Global Resource Corp. (GBRC.PK) shares advanced 11% to close at $5.10. The share price continues to makes it’s strong bullish move, up over 400% in the last 60 days. Toda’s share increase follows yesterdays news that the company has entered a joint cooperation relationship with Ingersoll Production Systems (IPS). As a Global Resource Corp. partner, IPS will manufacture energy production systems at its Rockford, Illinois assembly plants. This partnership makes IPS the single manufacturing source for all GRC equipment, excluding its microwave components.
Global Resource Corp.’s fuel extraction technology unlocks energy, in the form of oil and combustible gas, in a broad range of raw and recycled materials. The process is environmentally friendly because it produces energy without introducing oxygen, releasing no harmful emissions or other by- products. The process uses a specific microwave frequency determined through material dielectrics to extract hydrocarbons (the building blocks of oil and gas) from tires, dredge, plastics, coal, oil shale, capped oil wells, tar sands, slurry oil and drill cuttings. The hydrocarbons are then converted into clean gas or liquid diesel fuel. This process-called “cracking the hydrocarbon chain”-is performed within a closed-loop vacuum environment in which the system uses extracted gas as fuel. This eliminates the need for additional fuel inputs and makes Global Resource Corp.’s high frequency attenuating wave kinetics (HAWK) microwave extraction entirely self- sufficient.
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