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GE, C-MAR Group to Demonstrate Hybrid Tug Technology

FAIRFIELD, Conn.-(Business Wire)-May 20, 2008 - GE and the C-MAR Group will team to demonstrate the feasibility of a new hybrid tugboat technology that will offer customers fuel savings along with significantly reduced emissions both companies announced today.

"This is an exciting project that supports GE's ongoing commitment to investing in new technologies. The alliance will explore the viability of applying this 'green' hybrid technology to the tugboat industry, with possible far-reaching applications in other sectors of the maritime industry," said John Manison, manager of GE's marine and stationary power business in Erie, Pennsylvania.

"We believe there is strong demand for a hybrid technology to improve fuel efficiency and to help customers comply with increasingly stringent emissions regulations. By combining our core expertise, GE and the C-MAR Group can effectively meet customer needs with this new hybrid technology," Manison added.

GE and the C-MAR Group unveiled its alliance today during the International Tug & Salvage Convention, an industry trade show being held in Singapore.

According to Ron Murray, President of C-MAR America Inc., Houston, Texas, "The C-MAR Group is firmly positioned as one of the world's most innovative and dynamic companies in the marine service industry and as such is delighted to be associated with GE in developing new hybrid solutions for offshore propulsion systems.

"Our hybrid tug exemplifies the newest technologies available in marine power systems and tugboat design as well as making a positive contribution to saving energy and reducing emissions," Murray added.

Under the alliance, GE will provide a packaged hybrid propulsion system that will feature its V228 or V250 medium-speed diesel engines, a generator and a new generation of batteries. GE's V228 or V250 medium-speed diesel engines range in power from 1,400 horsepower (hp)/1,004 kilowatts (kW) to 5685 continuous hp/4239 kW.

The C-MAR Group will provide the architectural design, the vessel's power and control systems, propulsors and overall project management of the boat. GE and the C-MAR Group are now in talks with a variety of potential customers, including port authorities, which are interested in this unique hybrid tug technology.

Through its company-wide Ecomagination initiative, GE has been investing and perfecting hybrid technologies for more than 30 years. In fact, the company unveiled the Evolution(R) Hybrid locomotive on May 24, 2007 at Union Station in Los Angeles, California. With the launch of this locomotive, GE demonstrated the progress its Transportation business has made in developing a freight hybrid locomotive that is capable of recycling thermal energy as stored power in on-board batteries.

About GE

GE is Imagination at Work — a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, and media content, 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 www.ge.com.

About C-MAR Group

The C-MAR Group is recognized internationally for management, project management and operation of mobile offshore assets. The company has strong technical capability with particular focus on marine and offshore engineering, marine surveying, consultancy, inspection and audits, well control equipment, electrical and electronic control systems, and IT. Client base includes hundreds of companies across the international marine and energy industries such as major/independent oil companies, offshore construction contractors, support vessel owners, oilfield service companies, ship builders, rig owners, private yacht owners. For additional information visit www.c-mar.com.

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