Funds acquisition of four BURGER KING units and debt refinancing
SCOTTSDALE, Ariz.--12 October 2010-- GE Capital, Franchise Finance provided $9.3 million in financing to Georgia Texas Operating Company, a BURGER KING® and Taco Bell franchisee. The funds were used to acquire four BURGER KING fast food restaurants in the greater Atlanta area as well as to refinance existing debt. Funding was provided through GE Capital, Franchise Finance's bank affiliate, GE Capital Financial Inc.
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First Application in the Country for GE's Bacteria-Reducing Membrane Bioreactor Technology
NEW ORLEANS, LA. and ROTORUA, NEW ZEALAND---October 5, 2010---To comply with stricter environmental requirements, Rotorua, New Zealand has selected GE's (NYSE: GE) advanced bacteria-removing membrane bioreactor (MBR) technology for the upgrade of the city's wastewater treatment plant. This will be the largest MBR plant in New Zealand and also marks the first use of the GE MBR technology in the country.
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GE Joining High Level Partnership to Develop the Country's Renewable Energy Potential
JAKARTA, INDONESIA ---Sept. 30 2010---GE (NYSE: GE) and Indonesia's Agency for the Assessment and Application of Technology (BPPT) have signed a memorandum of understanding (MOU) for the joint development of renewable energy utilization, cleaner coal and energy efficiency projects to help meet Indonesia's growing power and environmental needs.
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Galvanized Steel Produced Shipped to Automotive Industry in North and South America
JENBACH, AUSTRIA---September 30, 2010---Mexico's largest steel galvanizing plant, owned by POSCO-Mexico, will save $6 million per year in electrical power costs and achieve power independence by using GE's (NYSE: GE) Jenbacher technology. The new nine-megawatt power generation project will use natural gas to produce POSCO-Mexico's onsite power instead of purchasing it from the grid.
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DEARBORN, MICH.---September 27, 2010---GE Hitachi Nuclear Energy (GEH) today announced it has signed memorandums of understanding (MOUs) with several local companies---Energy Steel & Supply Co., Curtiss-Wright Flow Control and CLYDEUNION Pumps---to begin discussions about supplying components for new nuclear power plant projects in the United States and around the world.
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BOULDER, COLO.---September 27, 2010---New technology from GE (NYSE: GE) will make it easier for the pharmaceutical industry to monitor and analyze water samples. The enhanced GE CheckPoint Pharma On-Line/Portable Total Organic Carbon (TOC) Sensor is a cost-effective instrument typically mounted and used online for continuous monitoring. Measuring the levels of TOC in the water is an important step for pharmaceutical companies to control processes that are critical to their operations and to comply with regulations.