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GE Hitachi Signs Memorandum of Understanding with Hanoi University of Science and Technology

Strategic MOU Includes Exchange Program with Nuclear Experts Guest Lecturing and Students Interning at GE Hitachi Global Headquarters

HANOI, Vietnam – September 23, 2014 – Less than a week after its latest reactor design was certified by the Nuclear Regulatory Commission, GE Hitachi Nuclear Energy (GEH) today signed a Memorandum of Understanding (MOU) with Hanoi University of Science and Technology (HUST) to cooperate in the field of nuclear engineering and technology.

The signing is part of a larger MOU between GE and HUST to collaborate to enhance training opportunities and develop highly qualified human resources in the fields of science and technology. GEH Senior Vice President, Nuclear Plant Projects, and Chief Operations Officer Jay Wileman joined several GE executives, including GE Vice Chairman John Rice for the signing ceremony on the HUST campus.

“We look forward to introducing HUST students to the nuclear industry and providing them with practical and challenging work experiences,” Wileman said. “This agreement is an example of GEH's philosophy of leveraging local expertise and building infrastructure in nations adopting nuclear power.”

The agreement signed by GEH and HUST will benefit the faculties of Mechanical, Electrical and Nuclear Engineering. The memorandum sets out the provision of work experience opportunities for undergraduate and graduate students via internship programs at GEH's facilities to introduce them to the nuclear industry and technologies, as well as general business practices and commercial concepts to enhance their professional development. Both parties also agreed to hold technical lectures and seminars on boiling water reactor technology and other issues.

The program is modeled after several other successful educational curriculums developed for students from other nations including Poland and Finland. The first internships are planned for 2015 when approximately 10 HUST students will spend the summer at GE Hitachi's world headquarters in Wilmington, NC.

GE Hitachi Signs MOU with Hanoi University of Science and Technology
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Vietnam is planning to build more than 10,000 megawatts of nuclear generating capacity by 2030. As the provider of the world's safest reactor technologies, GEH believes it is ideally positioned to help Vietnam meet its rapidly growing energy demands. Just last week the U.S. Nuclear Regulatory Commission certified the design of the Economic Simplified Boiling Water Reactor (ESBWR).

With its advanced, true passive safety systems, the ESBWR is the world's safest approved nuclear reactor design, based on core damage frequency. The reactor can cool itself for more than seven days with no on or off site AC power or operator action, uses approximately 25 percent less pumps and mechanical drives than reactors with active safety systems and offers the lowest projected operating, maintenance and staffing costs in the nuclear industry on a per-kilowatt basis.

About GE Hitachi Nuclear Energy

Based in Wilmington, N.C., GEH is a world-leading provider of advanced reactors and nuclear services. Established in June 2007, GEH is a part of a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry. The nuclear alliance executes a single, strategic vision to create a broader portfolio of solutions, expanding its capabilities for new reactor and service opportunities. The alliance offers customers around the world the technological leadership required to effectively enhance reactor performance, power output and safety.

For more information contact:

Jon Allen
GE Hitachi Nuclear Energy
+1 910-263-4038
jonathan.allen1@ge.com