GE Invests in Advanced Electron Beams; Technology Cuts Manufacturers' Costs, Saves Energy and Helps the Environment.
STAMFORD, Conn. & WILMINGTON, Mass. -- GE Energy Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. , a unit of GE (NYSE NYSE
See: New York Stock Exchange : GE), announced today a venture capital investment of $4 million in Advanced Electron Beams, whose technology helps traditional manufacturers become more environmentally sustainable while improving profitability. The technology uses a stream of electrons to initiate chemical reactions This is the 18th episode of television drama Men in Trees. It originally aired on June 25, 2007 on the TV2 network in New Zealand as a continuation of season 1. Recap
Marin and Cash have a stew cook off, she admits his is better than hers. or break chemical bonds more efficiently than existing thermal and chemical approaches.
Already used at the GE Global Research Center in Niskayuna, New York Niskayuna is a town in Schenectady County, New York, USA. The population was 20,295 at the 2000 census.
The Town of Niskayuna is located in the southeast part of the county, north and east of the City of Schenectady. , and more than 40 other companies, including 11 in the Fortune 100, Advanced Electron Beams' technology enables companies to reduce energy consumption in some cases by 60-90 percent and reduce chemical and water use. In addition, the technology delivers significant economic benefits over traditional methods: A system using Advanced Electron Beams' compact emitters can pay for itself in less than one year.
"This technology is exciting because of its triple bottom-line improvement," said Kevin Skillern, Managing Director of venture capital at GE Energy Financial Services. "Advanced Electron Beams' customers achieve significant energy savings and reduce chemical emissions and consumption while simultaneously improving their bottom lines. The company has the right recipe for success: a game-changing technology breakthrough, a great customer value proposition, great traction with large, blue chip customers and a strong management team experienced in building large, successful technology companies."
Advanced Electron Beams expects to benefit from its relationship with GE in more ways than venture capital. GE Energy Financial Services worked with the GE Global Research Center to identify nine potential applications of Advanced Electron Beams' technology in other GE businesses. The Global Research Center has been using Advanced Electron Beams' technology for more than two years, and it provided a strong endorsement and a technical, hands-on perspective to GE Energy Financial Services as it considered making its investment.
Advanced Electron Beams provides a platform technology with application for:
* Sterilization sterilization
Any surgical procedure intended to end fertility permanently (see contraception). Such operations remove or interrupt the anatomical pathways through which the cells involved in fertilization travel (see reproductive system). in the food, beverage, medical and pharmaceutical packaging industries
* Curing of inks, coatings and adhesives in the printing, packaging and industrial coating An industrial coating is a paint or coating defined by its protective, rather than its aesthetic properties, although it can provide both.
The most common use of industrial coatings is for corrosion control of steel or concrete. industries
* Polymer treatment for advanced materials Advanced Materials is a leading peer-reviewed materials science journal published every two weeks. Advanced Materials includes Communications, Reviews, and Feature Articles from the cutting edge of materials science, including topics in chemistry, physics, applications, including photovoltaic The generation of voltage by a material that is exposed to light in the visible and invisible ranges. See photoelectric and photovoltaic cell. manufacturing, filtration technology and high-performance fiber and fabric production
* Air pollution abatement
Other potential uses include air sterilization, food shelf life extension and hydrogen production Hydrogen production is commonly completed from hydrocarbon fossil fuels via a chemical path. Hydrogen may also be extracted from water via biological production in an algae bioreactor, or using electricity (by electrolysis) or heat (by thermolysis); these methods are presently not .
"Our vision is to be the solution for the sustainable factory of the future, using electrons to enable cleaner and more efficient manufacturing processes," said Mitch Tyson, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Advanced Electron Beams. "GE's research capabilities, wide industrial reach and focus on 'ecomagination' make it an ideal business partner, and we're pleased the company recognizes that our broad technology platform has such a promising future."
Ecomagination is GE's program to help its customers meet their environmental challenges while expanding its own portfolio of cleaner energy products.
GE Energy Financial Services' seven-member venture capital group led this investment. With offices in Boston, Stamford, CT, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , and Munich, Germany, the group has invested more than $150 million in the last two years in early- and growth-stage energy- and water-related technology companies.
GE joins Advanced Electron Beams' other investors: Atlas Venture Atlas Venture is an international early-stage venture capital firm that invests in communications, information technology, and life sciences companies. Atlas Venture has investing offices in Boston, London, Munich, and Paris, and its investments are evenly divided between the , General Catalyst and RockPort Capital.
About GE Energy Financial Services
GE Energy Financial Services' 400 experts invest globally with a long-term view, backed by the best of GE's technical know-how and financial strength, across the capital spectrum and the energy and water industries, to help their customers and GE grow. With $19 billion in assets, GE Energy Financial Services, based in Stamford, Connecticut, invests more than $5 billion annually in two of the world's most capital-intensive industries, energy and water. For more information, visit http://www.geenergyfinancialservices.com
GE (NYSE: 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. GE is Imagination at Work. For more information, visit the company's Web site at http://www.ge.com.
About Advanced Electron Beams
Advanced Electron Beams (AEB AEB Auto Exposure Bracketing (photography)
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AEB As Evidenced By ) enables the green factory of the future with its energy efficient, cost-saving, environmentally sustainable technology. AEB replaces traditional thermal and chemical production processes with its compact electron beam emitters that harness electrons to enable cleaner, less expensive and more efficient production. AEB's emitters are used in common processes such as sterilization, curing, polymer treatment and pollution abatement across industries including pharmaceutical and medical device, food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. , printing and packaging, industrial coatings and plastics manufacturing. For more information about Wilmington, Mass,-based AEB, visit: http://www.aeb.com/.