EDEN PRAIRIE, MN– GE Capital Solutions Fleet Services was named the established company recipient of the Technology Services Award at the 2008 Tekne Awards for its Mobile Resource and Asset Use/Management via a telematics solution.

The Tekne Awards, presented by the Minnesota High Tech Association (MHTA) in partnership with Enterprise Minnesota and LifeScience Alley, annually recognize Minnesota's leading technology users and innovators. Tekne Award recipients represent a collection of industry leaders advancing Minnesota's status as a hub for technology innovation.

GE's telematics solution was chosen based on its proven demonstration of an integrated resource that provides visibility into the location and use of fleet vehicles to identify factors affecting operating costs and service delivery. As the evolving economic environment forces companies to look more seriously into telematics and optimization solutions, GE is providing its customers with solutions that deliver significant results, including consistent double-digit improvements in reduced accident rates, fuel efficiency, asset optimization, customer retention, and reduced carbon emissions.

"Now more than ever, telematics solutions give our customers the competitive advantage they're looking for in what is a very volatile and challenging environment," said Stephen Ulanoski, general manager of GE Capital Solutions Fleet Services Telematics Solutions program.

"GE Capital Solutions Fleet Services is helping to secure Minnesota's place as a center of innovation in the global economy," said Kate Rubin, president, MHTA.

Judges selected one recipient out of the three finalists in each of 17 Tekne Awards categories recognizing the best and brightest in development, education, commercialization, and management of technology. Company awards included separate categories for small and growing businesses (with annual revenues under $50 million) and established businesses (with annual revenues of $50 million or more).