General Electric

FAIRFIELD, CT – March 23, 2009 – Moody’s Investors Service today announced a downgrade of General Electric Company’s and General Electric Capital Corporation’s (GECC) long-term ratings from Aaa to Aa2, with a “stable” outlook. The ratings downgrade does not affect GE’s and GECC’s short-term funding ratings of Prime-1, which were affirmed by Moody’s. The action follows a thorough review of GE’s portfolio by Moody’s.    » read more »

MOSCOW--18 March 2009-- Reinforcing its commitment to support the development of Russia’s energy infrastructure, GE Energy has signed an agreement to build a new facility in the Kaluga Region—about 180 kilometers southwest of Moscow—that will provide services for GE power generation equipment installed in Russia and the Central Asian States. The agreement to construct the facility was signed with the government of Kaluga Region, the Kaluga Region Development Corporation and the administration of Kaluga City at a ceremony held last evening at the Mansion of the Ministry of Foreign Affairs in Moscow.    » read more »

GE’s ‘6F’ Natural Gas Engines Increase Output up to 10% and Electrical Efficiency up to 1% in Pilot CHP Plants in the Netherlands

JENBACH, AUSTRIA -- March 16, 2009 -- GE Energy is introducing a next-generation, ultra-efficient Jenbacher ‘Type 6’ gas engine to help European Union (EU) member states comply with a directive to install new industrial, commercial and residential cogeneration systems that boost energy efficiency while reducing local fossil fuel consumption and greenhouse gas emissions.    » read more »

GE Healthcare unveils first portable ECG machine designed in China that incorporates “medical texting” capabilities; GE Energy helping to meet Europe’s increasing demand for renewable energy

FAIRFIELD, Conn.--13 March 2009-- GE (NYSE: GE) announced today it is extending its global leadership with new technology breakthroughs, partnerships and customer wins including the first portable ECG (electrocardiogram) device that uses “messaging” technology, and advanced wind technology designed to meet Europe’s growing renewable energy demands. GE continues to expand globally through creating local product lines, serving new customers and creating local partnerships.    » read more »

FAIRFIELD, Conn.--12 March 2009-- Standard & Poor’s (S&P) today announced a single-notch downgrade of General Electric Company’s and General Electric Capital Corporation’s (GECC) long-term ratings from AAA to AA+, with a “stable” outlook. The ratings downgrade does not affect GE’s and GECC’s short-term funding ratings of A-1+, which was affirmed by S&P. The action follows a thorough review of GE’s portfolio by S&P.

GECC is one of the only financial services companies in the world with a rating as high as AA+. S&P defines a company with this rating as having a “very strong capacity to meet its financial commitments.” Also, S&P’s "stable" outlook means the rating is unlikely to change in the next six months to two years.    » read more »

Special Engine Design Helps Russian Producers Comply with New Anti-Flare Gas Legislation

JENBACH, Austria--11 March 2009-- GE Energy is supplying 12 of its Jenbacher gas engines to support Russian oil and gas producer Monolit LLC’s project to reduce emissions by utilizing previously wasted gas at a Western Siberian production facility. At the facility, the waste gas—or Associated Petroleum Gas (APG)—will be separated into liquefied natural gas and other “transportable” products (including propane, butane, and ethane) for the chemical industry.    » read more »

Solution improves building energy efficiency by 15 to 20 percent without capital improvements

BILLERICA, Mass. -- GE Sensing & Inspection Technologies (NYSE: GE) announces a contract with PureChoice Inc. of Burnsville, Minnesota to provide 50,000 Telaire Dual Beam CO2 sensors as part of the company’s PureTrac® Building Performance Software offering. The PureTrac system provides a simple, cost-effective solution to improve energy efficiency in existing buildings by 15 to 20 percent, without compromising indoor air quality or requiring additional capital improvement costs.    » read more »

New Lab Space Set to Open In Bangalore, India; Adds to Expansions in United States, Germany and China

BANGALORE, India & FAIRFIELD, Conn.--11 March 2009-- GE Global Research, the technology development arm of the General Electric Company (NYSE: GE), today announced the opening of its newest research space, a 350,000 sq. ft. building at its technology campus in Bangalore, India. The new environmentally designed building, which is LEED (Leadership in Energy and Environmental Design) gold certified, will house nearly 2,000 researchers.    » read more »

EVENDALE, Ohio--10 March 2009-- GE Aviation is advancing jet propulsion and its next-generation engine core program, called eCore, through several private- and government-funded R&D programs, many with key technology milestones this year.

