Global Resource Corp. Wins Popular Science's 'Best of What's New' Award
13 Novembre 2007 - 2:19PM
PR Newswire (US)
Company CEO Frank Pringle also named 'Innovator of the Year' by
PopSci WEST BERLIN, N.J., Nov. 13 /PRNewswire-FirstCall/ -- Global
Resource Corporation (OTC:GBRC.PK)
(http://www.globalresourcecorp.com/) has been awarded Popular
Science magazine's 'Best of What's New' Award in the Green Tech
category
(http://www.popsci.com/popsci/flat/bown/2007/green/item_67.html)
for the company's HAWK 10 recycler, a zero-emission energy
conversion system that produces more energy than it consumes from
solid waste materials. The pollutant-free technology uses microwave
frequencies to extract petroleum and gas from almost any natural or
man-made material, in a closed-loop process. Popular Science also
named Frank Pringle
(http://www.popsci.com/popsci/flat/bown/2007/innovator_2.html), CEO
of Global Resource Corporation, an 'Innovator of the Year' in Green
Tech for bringing the environmentally friendly HAWK 10 technology
to market. "We're thankful that the editors of Popular Science
chose to recognize our HAWK 10 as one of the year's breakthrough
technologies, citing its potential to help America find new sources
of energy, and reduce our dependence on foreign oil," Pringle says.
"This is the latest in a string of honors we've received from major
publications, including Time magazine, which awarded the HAWK 10 as
one of the top 'Inventions of the Year.'" Pringle also noted that
in July of 2007, U.S. Department of Energy profiled Global Resource
and its microwave technology for oil shale recovery as a resource
for making the U.S. energy independent. Being selected as one of
only twenty seven companies, some of them in the Fortune 100,
further validates Global Resource's capabilities for energy
recovery. Popular Science cited the HAWK 10 for its ability to
reduce waste volume by 65 percent, and produce oil and gas without
emitting environmentally hazardous gases. The publication also
recognized Pringle's role in discovering, developing, and
commercializing the HAWK 10 technology, which uses "tuned
microwaves" to crack molecular chains in a variety of materials,
releasing trapped hydrocarbons to generate energy. These materials
include coal, oil shale, tar sands, tires, PCBs, and heavy oil
remaining in capped oil wells. ABOUT Global Resource Corp. Global
Resource Corp. has a patent pending process that allows for removal
of oil and alternative petroleum products at very low cost from
various resources, including shale deposits, tar sands, waste oil
streams and bituminous coal with significantly greater yields and
lower costs than are available utilizing existing known
technologies. The process uses specific frequencies of microwave
radiation to extract oils and alternative petroleum products from
secondary raw materials, and is expected to dramatically reduce the
cost for oil and gas recovery from a variety of unconventional
hydrocarbon resources. GBRC's technology will not only be developed
to extract oil from shale, but from depleted oil fields in the US
and elsewhere, many of which still contain more than half of the
hydrocarbons originally in these fields, because the residual
hydrocarbons are too viscous to extract with conventional
technology. SAFE HARBOR STATEMENT 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. Company
contact: Frank Pringle CEO Global Resource Corporation Bloomfield
Business Park 408 Bloomfield Dr. Unit 3 West Berlin, N.J. 08091
Main: 856-767-5661 Investor contact: Jeff Andrews CFO Global
Resource Corporation Bloomfield Business Park 408 Bloomfield Dr.
Unit 3 West Berlin , N.J. 08091 Main: 856-767-5661 Press contact:
Matt McLoughlin Senior Account Executive Gregory FCA 27 West Athens
Avenue Ardmore, Pa. 19003 Main: 610.642.8253, ext. 129 Mobile:
610-996-4264 DATASOURCE: Global Resource Corp. CONTACT: Frank
Pringle, CEO, , or Investors, Jeff Andrews, CFO, , both of Global
Resource Corporation, +1-856-767-5661; or Press, Matt McLoughlin,
Senior Account Executive of Gregory FCA, +1-610-642-8253, ext. 129,
Mobile, +1-610-996-4264, Web site:
http://www.globalresourcecorp.com/
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