Global Tech Ltd (GTLL)

[Dragonwing]

British firm to take on US small wind turbine market

Published: 1 hour ago By James Cartledge

British investment company Global Technologies, Ltd, is planning a full-out assault on the US small wind turbine market.
The company paid out $9 million for nine wind turbine technologies from Creative Laboratories Enterprises last month, and has now revealed its plan to take on the US market.

It is planning to acquire more technologies, seeking patents for its portfolio ahead of its plan that it says will lead to US production.

During the next four years, Global said global small wind capacity is predicted to grow from 49-megawatts to 115MW.

This will see worldwide small wind turbine revenues rising from $203 million in 2009 up to $412 million by 2013.

In particular, it said the US market for residential and commercial small wind turbines would see “high growth”.

US manufacturing
Two thirds of all small wind systems sold last year were made by US manufacturers, while half of all small wind turbine capacity added worldwide in 2009 was in the States.

Global Technologies, which has its head office in London, England, has formed a group of product development, production and distribution partners, the “bulk” of which are based in the US.

It said yesterday it is now preparing for US production for its small wind turbines.

The company’s primary aim as an organization is to acquire nascent technology, inventions and intellectual properties to build them as a basis for growing revenue.

It is intending further announcements on its small wind turbine plans in due course.

http://www.brighterenergy.org/12390/news/wind/global-technologies-prepares-for-us-production/