Resolves Previously Reported Wind Turbine Patent Disputes in their Entirety

Boston, MA – March 31, 2023 – GE today issued the following statement regarding its previously reported wind turbine technology patent disputes with Siemens Gamesa Renewable Energy S.A.:

“GE and SGRE have reached an amicable settlement of all their wind turbine technology patent disputes in the United States and Europe on confidential terms and have granted each other and their respective subsidiaries worldwide cross licenses under the asserted patent families, for the life of those patent families.”

The terms of the settlement are confidential. GE does not plan to comment further on this topic.

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