GE and Intel have announced that they've entered into a definitive agreement to form a 50/50 joint venture to create a new healthcare company focused on telehealth and independent living.
The joint venture will combine assets of GE Healthcare's Home Health division with Intel's Digital Health Group, with both companies owning an equal share. Once formed, the new company will focus on developing and marketing products, services, and technologies focused on healthy, independent living at home and in assisted living communities around the globe.
"New models of care delivery are required to address some of the largest issues facing society today, including our aging population, increasing healthcare costs and a large number of people living with chronic conditions," said Intel President and CEO Paul Otellini. "We must rethink models of care that go beyond hospital and clinic visits, to home and community-based care models that allow for prevention, early detection, behavior change and social support. The creation of this new company is aimed at accelerating just that."
Pending regulatory and otehr customary closing conditions, the two sides hope to have the joint venture completed by the end of the year.
GE claims to have developed an LED light bulb that distributes light like an incandescent bulb, but doesn't need to be changed for 17 years (4 hours per day). The bulb sips just 9 watts and provides a 77 percent energy savings, all while providing about the same light output as a 40W incandescent, GE says.
"This is a bulb that can virtually light your kid's bedroom desk lamp from birth through high school graduation," says John Strainic, global product general manager, GE Lighting. "It's an incredible advancement that's emblematic of the imagination and innovation that GE's applying to solve some of the world's biggest challenges."
The LED bulb sports a funky aesthetic, and there's good reason for that. According to GE, the fins around the side help direct light downward on the intended surface and all around rather than beam light out the top of a lampshade like most current LED bulbs do.
Look for GE's LED bulb to ship this Fall or early 2011 for around $40 to $50.
Hold the boat, Blu-ray, a breakthrough in optical storage technology could prove to be game changing, according to General Electric. GE today announced that its researchers have successfully demonstrated a threshold microholographic storage material they say can support 500GB of storage capacity in a standard DVD-sized disc. That breaks down to about 20 times the storage capacity of a standard Blu-ray disc and is equivalent to 100 regular DVDs, the company says.
"GE’s breakthrough is a huge step toward bringing our next generation holographic storage technology to the everyday consumer," said Brian Lawrence, who leads GE’s Holographic Storage program. "Because GE’s micro-holographic discs could essentially be read and played using similar optics to those found in standard Blu-ray players, our technology will pave the way for cost-effective, robust and reliable holographic drives that could be in every home."
GE's holographic storage technology makes use of the entire volume of the disc material rather than just the surface. Three-dimensional patterns represent bits of information, a process GE has been working on for over six years but has only just now turned a corner with the latest breakthrough.
So you just got a snazzy new printer, huh? Funny thing, so did GE! While they think your photo quality printer is nice, they’re much happier with theirs that prints OLED lights.
GE’s printer, which is about the size of a semi-trailer, coats an 8-inch plastic sheet with chemicals and seals it up with a layer of metal foil. Once an electric current is applied to this sheet, it lights up with a blue-white glow.
GE has been heralding the countless possibilities of these sheets. Given that they’re flexible, one could wrap them around a pillar, tack them to a wall or even make a translucent version and attach it to a window (though, nobody’s really sure why). And given that these panels provide diffused light, they’ll be much easier on the eye than current lighting technology.
Lawrence Gasman of Nanomarkets LLC, a research firm in Glen Allen, Virginia is suggesting that these OLEDs could become very common sources of lights, with sales reaching $5.9 billion by 2015.
Bob Sagebiel, the technical marketing manager for lighting at Arrow Electronics Inc. isn’t as confident in these figures though. He points out that these fixtures won’t fit into the 20 billion light-bulb sockets worldwide, and that since they’re so different from current lighting technology they may have issues being accepted. Not to mention commercial buildings would need to be rewired in order to take advantage if potentially bigger OLED panels that wouldn’t fit into existing fixtures for fluorescent tubes.
Only time will tell, but the future for this technology looks pretty bright (see what I did there?).