GE Enters Agreement to Help Bring Smart Grid Technologies to Korea

GE has signed an agreement to help bring the performance, efficiency and reliability gains of smart grid technology to Korea, the company announced today. GE will work together with Korea's NURI Telecom Ltd. to build an advanced smart grid infrastructure in Korea.

"GE recognizes the importance of collaborating with technology and delivery partners to realize the promise of a smarter grid," said Bob Gilligan, vice president of GE Energy's transmission and distribution business. "NURI's products and global expertise, especially in advanced metering infrastructure (AMI), fit well with GE's end-to-end smart grid capabilities."

"As Korea continues to raise its global economic profile, the need for a complete set of smart grid solutions becomes more critical," said Song-Man Cho, president and CEO of NURI Telecom. "We are excited about working with GE so that our complementary technologies can help deliver reliability and performance gains throughout Korea's energy infrastructure."

Korea is currently embarking on several Smart Grid initiatives, including the development of a smart grid road map and a smart grid pilot project on Jeju Island.

Through industry collaborations, GE will deliver one of the broadest portfolio offerings in the industry to modernize the electrical systems from the power plant to the consumer. From smarter appliances to technologies for plug-in hybrid vehicles, to providing renewable technologies and smart meters, GE has the breadth and knowledge needed to increase energy productivity all the way up and down the lines. www.itsyoursmartgrid.com.

About NURI Telecom

NURI has expertise in designing, developing and manufacturing hardware, software, solutions and systems offering next generation AMI to the utilities to meet the changing needs of the industries around the world.

NURI is a world-renowned AMI system company which offers IT integrated management solutions, ZigBee application, auto identification (barcode/RFID), digital TRS (trunked radio system), USN line service with skilled manpower and technical knowledge.

About GE Energy

GE Energy (www.ge.com/energy) is one of the world's leading suppliers of power generation and energy delivery technologies, with 2008 revenue of $29.3 billion. Based in Atlanta, Georgia, GE Energy works in all areas of the energy industry including coal, oil, natural gas and nuclear energy; renewable resources such as water, wind, solar and biogas; and other alternative fuels. Numerous GE Energy products are certified under ecomagination, GE's corporate-wide initiative to aggressively bring to market new technologies that will help customers meet pressing environmental challenges.

About GE

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. For more information, visit the company's Web site at http://www.ge.com. GE is Imagination at Work.

SOURCE: GE

GE Energy 
Allison Eckelkamp, +1 678-844-6849 
allison.eckelkamp@ge.com 
or 
Masto Public Relations 
Gina DeRossi or Howard Masto 
+1 518-786-6488 
gina.derossi@mastopr.com 
howard.masto@ge.com

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