GE Capital Solutions Fleet Services' Telematics Solutions Receives Technology Services Award at the 2008 Tekne Awards

4 November 2008

Tekne Awards celebrate Minnesota's technology innovators and innovations

EDEN PRAIRIE, Minn. - GE Capital Solutions Fleet Services has been named the established company recipient of the Technology Services Award at the 2008 Tekne Awards for its Mobile Resource and Asset Use/Management via a telematics solution. The Tekne Awards were held at the Minneapolis Convention Center on Oct. 30. The Tekne Awards honor superior technology advancement and leadership in Minnesota.

The Technology Services Award recognizes companies that succeed in innovative development and/or delivery of technology services, including consulting services, service providers and software as a service.

GE's telematics solution was chosen based on its proven demonstration of an integrated resource that provides visibility into the location and use of fleet vehicles to identify factors affecting operating costs and service delivery. As the evolving economic environment forces companies to look more seriously into telematics and optimization solutions, GE is providing its customers with solutions that deliver significant results, including consistent double-digit improvements in reduced accident rates, fuel efficiency, asset optimization, customer retention and reduced carbon emissions.

"Our telematics solution gives our customers who rely on vehicles to run their business the line of sight they need to optimize their business operational performance. Now more than ever, telematics solutions give our customers the competitive advantage they're looking for in what is a very volatile and challenging environment," said Stephen Ulanoski, General Manager of GE Capital Solutions Fleet Services Telematics Solutions program.

The Tekne Awards, presented by the Minnesota High Tech Association (MHTA) in partnership with Enterprise Minnesota and LifeScience Alley, annually recognize Minnesota's leading technology users and innovators. Tekne Award recipients represent a collection of industry leaders advancing Minnesota's status as a hub for technology innovation.

"This year's recipients are outstanding examples of innovation and leadership," said Kate Rubin, president, MHTA. "GE Capital Solutions Fleet Services is helping to secure Minnesota's place as a center of innovation in the global economy."

Judges selected one recipient out of the three finalists in each of 17 Tekne Awards categories recognizing the best and brightest in development, education, commercialization, and management of technology. Company awards included separate categories for small and growing businesses (with annual revenues under $50 million) and established businesses (with annual revenues of $50 million or more).

About GE Capital Solutions Fleet Services

GE Capital Solutions Fleet Services ( based in Eden Prairie, Minn., is a global fleet management company with operations in the United States, Canada, Europe, Japan, Australia and New Zealand. GE Capital Solutions ( provides leasing, lending and capital investment products and services to help businesses grow. General Electric is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems.

About Minnesota High Tech Association

The Minnesota High Tech Association (MHTA) accelerates the growth, sustainability and global competitiveness of Minnesota's technology-based economy through public policy advocacy, member collaboration and education, and community outreach. MHTA is the only membership organization that represents Minnesota's entire technology-based economy. MHTA members include organizations of every size − involved in virtually every aspect of technology creation, production, application and education in Minnesota. MHTA works in partnership with AeA, which represents Minnesota's technology organizations nationally.

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Gina Seppi
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