SOURCE: Global Resource Energy

Global Resource Energy

July 16, 2012 16:05 ET

Global Resource Details Innovative Fuel Cell Technology With Launch of Website

LAS VEGAS, NV--(Marketwire - Jul 16, 2012) - Global Resource Energy, Inc. (OTCQB: GBEN) (PINKSHEETS: GBEN) ("Global" or the "Company"), a development stage company engaged in the clean technology development sector, is pleased to announce the launch of its corporate website at www.global-resource-energy.com. The site provides a number of details regarding the recently announced alternative energy technology identified as the MyCroft Hydrogen R-LEG Fuel Cell as well as aspects of its development aims.

The Company is thrilled to introduce its new technology as the outlook for fuel cells has continued to improve in the last few years. Fuel cells are selling without subsidies in many markets and more than 700,000 fuel cells were sold cumulatively between 2005 and 2011. Portable, stationary and transport applications are all exhibiting growth. By 2015, conservative estimates see upwards of 25,000 units sold per year in each of the stationary and transport sectors, with clear potential for significant growth beyond this.

According to published reports, 2010 saw total shipments of fuel cells grow by 40%, reaching a new high of almost 230,000 units. Portable fuel cells accounted for 95% of this total and over 97% of fuel cells sold worldwide in 2010 used traditional technologies such as PEMFC. 'Fuel Cell Today' has published figures dating back to 2007, and significant growth can be seen year-on-year, including a twenty-fold increase since that date.

According to a 2012 Pike Research report, "The fuel cell industry is in a very interesting period. It is (slowly) transitioning away from being primarily an R&D-based industry to becoming a commercial industry. As part of this transition, normal industry consolidation is already being seen, with a number of companies going out of business or selling off intellectual property (IP)." Set against this backdrop, Global Resources views the introduction of a potentially disruptive technology within a fragmented industry sector as a prime opportunity to consolidate a significant market share within a reasonably short timeline.

The Company considers the MyCroft device as a potentially game changing technology based on its proprietary Recirculating Loop Electric Generator (R-LEG) which uses hydrogen as a catalyst but not as a fuel source. The technology shows considerable promise as a fuel cell power source utilizing mechanical action as opposed to chemical reaction to create electricity. The concept of a closed-loop technology potentially sidesteps one of the biggest hurdles in the fuel cell industry -- the need for remote fueling and ongoing lack of adequate services for that task. Global Resources MyCroft® Technology, if successful, offers the potential for the fuel cell to actually not require any regular refueling. It therefore presents an extraordinary opportunity for stationary, remote sensing, industrial and even residential power needs.

The company 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, 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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