STAMFORD, Conn. & HOUSTON--(BUSINESS WIRE)--Aug. 22, 2005--GE Commercial Finance Energy Financial Services announced today it has invested, for the first time offshore, $70 million in a limited partnership with F-W Oil Exploration L.L.C. to acquire and produce natural gas and associated liquid hydrocarbons in the Gulf of Mexico. Energy Financial Services will also finance the completion of a 48-mile pipeline system to transport gas from F-W's gas fields in the South Padre Island area.
NISKAYUNA, N.Y.--(BUSINESS WIRE)--Aug. 18, 2005--GE Global Research, the centralized research organization of the General Electric Company (NYSE: GE), announced the development of an ideal carbon nanotube diode that operates at the "theoretical limit," or best possible performance. This is a significant improvement upon the original nanotube diode device that GE developed and announced last year. This latest breakthrough will enable even smaller and faster electronic devices with increased functionality.
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MILWAUKEE--(BUSINESS WIRE)--Aug. 17, 2005--GE Healthcare, a unit of General Electric Company (NYSE:GE), announced today a new worldwide distribution/sales representation agreement with InSightec Image Guided Treatment Ltd. for the sales and marketing of ExAblate(R) 2000, the world's first magnetic resonance image (MRI) guided focused ultrasound system designed to non-invasively treat uterine fibroids.
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GLASGOW, MT - August 17, 2005 - General Electric and Boeing will begin testing new technology to further reduce noise on the already quiet Boeing 777-300ER aircraft, which are powered by GE90-115B engines.
The three-week flight test at Boeing's Glasgow, Montana, test facility is part of Boeing's Quiet Technology Demonstrator 2 (QTD 2) program. QTD 2 is a collaboration between Boeing, General Electric, Goodrich's Aerostructures division, NASA, and All Nippon Airways to validate new technologies designed to reduce noise on the aircraft and engine.
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KETTERING, Ohio--(BUSINESS WIRE)--Aug. 16, 2005
GE Consumer Finance, the consumer lending unit of General Electric Company (NYSE: GE), today announced it plans to acquire E*TRADE Consumer Finance Corporation, an affiliate of E*TRADE FINANCIAL Corp., which provides consumer financing solutions for recreational vehicles and marine products.
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Bangalore, August 30, 2005 - GE Healthcare, a division of General Electric Company (NYSE: GE), today announced the launch of "HF Advantage", the next generation of X-ray systems in India. This product is powered by High Frequency X-ray technology enabled by a state-of the-art generator, which are used only in high-end CTs and X-rays till now. The HF Advantage has been developed at GE's world-class R&D Centre - The John F. Welch Technology Centre in Bangalore.