MT. LAUREL, NJ--(Marketwire - 12/01/09) - Global Resource Corporation (Pinksheets:GBRC - News), a development-stage company focused on energy-efficient microwave-based technologies for recycling tires, upgrading petroleum products and converting other materials to higher value hydrocarbon-based fuels or carbon materials, today announced that the U.S. Patent and Trademark Office will issue U.S. Patent No. 7,629,427 to Global Resource. This issue is for the technology that is the core of the Company's first product, the Patriot 2(TM) Tire-to-Fuel Oil Recycling System, in addition to other potential future applications. The patent will be issued on December 8, 2009.
"We are pleased to be recognized by the U.S. Patent and Trademark Office for our pioneering work in this area," says Mr. Ken Kinsella, CEO of Global Resource. "In granting us this patent, the patent office recognizes that our microwave technology is new and non-obvious in view of all known previous technologies. This patent reinforces Global Resource's position as the technology leader in the waste to high-end commodity and energy sector. We are thrilled to be granted this U.S. patent as it will provide us with an absolute advantage in commercializing our technology."
The patented technology uses high-frequency microwaves in the electromagnetic spectrum between 4 gigahertz and 18 gigahertz to convert tires and other carbon based materials, such as plastics, heavy oil, tanker sludge, shale oil, drill cuttings and other waste products to carbon black, other high value carbon products, fuel oil, and natural gas. A complete description of the patented technology is available through the website of the U.S. Patent and Trademark Office.
Mr. Kinsella concluded, "As the new CEO I am pleased with the hard work and dedication the Global Resource team performed in securing this patent. We are pleased by the breadth of protection provided by this patent and with our ongoing technology development activities directed towards converting multiple feedstocks into high value carbon products. The issuance of the patent is a major step in enhancing value for our loyal shareholders. We have filed for additional patents and intend to file continually for additional patents as we advance our technology and move the company forward."
About Global Resource Corporation
Global Resource Corp. (Pinksheets:GBRC - News) is a developer of a patent microwave technology and machinery to extract 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 substantially emission-free and an efficient and cost-effective tool for cleaning environmental wastes and toxic materials. For more information see: 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.
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