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Industrial Systems Web Site

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GE Industrial Systems' engineers convene in the state-of-the-art e-Boardroom to link up in real time with global team members, using e-Tools to review a new product design. Digitization is transitioning how this global business operates, from improving products and services for customers to driving increased productivity while lowering costs. GE Industrial Systems continued to deliver double-digit improvements in earnings in 2000, driven by impressive total cost productivity and moderate sales growth. Significant growth in the long-cycle segments provided a healthy backlog position for 2001. Our global growth continued at a rapid pace. We formed a new company, GE Cisco Industrial Networks, combining our strengths in factory control and automation with Cisco Systems' expertise in Internet networking to drive higher productivity on the factory floor. An international joint venture with Toshiba Corporation maximizes both companies' complementary cutting-edge capabilities in large industrial drive systems for plant automation applications. The joint venture expects to generate significant gains in productivity while providing a strengthened base for offering enhanced system engineering and customer support. GE Power Controls, our European arm, broadened its customer reach and product offerings through acquisitions. Odink & Koenderink B.V., located in the Netherlands, is a leading provider of low and medium voltage electrical distribution systems and components. Grässlin Company of Germany brought us new capabilities in the growing automation marketplace. We aggressively focused on digitization to promote productivity, profitability and convenience for customers and employees while driving down costs. For example, EliteNetSM was introduced as an exclusive business-to-business Web site connecting preferred customers directly with product and logistics information, technical specifications and productivity tools. WEB CITY, originally designed for "24x7" global product development, was expanded to become the virtual workplace for employees worldwide. We also saw rapid growth in the lucrative power quality segment serving the telecommunications, financial and Internet-based industries. Power quality orders, driven by the growth of the Internet, quadrupled, and order projections remained strong into 2001. GE Industrial Systems kicked off the new millennium demonstrating the power of its comprehensive offerings through strong performance and earnings growth. The prospect of the Honeywell acquisition in 2001 has us excited about a new era for our business—one that will bring great things to both customers and associates worldwide. www.geindustrial.com

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