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Global Resource Corp. (PINKSHEETS: GBRC) is one of our highlighted companies this month. The company holds rights to a technology that has various applications to recover energy, such as oil and gas from waste materials. It has an exclusive license with Mobilestream Oil, Inc. for a family of technologies, which allow for the recycling of an automobile tire, as well as permit the economic recovery of oil from sources, such as shale, tar sands, oil resid, and existing oil wells.
In our client’s news today,
Global Resource announced that Ingersoll Production Systems (IPS) will be manufacturing all of its equipment, excluding microwave components, as part of a new joint cooperation relationship.
Frank Pringle, CEO of Global Resource Corp, stated, “The markets for environmentally conscious energy production technology are rapidly expanding, and we can confidently meet that growth with IPS supporting us. Their world renowned manufacturing facilities will help realize the promise our technology holds.”
The initial agreement details that 20 reactors will be fabricated from August 1, 2007 to July 31, 2008; and the amount is expected to increase 20% the following year.
The company’s patent pending process eliminates recycling costs and environmental hazards by breaking down shale deposits, tar sands, waste oil streams and bituminous coal without releasing harmful emissions or other by-products.
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