Global Resource Corporation to install HAWK 10 energy conversion machines at ECO
Energy's tire recycling facility in Placentia, Calif.
WEST BERLIN, N.J., Nov. 14 -- Global Resource Corporation (OTC:GBRC) today announced that Clean Technology Investor published the company's plans to install two HAWK 10 recyclers, a zero- emission energy conversion system that produces more energy than it consumes, at tire recycler ECO Energy's Mobile, Ariz. plant to convert 300 tons of used tires a day into gas and oil. ECO Energy is a joint venture between Envirotech Industries International, Inc. and Huntington Renewable Energy. The article also highlights Global Resource's current initiative to raise $25 million for continued development and commercialization of the emissions-free energy conversion technology.
"Our technology has become the answer for recyclers looking for a more cost efficient way to dispose of used tires and automobile plastics," says Frank Pringle, CEO of Global Resource Corporation.
"Clean Technology Investor hits the very core of the alternative energy audience we are trying to reach. The coverage will serve us well as we look for new opportunities to install our HAWK 10 units and reduce our country's dependence on foreign oil."
The Clean Technology Investor article is just one of a number of publications where Global Resource's energy conversion system has appeared. Earlier this year Time Magazine named the HAWK 10 recycler among its top 'Inventions of the Year' and Popular Science awarded the technology its 'Best of What's New' Award in the Green Tech category. Popular Science also named Frank Pringle, CEO of Global Resource Corporation, an 'Innovator of the Year' in Green Tech for bringing the environmentally friendly HAWK 10 technology to market. Additionally, the U.S.
Department of Energy cited Global Resource as a firm that could empower the U.S. to rely on its own energy resources and reduce the country's dependency on foreign oil.
The HAWK 10 zero-emission energy conversion system breaks down autofluff using its patentpending, high-frequency microwave technology to eliminate auto recycling costs and environmental hazards. The microwaves crack the materials' "hydrocarbon chain" to convert them into 80 percent light combustible gases, and 20 percent oil, all in a closed-loop system that doesn't emit harmful waste.
ABOUT Global Resource Corp.
Global Resource Corp. has a patent pending process that allows for removal of oil and alternative petroleum products at very low cost from various resources, including shale deposits, tar sands, waste oil streams and bituminous coal with significantly greater yields and lower costs than are available utilizing existing known technologies. The process uses specific frequencies of microwave radiation to extract oils and alternative petroleum products from secondary raw materials, and is expected to dramatically reduce the cost for oil and gas recovery from a variety of unconventional hydrocarbon resources. GBRC's technology will not only be developed to extract oil from shale, but from depleted oil fields in the US and elsewhere, many of which still contain more than half of the hydrocarbons originally in these fields, because the residual hydrocarbons are too viscous to extract with conventional technology.
Global Resource Corporation
Bloomfield Business Park
408 Bloomfield Dr. Unit 3
West Berlin , NJ 08091
Senior Account Executive
27 West Athens Avenue
Ardmore, Pa. 19003
Main: 610.642.8253, ext. 129
SOURCE Global Resource Corporation