Tuesday, September 16, 2008
GE Invests in Advanced Electron Beams
STAMFORD, Conn. and WILMINGTON, Mass. -- GE Energy Financial Services, a unit of GE (NYSE: 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 or break chemical bonds more efficiently than existing thermal and chemical approaches. Link.
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