Strategic Alliance
High-Tech Division

GES PARTNERSHIP

In 2003 GE Global Electronics Services selected Thomas Industries as their exclusive auction services provider for selling used semiconductor and electronics equipment. Since this time the alliance has conducted webcast, online and onsite auctions in over 35 different countries across the globe, with gross sales in excess of $1 Billion.

San Diego, CA GE Commercial Finance, Global Electronics Services (GES) is a global leader in equipment lifecycle management, and Thomas Industries a worldwide full-service auction and appraisal firm. The strategic agreement has enabled the group to provide equipment remarketing and auction services at the highest level to semiconductor and electronics manufacturers.

This agreement has provided customers with a simple and comprehensive solution for global equipment remarketing and auction services. GES’s deep-domain expertise in electronic manufacturing equipment, coupled with Thomas Industries proficiency in auction services, offers a compelling and unique value proposition to customers.

Thomas Industries has maintained the latest technologies in conducting online and live webcast auctions, which enables GES to offer their customers expanded services to efficiently remarket their surplus assets, which improves their cash flow and helps optimize valuable factory floor space.

With over 75 years of combined auction experience, the alliance is able to provide unparalleled resources and services that are unmatched by the competition. State-of-the-art remote access web servers allow our equipment sales personnel, whom are located throughout the world, to quickly upload photos and nomenclatures to our 24/7 online auction store. Once the equipment hits the database our proprietary customer matching system automatically queries a want list and notifies the appropriate perspective buyers of the equipment availability.

GE Commercial Finance, Global Electronics Solutions, headquartered in San Diego, California, is the leading global expert in delivering customized asset management services (Acquire, Use, RemarketSM) to electronics manufacturers of semiconductor fabrication (FAB), automated test equipment (ATE), printed circuit board assembly (PCA) and flat panel display (FPD) equipment. Through its worldwide network, GES provides a host of flexible financing and leasing solutions, product insights and market intelligence, as well as efficient remarketing services that reduce customer risk and increase their return on investment. For more information, visit http://www.geelectronicsweb.com.

GE Commercial Finance, which offers businesses around the globe an array of financial products and services, has assets of over $190 billion and is headquartered in Stamford, Connecticut.

General Electric (NYSE: GE) is Imagination at Work, a diversified technology, media and financial services company focused on solving some of the world's toughest problems. GE serves customer in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit http://www.ge.com.