GE Aerospace reports news on its aircraft engine, services, and systems business, including commercial engine orders, long-term service support, maintenance, repair and overhaul investments, and digital tools used in production, supply chain, and military aircraft readiness. Coverage includes customer selections for GEnx and other GE Aerospace or CFM-powered fleets, dividend declarations, workforce-training initiatives, and governance matters involving defense-related products.
Telix Pharmaceuticals has announced a strategic agreement with GE Healthcare to integrate their investigational PET imaging radiotracers, TLX250-CDx and [18F]-FLac, into GE's immuno-diagnostic portfolio. These tracers evaluate tumor metabolism, aiding in patient selection for immunotherapy. The collaboration aims to enhance clinical research offerings, with GE responsible for marketing while Telix manages product development. This five-year agreement could significantly influence oncology treatments by improving therapy selection and monitoring.
GE Healthcare unveiled its innovative Omni Legend at the EANM Annual Meeting. This all-digital PET/CT system features a novel digital BGO detector, enhancing sensitivity by over 2 times and reducing scan times by up to 53%. The system aids in oncology, cardiology, and neurology procedures, with impressive small lesion detectability increases of up to 20%. With Precision DL and other AI-driven features, it promises operational efficiency and improved patient throughput.
Current has appointed Smart Lighting Solutions as the new representative for its HLI Brands Portfolio in Georgia. This partnership aims to enhance the specification of Current's advanced lighting and connected controls, recognized for their reliability. Smart Lighting Solutions, an established agency since 2014, operates two locations in North and South Georgia and focuses on delivering quality service in lighting systems. Current also plans to announce new representation in Northern Florida soon, indicating further growth opportunities.
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GE Healthcare has established a long-term agreement with Sociedad Quimica y Minera de Chile S.A. (SQM) to secure a reliable supply of iodine, essential for contrast media in X-Ray and CT imaging. This partnership aims to address rising global demand, targeting an additional 30 million patient doses annually by 2025. As part of the investment plan, GE Healthcare will open a $30 million manufacturing line at its Cork, Ireland facility this week, enhancing production capabilities amidst a doubling expected in iodine contrast media demand over the next decade.
GE has officially filed the Form 10 registration statement for the spin-off of its healthcare division, GE HealthCare, marking a critical step in its transformation into three standalone companies. This move aims to enhance operational focus and capability in a rapidly growing $84 billion global medical technology market. GE anticipates the completion of this spin-off in the first week of 2023, retaining a 19.9% stake in GE HealthCare. The spin-off is expected to be tax-free for shareholders, allowing GE HealthCare to concentrate on precision health innovation and serve its customers more effectively.
Current has launched new NX Lighting Controls, offering scalable and contractor-friendly solutions for lighting management. These wireless controls facilitate easy installation and commissioning, accommodating both wired and wireless configurations. Key features include energy savings, code compliance, and improved occupant comfort. The NX mobile commissioning app allows for simple device setup, while larger systems can integrate with advanced programming via the NX software suite. This portfolio aims to enhance operational efficiency for contractors and building owners.
GE Digital has been recognized as a Leader for the second consecutive year in the Verdantix Green Quadrant for APM Solutions 2022. The analysis highlighted the company's APM software as superior among competitors, achieving the highest scores in asset integrity management, reliability analysis, and maintenance optimization. A recent study showed a five-year ROI of over 290% for users of GE Digital's APM software in the Oil & Gas sector. This recognition underscores GE Digital's capabilities during the energy transition, serving over 40,000 global APM users.
GE Healthcare has received US FDA 510(k) clearance for its AIR Recon DL technology, now extended to 3D and PROPELLER MRI imaging sequences. This enhancement improves image quality, reduces scan times, and elevates patient experiences across various MRI procedures. Already used in over 3.5 million scans globally, AIR Recon DL achieves better signal-to-noise ratios and shorter exam durations. It minimizes the necessity for repeat scans, particularly beneficial for patients vulnerable to motion. This upgrade is available for existing GE MRI systems, fostering cost-effective advancements in imaging capabilities.
Current, a leading manufacturer of advanced lighting, has launched a redesigned website, CurrentLighting.com, replacing the former Hubbell C&I Lighting site. This rebranding effort aims to enhance user experience with continuous improvements planned. The new site showcases Current’s HLI Brand portfolio, including notable brands and new additions like EXO and NX Lighting Controls. Users of the previous Hubbell site are encouraged to bookmark the new URL for innovative products and solutions.