New York City, NY. – March 13, 2014 – GE (NYSE:GE) today announced a partnership with Local Motors, the open-source hardware innovator, to launch a new model for the manufacturing industry. The partnership will pair co-creation and micromanufacturing to build and commercialize the next evolution of various GE products. Focused on speeding the time from mind to market, the partnership will leverage advanced manufacturing processes and an open innovation approach to engineering—delivering benefits for consumers and enterprise alike.
The partnership will source collaborative ideas online from a community of engineers, scientists, fabricators, designers and enthusiasts who will focus on identifying market needs and solving deep engineering challenges to unlock breakthrough product innovations. As part of the partnership, a new microfactory – a specialized facility focused on prototyping and producing a small batch of products at a rapid pace – will be established where community ideas will be built, tested and sold.
The first set of projects will focus on GE Appliances and the future of cooking, inviting community members to submit and discuss ideas to improve the performance of select major kitchen appliances. The first product is expected to be available to U.S. consumers by late innovative products and industrial solutions to market 2014. Looking to the future, GE will evaluate applications of this business model across the company’s other business units. For more information, please visitwww.firstbuild.com.
See on localmotors.com