Global Technologies Ltd. has increased its small- and medium-wind IP and development portfolio by exercising its option to acquire certain hybrid wind turbine designs from Creative Laboratory Enterprises, a private holding company primarily focused in 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, Global Technologies completed the first two phases of this agreement and acquired – also through the issuance of preferred stock – wind turbine blade designs valued by the company at $15 million.
By acquiring and funding early-stage research, Global Technologies says it is leveraging its technical and financial resources for the benefit of inventors, stakeholders and the innovation marketplace.
SOURCE: Global Technologies Ltd.