Global Technologies, Ltd. announced today the addition of an additional four Development Projects based on the Wind Turbine assets acquired June 2, 2010. This is in addition to the initial five Development Projects that were launched on the 16th of June.
The Company has moved quickly to increase the asset value and advance the income projections on its initial nine Intellectual Property (IP) Assets acquired, through the issuance of Preferred Stock, $9,000,000 of core Innovative from the CLE's extensive IP holdings. Development Projects have now been launch for all of the nine core Wind Turbine Blade Design technologies and the Company will continue to provide updates as these projects progress though the stages of its pioneering Innovation Development & Demonstration (ID2) Matrix.
Additionally, the Company recently announced it had acquired a further $6,000,000 of core CLE's core Vertical Axis Turbines Application Designs and Engineering, acquired also through an equity-building issuance of Preferred Stock that created no debt for the Company. The patent protection process has commenced on these newly acquired IP assets and the Company further development projects to emerge from these core assets as the analysis and prioritization process continues.
These acquisitions and development 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.
These transactions and development advancements are the first in a series of IP acquisitions and development projects planned as a result of the Joint Development Agreement with Creative Laboratory Enterprises (CLE), a private Intellectual Property (IP) and Technology Holding company, completed earlier this year and substantially expands its core Small Wind technologies and adds impetus to its recently announced Innovation Development & Demonstration (ID2) Partnership.
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 and Axis Turbines Application Designs and Engineering.
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.
