HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--GE Capital Solutions, Commercial Distribution Finance (CDF) will launch a no interest-financing program for qualified distributors of EFI (EFII) Inkjet products. The new program, which includes terms to 120 days, will start on January 1, 2009, the company announced today.
HOUSTON--19 December 2008-- A subsea equipment upgrade by VetcoGray, a GE Oil & Gas business, is expected to increase production in the Lobito Tomboco oil field off the coast of Angola by 7,000-10,000 barrels per day.
VetcoGray has signed a $27 million contract with Cabinda Gulf Oil Co. of Angola, a subsidiary of U.S. oil company Chevron, to retrofit the existing subsea trees in the field, which has been in production since June of 2006. The increase in production is expected to occur shortly after the retrofit project is completed in 2009.
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GE Offers New Enterprise-Level Integrity Management Software for Pipeline Industry
HOUSTON, TEXAS---December 18, 2008---GE Oil & Gas' PII Pipeline Solutions is introducing Integrity Management System (IMS), a first-of-its-kind pipeline integrity management software system to help pipeline operators more effectively manage the integrity of their pipelines.
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Giving to Focus on Organizations Providing Basic Needs
FAIRFIELD, Conn.--18 December 2008-- Today, the GE Foundation, the philanthropic organization of the GE Company, announces that it will direct more than $20 million in funding to food and shelter organizations responding to the impact of the economic downturn. Focused on addressing basic needs, these organizations continue to experience significant increases in demand without the proper funding to keep pace with the need.
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Thin, flexible roll-to-roll processed OLEDs form the tree and provide the lighting all-in-one
NISKAYUNA, N.Y.--(BUSINESS WIRE)--Scientists and engineers on GE's OLED research team rang in the 2008 holiday season with a first-ever OLED Christmas tree lighting at GE's Global Research Center headquarters in Niskayuna, NY. Illuminated in green light, GE's flexible OLED panels cut quite a tree and provide a glimpse at how this revolutionary lighting concept is going to transform the lighting industry.
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Iraq Power Initiative Nearly Doubles Electricity Generation Capacity
Baghdad, Iraq; December 16, 2008: The Iraqi Ministry of Electricity and GE Energy announced today at a ceremony in Baghdad that they have signed an agreement for power generation equipment and services valued at nearly $3 billion to provide much-needed electricity to support Iraq's future economic development. The announcement is a significant milestone as the country seeks to rapidly develop its energy infrastructure and increase its electricity production.
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Iraq Power Initiative Nearly Doubles Electricity Generation Capacity
Baghdad, Iraq---December 16, 2008---The Iraqi Ministry of Electricity and GE Energy announced today at a ceremony in Baghdad that they have signed an agreement for power generation equipment and services valued at nearly $3 billion to provide much-needed electricity to support Iraq's future economic development. The announcement is a significant milestone as the country seeks to rapidly develop its energy infrastructure and increase its electricity production.
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FAIRFIELD, Conn.--18 December 2008-- GE (NYSE: GE) will Webcast its annual December outlook meeting with investors tomorrow, Tuesday, December 16, 2008 at 3:00 p.m. ET. GE Chairman and CEO Jeff Immelt will host the meeting and discuss the Company's outlook for the remainder of 2008 and for 2009.
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