Science & Technology
Science and Technology
Science and Technology
Tue, July 20, 2010 Global Technologies Cites UNEP Reports as Validation of Growing Sustainable Energy Asset Portfolio; Green Energy Market 'Resili
LONDON--(Marketwire - July 20, 2010) - Global Technologies, Ltd. (
The two reports -- "Global Trends in Sustainable Energy Investment 2010" and "Renewables, 2010 Global Status" -- reveal that wind investment rose 14 percent, even well other sectors fell.
U.N. Environmental Program (UNEP) executive director Achim Steiner said in a statement that the story of renewable energy investment in 2009 was one of "resilience to the financial downturn," with many businesses and governments determined to "transform the financial and economic crisis into an opportunity for greener growth."
According to the U.N., wind power received record investment in 2009 -- $67 billion in 2009 compared with $59 billion in 2008 -- with a total of 38 GW of new energy installed worldwide.
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.
The Company has moved quickly to increase the market value of the asset value and advance the income projections of the $15,000,000 acquisitions of its initial fifteen (15) Intellectual Property (IP) Assets acquired from CLE's extensive IP holdings, through an equity-building issuance of Preferred Stock that created no debt for the Company.
Development Projects have now been launched for six (6) of the Vertical Axis Wind Turbines Application Designs and Engineering and nine (9) core Wind Turbine Blade Design technologies and it has signed a $15,000,000 Intellectual Property (IP) Development & Distribution License with the Wind Design Distribution Group (WDD), a UK Limited Partnership, for development and distribution of the first of its proprietary Wind Turbine Blade Designs.
The License affords WWD the rights to develop and distribute selected wind turbine blade designs and integrated wind power solutions exclusively for the Euromarkets. The Company will work closely with WDD through all phases of the Innovation Development & Demonstration (ID2) Matrix.
The Company anticipates further income generating Licensing arrangements to evolve from the its recent acquisition of core Wind Turbine Intellectual Property (IP) Assets as part of the Joint Development Agreement with Creative Laboratory Enterprises (CLE), a private Intellectual Property (IP) and Technology Holding company.
These acquisitions, development and licensing progress further the Company's expansion and business strategy for 2010. Global Technologies has undertaken to aggressively acquire, develop and expand new technologies and operations as part of its enhanced business plan and strategic operational focus.
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. The details of the specific projects will be posted and regularly updated on Projects (PRj) portal @ [ www.GlobalTechnologiesLtd.com ].
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.
