April 6, 2005 -- EVENDALE, Ohio - GE Transportation's marine gas turbine business announced it has delivered its LM500 aeroderivative Auxiliary Turbine-Generator Set (ATGS) for installation at the United States Navy's DD(X) next-generation destroyer land-based test facility in Philadelphia, Pa. This marks the first use of GE's LM500 genset for an electric drive application.
FLORENCE, ITALY, April 4, 2005: -- GE Energy's oil and gas business has signed a strategic agreement with PTT Utility Company Limited (PTTUT) of Thailand for the supply of equipment and services.
PTTUT is an affiliate of PTT, established to provide utilities to PTT's Petrochemical Group. PTT is Thailand's fully integrated energy company and has the largest market capitalization of all energy companies listed on the stock exchange in Thailand.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--April 4, 2005--GE Insurance Solutions Corporation chairman, president and CEO Ron Pressman commented today on Standard & Poor's financial strength rating of "A" with a stable outlook. Standard & Poor's action follows last week's announcement that A.M. Best affirmed its "A" rating on operating subsidiaries of GE Insurance Solutions.
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NORWALK, Conn.--(BUSINESS WIRE)--April 4, 2005--GE Commercial Finance Business Credit today announced that Daniel A. Greene, Senior Vice President, has been named to the additional post of team leader, East Region, Business Credit. Based in New York City, Mr. Greene will have responsibility for directing Business Credit's overall efforts in the origination of transactions of up to $30 million throughout the East Region, which comprises New England, New York, New Jersey, Pennsylvania, Delaware, and Maryland.
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NORWALK, Conn.--(BUSINESS WIRE)--April 4, 2005--GE Commercial Finance Global Media & Communications announced today that it has arranged a $35 million senior debt facility for Lebhar-Friedman, Inc., the leading independent publisher and provider of information serving the retail/food service communities and their supplier network. The facility will fund Lebhar-Friedman's acquisition of Dowden Health Media, a health care media company with communications products and services for both consumers and physicians.
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Investment in People, Technologies and Solutions Despite Rising Commodity Costs
April 4, 2005--- GE Infrastructure Water & Process Technologies (W&PT), a unit of General Electric Company (NYSE:GE), continues its customer-focused investments in people, technologies, and solutions despite recent widespread price increases across the board. Over the past several months, all of the Water & Process Tech-nologies' product lines, which include specialty chemicals, membranes, and equipment, have increased be-tween 5-10% in most cases due to global inflationary cost structures.
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ATLANTA--(BUSINESS WIRE)--March 31, 2005--Reinforcing its commitment to China's rapidly growing power industry, GE Energy today announced its joint venture partnership with Shanghai Xin Hua Control Technology (Group) Co., Ltd. ("Xin Hua Group"), through acquisition of a majority share in Xin Hua Control Engineering Co., Ltd. ("Xin Hua Control").