(OTC: GTLL) Signs Agreement With Creative Laboratory Enterprises to Develop $60m IP Portfolio
May 06 2010 - 6:30AM
Marketwired
Global Technologies, Ltd. (PINKSHEETS: GTLL) announced yesterday
that they have signed a comprehensive joint development agreement
with Creative Laboratory Enterprises (CLE), a private Intellectual
Property (IP) holding company with an IP portfolio in excess of
$60,000,000 in valuation.
Global Technologies aims to monetize nascent innovative
technologies primarily in sustainable energy and environmental
sectors, one of the fastest growing sectors in the world, with over
$120 billion invested worldwide annually.
According to The Secured Lender, "Intellectual property
management can be one of the most important responsibilities in an
organization." The article goes on to state that intellectual
property provides a source of capital that does not dilute the
current equity structure of a company which is very beneficial when
it is compared typical to equity financing
(http://www.allbusiness.com/legal/intellectual-property/1051949-1.html).
By prioritizing intellectual property and allocating it within
its proprietary Innovation Development & Demonstration Matrix
(ID2), Global Technologies will guide emerging intellectual
property through their most critical phases, prototype,
demonstration and market analysis.
The Company has assembled experienced cross-functional teams to
guide each innovation acquisition, technological adaptation and
system integration through the required steps to successful
commercialization. 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. (www.GlobalTechnologiesLtd.com)
Other active stocks are International Rectifier Corp (NYSE: IRF)
Rogers Corporation (NYSE: ROG) and Act Clean Technologies
(PINKSHEETS: ACLH)
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