Global Technologies, Ltd. (PINKSHEETS: GTLL) cites the ‘Joint Framework’ recently issued June 10th, 2010 by the United Steel Workers (USW) American Wind Energy Association (AWEA), providing impetus for its announced Small Wind Distributed Power Project. The ‘Partnership for Progress’ announced by the parties is designed to accelerate the development and deployment of wind energy production in the U.S.
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 U.S. is the world’s leading manufacturer of small wind turbines: about two-thirds of all small wind systems sold in the world last year were made by U.S. manufacturers. The U.S. market is the world’s largest; about half of all units and capacity added worldwide in 2009.
The Company has entered into Joint Development and Distribution discussions with a select group of product development, production and distribution partners, the bulk of which are domicile in the US. The Company expects further announcements as discussions progress.
The Company recently announced that it had commenced patent protection on its first 9 Wind Turbine technologies recently acquired as part of the core Innovative Wind Turbine Blade Designs from the CLE’s extensive Intellectual Property Portfolio.
The Company’s acquisition and developmental progress of these key Wind Turbine Blade Designs technologies has enabled the company to integrate the first of 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 expects additional Patent applications and additional development projects arising 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.
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 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.
Global Technologies, Ltd.
Phone Tel: (44) 0207 078 3972
Fax: (44) 0207 990 8465
Email : info@GlobalTechnologiesLtd.com
SOURCE: Global Technologies, Ltd.