Global Resource Energy -- Positioned to Benefit From Growth in the Worldwide "LED Market" With Its Clean Energy High Efficien...
05 Septembre 2012 - 2:30PM
Marketwired
Global Resource Energy, Inc. (OTCQB: GBEN)
("Global," "Global Resource" or the "Company"), a development stage
company engaged in the clean technology sector, is pleased to be
strategically positioned to benefit from the worldwide growth in
"LED Markets."
Global Resource Energy, Inc.'s President Robert Baker states,
"The Company has strategically positioned itself to capitalize in
growth and profitability by obtaining a market share from the
current growth in the global trend of converting to LED
lighting."
In McKinsey & Company's August 2011 report, projections show
that the global lighting market is expected to have revenues of
approximately EUR 110 billion or USD 138 billion in 2020 --
comparable to the global TV market. A number of megatrends underlie
this expansion. Global population growth and urbanization are
increasing the overall demand for lighting products. Resource
scarcity and climate change concerns are driving the industry trend
towards more energy-efficient lighting technologies. This is being
accelerated by government regulation on energy efficiency around
the globe.
The advent of LED technology -- only the fourth lighting
technology in the history of human mankind -- is set to transform
this industry. LED technology has not achieved a competitive cost
position in most applications up to now. But heavy investment from
various companies is forecasted to cut costs at a rate of 30
percent per annum, and LED is becoming a broadly affordable
technology.
Figures suggest that estimated global revenues from the LED
lighting market will grow at 30% per annum, amounting to almost EUR
65 billion by 2020 -- close to 60 percent of the overall lighting
market.
LED lamps have significant advantages over incandescent bulbs.
The average life of an LED light is 100,000 hours or 10 years as
opposed to 2,000 hours for an incandescent bulb. LED lamps are not
affected by on and off operation while incandescent bulbs are. LED
lamps operate at a low temperature, use low power consumption and
are not susceptible to a cold filament inrush current. The primary
benefit of LED Lamps over incandescent bulbs is the tremendous cost
savings by eliminating replacement costs, lowering power
consumption and reducing operating temperatures.
The company invites interested members of the public to contact
its investor relations representatives in order to sign up for
future notifications as they occur. Please feel free to take
advantage of this service by simply sending an email to
investors@global-resource-energy.com in order to be added to our
exclusive news alert list.
As part of the Company's public disclosure as a reporting
issuer, additional details of the Company's business, finances,
appointments and agreements are filed with the Securities and
Exchange Commission's ("SEC") EDGAR database. For more information,
visit: www.global-resource-energy.com.
About Global Resource Energy, Inc. (OTCQB:
GBEN) Global Resource Energy is a development stage clean
Technology Company interested in the development and
commercialization prospects of new and innovative fuel cell and
other efficient green technologies aimed at creating a safer and
cleaner environment while improving the health of the domestic
economy. Sustainable growth is the cornerstone of the Company's
mandate and vision and Management embraces the convergence of
environmental solutions and economic viability as a yardstick for
stakeholder success. Find out more at
www.global-resource-energy.com.
Notice Regarding Forward-Looking
Statements This news release contains "forward-looking
statements" as that term is defined in Section 27(a) of the
Securities Act of 1933, as amended, and Section 21(e) of the
Securities Exchange Act of 1934, as amended. Statements in this
press release that are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such
forward-looking statements include, among other things the awarding
of research funds, the amounts and timeframe related to such
funding, terms, conditions and commercial agreements related to the
awarding of research funding including eventual ownership and
licensing of any results, reference to new technologies, timelines
and methods, as well as financial projections for the size of the
potential market. Actual results could differ from those projected
in any forward-looking statements due to numerous factors. Such
factors include, among others, the inherent uncertainties
associated with new technologies, projects and development stage
companies. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our quarterly
reports on Form 10-Q and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
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www.global-resource-energy.com
Global Resource Energy (CE) (USOTC:GBEN)
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