GE Fanuc Embedded Systems Completes Acquisition of SBS Technologies


New Entity Strengthens Expertise in Communications, Military & Aerospace, Medical and Industrial Segments and Positions Company For Growth

CHARLOTTESVILLE, VA -- GE Fanuc Embedded Systems, a unit of General Electric Company (NYSE: GE) has announced that it has completed the acquisition of SBS Technologies® (NASDAQ: SBSE) of Albuquerque, New Mexico. The integration of SBS Technologies into GE Fanuc Embedded Systems creates a broad presence in the embedded systems industry, offering an extensive line of products ranging from embedded boards in multiple form factors, bus architectures, and fabrics, to fully integrated systems available in a range of environmental grades. Under the terms of the transaction, SBS Technologies shareholders will receive $16.50 in cash for each share of SBS Technologies common stock. “Strategically, this acquisition puts GE Fanuc Embedded Systems in a great position to serve a variety of customers including those interested in communications, government/aerospace, medical, semiconductor, industrial, and military systems,” said Maryrose Sylvester, president and CEO of GE Fanuc. “The combination of the two companies provides depth and breadth in crucial product areas primed for growth. In addition, SBS Technologies has an excellent presence in Europe and Asia, adding to the team GE Fanuc Embedded Systems has in place in those regions. “The combination of SBS Technologies with the already robust product offerings of GE Fanuc Embedded Systems provides us with a dynamic growth opportunity,” continued Sylvester. “I am confident that industry-leading technology and products will be the end result.” SBS Technologies designs and builds computer boards and systems that enable sophisticated products such as industrial robots, military and commercial aircraft, MRI machines and communication networks. The company produces more than 500 electronic components that can be configured in thousands of different ways. These products include single board computers, communications and networking modules, and complete systems. SBS products are designed to open standards such as CompactPCI® (CPCI), VMEbus (VME), PCI, PCI Express®, PMC, PC/104, AdvancedMC™, and AdvancedTCA®. SBS Technologies’ single board computers are based on Intel® architecture, and PowerPC® processors. SBS Technologies common stock ceased trading on the Nasdaq at market close on June 6, 2006, and will be delisted. As soon as is practicable, a paying agent appointed by GE Fanuc Embedded Systems will send information to all SBS Technologies shareholders of record, explaining how they can surrender SBS Technologies common stock in exchange for $16.50 per share in cash, without interest. Shareholders of record should await this information before surrendering their shares. Shareholders who hold shares through a bank or broker will not have to take any action to have their shares converted into cash, since these conversions will be handled by the bank or broker.

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About GE Fanuc Embedded Systems GE Fanuc Embedded Systems is a leading global provider of embedded computing solutions for a wide range of industries and applications. Featuring a comprehensive offering that includes Intel® and PowerPC®-based Single Board Computers, networking products, avionics interfaces, rugged flat panel monitors and complete computer systems, GE Fanuc Embedded Systems can support the full range of embedded computing needs. GE Fanuc Embedded Systems is part of GE Fanuc Automation, a joint venture between GE and FANUC LTD of Japan. For more information, visit www.gefanuc.com/embedded or contact: GE Fanuc Embedded Systems, 12090 S. Memorial Pkwy, Huntsville, AL 35803, Phone: (800) 322-3616, Fax: (256) 882-0859, email: info.embeddedsystems@gefanuc.com. About GE Fanuc Automation GE Fanuc Automation, Inc. delivers automation hardware and software designed to help users reduce costs, increase efficiency and enhance profitability. With solutions and services catering to 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.

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