GE Motors Peterborough Awarded $30M Equipment Contract for Largest iron-ore
mine in China

Ecomagination certified product and experience a winning combination

PETERBOROUGH, ON, April 30 /CNW/ - After a lengthy four-year, highly competitive bid process, GE Motors in Peterborough Ontario has won a $30M contract to supply 18 quadramatic motors to Taiyuan Steel, China. The motors will be used in the company's TISCO iron-ore mine, which will be the largest in China, and will have one of the highest outputs in the world. The iron ore is used in stainless steel production. The order is the largest of its kind for GE Motors in Peterborough, and also the largest sold into China. The quadramatic motors will be built by mid 2011.

Throughout the bid process GE focused on driving greater technology efficiencies in order to reduce costs and energy requirements associated with the use of motors in the mining industry. GE worked with specialists from across the company located in China, the US and Peterborough. GE also worked with SGS Lakefield Research to better understand the nature of ore samples from the mine and their impact on motor speed and ore variability. "The process we followed required a detailed understanding of engineering applications, technology and testing." Notes Mark Revill, Manager Mining Commercial Operations. "GE put together an exceptional, experienced team that understand the benefits of improving technology to develop products for global markets. Our work has been recognized in the award of this large contract by Taiyuan Steel."

GE's quadramatic motors are certified under the company's rigorous third -party ecomagination process, requiring that products improve operating costs and reduce a company's environmental footprint. "Over the life of the mine energy savings are expected to exceed $2M annually." Notes Dave Peters, Manager Systems Engineering.

"Taiyuan Steel is a new customer for GE, and we are optimistic concerning future opportunities in the global and Canadian mining industry." Notes Ross Garland, General Manager Motors Peterborough Plant "Last year we signed an MOU with the Ontario government for investment in new technology, equipment and skills training. This $30M order reinforces the capabilities of our Centre of Excellence for Large Motors in Peterborough and the world-wide demand for our products."

GE has had a presence in Peterborough since 1891, and is one of the largest employers in the City with approximately 1,000 employees.

About GE

GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. From aircraft engines and power generation to financial services, medical imaging, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

For more information, visit the company's Web site at www.ge.com. GE is imagination at work.

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