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General Electric To Invest BRL500 Million In Brazil Technology Center

RIO DE JANEIRO -(Dow Jones)- General Electric (GE) said Thursday it will invest 500 million reais ($245.5 million) in a research and development center in Rio de Janeiro. The center, which should be operational in the second half of 2013 and employ 400, will focus on development of biofuels, alternative-energy systems, intelligent systems and systems integration, said Ken Herd, GE's global research center head in Brazil at a ceremony to mark the laying of the center's foundation stone. Mark Little, a GE vice president, said the center also will develop subsea technologies together with clients including Petroleo Brasileiro SA (PBR, PETR4.BR), Statoil ASA (STO, STL.OS) and OGX (OGXPY, OGXP3.BR). "We will try to understand the specific needs of these companies," Little said. "Presalt is a major challenge for the Brazilian oil industry." In the areas of biofuels, the center will work on production and use of biodiesel in locomotives and biokerosene for aircraft, he said. The center also will study how to break down bagasse, which is used in ethanol production, to reuse its water content and produce more energy that can be sold to the grid, Little said. GE already has signed accords with Petrobras, Vale (VALE, VALE5.BR), OGX and Embraer (ERJ, EMBR3.BR) for the development of projects of interest to those companies, the executive said. -By Diana Kinch, Dow Jones Newswires; 55 21 7564 4495; Diana.Kinch@dowjones.com

Stock News for Embraer Empresa Br (ERJ)
DateTimeHeadline
03/30/201509:54:31Report of Foreign Issuer (6-k)
03/30/201507:58:20Embraer receives firm order for 17 jets
03/30/201507:27:00Embraer Sells up to 34 Additional E-Jets to Air France/KLM Group
03/30/201506:07:10Embraer Says Air France-KLM Placed Firm Order For 17 Regional...
03/27/201519:40:00Embraer files Form 20-F report for the fiscal year ended 2014
03/27/201517:07:48Report of Foreign Issuer (6-k)
03/27/201517:03:08Annual and Transition Report (foreign Private Issuer) (20-f)
03/23/201509:52:54Post-effective Amendment to a Previously Filed F-6. (f-6 Pos)
03/20/201518:13:56Bombardier breakup may be best way to gain liftoff, some analysts...
03/20/201504:14:17Better Capital Acquires CAV Aerospace
03/12/201508:04:02Is Embraer SA Feeling the Pain from Brazil?
03/11/201508:58:54Report of Foreign Issuer (6-k)
03/11/201508:49:31Embraer wins $222M order from Republic Airways
03/09/201518:21:04Embraer's (ERJ) CEO Frederico Curado on Q4 2014 Results - Earnings...
03/05/201517:30:03ADR Shares End Mixed; Aviva Shares Rise
03/05/201506:06:35Report of Foreign Issuer (6-k)
03/04/201522:40:43Embraer S.A. EPS of $0.50
03/04/201518:55:00Embraer Releases Fourth Quarter and Fiscal Year 2014 Results...
02/04/201515:55:04Amended Statement of Ownership (sc 13g/a)
02/03/201511:29:06Report of Foreign Issuer (6-k)

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