Global Resource Energy -- Positioned to Benefit From Growth in the Worldwide "LED Market" With Its Clean Energy High Efficiency LED Street Lighting
Sep 05, 2012
LAS VEGAS, NV--Global Resource Energy, Inc. (GBEN) ("Global," "Global Resource" or the "Company"), a development stage company engaged in the clean technology sector, is pleased to be strategically positioned to benefit from the worldwide growth in "LED Markets."
Global Resource Energy, Inc.'s President Robert Baker states, "The Company has strategically positioned itself to capitalize in growth and profitability by obtaining a market share from the current growth in the global trend of converting to LED lighting."
In McKinsey & Company's August 2011 report, projections show that the global lighting market is expected to have revenues of approximately EUR 110 billion or USD 138 billion in 2020 -- comparable to the global TV market. A number of megatrends underlie this expansion. Global population growth and urbanization are increasing the overall demand for lighting products. Resource scarcity and climate change concerns are driving the industry trend towards more energy-efficient lighting technologies. This is being accelerated by government regulation on energy efficiency around the globe.
The advent of LED technology -- only the fourth lighting technology in the history of human mankind -- is set to transform this industry. LED technology has not achieved a competitive cost position in most applications up to now. But heavy investment from various companies is forecasted to cut costs at a rate of 30 percent per annum, and LED is becoming a broadly affordable technology.
Figures suggest that estimated global revenues from the LED lighting market will grow at 30% per annum, amounting to almost EUR 65 billion by 2020 -- close to 60 percent of the overall lighting market.
LED lamps have significant advantages over incandescent bulbs. The average life of an LED light is 100,000 hours or 10 years as opposed to 2,000 hours for an incandescent bulb. LED lamps are not affected by on and off operation while incandescent bulbs are. LED lamps operate at a low temperature, use low power consumption and are not susceptible to a cold filament inrush current. The primary benefit of LED Lamps over incandescent bulbs is the tremendous cost savings by eliminating replacement costs, lowering power consumption and reducing operating temperatures.
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 firstname.lastname@example.org 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. (GBEN)
Global Resource Energy is a development stage clean Technology Company interested in the development and commercialization prospects of new and innovative fuel cell and other efficient green 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.
Historical Press Releases
This website contains archived press releases for Global Resource Energy, Inc.. (The “Company”). The information in the archived press releases herein are for Global Resource Energy, Inc.. and are a historical record which have not been updated and are current only as of the date of each publication. As such, the information in these news releases may no longer be accurate and you should not rely on the information contained in these news releases. To the extent permitted by law, the Company, its employees, agents and affiliates exclude all liability for any loss or damage arising from the use or reliance of any such information, whether caused by negligence or omission.