Ontario Signs MOU With General Electric Canada

McGuinty Government Joins Forces with Global Giant

TORONTO, Sept. 29 /CNW/ - Ontario signed a Memorandum of Understanding (MOU) with GE Canada today that could lead to substantial long-term investments and a strengthening of GEs footprint within the province.

    
    According to the MOU's terms, GE Canada will:

    -   Help small and medium-sized companies further develop and
        commercialize their innovative products and services;
    -   Provide GE management and leadership training to 200 Ontario
        government middle and senior level managers in the next five years;
        and
    -   Establish global centres of excellence within Ontario focusing on
        clean energy, water treatment, health care, information technology
        and state-of-the-art manufacturing sectors.
    

QUOTES

"The Ontario government values the important role GE continues to plays in our economy, "said Sandra Pupatello, Minister of Economic Development and Trade. "With the signing of today's MOU, GE and Ontario have provided the basis for a cooperation-focused framework that will enhance economic development, create new jobs and promote research and development within the province."

"I'd like to congratulate the Province on its leadership in signing this MOU with GE," said John Rice, Vice Chairman, GE and President and CEO, GE Technology Infrastructure. "Businesses and governments have to partner to ensure the continued growth and prosperity of their economies. Ontario clearly recognizes this is what's needed to compete globally."

"With today's announcement, GE and the Ontario government will work together to advance the province's innovation and prosperity agenda," said Elyse Allan, President and CEO, GE Canada.

    
    QUICK FACTS

    -   GE is one of the world's largest companies, with 300,000 employees
        working in 100 countries.
    -   GE Canada has assets of $11.3 billion and employs 5,800 people in
        Ontario.
    -   GE also has MOU partnerships with China and Qatar.

    LEARN MORE

    -   Find out more about GE at http://www.ge.com/ca
    -   To view the MOU please visit:
        http://files.newswire.ca/824/Copy_of_Signed_MOU.pdf

    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available at
    http://photos.newswire.ca. Images are free to accredited members of the
    media/
    

SOURCE General Electric Canada Inc.

For further information: For further information: Leigh-Ann Popek, Minister's Office, (416) 325-0362; Kim Warburton, VP Communications/Public Affairs, GE Canada, (416) 561-8316

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