MOUNT LAUREL, N.J.--(Business Wire)--
Global Resource Corporation (Other OTC:GBRC) (GBRC), a developer of a
patent-pending microwave technology, confirmed today that its technology for
processing waste tires produces an output of high-grade carbon black at the
prototype scale. These results, produced from its development prototype unit
("Patriot PPS-TR") located in Rockford, IL confirm earlier announced findings of
carbon black output from the process in laboratory bench-top scale testing.
The Patriot PPS-TR prototype produced a high-grade carbon black that has been
independently verified by Akron Rubber Development Laboratory, Inc. The tests
indicate that the Patriot PPS-TR system can consistently produce a high-quality
carbon black product. The quality range of the carbon black produced is
potentially suitable for multiple applications, including tire treads for tires.
The current global market for consistent, high-grade carbon black ranges between
$500 and up to $2,500 per ton, depending on the precise quality of the byproduct
and market conditions. The value of the carbon black output exceeds that derived
even from the fuel oil and combustible gas outputs produced from the waste tire
microwave processing technology.
"The independent verification of these results is important as it provides
confirmation that high-value carbon products can be produced by Global
Resource`s microwave technology process," says Peter Worthington, Chief
Executive Officer of Global Resource Corporation. "The results reinforce the
`green` credentials of the technology, providing further pressure to lessen the
dumping of waste tires and providing compelling environmental and economic
motivation for tire and waste recycling companies to adopt our technology as
part of their forward business models. Our process and technology supports
potential new opportunities for generating high margin revenue from high-value
carbon products, like carbon black, which could be used in making new tires, as
well as creating usable hydrocarbons. It represents an ideal tire re-cycling
story."
Worthington continued, "Additional testing is now underway to evaluate our
ability to produce activated carbon, another high-value carbon product. As we
continue to achieve milestones along the path to commercialization of our
technology, we also accomplish the corresponding goal of creating and delivering
significant additional value for our loyal shareholders."
Global Resource Corporation`s proprietary technology and process provide a
highly energy efficient, emissions free way to convert a wide range of materials
into higher value energy and carbon products. This includes potential feedstock
conversion of scrap tires, municipal waste, tanker sludge, heavy oil, coal and
shale to valuable energy and carbon products.
About Global Resource Corporation
Global Resource Corporation (Other OTC:GBRC) is a developer of a patent-pending
microwave technology for a range of applications to such materials as waste
tires, heavy oil, shale deposits, tar sands, coal, municipal solids wastes
(MSW), drill cuttings and muds, and the like.
Its process potentially produces materially more economic products at lower cost
than existing or competing processes. Because the process takes place in an
enclosed environment it is substantially emission-free and an efficient and
cost-effective tool for cleaning relevant environmental wastes and toxic
materials.
For more information visit: 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.
For Global Resource Corporation
Investors:
Thomas Walsh, Partner, 212-398-3486
twalsh@allianceadvisors.net
OR
Media:
Gregory FCA
Matt McLoughlin, Senior Account Executive, 610-996-4264
matt@gregoryfca.com
Copyright Business Wire 2009
