Science & Technology
Science and Technology
Science and Technology
Wed, June 2, 2010 Global Technologies Increases Asset Valuation and Revenue Projections With $9,000,000 IP Acquisition: Targets $300,000,000+ Sma
LONDON--(Marketwire - June 2, 2010) - Global Technologies, Ltd. (
The transaction is valued at $9,000,000 purchased through an equity-building issuance of Preferred Stock and will create no debt for the Company. This transaction is the first in a series of anticipated IP acquisitions planned as a result of the Joint Development Agreement with Creative Laboratory Enterprises (CLE), a private Intellectual Property (IP), completed earlier this year and substantially expands its core Small Wind technologies and adds impetus to its recently announced Innovation Development & Demonstration (ID2) Partnership.
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 believes that Small Wind Power Generation, for both residential and commercial use, is a high growth sector that promises to become a significant and vital energy option primed for strong sales growth of the company's holdings and technologies.
The Company's acquisition and developmental progress of these key Wind Turbine Blade Designs technologies has enabled the company to integrate these core technologies to the critical Technology Development & Demonstration phase of the Innovative Cycle, which includes Prototype, Demonstration and Market Analysis. The Company has assembled experienced cross-functional teams to guide each innovation acquisition, technological adaptation and system integration through the required steps to successful commercialization.
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 technologies as additional IP assets to be acquired and 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.
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 ].
The Company believes its acquisition and growth-oriented business plan will provide stockholders with consistent equity growth and access to the multi-billion dollar alternative energy industry through its licensing and distribution of hydrogen-powered energy systems and solutions.
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.
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.
