Global Resource Corporation Prototype GRFR1 Machine Successfully Completes Early Stage Testing
April 11 2008 - 8:00AM
PR Newswire (US)
WEST BERLIN, N.J., April 11 /PRNewswire-FirstCall/ -- Global
Resource Corp. (Pink Sheets: GBRC), a developer of a patent-pending
microwave technology and machinery for extracting oil and gas,
announced today favorable results in the early stages of testing of
the GRFR1 prototype machine for converting waste materials into
fuel oil and natural gas. The GRFR1 machine is running in automatic
mode, moving material from input to output as designed and is
holding vacuum pressure under full speed better than required. The
most recent vacuum pressure test showed that the GRFR1 unit
achieved full, required vacuum pressure of 20 inches mercury (Hg),
after only 5 minutes of start-up time. The machine's full
performance reached a peak pressure of 25.7 inches Hg in 15
minutes. Following the powering down of the vacuum the system
stayed above a critical point of 5 inches Hg for 48 minutes.
Following a 1 hour period post shutdown the machine was still
holding 2.6 inches Hg of vacuum pressure. The machine is capable of
processing one ton of material per hour. Jeff Kimberly, the Chief
Operating Officer of Global Resource Group, stated, "This is a
major milestone in the development and commercialization of our
microwave technology. We are pleased to be moving towards the
production of further machines in the near future. Our channel
partners have informed us that there is significant interest in our
technology for use in various applications including waste tires,
shale, oil sands and sludge." In the end of April Global Resource
will begin phase 1 microwave testing, which will include a series
of tests to ensure maximum energy is received to the product and
minimal energy is bounce-backed in the waveguides. Phase 2
microwave testing will include generating energy in full automatic
cycle. When all testing of the unit is complete the Company will
then provide a full demonstration of the prototype machine,
validating the efficiency of our machines and technology for larger
applications such as our flagship 15-ton machine. Some photos of
the prototype unit in Rockford are shown on our website and can be
accessed by selecting the "Our Partners" tab and then scrolling
down to the Ingersoll Production Systems (IPS) area of the tab.
About Global Resource Corp. Global Resource Corp., (GBRC), 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. Jeff Andrews, CFO Global Resource Corporation
Bloomfield Business Park 408 Bloomfield Dr. Unit 3 West Berlin, NJ
08091 Main: 856-767-5661 Investor Contact: Alan Sheinwald,
President Alliance Advisors, LLC Tel: (914) 669-0222 PR/Media
Relations Contact: Richard Stern Stern & Co. Tel: 212-888-0044
DATASOURCE: Global Resource Corp. CONTACT: Jeff Andrews, CFO of
Global Resource Corp., +1-856-767-5661, ; or Investor, Alan
Sheinwald, President of Alliance Advisors, LLC, for Global Resource
Corp., +1-914-669-0222, ; or PR/Media Relations, Richard Stern of
Stern & Co. for Global Resource Corp., +1-212-888-0044, Web
site: http://www.globalresourcecorp.com/
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