Science & Technology
Science and Technology
Science and Technology
Thu, May 13, 2010 Global Technologies Joins Business Leaders in Support for DoE's Research and Innovation Agency -- Company to Expand Acquisition
LONDON--(Marketwire - May 13, 2010) - Global Technologies, Ltd. (
More than one hundred top executives representing America's technology and venture capital sectors signed on to a letter to Congress organized by TechNet and the National Venture Capital Association (NVCA).
Some of the executives urging Congress to act represented some of the nation's largest and most cutting-edge innovation companies, including: Paul Otellini, President and CEO, Intel; Steve Ballmer, CEO, Microsoft; John Doerr, Partner, Kleiner, Perkins, Caufield & Byers; Safra Catz, President and CFO, Oracle; Elon Musk, President and CEO, Tesla Motors; Mike Splinter, Chairman and CEO, Applied Materials; and Harrison Dillon, President and CTO, Solazyme.
Alongside these large company executives are the names of CEOs and venture capitalists who are building highly promising start-up companies that one day promise to be significant innovators and employers in the energy space.
"Government funding for basic research has proven to be an important part of the innovation life cycle in which venture capitalists, scientists and entrepreneurs also play a critical role," said Mark Heesen, president of the NVCA. "As our country looks forward to economic recovery and job creation, it is from this ecosystem that growth will spring. The venture capital community is committed to investment in innovative clean technologies and looks forward to working together with the federal government to fund these projects and bring these important breakthroughs to market."
"We believe that same approach can be used with ARPA-E and the energy sector. America's innovation leaders are speaking out in a strong voice that together we can create more high impact innovation that will transform our use of energy and improve our environment," said Rey Ramsey, President and CEO of TechNet.
The Company announced last week the first of numerous planned agreements and acquisitions with the signing of a comprehensive Joint Development Agreement with Creative Laboratory Enterprises (CLE), a private Intellectual Property (IP). The holding company currently has a portfolio exceeding $60,000,000 of IP asset valuation, primarily focused in the sustainable energy and environmental sectors.
Global Technologies will release updates on its acquisitions and development of the CLE IP portfolio based on development stage and marketability. Each selected technology and/or technology groups will be placed in the appropriate phase of the Company's Innovation ID2 Partnership.
The Company's ID2 program focuses on the acquisition and development of nascent innovations, inventions and Intellectual Property (IP). Operations and technology in the sustainable energy and environmental sectors present the greatest interest and opportunity for the Company. By acquiring and funding novel early stage research, the Company will leverage its technical and financial resources for the benefit of the inventors, stakeholders and the innovation marketplace.
GTL encourages collaboration with public, private and institutional partners across all phases of the development cycle. The Company accepts submissions from both inventors and joint venture development partners at [ www.GlobalTechnologiesLtd.com ].
The Company builds revenues and asset value through a model of continuous growth, income from or sale of its portfolio holdings, joint development agreements and technology licensing or distribution agreements. The Company believes its business model will provide stockholders the most advantageous path to long-term equity growth and supply the company with significant operations, equity improvements, and long-term strategic expansion.
The Company will provide regular updates on the CLE Joint Development Agreement and announce significant additions to its technology and operational portfolio.
About Global Technologies, Ltd.
GLOBAL TECHNOLOGIES (GTL) is a technology portfolio company that acquires nascent technology and related innovations, inventions and IP assets to enhance their growth and development. The company builds revenues and asset value through a model of continuous growth, income from or sale of its portfolio holdings, and technology licensing or distribution agreements.
GTL invests primarily in innovative and promising clean/renewable energy or bio-tech technologies that have reached the stage in the critical Technology Development & Demonstration phase of the Innovative Cycle, which includes Prototype, Demonstration and Market Analysis.
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This press release contains statements (such as projections regarding future performance) that are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's website and prior SEC and Pink Sheets filings contain various disclosures and RISK FACTORS (incorporated herein by reference) and should be read before any investment decision.
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