Global Resources Corp (GBRC.OB) Experiences Strong Growth in Stock Price
Global Resources Corporation (OTCBB: GBRC) announced earlier today it has entered a joint cooperation relationship with Ingersoll Production Systems (IPS). Global Resources' investors and stock price reacted positively to the news as share prices rose throughout the day, settling up 37 cents, nearly 9 percent, to $4.59 at the market's close.The announcement stated IPS, as a partner of GBRC, would manufacture energy production systems at its Rockford, Ill. assembly plants. There, IPS will be the single manufacturing source for all Global Resources equipment, excluding its microwave components. "The markets for environmentally conscious energy production technology are rapidly expanding, and we…