General Electric and FANUC LTD. Celebrate Joint Venture's 20-Year Anniversary

Business Wire, June 14, 2007

Successful Partnership Going Strong With World-Class Solutions That Deliver Value For Customers

CHARLOTTESVILLE, Va. -- GE Fanuc Automation, a unit of GE Industrial, today celebrates the 20th anniversary of the Joint Venture between General Electric and FANUC LTD of Japan. The occasion will be marked by a commemoration on the grounds of GE Fanuc Automation headquarters in Charlottesville, Virginia, attended by employees, executives from the two companies, local government officials, and honored guests who have participated in the joint venture since its inception.

"Thanks to the vision, foresight and wisdom of Dr. Seiuemon Inaba and Mr. Jack Welch, what began 20 years ago as a joint venture of two automation companies has grown into a hugely successful business," said Maryrose Sylvester, President and CEO of GE Fanuc Automation. "This business continues to find new ways to enhance our customers' performance by providing solutions that improve their products and operations with our leading Automation, CNC and Embedded portfolio."

GE Fanuc is a worldwide leader in CNC solutions, automation hardware and software, and embedded systems technology. The growth trajectory of the business continues to accelerate with the recent acquisition of some of the best companies in the Embedded solutions industry, which are now driving the technology of the future for defense & aerospace, communications, industrial automation, transportation, medical equipment and many other industries.

"Growth and customer value are two ways that great businesses stand apart and GE Fanuc has certainly exhibited its ability to grow and deliver value for its customers," said Lloyd Trotter, Vice Chairman of GE and President & CEO of GE Industrial. "GE Fanuc has grown from a small business working to define its technology and new product plans to a strong, vibrant business launching new products and leading the industry in improving our customers' productivity with the best automation technology and services worldwide."

The full spectrum of GE Fanuc solutions offer customers the ability to enhance the quality of their products, control costs and reduce waste, maximize efficiency and leverage existing investments. Customers in such industries as life sciences, consumer products, automotive and infrastructure, look to GE Fanuc for a broad array of open, scaleable hardware and software technologies designed to help them optimize operational and business performance.

"GE Fanuc has enjoyed steady growth in all product areas, including CNCs, hardware and software, throughout the long relationship between General Electric and FANUC," said Dr. Eng. Seiuemon Inaba, Honorary Chairman of FANUC LTD. "GE Fanuc Automation is expected to grow even more thanks to its newly-acquired Embedded Systems business units."

In celebrating the success of the joint venture, GE Fanuc also recognized more than 200 employees who have 20-plus years of service to GE Fanuc.

About GE Fanuc Automation

GE Fanuc Automation Corporation, a joint venture between General Electric (NYSE:GE) and FANUC LTD of Japan, delivers automation hardware and software designed to help users reduce costs, increase efficiency and enhance profitability. With solutions and services for virtually every industrial segment, GE Fanuc Automation provides a diverse array of capabilities and products, including controllers, embedded systems, advanced software, motion control, CNCs, operator interfaces, industrial computers, and lasers. Headquartered in Charlottesville, VA, GE Fanuc Automation is a part of GE Industrial and combines the diverse global strengths of the GE family with the local presence customers need to design, develop and maintain their automation investments.

For more information: www.gefanuc.com or: GE Fanuc Information Center, P.O. Box 8106, Charlottesville, VA 22906, (800) GE FANUC (800-433-2682), Fax: 434-978-5205, gefanuc@gefanuc.com.