NEW YORK, July 23, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on General
Electric Company (NYSE: GE). Select highlights from the internally
released reports are being made available to the general public
(included below), with access to the entirety of the research
available to new members.
Today, membership is open to readers on a complementary basis at
the following URL: http://www.aciassociation.com/?c=GE
Highlights from our GE Report include:
- Signing of New Contract -- On July 20, 2015, General Electric Company's GE Oil
& Gas announced a new contract with Spain's Leading Oil Storage and Transportation
Firm CLH Group to provide remote monitoring and diagnostics for CLH
Group's centrifugal pump fleet in its plants in Mora, Adamuz,
Loeches, Monzalbarba and Torrejon in Spain. GE highlighted that the contract will
introduce the first remote centrifugal pump monitoring to be
applied in those facilities, thus optimizing machine performance
with analytics. GE informed that the 24/7 system will collect and
transfer data from CLH sites to the GE Oil & Gas Monitoring and
Diagnostics Center where the pumps' performance, along with
identification anomalies will continuously be analyzed.
- A Note From the Management -- Commenting on the project
Roberto Baccani, General Manager of
Pumps, Valves and Systems (PVS) business, GE Oil & Gas
said,"This project will introduce our OEM expertise and analytics
into the operations of CLH Group's plants, by providing them with
remote monitoring and diagnostics to keep their pumping systems
running better and longer. We believe these kinds of arrangements
can really help customers like CLH realize better value in their
processes and we look forward to getting the system running and
starting to see results in the coming months."
- Attainment of Project Milestone -- In another release
dated July 20, 2015; GE Oil & Gas
announced the shipment of two liquefied natural gas (LNG)
compressor trains, supplied for the development of Dominion's Cove
Point LNG Export facility. The Company informed that the LNG
facility which is under construction is located on the Chesapeake
Bay in Lusby, Maryland. As per the
release, when completed in late 2017 the LNG liquefaction plant
will produce about 5.25 million metric tons of liquefied natural
gas annually and will be the first LNG terminal capable of
exporting LNG on the U.S. East Coast. GE added that each of the two
identical trains includes a FR7 Gas Turbine, three centrifugal
compressors (3MCL1405, MCL1405, 2BCL806) and a 20-megawatt 2 pole
induction electric helper motor provided by GE's Power Conversion
business.
To find out how this influences our rating on General Electric
Company read the full report in its entirety here:
http://www.aciassociation.com/?c=GE
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