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Global Resource Corporation to Be Granted Patent for Microwave-Process Technology

MT. LAUREL, NJ, Dec 01, 2009 (MARKETWIRE via COMTEX) -- Global Resource Corporation (PINKSHEETS: GBRC), 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) 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: Global Resource Corporation :: Overview.

Forward-Looking Statements

Global Resource Corporation to Be Granted Patent for Microwave-Process Technology
Press Release
Source: Global Resource Corp
On 7:30 am EST, Tuesday December 1, 2009
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."

GBRC

+ 2.50%

RSI LINE @ 43.09 rising up tick

As of now bids are building

Moving on the offer @ 0.82

High today @ 0.87

Could an opportunity or to

reload i believe we will see

appreciation

GBRC

yesterday range 0.81 x 0.87

On the up tick + 1.25%

Closed in the green yesterday

had some Strong volume

RSI LINE @ 41.62 upwards trend

I believe GBRC will continue to stay in the green



Technology


Global Resource Corporations patent-pending* technology utilizes a wide range of microwave frequencies at below atmospheric pressure to extract hydrocarbons and other high value carbon products from various materials in a substantially emission free process. By utilizing the optimum frequency for each specific material and by uniquely applying the energy to the product, Global Resource has developed a highly efficient process to treat traditional low value or waste materials, with outputs of energy intensive fluids and high value carbon products. The energy created can power the entire process and put additional energy back on the grid. Because the process is at below atmospheric pressure, it is substantially free of emissions, making our process environmentally friendly

GBRC

Bids are building ,

Days Range 0.73 x 0.85

I believe we will see GBRC

In the green

Just need to tighten the spread

Opened up nicely,

Gapping @0.75 x 0.80

I can see GBRC possibly hitting 0.90

By the end of the week

Looking @ the 8 K im seeing a

Possible reformation of the company

Overview »Investor Relations »Company News
Company News
Global Resource Corporation Provides Additional Details Regarding Joint Development Agreement with Schlumberger
MOUNT LAUREL, N.J.--(BUSINESS WIRE)--Global Resource Corporation (Other OTC:GBRC), a developer of a patent-pending microwave technology and machinery for a range of applications, today provided additional details regarding the company’s joint development agreement (JDA) with Schlumberger Limited (Schlumberger) (NYSE:SLB - News), the world’s leading supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry worldwide.

Originally disclosed on April 28, 2009 via an 8-K SEC filing, the comprehensive JDA provides for a collaborative arrangement between Global Heavy Oil Corporation, a wholly-owned subsidiary of Global Resource, and Schlumberger. The JDA provides for a three phased approach with the goal of creating commercial applications/products by utilizing both companies’ microwave processing technologies.

“Our work and research with Schlumberger is a milestone agreement for Global Resource Corporation and illustrates the potential of our technology for a number of industries, and in this instance specifically the heavy oil resource industry,” says Peter Worthington, Chief Executive Officer of Global Resource Corporation. “We are confident that the successful outcome of this collaboration will be a series of high value, oilfield service products. These products will then likely be sold through Schlumberger’s existing business model to companies in the oil and gas exploration and production industries. All activity will take place under a mutually beneficial agreement that leverages both companies' technologies, capabilities and sales channels, and ultimately creates new revenue flows.”

Under the JDA, Phase 1 will focus on research and development and identifying specific applications that either reduce costs or increase the value of heavy oil. Heavy oil, being hydrocarbons having an API gravity below 23.4 degrees, form over 70% of the world’s known hydrocarbon resources. Phase 1 will run for up to 2 years although a much shorter period is anticipated. In Phase 2, the collaboration will develop one or more prototypes based on the findings of Phase 1. Finally, Phase 3 will center on the commercialization and sale of the resulting applications/products for heavy oil processing.

Work and research under Phase 1 of the agreement has already begun, with an Oversight and Technical Steering Committee already in place and operational. Under terms of the agreement, Global Resource has already received a payment of $600,000 from Schlumberger for Phase 1, with another $1 million payable at the inception of Phase 2. Depending on the ultimate patent portfolio, Schlumberger will allow a joint venture credit of up to $8 million to GBRC.

The resulting joint venture commercialization revenues will be shared by the two companies with 60% going to Schlumberger and 40% to Global Resource.

Worthington concluded, “This joint venture is a natural collaboration for both us and Schlumberger. It combines our innovative technology for processing energy rich feedstock, like heavy oil, with a truly global partner’s technological expertise in upstream oil and gas processing and existing sales channels. We are confident the result will be cost effective and environmentally positive solutions for the oil and gas industry.”

Global Resource Corporation’s proprietary technology and processes 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.

Schlumberger is the world’s leading global oilfield services provider with over $27.16 billion operating revenue and some 87,000 employees in 80 countries. The company provides services and solutions aimed at helping its customers increase oilfield efficiency, lower finding and producing costs, improve productivity, maximize reserve recovery, and increase asset value in a safe, environmentally sound manner.

About Global Resource Corporation

Global Resource Corporation (Other OTC:GBRC) is a developer of a patent-pending microwave technology and machinery 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 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: Global Resource Corporation :: Overview

RSI looks good at 50.56 bullish. The dailys at .30 with a support of .25 and a resistance of .37. Mac D is steady. Management believes that the project offers the unique opportunity to develop a possition in that area being refered to as "unrisked exploration". They just recently went green with a 10,000 acre wind project!

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