SOURCE: Global Technologies, Ltd.

September 01, 2010 08:46 ET

Global Technologies Acquires Additional Hybrid Wind Turbine Technologies

LONDON--(Marketwire - September 1, 2010) -  Global Technologies, Ltd. (PINKSHEETS: GTLL) announced today it increased its Small and Medium Wind IP and Development Portfolio by excersing its option to acquire certain Hybrid Wind Turbine Designs and Engineering from Creative Laboratory Enterprises (CLE), a private holding company primarily focused in the the sustainable energy and environmental sectors.

Based on projected revenue models and asset valuation based on development cycle completions, the Company has valued this asset and transaction at $7.2 million. Earlier this year, the Company completed the first two phases of this Agreement and acquired, also through the issuance of Preferred Stock, innovative Wind Turbine Blade Designs valued by the Company at $15 million.

The Company believes Small and Medium Wind-Power Generation a high growth sector promising to become a significant and vital energy option primed for strong growth. 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 continues to increase the market value and advance the projections of its portfolio by planned patent protections and Development Projects for for six (6) of the Vertical Axis Wind Turbines Application Designs and Engineering and nine (9) core Wind Turbine Blade Design technologies. And, as previously announced, signed an Development & Distribution License with the Wind Design Distribution Group (WDD) for development and distribution of the first of its proprietary Wind Turbine Blade Designs which, if successful with international sales, is projected to provide up to $15 million in income over the initial term. 

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 leverages its technical and financial resources for the benefit of inventors, stakeholders, and the innovation marketplace. The Company builds revenues and asset value by acquiring undervalued technology, income from or sale of its portfolio holdings, joint development agreements and technology licensing or distribution agreements.

ABOUT THE COMPANY

Global Technologies, Ltd. (GTL) is a technology portfolio company that acquires technology assets to enhance their growth and development. The company builds revenues and asset value through a model of developmental and acquisition growth. The company receives income from, or sale of, its portfolio holdings or technology licensing 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 forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

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