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FOR RELEASE: Immediately CONTACT: Jill Wilson, (815) 637-8507 Ingersoll Production Systems Enters Joint Cooperation Relationship with Global Resource Corp. Rockford, IL, April 23, 2007- Global Resource Corp. will draw on Ingersoll Production Systems' manufacturing expertise to meet a growing demand for the company's fuel extraction system. 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 itself 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. Ingersoll Production Systems LLC (IPS) was formed in October 2002 as a result of the purchase of the former Ingersoll Production Machinery Division by Dalian Machine Tool Group. IPS supplies dedicated and flexible transfer systems and automated assembly machines worldwide, specializing in the integration of the total process-fixturing, tooling, software, automation and auxiliary equipment. They are headquartered in Rockford, IL with an additional sales and service facility in Troy, MI. DMTG North America is a subsidiary company of IPS. Global Resource Corp (GBRC) has a patent pending process that allows for removal of oil and alternative petroleum products at very low cost from various resources, including shale deposits, tar sands, waste oil streams and bituminous coal with significantly greater yields and lower costs than are available utilizing existing known technologies. The process uses specific frequencies of microwave radiation to extract oils and alternative petroleum products from off-situ raw materials, and is expected to dramatically reduce the cost for oil and gas recovery from a variety of unconventional hydrocarbon resources in-situ. GRC's technology will not only be developed to extract oil from shale, but from depleted oil fields in the US and elsewhere, many of which still contain more than half of the hydrocarbons originally in these fields, because the residual hydrocarbons are too viscous to extract with conventional technology. This news release contains forward-looking statements regarding Global Resource Corp's business strategies and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties. The forward-looking statements contained in this news release speak only as of the date hereof and Global Resource Corp. disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in Global Resource Corp's expectations or future events. |
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FOR RELEASE: Immediately CONTACT: Jill Wilson, (815) 637-8507 Ingersoll Production Systems Names Robert Mlakar General Manager of DMTG North America Rockford, IL, April 23, 2007- Ingersoll Production Systems named Robert M. Mlakar general manager of DMTG North America, effective April 2, 2007. In his new position, Mlakar is responsible for all DMTG North America activities including establishing a distributor network for Dalian Machine Tool Group (DMTG) standard machines in the North American market. Mlakar reports to Jeffrey Kimberly, president of Ingersoll Production Systems. "We are pleased that Mr. Mlakar has joined our new company", explains Mr. Kimberly. "His knowledge, enthusiasm, and years of experience in this industry will be mutually beneficial to both DMTG North America and to every customer looking for a partner to provide a broad range of machining solutions. Mlakar was formerly President of HomeField Advantage Group, a strategic advisory group focused on the planning and procurement of capital asset investments in machine tools and emerging technologies. In addition, he has been involved in the machine tool industry for more than 30 years, both at the distributor and equipment manufacturer level. Ingersoll Production Systems LLC (IPS) was formed in October 2002 as a result of the purchase of the former Ingersoll Production Machinery Division by Dalian Machine Tool Group. IPS supplies dedicated and flexible transfer systems and automated assembly machines worldwide, specializing in the integration of the total process-fixturing, tooling, software, automation and auxiliary equipment. They are headquartered in Rockford, IL with an additional sales and service facility in Troy, MI. DMTG North America is a subsidiary company of IPS. Dalian Machine Tool Group Co., Ltd. (DMTG), was founded in 1948, with Dalian Machine Tool Works as its core enterprise. Located in Dalian, China, the new industrial corridor, DMTG is the largest special purpose machine tool and transfer line manufacturer in China. |
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FOR RELEASE: Immediately CONTACT: Jill Wilson, (815) 637-8507 INGERSOLL PRODUCTION SYSTEMS LANDS ORDER IN CHINA Rockford, IL, March 15, 2004- Ingersoll Production Systems (IPS) announced today receipt of a machine tool order of approximately $2 million from a leading Chinese auto maker. Phil James, CEO of IPS, stated, "Since we started the new company in October, 2002, we have devoted major resources to China in the belief that we can compete in this dynamic market. One of our vice-presidents, Brad Lindeblad, spent more than half of 2003 in China. For this order, we competed against strong German and Japanese companies. We won because of our competitive pricing (thanks to the weaker dollar) and our ability to offer local sales and service through our parent company, Dalian Machine Tool Group (DMTG). We believe this order is the first of many for us in China." Last year China imported over $4 billion of machine tools, more than the entire consumption of machines in the United States. Ingersoll Production Systems was formed in October 2002 as a result of the purchase of the former Ingersoll Production Machinery Division by Dalian Machine Tool Group. Dalian Machine Tool Group is China's largest machine tool maker by revenue. DMTG also owns Ingersoll CM Systems, Midland, Michigan, a builder of special design machines for manufacturing of crankshafts. |
FOR RELEASE: Immediately CONTACT: Phil James, (815) 637-8500 DALIAN MACHINE TOOL GROUP ACQUIRES ASSETS OF INGERSOLL PRODUCTION SYSTEMS The New Company Will Continue Operations in Rockford, IL Rockford, IL, October 11, 2002- Dalian Machine Tool Group today announced the acquisition of the assets of Ingersoll Production Systems, formerly part of The Ingersoll Milling Machine Company. The new company will continue to use the Ingersoll Production Systems' name and remain headquartered in Rockford, IL. Terms of the acquisition were not disclosed. Chen Yongkai, Chairman of Dalian stated, "We are very pleased to be associated with the long and proud heritage of Ingersoll Production Systems. We are confident that, together with its outstanding employees, we can again make Ingersoll Production Systems the leading name for Flexible Transfer Systems around the world." The new Ingersoll Production Systems will offer a range of manufacturing systems and flexible assembly systems for production of powertrain products for the automotive sector. "This is a very positive development for our customers and our employees," commented Phil James, CEO of the new Ingersoll Production Systems. "The investment by Dalian gives us a strong financial base and the means to serve customers both in the Americas and in China, with new and improved products designed and built by the core team that has served them for decades." Dalian Machine Tool Group Co., Ltd. (DMTG), was founded in 1948, with Dalian Machine Tool Works as its core enterprise. Located in Dalian, China, the new industrial corridor, DMTG is the largest special purpose machine tool and transfer line manufacturer in China. Ingersoll Production Systems, formerly a division of The Ingersoll Milling Machine Company, subsidiary of Ingersoll International Inc., supplies dedicated and flexible transfer systems and automated assembly machines worldwide. They are headquartered in Rockford, IL with an additional sales and service facility in Troy, MI. |