USA: Global Resource Corp.'s Microwave Fuel Recovery Technology is Named by Time Magazine One of 'The Best Inventions of the Year'
06
November
2007
Company Notes Environmentally-Friendly Technology Holds Promise of U.S. Energy Independence
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.
Organization name: Global Resource Corp. Contact Person: Jeff Andrews
CFO E-mail: JAndrews@GlobalResourceCorp.com Phone: 856-767-5661 City: West Berlin Country: USA Web: http://www.globalresourcecorp.com
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