New Facility Will Deploy Best-in-Class Technologies to Accelerate Improvements in Every Aspect of the Manufacturing Process Including Design, Engineering, Product Development, Production, Supply Chain, Distribution and Service and Will Unlock New Productivity and Growth across GEs Power Portfolio GE Has Invested $73 Million to Date and Will Invest an Additional $327 Million across the GE Power Greenville, S.C., Campus to Boost Innovation and Accelerate the Commercialization of Development of Best-in-Class Technologies for Customers across the Globe Eighty Engineering and Manufacturing Jobs Created with the Facilitys Opening, Expected to Have a Multiplier Effect across the Supply Chain

GREENVILLE, S.C.--(BUSINESS WIRE)--GE (NYSE:GE) today celebrated the grand opening of its new state-of-the-art Advanced Manufacturing Works (AMW) in Greenville as the GE Power business continues to introduce tomorrows technologies, today. The announcement comes on the heels of GEs grand opening of its first additive manufacturing center in Pittsburgh in early April and represents the next step forward in GEs journey as the worlds premiere digital industrial company.

GE has invested $73 million in the facility to date and will invest another $327 million across the GE Power Greenville campus over the next several years to drive innovation and the faster development of best-in-class technologies that deliver more value for customers across the globe. At least 80 engineering and manufacturing jobs are being created with the facilitys opening.

GE Power President and CEO Steve Bolze was joined by South Carolina elected leaders for the grand opening of the 125,000-square-foot facility at GEs Greenville manufacturing campus. The facility broke ground in mid-2014.

"GE is leading the transformation of manufacturing in the power industry, and this facility will ignite the digital industrial revolution for our company and the industry," said Bolze. "The opening of the AMW is a pivotal moment for us. Were building a skilled workforce and culture thats devoted to delivering breakthrough innovations that deliver better, faster outcomes for our customers and unlock new productivity and growth."

The AMW is GE Powers first advanced manufacturing facility. The facility will revolutionize the way GE Power designs, creates and improves products by serving as an incubator for the development of advanced manufacturing processes and rapid prototyping of new parts for GEs energy businesses—Power, Renewable Energy, Oil & Gas and Energy Connections. New techniques and production processes developed at the facility will bring new best-in-class products to global customers quicker than ever.

Advanced manufacturing brings a convergence of the latest technologies together to transform every aspect of the production process to make new, better things, faster. Industrial innovations, from new materials science, 3-D printing (additive manufacturing) and automation to advanced software platforms and robotics are redefining manufacturing for the future.

Advanced manufacturing has a huge and growing significance worldwide. Recent research1 found that nearly 24 million people are already employed in advanced manufacturing industries in the U.S., creating about 19 percent of GDP, and that each job in an advanced manufacturing industry supports another 3.5 jobs through the supply chain.

GE started in Greenville more than 40 years ago with a 340,000-square-foot site. With the latest addition of the AMW, the site has grown close to 1.7 million square feet of factories, offices and laboratories focused on manufacturing advanced products for customers worldwide. GE has more than 3,200 employees in Greenville and has invested more than $500 million in the last five years to bolster critical manufacturing activities housed on the campus. The company has established valuable relationships with local community schools, universities and technical programs to develop new technologies and create a system to support those who are passionate about growing with the industry.

About GE Power

GE Power is a world leader in power generation with deep domain expertise to help customers deliver electricity from a wide spectrum of fuel sources. We are transforming the electricity industry with the digital power plant, the worlds largest and most efficient gas turbine, full balance of plant, upgrade and service solutions as well as our data-leveraging software. Our innovative technologies and digital offerings help make power more affordable, reliable, accessible and sustainable.

For more information, visit the company's website at www.gepower.com. Follow GE Power on Twitter @GE_Power and on LinkedIn at GE Power.

1 The workforce of the future: Advanced manufacturings impact on the global economy, April 2016, GE. Authors: John Paul Soltesz, Marni Rutkofsky, Karen Kerr, Marco Annunziata