The programs involve testing demonstrator engines and engine hot sections with aggressive technical goals, new materials and 3D aerodynamic designs, unique architectures, as well as advances in electric power and thermal management. They will help to validate key aspects of GE’s eCore—the cornerstone for GE’s future jet engines.    » read more »

EVENDALE, Ohio--09 March 2009-- It is no simple feat introducing durable, lightweight composite components into the “hot section” of a flying jet engine. But GE Aviation is achieving this elusive, technical milestone.

The GE Rolls-Royce Fighter Engine Team’s F136 development engine for the Joint Strike Fighter (JSF) contains third-stage, low-pressure turbine vanes made by GE from ceramic matrix composites (CMC). This could lead to the first commercial use of CMCs in a jet engine’s hot section (combustor and turbine areas) when a F136-powered JSF begins flight testing in 2010.    » read more »

Swaady Martin Newly-Appointed Regional Director for GE Transportation in Sub-Saharan Africa

Cape Town, South Africa (March 5, 2009) - GE Transportation, a unit of General Electric Company (NYSE: GE), announced that in order to underscore its commitment to infrastructure development in Africa while accelerating the company’s growth in southern Africa and in the Republic of South Africa in particular, Swaady Martin has been appointed Regional Director.

GE Transportation has a long and successful history of operations and activities throughout Africa. The business was the first GE business active in South Africa in the 1890s and it has maintained its commitment to the rail industry in the region ever since.    » read more »

GE CFO Keith Sherin says Company is Safe and Secure and Sees No Need for New Capital; Financial Services Business Expected to be Profitable in First Quarter and Full Year 2009

5 March 2009 -- GE CFO Keith Sherin said today that the Company has taken the right steps to ensure that it is safe and secure in this environment and that he sees no need to raise additional capital. Mr. Sherin said GE’s financial services business expects to be profitable in the first quarter of 2009 and for the full year, and the Company will provide a detailed review of the financial services business the week of March 16 in a dedicated GE Capital meeting.    » read more »

Includes the Largest Gas Turbine Combined-Cycle Plant in Zhejiang Province; GE Energy Also Awarded First Contractual Service Agreement for a 9E Gas Turbine in China

ATLANTA, GA.—March 3, 2009—To assist China in meeting its goals of increased energy efficiency and reduced emissions, GE Energy recently signed service and maintenance agreements totaling $128 million for two power plants, including the largest gas turbine combined-cycle power plant in the Zhejiang Province.

GE Energy will provide inspections and service for two GE 9FA gas turbines at the Zhejiang Zheneng Zhenhai Power Plant in Ningbo. The plant, which is the biggest gas turbine combined-cycle plant in the Zhejiang Province, has an electricity output of 795.6 megawatts.    » read more »

GE caring for more than 10,500 athletes from over 200 countries at Beijing Games with advanced MRI, ultrasound and ECG technologies

BEIJING, 01 July 2008 -- GE Healthcare, the US$17 billion healthcare business of General Electric Company (GE), is working with medical leaders in the Olympic Movement to advance the use of innovative medical imaging technologies to provide insight into athlete health, as well as benefits for the general public. The company will supply a broad array of medical technologies, including magnetic resonance imaging (MRI), ultrasound and electrocardiogram (ECG) to the Olympic Village General Hospital. In addition, three National Olympic Committees, including China, U.S.    » read more »

Largest-Ever Single Corporate Contribution to to Advance Student Achievement New York City Public Schools

NEW YORK, NY, June 30, 2008 -- Mayor Michael R. Bloomberg and GE Chairman and CEO Jeffrey R. Immelt today announced that the GE Foundation, the philanthropic organization of General Electric Company, has awarded the New York City Department of Education (DOE) a five-year grant of $17.9 million, the largest-ever single corporate contribution to New York City public school system. The grant will support initiatives to better prepare middle school students for college and career opportunities, with a particular focus on improving achievement in math and science.    » read more »