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"GE Fanuc was one of only 19 companies that we believe is consistently striving to change the manufacturing-technology landscape with the highest level of industry expertise, the widest array of products and services, and a continued commitment to technological innovation," said Peggy Smedley, editorial director of Start. "We are truly proud to recognize GE Fanuc, and we believe that it is well on track to fulfill the goal that it set out to achieve this past year. As our list reveals only a handful of companies have been able to persevere and even prosper like GE Fanuc this past year."

According to the magazine, Start's editorial team selected GE Fanuc for this designation because the company has introduced significant technological advances for manufacturers during the past year, in spite of the challenging and turbulent economic climate. Additionally, GE anuc has successfully changed to a solutions-based company under the leadership of new President and CEO Charlene Begley.

"It is a great honor to receive the designation of 'Hot Company' from Start magazine, a leading industry publication, and be recognized for our strong ability to help manufacturers increase competitiveness and drive out cost," Begley said. "With our new solutions focus, we are combining the two leading initiatives at GE - Six Sigma and Digitization - which have helped the company save billions of dollars and maintain a global leadership position. Manufacturers can now tap the expertise of one of the largest companies in the world and take advantage of our proven methods to bring products to market faster, raise quality, reduce inventory, and generate a higher return on investment."