GLOBAL RESOURCE/C6 TO UNVEIL ENERGY PRODUCING MICROWAVE.
Under the terms of the agreement, which were approved by the Boards of both companies yesterday, C6 Energy will combine its engineering and design expertise in the area of electricity with Global Resource's technology for a specific client with global operations. The customer will initially use GRC's technology to extract energy from old tires.
Chairman Frank Pringle of Global Resource Corp. said, "C6 Energy's international footprint in Asia, Africa and Europe will help Global Resource to demonstrate to companies and governments all over the world the value of our revolutionary system for extracting energy from waste materials in an environmentally friendly way."
"In particular, we are pleased to enter into this agreement with C6 Energy, which is one of the most active companies internationally in developing systems for cleaning up wastes and helping the environment at the same time," he said. "The world needs energy from various forms. GRC can produce by products that will create energy from waste materials that currently end up in land fills world wide."
Austin Whittaker, managing director of C6 Energy, said, "The use of GRC's microwave unit to recycle waste tires and convert them to saleable products such as steel, fuel oil, activated carbon and syngas will provide a significant added value to our customer's projects.
Our customer has proposals with various governments and we have received an expression of interest for the purchase of about thirty (30) microwave units. Based on recent communications with our customer, we would conservatively estimate that 10-to-12 sales a year will be achieved, with the initial orders in the first quarter of 2008."
About Global Resource Corp.
Global Resource Corp., (BULLETIN BOARD: 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, visit http;//www.globalresourcecorp.com or call 856/767-5661.