GE Inspection Technologies invests in new facility in New York State

Skaneateles Falls, NY – August 4, 2006 – GE Inspection Technologies, designer and manufacturer of technology-driven inspections solutions, announces today that it plans to construct a 60,000 square foot manufacturing facility in Skaneateles Falls, NY, pending environmental approvals.  GE will invest more than six million dollars in building, furniture and fixtures.  The project is expected to create 50 new high-tech jobs and retain 153 existing jobs.

GE Inspection Technologies chose to build the new facility in Skaneateles Falls because it will have a low impact on employees who work in the existing Skaneateles Falls facility, it is an attractive destination town and the company will maintain its access to the Syracuse recruiting pool for new talent.

“We are committed to constructing our new facility in New York,” said Dick Mitchell, GE Inspection Technologies Operations Manager for the Skaneateles site.  “Skaneateles Falls is an attractive destination town and is in close proximity to the talented Syracuse recruiting pool, from which we anticipate adding 50 new jobs.”

In consideration of its commitment to New York State, GE Inspection Technologies is eligible to apply to Empire State Development for a Capital Grant of up to $500,000 to be used toward the purchase of furniture fixtures and equipment. 

"This is a great opportunity for Central New York workers," said Rep. Jim Walsh (NY-25).  “GE has made a significant investment in our community, demonstrating that our region - with the strength of its workforce - can compete in this global economy.  I look forward to continue working to make this business venture a success."

About GE Inspection Technologies
GE Inspection Technologies is a global leader in technology-driven inspection solutions that deliver productivity, quality and safety to our customers. The company designs, manufactures and services radiographic, ultrasonic, remote visual inspection and eddy current equipment to inspect, monitor and test materials and equipment without disassembly, deforming or damaging them. Its products are used in a wide range of industries, including Aerospace, Power Generation, Oil & Gas, Process and Automotive. The company has 11 application centers around the globe and offers a range of services including repair, on-site RVI inspection services, calibration, training and upgrades. GE Inspection Technologies has 1,300 employees at more than 25 facilities in 25 countries worldwide. To learn more about GE Inspection Technologies visit www.ge.com/inspectiontechnologies.