SOURCE: Global Resource Energy

Global Resource Energy

August 07, 2012 07:00 ET

Global Resource Announces Development Plans for the MyCroft Heat Energy Capture ("HEC") Fuel Cell

LAS VEGAS, NV--(Marketwire - Aug 7, 2012) - Global Resource Energy, Inc. (OTCQB: GBEN) (PINKSHEETS: GBEN) ("Global," "Global Resource" or the "Company"), a development stage company engaged in the clean technology fuel cell sector, is pleased to announce plans to begin development, via its affiliated science and engineering team, of a prototype MyCroft fuel cell optimized for sequestering heat energy from current solar cell applications.

In current modern solar energy apparatus, heat energy is considered a negative resultant byproduct of solar energy generation, and must be dissipated in order for the mechanism to operate most efficiently. Oftentimes this heat energy can equal to 3 to 4 times the energy derived from the solar cell itself; or 3-watts equivalent of heat, to 1-watt equivalent of solar generated electrical power.

The pressure chamber(s) of the MyCroft Fuel Cell operate via mechanical pressure or heat, and the HEC system is envisioned to be an adjunct technology alongside standard or customized solar cell arrays, to enhance and increase overall efficiency tremendously. Calculations show a potential doubling of the resultant electrical output of solar arrays when combined with the MyCroft HEC system.

The Company encourages science and development parties interested in the MyCroft technology to contact the management team at info@global-resources-energy.com.

Further information regarding the Company, the fuel-cell industry and the MyCroft technology are available on the company's website at: www.global-resource-energy.com.

The company also invites interested members of the public to contact its investor relations representatives in order to sign up for future notifications as they occur. Please feel free to take advantage of this service by simply sending an email to investors@global-resource-energy.com in order to be added to our exclusive news alert list.

As part of the Company's public disclosure as a reporting issuer, additional details of the Company's business, finances, appointments and agreements are filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit: www.global-resource-energy.com.

About Global Resource Energy, Inc. (OTCQB: GBEN)
Global Resource Energy is a development stage clean technology company interested in the development and commercialization prospects of new and innovative fuel cell technologies aimed at creating a safer and cleaner environment while improving the health of the domestic economy. Sustainable growth is the cornerstone of the Company's mandate and vision and Management embraces the convergence of environmental solutions and economic viability as a yardstick for stakeholder success. Find out more at www.global-resource-energy.com.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things the awarding of research funds, the amounts and timeframe related to such funding, terms, conditions and commercial agreements related to the awarding of research funding including eventual ownership and licensing of any results, reference to new technologies, timelines and methods, as well as financial projections for the size of the potential market. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new technologies, projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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