Global Resource Corp. to Finalize Negotiations With World's Leading Manufacturer of Microwave Power Modules, CPI International I
January 11 2007 - 8:30AM
PR Newswire (US)
WEST BERLIN, N.J., Jan. 11 /PRNewswire-FirstCall/ -- Global
Resource Corp. (OTC:GBRC) (BULLETIN BOARD: GBRC) announced today
that the Company is meeting with CPI International, Inc.,
(http://www.cpii.com/) a publicly traded NASDAQ company the week of
January 22th to finalize negotiations for CPII to become the
exclusive manufacturer of microwave frequency tubes which will be
used in conjunction with the delivery of GBRC's patent pending
technology. The manufacturing of microwave frequency tubes is
essential to the delivery of GBRC's patent pending technology in
all of the company's current and future applications. CPI
International, Inc. is the parent company of Communications &
Power Industries, Inc., a leading provider of microwave and radio
frequency products which are essential for critical defense,
communications, medical, scientific, and other applications. CPI
develops, manufactures and distributes products used to generate,
amplify, and transmit high-power/high-frequency microwave and radio
frequency signals which are used in a variety of applications
throughout the United States and Europe. Frank Pringle, CEO of
GBRC, stated; "Having the world's leading manufacture of microwave
power modules as an exclusive developer of our microwave frequency
tubes, is truly a significant milestone for the company and an
incredible way to start 2007. This provides GBRC the ability to
close new sales and licensing contracts with 100% confidence, and
the peace of mind, knowing that the components that are critical to
the success of our operations are being manufactured by the best
and the brightest in the industry. We are absolutely thrilled at
the opportunity to work with CPI, one of the true leaders in the
field. This is a great opportunity that allows GBRC to widely
display just how revolutionary our technology is, on a major scale,
and with the major players in the industry. About Global Resource
Corporation: Global Resources 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 and waste oil streams with significantly greater yields and
lower costs than are currently available through the utilization of
traditional technologies. The process uses specific frequencies of
microwave radiation to extract oils and alternative petroleum
products from secondary raw materials. The GBRC process is expected
to dramatically reduce the cost for oil and gas recovery from a
variety of unconventional hydrocarbon resources. Global'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. Much of the economic benefit derives from the fact
that residual hydrocarbons are too viscous to extract with
conventional technology. Contact: Global Resource Corp. Phone:
(856) 767-5661 Fax: (856) 767-5664 This news release contains
forward-looking statements regarding Global Resource'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. DATASOURCE: Global
Resource Corp. CONTACT: Global Resource Corp., +1-856-767-5661, or
fax, +1-856-767-5664, or Web site: http://www.cpii.com/
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