General Electric (NYSE:GE) opened a European Global Research Center in Garching, near Munich, Germany,
The state-of-the-art 10,000 square-meter facility will be home to 150 scientists and engineers by 2005, who will conduct advanced research into enabling technologies for future products and services.
The center will focus on four main research areas: Alternative energy generation technologies, particularly hydrogen, biomass and fuel cells;
Electrical systems for renewable energy sources such as solar, wind and water;
Specialized sensors for automotive, biological and harsh environment applications;
Advanced medical imaging technologies, such as ultrasound, high field magnetic resonance imaging (MRI) and molecular imaging.
"We win in the market by bringing life-changing innovations to our customers," said GE Chairman and CEO Jeffrey Immelt. "We're fuelling our future growth today by expanding our capacity for innovation and bringing technology development closer to our European customers." The European center is GE's fourth Global Research facility, in addition to the Global Research headquarters in Niskayuna, New York (1,800 employees), the John F. Welch Technology Center in Bangalore, India (1,600 employees) and the China Technology Center in Shanghai (150 employees).
"With the technology we are developing, we have the opportunity literally to reshape the way the world works", said Scott Donnelly, SVP of Global Research. "We can create a new paradigm for the way the world generates and uses energy. We can help transform healthcare from the "see and treat" approach of today to the "predict and prevent" model of the future.
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