GT Exhaust Systems Changes Its Name to GTE Industries, Inc.

GT Exhaust Systems, based in Lincoln, Nebraska, announced today the change of its name and rebranding to GTE Industries, Inc. (GTE). The official public announcement will come after an internal unveiling planned for August 14, 2008. GTE Industries is launching its new brand to communicate the change in name, philosophy and business strategy as it strengthens its position as a global leader in the emission and sound solutions industries.

The new brand comes in response to the new owner and management team working together to offer:

• Internal restructuring to better serve its customers

• Increased solution offerings through its broadened product lines

• Enhancements in customer service to support its global customers with plans for additional international customer service centers and a newly updated website

Partnering with and offering our customers, not products, but solutions for the sound and emissions challenges they bring is our primary target. Our customers and our sales channel can expect enhanced solutions, superior customer service and a significant commitment to the environment. We’re proud of the foundation laid by GT Exhaust Systems and have identified new opportunities, changing to build a different, stronger company."

Offering solutions for a cleaner, quieter world, GTE is also making environmentally-conscious changes in the way it operates. Some of these include the move towards decreasing paper usage and electronic data initiatives while partnering with companies to develop the cleaner, more cost effective solutions.

A global leader in sound and emissions solutions, GTE Industries manufactures solutions for sound attenuation, emission control and heat challenges. Originating as the go-to for silencers in the United States, GTE has since expanded its solutions to span the globe—offering silencers, catalytic converters, diesel particulate filters, accessories and other products throughout. For more information about GTE Industries, visit www.gteind.com, call (800) 775-2466 or email Douglas Twyford at dtwyford@gteind.com.



House Committee on Small Business Holds Hearing on Green Technologies

The House Committee on Small Business has held a hearing on "The Role of Green Technologies in Spurring Economic Growth." The hearing took place July 10, 2008, in the Longworth House Office Building in Washington, D.C. The hearing focused on the potential for growth of small firms developing and using green technologies and featured testimony from a number of industry professionals, including Lake Coulson, Executive Director, Government Affairs for the National Electrical Contractors Association (NECA) and Gregory Wetstone, Senior Director of Government and Public Affairs for the American Wind Energy Association (AWEA).

American small businesses bring constant innovation to the marketplace—including cutting-edge "green" technologies. In fact, entrepreneurs already make up 90% of the renewable-energy sector and lead the way in the harnessing of wind and solar power. That success, coupled with new commercial opportunities for traditional small firms, offers solid evidence that green entrepreneurship is not just good for the planet, it can jumpstart the lagging U.S. economy. Members of the House Committee on Small Business today heard from a panel of experts who discussed the many economic benefits brought on by this dynamic new business sector.

"Green technology has taken on an important new role—that of market stimulus, and entrepreneurs are levering it to forge a clear path to economic recovery," said Chairwoman Nydia M. Velázquez. "That’s definitely good for the environment, but it also means new jobs and increased economic activity."

Green firms add $933 billion to the economy each year and employ more than 11 million workers. In fact, in 2006 alone, these small businesses hired eight million new workers. By 2030, the number is expected to reach 40 million employees—or 25% of the American workforce. Most of the jobs are in traditional small business industries, including farming, construction, plumbing, and electrical engineering.

"Transforming the U.S. into the world’s leading green economy is a defining challenge of our time, and all workers—from PhDs to blue collar employees—can benefit from this revolution without switching careers or being re-trained," said Chairwoman Velázquez.

Witnesses at the hearing also noted that global demand for alternative energy systems is on the rise, and that if American firms can meet the needs of the international market, the U.S. economy stands to reap trillions of dollars in export revenue. At home, meanwhile, the continued expansion of green firms has led to lower costs for consumers. In fact, while oil prices continue to soar, the price for wind-powered energy and other alternative fuel technology has fallen more than 80%. The result is lower prices for Americans and greater global market share for U.S. companies.

"During the economic slow down of the 1990’s entrepreneurs had the foresight to improve people’s lives through online services. Their work pulled us out of a difficult time and laid the foundation for the nation’s financial prosperity," said Chairwoman Velázquez. "That spirit—of ingenuity and relentless commitment to quality—defines the green entrepreneur of the 21st century. We must give these firms a chance to grow the economy yet again. This time, it’s to the benefit of the environment and—as always—in the best interest of every American."

