Science & Technology
Science and Technology
Science and Technology
Mon, June 21, 2010
Sun, June 20, 2010
Fri, June 18, 2010 Global Technologies Increases Income and Asset Valuation Projections: DOE Chief Cites Gulf Spill for Wind Power Urgency
LONDON--(Marketwire - June 18, 2010) - Global Technologies, Ltd. (
Chu described the Gulf Spill as "a tragedy" which spoke to the importance of incorporating wind power into the national energy strategy. "It's another reminder to step back and say, 'We do need a comprehensive energy strategy in the United States for the coming decades,'" Chu said.
Chu, who has never been shy about touting the importance wind power has for the national energy program, visited the University of Maine's Advanced Structures and Composites Center where they are working on new designs for floating deep-water wind turbine platforms.
The Department of Energy has invested more than $25 million in The University of Maine's wind power research while Maine voters approved a bond that will see an addition $11 million assist a university-backed group develop a wind power test site.
The Company recently announced the launch of the first five (5) Development Projects based on the Wind Turbine assets recently acquired and it intends to expedite the advancement of these projects and bring additional ones on line shortly.
The Company recently announced it had commenced patent protection on its first 9 Wind Turbine technologies recently acquired from Creative Laboratories Enterprises (CLE) and expects additional Patent applications and further development projects to emerge from its core technologies acquired as part of the $9,000,000 Agreement with Creative Laboratories Enterprises (CLE) as the analysis and prioritization process continues.
The Company believes Small Wind-Power Generation, for 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. 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.
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. The details of the specific projects will be posted and regularly updated on Projects (PRj) portal @ [ www.GlobalTechnologiesLtd.com ]
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.
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.
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 are 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.
