The Company previously announced the signing of a Joint Development Agreement with Creative Laboratory Enterprises (CLE), a private Intellectual Property (IP). The holding company 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 blade technologies to be developed. The two companies will timely agree upon development schedules, patent protection procedures and collaboration partner identification. The parties anticipate a final closing within the next 30 days.
GTL encourages 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.
GTL will release various updates and disclosures in the coming days and weeks as the Company's revitalized business plan for 2010 gains momentum. Shareholders can expect full financial disclosures and regular filings alongside regular updates on acquisitions, assets, and revenues projections.
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 press release contains statements (such as projections regarding future performance) that are forward-looking 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 website and prior SEC and Pink Sheets filings contain various disclosures and RISK FACTORS (incorporated herein by reference) and should be read before any investment decision.
Statements made in this news release may be forward-looking statements within the meaning of Federal Securities laws that are subject to certain risks and uncertainties and involve factors that may cause actual results to differ materially from those projected or suggested. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to: (1) the availability of additional funds to enable us to successfully pursue our business plan; (2) the uncertainties related to the appeal and acceptance of our proprietary method of play and our planned on-line products; (3) the success or failure of our development of additional products and services; (4) our ability to maintain, attract and integrate management personnel; (5) our ability to secure suitable broadcast and sponsorship agreements; (6) our ability to effectively market and sell our services to current and new customers; (7) changes in the rules and regulations governing our business; (8) the intensity of competition; and (9) general economic conditions. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in the company's website and Pink Sheets filings contain disclosures and RISK FACTORS (incorporated herein by reference) and should be read before any investment decision. The Company assumes no obligation to update and supplement forward-looking statements because of subsequent events.
Contact:
Contact:
Global Technologies, Ltd.
Web: www.GlobalTechnologiesLtd.com
Investor Relations
Phone Tel: (44) 0207 078 3972
Fax: (44) 0207 990 8465
Email: info@GlobalTechnologiesLtd.com
Related Headlines
- Global Technologies to Acquire $9,000,000 in Wind Turbine Technology - Marketwire
- Global Technologies Joins Business Leaders in Support for DoE's Research and Innovation Agency -- Company to Expand Acquisition Scope - Marketwire
- Global Technologies Signs Agreement With Creative Labs and $60 Million Intellectual Property Portfolio - Marketwire
- Global Technologies' Vision Validated by US Commerce Department's Support of Technology Innovation and Patent Reform - Marketwire
- Global Technologies Ltd. Issues Interim Investor Guidance - Marketwire
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