Lockheed Martin to Supply GEH with Main Control Room Systems for Reactors
WILMINGTON, N.C.---February 16, 2011---GE Hitachi Nuclear Energy (GEH) today announced it has signed an agreement with Lockheed Martin (NYSE: LMT). The two US-based companies, known for excellence in technology and safety, will join forces to design and build the world's most advanced digital control systems and nuclear reactors.
Cogeneration Project Utilizes Forestry Byproducts to Produce Power and Steam
FLORENCE, ITALY---February 15, 2011---A new green energy cogeneration plant at the Nippon Paper Industries, U.S.A., pulp and paper mill in Port Angeles, Wash., U.S.A., will feature a steam turbine generator supplied by GE Oil & Gas and powered by residue from local timber operations to generate 20 megawatts of power, becoming the first biomass project in the Port Angeles region of Washington state.
Funding allows for new store developments and refinancing of existing debt
SCOTTSDALE, Ariz.--15 February 2011-- GE Capital, Franchise Finance provides $5.8 million in financing to Dunkin' Donuts franchisee, First Cup, LLC. The facility includes a $4.1 million term loan and a $1.7 million development line of credit, which together will refinance existing debt and provide capital for restaurant expansion. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial Inc.
Addition of Wood Group's electric submersible pumps and surface wellhead products:
*Provides GE with entry into the fast growing demand for enhanced oil recovery from mature oil fields using downhole pump 'artificial lift' in brownfield developments;
*Expands GE's high-technology product and service offering in unconventional oil and gas production, with significant applications for shale gas production;
Technology Designed to Allow Taller Towers while Lowering Wind Farm Installation and Transportation Costs
SCHENECTADY, N.Y.--11 February 2011-- GE (NYSE: GE) announced today the acquisition of next generation technology from Wind Tower Systems, LLC (WTS) that is expected to enable taller wind turbine towers. The need for taller, cost-efficient towers is becoming an important factor in the wind industry as blade lengths increase.
BETHESDA, Md.--11 February 2011-- GE Capital, Healthcare Financial Services announced today that it is agent and a lender for $55 million in senior secured credit facilities for eBioscience, Inc. The credit facilities will be used to finance the company's repurchase of certain shares from early investors, refinance existing debt, and provide growth capital. The financing includes a $45 million term loan and a $10 million revolving line of credit. GE Capital Markets served as sole lead arranger and bookrunner.
Washington, D.C.---February 10, 2011---Today the U.S. Court of Appeals for the Federal Circuit heard arguments in GE's (NYSE: GE) patent dispute against Mitsubishi Heavy Industries, Ltd. (MHI) for certain wind turbine technologies that GE alleges MHI has infringed. GE spokesman Dan Nelson released the following statement:
"Today's hearing was about one issue---the protection of GE's intellectual property.
BETHESDA, Md.--10 February 2011-- GE Capital, Healthcare Financial Services announced today that it has provided, as sole lender and agent, a $12.5 million senior secured multi-draw term loan facility to Oncothyreon Inc. The financing provides the company with working capital to support clinical development activities.
Butler Health System will use HIE to Enhance Regional Care Coordination
BARRINGTON, Ill. -- Feb 10, 2011 -- GE Healthcare and Butler Health System, which serves Western Pennsylvania communities, have announced the planned implementation of a health information exchange to enable clinical information access between BHS and its affiliated and independent physicians, as well as referral hospitals outside of the immediate community.
NORWALK, Conn.--09 February 2011-- GE Capital, Corporate Finance today announced it is administrative agent on a $300 million asset-based revolving credit facility for Georgia Gulf Corporation, a leading chemicals company. The loan amends and extends an existing credit facility and will be used to support growth and working capital needs. GE Capital Markets served as co-lead arranger. GE Capital, Fleet Services also provides the company with fleet management services.
