SOURCE: Global Resource Energy

Global Resource Energy

July 23, 2012 07:00 ET

Global Resource Invites Research Participation With Announcement of up to $1.5 Million Funding Opportunity

Company Seeks Advanced Stage Research in Catalyst Technologies

LAS VEGAS, NV--(Marketwire - Jul 23, 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 that it is seeking to fund one or more innovation research programs in the field of novel and advanced catalyst technologies. Of special interest to the Company is advanced work in the field of carbon based nanotechnologies and polymer and/or meta-materials uses.

Proponents are encouraged to submit an abstract or white paper to the Company describing the proposed research in general terms at info@global-resource-energy.com. Applicants should be prepared to explain the scientific merit, feasibility and potential for use of the end-state technology in innovative and advanced fuel cell applications. Mutual Non-Disclosure agreements are available on a case-by-case basis for the protection of the applicant and the Company.

Additionally, applicants should document previous success with research grants or experience in research and laboratory settings to enable the Company to determine the viability of the applicants proposed activities.

The level of research funding is intended to be commensurate with the scope and duration of the awarded programs, and is generally anticipated to be between $500,000 and $1,500,000.

Awardees will be expected to work, within programmatic guidelines, with the Company's contract science team to ensure the highest potential for success of the proposed technology, and all new intellectual property derived therefrom will be shared under mutually confidential agreements between the parties.

The MyCroft fuel cell technology offers advanced, long-lived fuel cell performance, and stands alone in its ability to re-circulate the gas within the cell, obviating the need for frequent recharges and single usage applications. It is anticipated that enhancements in power densities and reductions in product costs could be improved through the use of advanced catalysts. 

Global Resource Energy's science advisors are currently researching the use of recently announced advanced catalysts which could dramatically and favorably impact the commercial development of the MyCroft fuel cell. The Company believes that its interests could unite through a collaborative approach with the aims of those researchers currently investigating advanced stage projects in the field. Please note that the Company reserves the right to contact only those proponents that adequately meet certain criteria, and thank all respondents for their interest. 

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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