GE Energy, NTC Expand Relationship in China, Signing Licensing Agreement for Industrial Steam Turbines
NANJING, CHINA-April 23, 2009-Further expanding its technology presence in China, GE Energy today announced that it has signed a technology licensing agreement with Nanjing Turbine & Electric Machinery Group (NTC). Under the agreement, NTC will have the license to use GE's technology for steam turbine designs for industrial applications in China and Southeast Asia.
"NTC, long active in power generation, now is expanding into the industrial sector. The agreement with GE will enable NTC to broaden its technology capabilities and offer customers proven, reliable solutions for industrial applications," said Mr. Shen Qun, president, Nanjing Turbine & Electric Co.
The technology licensing agreement covers both boiler feed pump and mechanical drive steam turbines for industrial applications, which will be manufactured and sold by NTC throughout the region. This industrial steam turbine technology licensing agreement builds upon GE's long-standing relationship with NTC, one of the major manufacturers of power generation equipment in China, which has been a GE manufacturing associate since the 1980s.
"NTC has been a key player in bringing GE technologies to China," said Trevor Bailey, general manager of GE Energy's steam turbine business, "Our new industrial steam turbine technology licensing agreement further expands the GE-NTC relationship and demonstrates GE's continuing commitment to provide reliable industrial power technology needed to support China's continuing growth and progress."
GE Energy has been active in China for more than 90 years and has provided the country with nearly 340 steam and gas turbines. Worldwide, more than 5,600 GE steam turbines have been installed or committed for fossil-fired, combined cycle, integrated gasification combined cycle, industrial, petrochemical and nuclear plants.
NTC was founded in 1956 and has an annual production capacity of 10 gigawatts. The company's main products include steam turbines for co-generation, air-cooled generators, gas turbines and large and mid-size AC motors.
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 2008 revenue of $29.3 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.
About GE
GE is a diversified global infrastructure, finance and media company that is built to meet essential world needs. From energy, water, transportation and health to access to money and information, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com. GE is Imagination at Work.
For more information contact:
Kristin Schwarz
GE Energy
t: +1 518 385 7343
e: kristin.schwarz@ge.com
Ken Darling
Masto Public Relations
t: +1 518 786 6488
e: kenneth.darling@ge.com
Howard Masto
Masto Public Relations
t: + 1 518 786 6488
e: howard.masto@ge.com
