GE Fanuc Automation Completes Acquisition of Intellution
Award-winning technology helps customers increase productivity, quality and ROI

CHARLOTTESVILLE, Va- November 5, 2002-  GE Fanuc Automation North America, Inc., an affiliate of the General Electric Company (NYSE: GE), today announced that it has completed its acquisition of Intellution, Inc., formerly a division of Emerson Process Management, an Emerson (NYSE: EMR) business. Intellution is a leading supplier of industrial automation software, with more than 185,000 installations around the world.

The business, which will become known as GE Fanuc Intellution, is based in Foxborough, Mass., and will operate as an integral part of the GE Fanuc Global Solutions Business. Terms of the transaction were not disclosed.

Using award-winning technology, Intellution provides an industry-standard software platform that collects, distributes, controls and visually presents information from the plant floor throughout the enterprise, supplying customers with scalable solutions that deliver increased productivity and return on investment (ROI). Intellution also offers best-in-class global customer care for software technology support.  

 “Bringing Intellution into the GE Fanuc family supports GE’s ability to deliver world-class solutions that improve quality, reduce cycle times, increase profitability, and facilitate collaboration in the supply chain to drive customer competitive advantage,” said Charlene Begley, president and CEO of GE Fanuc. “The Intellution acquisition is part of GE’s global growth strategy and combines technologies that increase benefits to customers around the world.  The worldwide manufacturing community can anticipate exciting, new disruptive technologies, which will change and improve the way we do business.”

ARC Advisory Group Principal Analyst John Blanchard said, “Intellution is an excellent complement to GE because it brings a large installed base and extensive knowledge in the highly regulated batch process industries that include food, beverage, pharmaceutical, and fine chemicals. Intellution's strong suite of manufacturing intelligence products are also ideal for small- to medium-sized companies in these industries, while their knowledge of 21 CFR Part 11 will help in the pharmaceutical industry.”

About GE Fanuc Automation
GE Fanuc Automation North America, Inc., is a leading global supplier of automation solutions and is a joint venture between GE and FANUC, Ltd. of Japan. GE Fanuc products and services include the iFIX(r) HMI/SCADA platform, ROI-enhancing Plant Intelligence systems, CIMPLICITY(r) collaborative production management software, nano to high-end PLCs, a wide range of CNCs, motion control, operator interfaces, industrial computers, lasers, and a wide range of integration and customer support services. Headquartered in Charlottesville, Va., GE Fanuc is part of GE Industrial Systems. For more information, visit www.gefanuc.com. 

About GE Industrial Systems
GE Industrial Systems spans the globe as an industry leader in integrated industrial equipment, systems and services. The business brings to customers the latest technological products used to distribute, protect and control electrical power and equipment, and provides innovative product and service solutions for commercial, industrial, residential and utility applications. Headquartered in Plainville, Connecticut, USA, GE Industrial Systems is one of the major businesses of the General Electric Company (NYSE: GE).

For more information, visit www.gefanuc.com or contact: 
GE Fanuc Information Center, P.O. Box 8106, Charlottesville, VA 22906

Phone: (800) 648-2001, Fax: 434-978-5205, e-mail: gefanuc@gefanuc.com.

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CIMPLICITY is a registered trademark of GE Fanuc Automation North America, Inc. iFIX is a registered trademark of Intellution, Inc. 
All other trademarks are the property of their respective owners.