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24. August 2007

GE Inspection Technologies to Acquire Phoenix/X-Ray

GE Inspection Technologies has signed a definitive agreement to acquire phoenix|x-ray, a leader in high-resolution computed tomography (CT) / X-ray technology used in non-destructive testing (NDT) applications. The transaction will be completed upon receipt of regulatory approvals. Terms of the deal were not disclosed.

GE Inspection Technologies' acquisition of phoenix|x-ray broadens GE's non-destructive testing offerings, adding innovative 3D computed tomography, micro- and nano-technology systems to GE Inspection Technologies' current non-destructive testing portfolio. This expanded technology suite will serve a wide variety of GE's customers in the aerospace, power generation, oil & gas, automotive, industrial and microelectronics industries.

"Phoenix|x-ray has a strong reputation in the non-destructive testing world and is a highly complementary addition to GE Inspection Technologies' X-ray product line," said Caroline Reda, President & CEO of GE Inspection Technologies. "The acquisition will enhance GE's technology in X-ray testing machines, adding CT capability that has a much finer resolution than our current GE technology. This resolution capability for metal and composite imaging is integral to our mission to provide customers with a broad portfolio of high-tech and valuable non-destructive testing solutions."

Phoenix|x-ray is a manufacturer of high-resolution 2D X-ray inspection systems and 3D computed tomography systems for non-destructive testing. Since its inception in 1999, phoenix|x-ray has grown to employ a global staff of more than 100 employees. The company's headquarters, including production, research and development, are located in Wunstorf, Germany. Additional service centers are located in Stuttgart, Munich, St. Petersburg (USA) and Manila (Philippines). For more information, visit www.phoenix-xray.com.

About GE Inspection Technologies

GE Inspection Technologies is a leading innovator in technology-driven inspection solutions that deliver productivity, quality and safety to our customers. The company designs, manufactures and services radiographic, ultrasonic, remote visual inspection and eddy current equipment to inspect, monitor and test materials and equipment without disassembly, deforming or damaging them. Its products are used in a wide range of industries, including Aerospace, Power Generation, Oil & Gas, Process and Automotive. The company has 11 application centers around the globe and offers a range of services including repair, on-site RVI inspection services, calibration, training and upgrades. GE Inspection Technologies has 1,300 employees at more than 25 facilities in 25 countries worldwide. To learn more about GE Inspection Technologies visit www.ge.com/inspectiontechnologies

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