Company Strengthens Senior Management Team With Two Key Executives
WEST BERLIN, N.J., May 1 /PRNewswire-FirstCall/ -- Global Resource Corp. (OTC: GBRC.PK), developer of a patent-pending microwave technology and machinery for extracting oil and gas, today announced it has opened a new GRC Engineering office in Rockford, Ill., designed to house the company's engineering design work and sales engineering, with the exception of the microwave tubes, as well as provide operational support for all manufacturing projects.
The company also announced the appointment of two senior executives to its management team: Lennart Hedman has been appointed to the position of Vice President of Engineering, and Scott Dunbar, who assumes the position of Vice President of Operations. Both previously served in executive positions at Ingersoll Production Systems, a strategic Global Resource manufacturing partner.
'We expect to save approximately $8 million in cost for potential orders placed in the first year of the new facility's operation, based on our revenue projections,' said Chief Operating Officer Jeff Kimberly. 'The team we've assembled has close ties to Ingersoll Production Systems, facilitating seamless communication between our engineering and design experts and our manufacturing partner. This will quicken our time to market and enhance our ability to make custom adaptations to our products.'
Mr. Kimberly said the addition of the Rockford office will ensure that Global Resource has the right expertise in place to fulfill potential orders while maintaining reliable and safe operating systems in the field. He said all aspects of the engineering will be completed from the Rockford office including all mechanical designs, electrical and fluid schematics for the material processing equipment, pipe and wire planning layouts, software and logic, and material balance calculations.
The Rockford office will also be responsible for developing auxiliary equipment solutions for total turn-key systems including gas and oil filtering and storage, loading and unloading methods for raw incoming materials and final products coming from the process. In addition, the Rockford office will work on the drawing packages for its enhanced design of the production microwave tubes.
Global Resource's new senior executives bring a wealth of expertise to their new positions. Mr. Hedman, who will lead Global Resources engineering activities, previously served as Vice President of Operations and Director of Engineering for Ingersoll Production Systems, where he led the design activities for the GRFR1 prototype unit as well as the on-going design work for the Global Resource systems that will be put into full production.
Mr. Dunbar, who will lead Global Resource's operational support, previously served as Director of Operations for Ingersoll Production Systems, where he was in charge of various aspects of operations including management of assembly operations, master planning and scheduling, production control, machine shop, shipping and receiving and facilities. His experience also includes the management of manufacturing and production for ITT Pureflow, which provided pharmaceutical process systems, bioreactors, ASME pressure vessels and custom stainless steel fabrications for use primarily in the BioPharm industry. He will be responsible for fabrications for the Global Resource systems, support for the manufacturing builders, such as Ingersoll Production Systems, and for the auxiliary equipment required for complete turn-key programs.
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