Business Services Industry
GTE and Siemens Power Generation Sign Exclusive Supply Agreement
Business Wire, Oct 17, 2007
LONDON -- Gas Turbine Efficiency (GTE) and Siemens Power Generation have signed a 3-year exclusive supply agreement under which GTE will supply, integrate, test, train and install Combustion Dynamics Monitoring Systems (CDMS).
Siemens will exclusively market, under its own name, the systems worldwide on its combustion turbine fleets. Under the agreement, each party will retain its intellectual property delivered to each other prior to signing the agreement.
The CDMS system integrates a variety of sensors, hardware and controls to create a much more effective solution on a variety of gas turbine operating issues, including:
* fuel variability & fuel quality
* emissions optimisation
* combustion tuning and fuel efficiency
* parts life extension and system protection
Steve Zwolinski, CEO of GTE, said: "GTE continues to expand its products and services portfolio with a common strategy of optimising turbine performance to lower fuel costs, equipment downtime, system reliability and the minimisation of greenhouse gas emissions."
GTE delivers technologically advanced integrated solutions for environmental, process and asset optimisation. The focus is on improved performance and availability, fuel efficiency, restoration of optimal design and parts life extension, resulting in increased profits for our clients and a cleaner environment. The Group's product and services portfolio includes advanced wash systems, performance monitoring and fluid and control systems for gas turbines.
The Power Generation Group (PG), a unit of Siemens AG, is one of the premier entities in the international power generation sector. In fiscal 2006 (which ended September 30), Siemens PG posted sales amounting to more than EUR10 billion and received new orders totaling EUR12.5 billion. Group profit amounted to EUR782 million. On September 30 2006, PG had a work force of approximately 36,400 worldwide. Further information at: www.siemens.com/powergeneration.>
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