders in the first quarter of 2008."
About Global Resource Corp. Global Resource Corp., (OTC:GBRC)
(BULLETIN BOARD: GBRC) , is a developer of a patent-pending
microwave technology and machinery that extracts oil and petroleum
products from shale deposits, tar sands, capped oil wells,
bituminous coal and processed materials such as tires and plastics
as well as dredged soil from harbors and river bottoms. Its process
produces significantly greater yields and lower costs than are
available using existing technologies. Because the process takes
place in an enclosed environment it is emission-free and an
efficient and cost-effective tool for cleaning environmental wastes
and toxic materials. For more information see:
http://www.globalresourcecorp.com/ . Forward-Looking Statements
This news release contains forward-looking statements regarding
Global Resource Corp.'s business strategies and future plans of
operations. Forward- looking statements involve known and unknown
risks and uncertainties. The forward-looking statements contained
in this news release speak only as of the date hereof and Global
Resource disclaims any obligation to provide public updates,
revisions or amendments to any forward-looking statements made
herein to reflect changes in Global Resource's expectations or
future events. PR/Media Relations Contact: Richard Stern Stern
& Co. Tel: 212-888-0044 Jeff Andrews CFO Global Resource
Corporation Bloomfield Business Park 408 Bloomfield Dr. Unit 3 West
Berlin , NJ 08091 Main: 856-767-5661 Investors, Arun Chakraborty,
Stern & Co. 212 888 0044 DATASOURCE: Global Resource Corp.
CONTACT: PR-Media Relations, Richard Stern, +1-212-888-0044, , or
Investors, Arun Chakraborty, +1-212-888-0044, , both of Stern &
Co.; or Jeff Andrews, CFO of Global Resource Corporation,
+1-856-767-5661, Web site: http://www.globalresourcecorp.com/
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