GE Provides Control Technology for New Biomass Power Plants in China

GE Energy is providing distributed control systems for 50 new biomass-fueled power plants that are being built in China as the country works to rapidly develop new renewable energy sources to meet its pressing energy and environmental goals.

The biomass plants will provide much-needed electricity to support local grid networks at a time when China’s demand for power is projected to grow by about 13.5% in 2008, with the country’s total annual demand currently exceeding 3.7 trillion kilowatt hours (kWh). The 50 plants will each feature two, 12MW power blocks that will generate a total of 7.2 billion kWh per year, which is enough to support an average of 70,000 families in China.

GE is providing its distributed controls technology to Wuhan Kaidi Electric Power Engineering Co., Ltd., which is building the biomass plants in the Hubei, Hunan, Anhui, Shanxi, Fujian, Jiangsu and Jiangxi regions. Rice husk, straw and animal manure will be used as the biomass stock.

The projects will mark the global debut of GE Energy’s OC 4000™ distributed control systems (DCS) for biomass power generation applications. The integrated controls platform will link all plant operations, data acquisition and performance analysis to control and protect the biomass plants’ steam turbine, boiler and auxiliary devices. A simulation system will be provided for operating and maintenance training. The DCS technology will optimize the performance of the plants, making the projects more economically viable for developer Wuhan Kaidi.

The first 2x12MW biomass power block is scheduled to enter commercial service at the end of August 2008. All 50 plants will be operational by December 2010. GE’s equipment will be built in Shanghai, China. The equipment for the first two project contracts will be delivered in May 2008, with three additional shipments scheduled in June, July and August 2008. Local suppliers in China are providing the steam turbines and boilers for the biomass plants, while seven engineering institutes are also involved with the design of this project. For more information, visit the company’s Web site at www.ge.com.

Saft receives new lithium battery order from the Australian army

Saft has received an AUD $3.5 million (approx. USD $2.7 million) order from the Australian Defence Materiel Organisation for BA-F300 lithium-sulfur dioxide batteries, with deliveries scheduled to begin later this year. The BA-F300 battery is a custom battery comprised of Saft LO 26 SX cells and is designed to withstand the demanding electrical and mechanical conditions encountered in combat and military training exercises. The batteries will be used to power a variety of portable military equipment, including Raven radios.

Saft manufactures three primary lithium battery technologies (Li-SO2, Li-SOCl2, Li-MnO2) as well as rechargeable Li-ion, and has more than 30 years experience in developing lithium batteries for military customers.

Saft is the world’s leading manufacturer of nickel-cadmium batteries for industrial applications and of primary lithium batteries for a range of end markets. For more information, visit www.saftbatteries.com.

Wärtsilä Delivers Power Plant Extension for Saudi Arabian Firm

Wärtsilä Corporation has signed an agreement with Riyadh Cement Company (RCC) to deliver a second power plant for their new cement plant expansion in Saudi Arabia. The agreement was signed in May 2008. The turnkey delivery is scheduled for completion by mid-2010 and follows an earlier Wärtsilä power plant delivered to the same customer, which became operational in early 2007.

This extension order consists of five Wärtsilä 20V32 generating sets that will run on heavy fuel oil. They will produce 38 MW of electricity to be used for powering RCC’s second production unit.

The site is located 835 meters above sea level and has an ambient air temperature of 50 degrees celsius. The 20-cylinder Wärtsilä engines were chosen because of their reliability in operating under such extreme site conditions.

The rapid growth of construction projects in Saudi Arabia, together with the country’s infrastructure development, has created a huge demand for cement. RCC was one of the first companies serving that market, with the capacity to produce 5000 tons per day.

Wärtsilä has been powering industries in Saudi Arabia for 35 years with more than 1200 MW of power plants installed, under construction or on order. Close to 400 MW is utilized or earmarked for the expanding cement industry in the country. For further information, visit www.wartsila.com.

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