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Global Resource Corporation Receives Notice of Allowance in Patent Application for Microwave-Process Technology
Thursday, August 20, 2009
Mt. Laurel, NJ -- Global Resource Corporation, 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 it has received a Notice of Allowance in its U.S. Patent Application Serial No. 11/610,823, "Microwave-Based Recovery of Hydrocarbons and Fossil Fuels." The patent application is for the technology that is the core of the company’s first product, the Patriot 1™ Tire-to-Fuel Oil Recycling System, as well potential future applications.
A Notice of Allowance is issued by the United States Patent and Trademark office (USPTO) if one or more of the claims of an application are allowed, and precedes the formal patent issuance. The patent application was assigned to the company and corresponds to the use of high frequency microwave-based technology to convert tires and other materials and fluids into higher-value hydrocarbon products and other valuable carbon based materials.
"We are very excited to have achieved this major milestone in the patenting of our technology and approach to waste product processing and other conversion applications," said Peter Worthington, CEO of Global Resource Corporation. "This Notice of Allowance of our first patent application is an important milestone for us as we continue to develop our strategic position in the tire recycling and other industries, and make corresponding design and technological adjustments."
Under terms of the patent application, the technology uses high-frequency microwaves in the electromagnetic spectrum between 4 gigahertz and 18 gigahertz to convert tires and other materials, such as plastics, heavy oil, tanker sludge, shale oil, coal, drill cuttings and muds and other waste products to fuel oil, sales gas and high value carbon products.
Worthington concluded, "The Global Resource team’s hard work, innovative thinking and development capabilities form the core of our company, and I congratulate them on this news. We will continue to expand our portfolio of intellectual property and the range of applications to which it can be applied."
About Global Resource Corporation
Global Resource Corporation (Other OTC: GBRC) is a developer of a patent-pending microwave technology, processes 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 has the potential to produce 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 visit: www.globalresourcecorp.com
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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