The Biosphere Process©™ System
The Company enjoys a licensing agreement with McCormack Consulting, the inventors, developers and owners of the patented Biosphere Process©™ System and all rights and title thereto. The Biosphere Process©™ System provides for the conversion of waste materials (which includes municipal solid waste, agricultural or forestry surpluses or wastes, industrial or medical waste materials or traditional fossil fuels) in a process that includes, initially, the automatic separation of metals and plastics, the formation of organic compost and the heating of the organic residue left from the separation process to very high temperatures in a separate chamber, which is deprived of oxygen. The heating of the organic waste in this manner (i.e. in an oxygen deprived environment) prevents combustion, smoke and odour, and transforms the waste into steam and other gasses, which then run a turbine to produce electricity. The remaining solid waste then becomes a pulverized powder, and can be sold as a by-product for use in the building industry.
The Biosphere Process©™ System heats and converts solid waste in an atmosphere that does not produce smoke or odour and therefore is capable of being placed directly in the centre of populated areas with no non-permit able pollution release to the atmosphere. The System can also be used specifically for the purpose of producing electricity for local use – an ability in great demand in developing countries. Additionally, the Biosphere Process©™ System is effective for the elimination of infectious medical and toxic waste.
When the Company’s operating plans are fully implemented, the Biosphere Process©™ System is expected to produce revenues for its operators from garbage tipping fees, recycling of metals, the sale of building products, papers and plastics, and the sale of electrical power and steam. The Company will derive its revenues as royalty streams paid to the Company by Biosphere operators and licensees. Several license and royalty agreements have been negotiated as detailed herein.
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Dr ALBERT REYNOLD'S
Global' s interests include alternative energy sources, environmental infrastructure, electrical micro-power generation and liquid fuel production. Global' s shares trade in the US with the stock symbol GEECF and in Germany with the stock symbol GLI.
Global has been awarded licenses to and is involved in the development and commercialization of several technologies in the waste to energy sector, including electrical power generation and liquid fuel production.
Globals Biosphere Process©™ System is a waste to energy system to which the company holds a license granted to the company by the technologies inventors. Global is currently developing and negotiating additional licensing opportunities.
Global currently grants and then relies upon its non-exclusive Biosphere Technology License Manufacturing and Operating Agreements as its potential source of revenue and royalty income. To better protect the Company's intellectual property rights whilst maximizing the potential revenue return to the company, all existing and new Biosphere Technology License agreements are reviewed annually.
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