Global Resource Corp.'s Microwave Fuel Recovery Technology is Named by Time Magazine One of 'The Best Inventions of the Year'
05 Novembre 2007 - 1:06PM
PR Newswire (US)
Company Notes Environmentally-Friendly Technology Holds Promise of
U.S. Energy Independence WEST BERLIN, N.J., Nov. 5
/PRNewswire-FirstCall/ -- Global Resource Corp. (OTC:GBRC.PK), a
developer of a patent-pending microwave technology and machinery
for extracting oil and gas, announced today that Time Magazine has
named the company's microwave technology as one of the "Best
Inventions of the Year" because of its ability to "pull fuel out of
shale rock, tires and even plastic bottles." In the November 2
article, Time wrote that Frank Pringle of Global Technology has
developed "an emissions-free process" that uses microwaves that
"might also help recover oil that is stuck in muck inside hundreds
of capped wells across the country." Said Pringle, "We are proud
that 'Time Magazine' has recognized the revolutionary potential of
Global Resource's microwave technology. This recognition along with
the Department of Energy citing our technology as a possible help
to the energy problem facing the world is really exciting. Time's
choosing it as one of the 'Best Inventions of the Year' will help
us spread the word about the technology's power to make the United
States energy independent." Pringle explained that Global
Resource's microwave technology can make the U.S. energy
independent because it economically converts existing domestic
resources from oil shale, tar sands, capped wells and stranded gas
wells into oil or gas. The process also produces oil and gas from
cleaning up environmentally destructive old tires, PCBs on river
and harbor bottoms and mountains of plastic garbage in its
emissions-free process. He noted that in a report made in June that
was released July 17, the U.S. Department of Energy profiled Global
Resource and its microwave technology for oil shale recovery as a
help in making the U.S. energy independent. In its annual round up
of "Best Inventions of the Year," Time Magazine selected 46
inventions in 12 categories, from Cars & Buses to Health.
Global Resource's microwave technology is listed in the environment
category. About Global Resource Corp. Global Resource Corp.,
(OTC:GBRC.PK), 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, Stern & Co.,
+1-212-888-0044, ; or Jeff Andrews, CFO, Global Resource
Corporation, +1-856-767-5661, ; or Investors, Arun Chakraborty,
Stern & Co., +1-212-888-0044, Web site:
http://www.globalresourcecorp.com/
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