Science & Technology
Science and Technology
Science and Technology
Wed, May 26, 2010 Global Tech Positioned for Significant Market Share: Pike Research Forecasts Small Wind Sales to Double to $412 Million by 2013
LONDON--(Marketwire - May 26, 2010) - Global Technologies, Ltd. (
According to a recent report from Pike Research, the global small wind market is poised for strong growth in the next few years, with revenues forecast to expand from $203 million in 2009 to $412 million in 2013, a compound annual growth rate of nearly 20%. During that same period, worldwide installed capacity of small wind turbines will increase from 49 megawatts (MW) to 115 MW.
"Small wind energy is less expensive than solar on a cost per watt basis," says senior Pike analyst David Link, "which is driving more and more businesses and rural consumers to give it a second look. In addition, we are seeing increasing government support for small wind." Link adds that the applications for small wind include residential off-grid power, agricultural applications, community microgrids, schools and government buildings, and remote telecom network power, among others.
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 the first group to be acquired and developed.
The transaction to acquire and develop CLE's Innovative Wind Turbine Blade Design Intellectual Property Portfolio is valued at more than $9,000,000 and the Company anticipates completing the acquisition on or before 15 JUNE 2010. The Patent protection process is already under way and the Development and Demonstration scheduled is currently being finalized
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.
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.
Through its pioneering Innovation Development & Demonstration (ID2) Partnership, GTL focuses on the acquisition and development of nascent innovations, inventions and Intellectual Property (IP). Of key interest to the Company are operations and technology holdings in the sustainable energy and environmental sectors. 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 in all phases of the development cycle. The Company accepts submissions from both inventors and joint venture development partners on its new website [ www.GlobalTechnologiesLtd.com ].
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.
