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Global Technologies Commissions IP Audit and Patent Protection Strategy as Foundation for Accelerated IP Acquisition and Develo

^{Published on 2010-05-20 05:42:17 - Market Wire}
 

LONDON--(Marketwire - May 20, 2010) - Global Technologies, Ltd. (PINKSHEETS: [ GTLL ]) announced today that, as an integral part of its recently announced IP acquisition strategy, the Company has retained Patent & Intellectual Property Attorneys to assess its growing Intellectual Property portfolio and secure necessary filings and Patent protections.

The Company recently announced it has executed an Agreement with Creative Laboratory Enterprises (CLE) to acquire CLE's Innovative Wind Turbine Blade Design Intellectual Property Portfolio. The transaction is valued at more than $9,000,000 and the Company anticipates completing the acquisition on or before 15 JUNE 2010.

The Company previously announced the signing of a Joint Development Agreement with CLE, a private Intellectual Property (IP) holding company that currently has a portfolio exceeding $60,000,000 of IP asset valuation, primarily focused in the sustainable energy and environmental sectors.

As part of the first phase of the Agreement, the Company has identified a number of Wind Turbine Blade Design technologies as first to be developed. The Company anticipates further announcements regarding the acquisition and development of additional technologies, as it completes the prioritization and acquisition strategy of the CLE IP portfolio based on current stage and future marketability.

The Intellectual Property audit and subsequent Patent Applications and protections will provide the required foundation for further acquisitions and developmental collaborations of the Company's growing portfolio of Intellectual Property.

GTL invites professional third party 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; and will be actively seeking collaboration from all sectors in advancing its Wind Turbine Blade Designs.

Shareholders can expect full financial disclosures and filings alongside regular updates on acquisitions, assets, and revenues projections as the Company's revitalized business plan for 2010 gains momentum.

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.

Safe-Harbor

This release contains statements or projections regarding future performance that is forward-looking statements 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 filings contain various RISK FACTORS (and are incorporated on the Company's website "investors" section by reference) and should be read before any investment decision.