Will Allow Investment in New Technology and Advanced Manufacturing Techniques at GE's Groby Site
GROBY, LEICESTER, UNITED KINGDOM---November 17, 2011---The Groby manufacturing site of GE's (NYSE: GE) Sensing business, part of GE Energy, Measurement & Control Solutions, has been awarded £4.2 million over the next five years from the U.K. Government's Regional Growth Fund (RGF). The funding will be used to help the company to develop its GE U.K. metrology center and to continue its investment in advanced pressure sensor design and manufacture, creating innovative products for harsh environments, ranging from aerospace to sub-sea oil and gas production.
The RGF is a £1.4 billion fund operating across England from 2011 to 2014. It provides targeted support for businesses to allow them to expand and create jobs. The award is recognition of GE's significant growth over the past few years and acknowledges and supports its planned investment in innovative technologies for a wide range of market segments, which will sustain existing jobs at the Groby site as well as creating a number of highly skilled, engineering and advanced manufacturing posts.
As Groby Site Leader Tim Povall explains, "We already are seen in GE as a Center of Excellence for pressure technology and can point to recent important developments such as our 4Sight calibration and maintenance software and our TERPS pressure sensor technology. This new funding will help us to continue to build our research and development capabilities and establish a world-class metrology center for GE in the East Midlands."
About Measurement & Control Solutions
Measurement & Control Solutions is a leading innovator in advanced, sensor-based measurement, non-destructive testing and inspection and condition monitoring, delivering accuracy, productivity and safety to a wide range of industries, including oil and gas, power generation, aerospace, transportation and healthcare. It has more than 40 facilities in 25 countries and is part of GE Oil & Gas. For further information, visit www.ge-mcs.com.
About GE
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
GE also serves the energy sector by providing technology and service solutions that are based on a commitment to quality and innovation. The company continues to invest in new technology solutions and grow through strategic acquisitions to strengthen its local presence and better serve customers around the world. The businesses that comprise GE Energy---GE Power & Water, GE Energy Management and GE Oil & Gas---work together with more than 100,000 global employees and 2010 revenues of $38 billion, to provide integrated product and service solutions in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; as well as other alternative fuels and new grid modernization technologies to meet 21st century energy needs.
David Jervis
GE Energy
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