SOURCE: Global Technologies, Ltd.

September 22, 2010 13:17 ET

Global Technologies to Raise Portfolio Valuation and Looks Toward the Sun: Nobel Laureate Predicts Wind & Solar as Earth's Dominant Energy Source

LONDON--(Marketwire - September 22, 2010) -  Global Technologies, Ltd. (PINKSHEETS: GTLL) cites predictions of Nobel Laureate, Walter Kohn, Ph.D. as validation of its business plan and a strong foundation for announcing the formation of a task force to report on the feasibility and market potential of technology acquisitions and product development in the Solar Photovoltaic (PV) and Solar Thermal market. 

The task force is expected to report its findings and recommendations over the next number of weeks and further announcements will be forthcoming. 

Speaking at a special symposium at the American Chemical Society's 240th National Meeting held last month in Boston, Dr. Kohn stated that research and development of alternative energy could soon lead to a new era in human history in which two renewable sources -- solar and wind -- will become Earth's dominant contributor of energy. 

Dr. Kohn further stated that the global photovoltaic energy production increased by a factor of about 90 and wind energy by a factor of about 10 over the last decade. He expects vigorous growth of these two effectively inexhaustible energies to continue during the next decade and beyond, thereby leading to a new era, the SOL/WIND era, in human history, in which solar and wind energy have become the earth's dominant energy sources.

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 double from $203 million in 2009 to $412 million in 2013.

Similarly, Solar Photovoltaic (PV) and Solar Thermal markets are expected average an annual growth rate of 30% per annum (between 4.5-5.5 GW depending on the scenario), representing growth which is approximately ten times the size of the 2009 market.

The Company now has 20 Product Development Projects currently fuelling the market valuation of its Small Wind Asset Portfolio, which include Hybrid Wind Turbine Designs and Engineering and Wind Turbine Blade Design Development Projects.

Based on projected revenue models and asset valuation based on development cycle completions, the Company has valued the first three asset acquisition transactions at a total of $22.2 million.

Additionally, the Company signed a Development & Distribution License with an income potential of $15,000,000 over the term of the agreement, for development and distribution of the first of its proprietary Wind Turbine Blade Designs. Further updates on this and other anticipated development and distribution agreements will be announced as they progress through the development and distribution cycle.

The Company anticipates further income generating Licensing arrangements to evolve from its recent acquisition of core Wind Turbine Assets as part of its Joint Development Agreements and the Development and Distribution Agreement with WDDG.

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 at 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 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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