GE, Ford Collaborate on Alternative Fuel Vehicle Adoption and Research

  GE, Ford Collaborate on Alternative Fuel Vehicle Adoption and Research

Business Wire

FAIRFIELD, Conn. -- November 20, 2012

GE (NYSE: GE) today announced a collaboration with Ford Motor Co. in which the
company will purchase 2,000 new Ford C-MAX Energi plug-in hybrids for its
fleet. As part of the collaboration, Ford will jointly market GE’s alternative
fuel infrastructure solutions to commercial customers and provide new
alternative fuel vehicles for use at GE’s Vehicle Innovation Center.

The two companies will also collaborate with researchers from the Georgia
Institute of Technology on data collection and analysis on GE’s fleet in order
to add even greater efficiencies to electric driving and charging.

For GE, the purchase of the 2,000 Ford C-MAX Energi vehicles is another step
in the company’s commitment to converting half of its global fleet to
alternative fuel vehicles as part of its commitment to ecomagination. The
addition of the Ford vehicles brings the number of alternative fuel vehicles
in GE’s fleet to more than 5,000 toward its goal of 25,000 vehicles. To date,
GE employees have driven approximately 18 million miles in the company’s
alternative fuel vehicles, saving about $2 million in gasoline costs and
reducing CO[2] emissions by approximately 12 million pounds.

Mark Vachon, GE Vice President of ecomagination, said, “We are focused on
providing our customers and our fleet with more economically and
environmentally efficient vehicles. The Ford C-MAX Energi plug-in hybrid is a
great addition to our expanding fleet of alternative fuel vehicles.”

The Ford C-MAX Energi plug-in hybrid provides a 21-mile electric-only range, a
108-mpg city EPA rating and a 620-mile single-tank driving range. GE will
begin integrating the Ford C-Max Energi into its fleet this month.

“Ford is launching six new electrified vehicles – a big bet that fuel prices
will continue rising and lead to more demand for advanced fuel-efficient
vehicles,” says Ken Czubay, Ford vice president, U.S. Marketing, Sales and
Service. “We are pleased to partner with GE, a company that is charting a
similar course, to promote advanced technology and energy savings.”

As part of the collaboration, Ford will promote GE’s WattStation™ charging
station and CNG in a Box™ natural gas fueling station with its commercial
customers. GE’s WattStation is an easy to use electric vehicle (EV) charger
that significantly decreases the time needed for vehicle charging. The
WattStation uses smart grid technology and comes with an app that helps
customers more easily locate vehicle electricity sources. GE’s ecomagination
qualified CNG In A Box™ is a fully-integrated CNG fueling supply system
offering cost-effective plug and play simplicity for fleet and retail fueling
stations seeking to offer CNG fuel.

Ford also will supply new alternative fuel vehicles for use at GE’s Vehicle
Innovation Center at the headquarters of GE’s fleet management business in
Eden Prairie, Minn. The Vehicle Innovation Center gives GE’s commercial
customers the opportunity to learn about and test drive alternative fuel cars
and trucks in a single location with assistance from GE’s fleet,
transportation, energy and advanced technology experts. Ford already has
placed its pure electric Focus at the center.

The two companies will also work with researchers at Georgia Tech to study GE
employee driving and charging habits, with the goal of improving all-electric
driving and charging performance. Researchers will use Ford’s MyFord Mobile
app – with real-time battery charge status and “value charging” that
automatically recharges at lower cost, off-peak electricity rates.

“Understanding driving and charging habits is key to advancing vehicle and
charging infrastructure,” says Professor Bert Bras of the Sustainable Design &
Manufacturing laboratory at Georgia Tech. “Through access to vehicle data, we
can accelerate research and development of new technologies to further improve
efficiency, driver satisfaction and environmental benefits.”

Study findings will be shared with commercial customers to provide insights
and help facilitate the deployment of electric vehicles in their own fleets
amid a growing EV infrastructure that now includes more than 10,000 public
charging stations across the country.

Ecomagination is GE’s commitment to providing innovative solutions that
maximize resources, drive economic performance and help make the world work
better.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at www.ge.com.

About Ford Motor Company

Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures or distributes automobiles across six continents. With
about 168,000 employees and about 65 plants worldwide, the company’s
automotive brands include Ford and Lincoln. The company provides financial
services through Ford Motor Credit Company. For more information regarding
Ford and its products worldwide, please visit http://corporate.ford.com.

Georgia Institute of Technology

The Georgia Institute of Technology is one of the world's premier research
universities. Ranked seventh among U.S. News & World Report's top public
universities, the Institute enrolls 21,000 students within its six colleges.
Georgia Tech is the nation's leading producer of engineers as well as a
leading producer of female and minority engineering Ph.D. graduates. Holding
more than 780 patents and receiving approximately $570 million in sponsored
awards, Georgia Tech ranks among the nation's top ten universities (without a
medical school) in research expenditures. Visit www.gatech.edu for more
information.

Contact:

GE
Lindsay Lorraine, 646-682-5601
lindsay.lorraine@ge.com
or
Ford
Wes Sherwood, 313-390-5660
wsherwoo@ford.com
or
Georgia Tech
Liz Klipp, 404-894-6016
liz.klipp@comm.gatech.edu
or
GE
Greg McCullough, 952-828-2858
greg.mccullough@ge.com
or
Ford
Amanda Zusman, 313-322-3132
azusman@ford.com
 
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