Dear Investors,
Yesterday I visited the corp offices of
Global Resource Corp. to attend a demo
of their technology. The offices are located
in New Jersey off Rt. 73 in the Bloomfield
Business park. About 3 miles south of Rt. 70.
They have a lab version of the machine
in a loading area in the rear of the office.
Here's a picture of the machine that
did the demo at the office.
On the left is Frank Pringle, the principal of the
company, and on the right is Hawk Hogan, chief
engineer. To the rear of Hawk are two units, the one
on the right is a microwave machine. Between the
two machines there's a black tube, that's where the
microwaves pass into the machine on the left. The
machine on the left has a door to a steel chamber.
Inside the chamber there's a circular platform with
circular cutouts so a glass chamber can enclose
the beaker with the material to be cracked.
You put the material, say a 100g of shredded tire,
into the beaker, beaker goes onto the circular platform,
glass chamber goes over the platform, shut the door,
push a button and the process starts.
The process goes like this. After pushing the
start button, vacuum pumps pump off the oxygen in
the glass chamber to a vacuum of 20". At that point
the microwave fires up and bombards the material with
RF energy, similar to a normal microwave. The difference
between a house microwave and this are the frequencies
used, and the vacuum on the chamber. Apparently, a lot of
research and time were put in to find which frequencies
crack different materials.
Anyway, a few minutes later you see gas starting to cloud
the defraction(?) chambers. In the picture, the defraction
chambers are lime green vertical tubes to the left of the machine.
Different materials require different frequencies and extract
different levels of carbon back out of the original material.
A few minutes later the process is complete. At that point
you can collect the gas, or burn it off, as Frank is doing in the
picture.
They have a spectrograph on site so all the extracted materials
can be analyzed and documented. So down the road, they know
what can be extracted from different materials.
It's just incredible to witness. Input a 100g of junk tire
scraps, and extract ~~ a cubic foot of flammable gas,
8g of #4 fuel oil, 2g of steel(remember it's a vacuum),
and 20g of carbon black. All materials that come out
have a market value.
Here's a recovery analysis from junk tires.
ENERGY RECOVERY RATES
20 POUND CAR TIRE BY PRODUCT BREAKDOWN:
| OIL (# 4) – 1.2 GALLONS | 8.5 POUNDS |
| GAS – 50 CF - 3000 BTUS | 2.0 POUNDS |
| STEEL | 2.0 POUNDS |
| CARBON BLACK | 7.5 POUNDS |
Input bituminous coal with similar results, but no steel,
and instead of carbon black you get activated carbon.
Input car fluff which is junk dashboards and such, and
out comes some of the original components. ??
It's mind boggling what you could do with this
technology.
Right now Ingersoll Product Systems is building a production
unit that should be ready for testing and debugging by the
end of Febuary. That's gonnna be installed in a recycle
yard in Pennsylvania, outside of Philly I think. Timeline for
install should be around May if all goes well with the testing.
I believe this is a picture of the unit off their website.
There's a bunch more material on their site for perusal and due diligence.
And their office is friendly. All I did was call and ask if I could attend the
next demo. A week later I watched the demo.
And if you're wondering what my motivation is, there is none. I came
across this by accident doing a home theatre job. I'm holding around
700 shares right now, I think, or thereabouts. I guess that would be
a motivation, but those of you in the group who read my posts know
this type of post is way out of the ordinary for me. This is the only
company I ever visited and spoke with the people involved.
Most of my posts usually deal with macro issues and asset
allocation and things like that.
I'll be going out to attend another demo in a few weeks if anybody
wants to go with me. I think this is my Microsoft, or Nike, or
whatever. Be nice to have another set of eyes and ears with
me at the demo. Email me at jbiringer3@verizon.net
if you're interested.
I have more info than what I've shared today, but I signed
non disclosure forms, so I'm hesitant to share everything I
learned in the visit. Some of the stuff I learned, I'm not sure
if it would break the ND agreement.
Cameras are ok at the demo so next time I'll be bringing my
Canon digital SLR and bring back a bunch of hi res pics
of everything.
On the investor side of this equation, the ticker is GBRC.PK.
It's trading at around 3 to 3.50 right now. Shows a loss for
last year. Very speculative, but the upside could be
crazy with a longer timeline. As far as starting a position,
a better entry point would be below 3, say in the 2.75 range.
Again, very speculative, but I'm a believer.
Thank You,
James Biringer
Co - Moderator - Intelligent Investors Group
http://finance.groups.yahoo.com/group/The_Intelligent_Investor/
James Biringer
Co - Moderator - Intelligent Investors Group
http://finance.
Owner - Verizon401k Newsgroup
The opinions expressed in this email are
those of James Biringer. They are not
intended to be recommendations of any
security, only his opinion. As always,
investors should do their own
due diligence and research, and invest with
caution. James Biringer reserves the
right to change orders at the last minute,
cancel the order entirely, and add orders
not advanced to the group, due to time
constraints and changing market conditions.
those of James Biringer. They are not
intended to be recommendations of any
security, only his opinion. As always,
investors should do their own
due diligence and research, and invest with
caution. James Biringer reserves the
right to change orders at the last minute,
cancel the order entirely, and add orders
not advanced to the group, due to time
constraints and changing market conditions.
MARKETPLACE
Earn your degree in as few as 2 years - Advance your career with an AS, BS, MS degree - College-Finder.net.
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
.
__,_._,___
Tidak ada komentar:
Posting Komentar