General Electric Company (GE) is a diversified technology, media and financial services company. The Company's products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The Company serves customers in more than 100 countries. The Company operates through five segments: Energy Infrastructure, Technology Infrastructure, NBC Universal (NBCU), Capital Finance and Consumer & Industrial. In September 2009, the Company sold its 81% interest in Homeland Protection business to Safran SA. In September 2009, the Company acquired ScanWind. In September 2009, Moog Inc. completed the acquisition of the Company's GE Aviation Systems' flight control actuation business. In November 2009, GE Aviation acquired Naverus, Inc. In October 2010, the Company acquired Opal Software.
General Electric Company has listed in New York Stock Exchange since June 23, 1892. The company has P/E Ratio 17.29, Indicated Annual Dividend 0.56, Beta Coefficient 1.65, Earnings per Share 1.0 7and Shares Outstanding 10,645,700,000.
GE has acquired Remote Energy Monitoring, Ltd. with operations in the United Kingdom and Australia. This acquisition enhances GE's ability to address the European Union's goals for a lower-emission, higher efficiency energy infrastructure. Remote Energy Monitoring's software and hardware technologies allow consumers and utilities to better monitor and manage their energy usage.
Remote Energy Monitoring's metering solutions are approved by U.K. regulators. The modular design of their solutions makes them field upgradeable, enabling utilities to integrate new capabilities in the future without the time and expense of switching out meters.
"Advanced software, flexible systems and robust communications are critical elements in modernizing our infrastructure to meet the world's energy needs," said Bob Gilligan, vice president--digital energy for GE Energy Services. "The accelerating pace of change of the energy industry demands flexible, cost-effective solutions that can be modified to meet the changing needs."
GE's end-to-end hardware, software and communications technologies elevate electric metering beyond simply tracking energy consumption. The metering solutions support enhancements such as remote activation and disconnect, two-way communications between households and utilities, dynamic pricing structures, pre-paid account management and energy use adjustments in response to peak pricing events. In addition, robust software and communications enable consumers to receive energy information and control energy usage via PC, TV, smart phone and/or other mobile devices.
"Combining Remote Energy Monitoring's U.K. smart metering expertise with GE's worldwide metering, manufacturing and smart grid leadership will expedite the rollout of this important technology, enabling the United Kingdom to lead in this area of energy management and efficiency," said Gilligan.
Energy companies can install our new meter solution, with its interchangeable and upgradeable modules, with the assurance it can be easily adapted to meet future communications and other technological advancements," said Nigel Rzemieniecki, chief executive officer, Remote Energy Monitoring, Ltd. "Adding GE's resources helps us continue to strengthen our technology development and broaden the reach of our smart, future-proof solution today."
The transaction closed on January 11, 2011. The entire Remote Energy Monitoring technology and support team will be joining GE. Headquarters will remain outside of London, United Kingdom.
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