GE Adding Varitech Cooling Towers to Its Portfolio of Rental Products
ATLANTA, GEORGIA - June 22, 2006 - GE Energy has signed a three-year sourcing agreement with Varitech Equipment Company, a leading supplier of cooling tower systems. Under the agreement, GE Energy's rentals business will be able to exclusively offer Varitech's full range of cooling tower equipment and services to North American customers for utility, industrial, and commercial applications.
Based in Cedartown, Georgia, Varitech is a full service, temporary cooling equipment provider, specializing in large applications. The company's cooling tower units range in size from 300 to 3,000 tons, with the capability to process cooling water up to one million gallons per minute.
"Our agreement increases our ability to support our industrial and utility customer base with large process cooling solutions," said Dan Heintzelman, President, GE Energy's services business. "Varitech's reputation as a leader within the cooling tower industry coupled with GE Energy's solutions selling approach creates a 'win-win' for both businesses as well as our customers."
"This agreement will enable Varitech to do what we do best, which is continue to provide 'Best-in-Class' cooling tower equipment and engineered services on a much larger scale," said Marty Jones, President, Varitech Equipment. "We are excited to have GE Energy representing us in the marketplace and look forward to a lengthy relationship."
GE Energy's rentals business and Varitech have already provided numerous solutions to customers across North America, some as large as 36,000 tons of cooling capacity.
GE Energy formed its rentals business to offer rental equipment for temporary distributed power and climate control applications in the commercial, industrial, utility, oil and gas and special events industries. The business has a broad portfolio of rental products including the 22.8-megawatt TM2500 portable power plant, natural gas-fired generators, diesel generators ranging up to 2.8 megawatts, air conditioners as large as 80 tons, water chillers up to 1,000 tons and now, cooling towers up to 3,000 tons.
About GE Energy
GE Energy (www.ge.com/energy) is one of the world's leading suppliers of power generation and energy delivery technologies, with 2005 revenue of $16.5 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE's corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.
Dennis Murphy
GE Energy
+1 678 844 6948
dennis.murphy@ge.com
Ken Darling or Howard Masto
Masto Public Relations
+1 518 786 6488
kenneth.darling@ge.com
howard.masto@ge.com
