From GE:

GE TO BUILD ADVANCED MANUFACTURING FACILITY IN PENNSYLVANIA

November 12, 2014

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$32 Million Investment to Drive Best-In-Class Technology across GE Manufacturing

• New center to develop and implement additive manufacturing technologies across GE industrial businesses
• Strengthen GE’s presence in advanced manufacturing through development of training program for GE technologists in additive manufacturing

FAIRFIELD, Conn. – November 12, 2014 – GE today announced that it will build a new manufacturing facility to drive innovation and implementation of advanced manufacturing technologies across GE. The new facility represents a $32M investment over three years by the company and will result in the creation of 50 high-tech engineering jobs initially, in disciplines ranging from mechanical and electrical to systems and software engineering. These technologists will join GE’s global network of 50,000 world-class scientists, engineers, and skilled labor who are working to solve some of the world’s toughest challenges.

The new facility reflects GE’s belief that the intersection of technology and manufacturing – marrying hardware with software – is bringing a new era of manufacturing. Advanced Manufacturing is about making things better and faster for customers. It includes new digital fabrication technology, lean manufacturing methods and rapid-prototyping, advanced materials sciences, supply chain efficiency and open innovation. The facility will focus on improving capabilities and usage of additive manufacturing across GE while advancing materials sciences and inspection technologies.

Dan Heintzelman, GE vice chairman said, “Advanced manufacturing is driving a profound change in industry and at GE. It is how we will compete and win in the future. We can more efficiently invent and build products for our customers, while driving better margins for our investors. This new facility is crucial for bringing advanced manufacturing technology to all our businesses.”

Pennsylvania is already home to more than 8,500 GE employees with significant presence from GE’s Transportation, Power & Water, Oil & Gas and Energy Management business. The site will be located outside of Pittsburgh in Findlay Township, PA to capitalize on the renowned academic institutions and skilled workforce in the area. Construction is expected to begin in March 2015 to be completed by September 2015.

Governor Tom Corbett said, “By integrating education, workforce training and technology, we are cultivating a renaissance in Pennsylvania manufacturing. I am proud of the economic environment we have created to encourage global companies like GE to invest in our future and in our skilled and talented workers. The 50 high-tech jobs GE is creating with this project is terrific news for hard working families in southwest Pennsylvania.”

This facility represents another major GE investment in U.S. manufacturing technology. In the past two years alone, GE has established new Advanced Manufacturing locations for GE Power & Water in Greenville, SC; GE Aviation in Asheville, North Carolina; and GE Oil & Gas in Jacksonville, FL; while expanding work in GE Aviation in Auburn, AL and improving manufacturing at GE Aviation in Rutland, Vermont.

Changing GE manufacturing is seeing financial results. In Rutland, Vermont a $75 million investment to expand the site to allow GE Aviation to use advanced materials has led to more than $300 million in engine production savings. Next year in Auburn, AL, mass production begins on the complex interiors of fuel nozzles for the next-generation LEAP jet engine being developed by CFM International, a 50/50 joint company of GE and France’s Snecma (Safran). Each engine has 20 nozzles (produced by Advanced Atomization Technologies, a GE and Parker Aerospace joint venture) with GE’s special 3D-printed interiors to make the engine more durable, lighter, and fuel efficient.  3D printing allows GE to make the nozzle interiors as one part rather than 20 individual parts, reducing the number of brazes and welds required using traditional methods.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

Media Contacts:

Megan Parker, GE

Megan.parker@ge.com

646-682-5605

From GE:

GE Oil & Gas Supplying Malaysia’s PETRONAS with Turbomachinery for Second Floating LNG Facility

November 12, 2014

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• GE to Provide Compressor Train, Mechanical Drive Equipment for New Offshore Facility
• Facility to be Malaysia’s Second Floating LNG (FLNG), Keeping Pace with Offshore Growth
• GE Also Supplied Turbomachinery Solutions for PETRONAS’ First FLNG

KUALA LUMPUR, MALAYSIA—November 12, 2014—GE Oil & Gas (NYSE: GE) today announced it will supply its proven gas turbine-driven compressor train and mechanical drive technology to Malaysia’s national oil and gas company, PETRONAS, for a second floating liquefied natural gas (FLNG) facility that is being developed off the coast of East Malaysia.

The latest project marks another major order with PETRONAS under a global frame agreement for equipment supply between the two companies. GE was awarded the contract primarily because its turbomachinery has a successful track record of supporting offshore LNG production.

“We are excited to move ahead with the development of our second FLNG facility that will boost our LNG production to help meet Asia’s growing energy needs,” said Datuk Abdullah Karim, vice president and venture director, LNG Projects (Domestic), Upstream Business, PETRONAS. “This project marks another important step as we seek to position Malaysia as a strong regional and global LNG market player.”

Compression trains are vital elements of the liquefaction process, which cools natural gas to a liquid state. As part of its contract, GE will supply four of its PGT25+G4 gas turbine generator systems and two nitrogen trains featuring two LM6000-PF+ 2BCL907 aeroderivative gas turbines in mechanical-drive mode. Commercial operation is expected to begin in the third quarter of 2017. Once operational in the first quarter of 2018, the second FLNG facility will produce about 1.5 million tons a year (mtpa) of LNG.

For the first time ever, an LM6000 gas turbine is being applied to an FLNG project. The LM6000 gas turbine model, already used for offshore mechanical drive applications, has an overall installed fleet counting more than 1,000 units worldwide. GE’s equipment will be manufactured at the company’s assembly facilities in Florence and Massa, Italy.

“Following up on the turbomachinery we supplied for PETRONAS’ first FLNG facility—one of the first FLNG projects in the world—we are excited our equipment has been selected for their second FLNG as well, illustrating the breadth of LNG production activities we are supporting around the world both onshore and offshore,” said Rafael Santana, vice president and CEO of Turbomachinery Solutions—GE Oil & Gas.

Previously, PETRONAS also had selected GE’s turbocompressor equipment to power the Malaysian national oil and gas company’s first FLNG, which is currently being constructed in South Korea.

The new project will enable offshore LNG production in certain smaller gas fields that are lacking pipelines to an onshore LNG plant. The second FLNG plant will support the industrial sector’s growing demand for natural gas in Peninsular Malaysia, where many power plants and commercial customers are located.

About GE in Malaysia

GE’s footprint in Malaysia began in 1975 with a sales and service center. Today, GE is present in several major locations (Kuala Lumpur headquarters and an aircraft engine maintenance, repair and overhaul Center of Excellence in Subang) as well as key customers sites throughout the country. All of GE’s key businesses (Oil & Gas, Power & Water, Energy Management, Aviation, Healthcare, Transportation and Lighting) are present in Malaysia. The Kuala Lumpur office serves as the company’s ASEAN corporate headquarters as well as the Asia-Pacific headquarters for GE Oil & Gas. GE is committed to contributing to the nation’s sustainable development and prosperity, and is investing in its future with advanced technology solutions and services as a trusted and committed local partner.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

About GE Oil & Gas

GE Oil & Gas works on the things that matter in the oil and gas industry. In collaboration with our customers, we push the boundaries of technology to bring energy to the world. From extraction to transportation to end use, we address today's toughest challenges in order to fuel the future. Follow GE Oil & Gas on Twitter @GE_OilandGas.