Gefanuc completes the acquisition of SBS Technolog

GE Fanuc completes the acquisition of SBS Technology Co., Ltd.

on June 7, 2006, GE Fanuc embedded system department under GE announced that it had successfully completed the acquisition of SBS Technology Co., Ltd. located in Albuquerque, New Mexico. The combination of SBS technology company and GE Fanuc embedded system department has formed a wide coverage in the field of embedded systems, providing a broader product line, from embedded boards in different bus forms, bus architecture and structure to fully integrated systems that can be used in various environments

according to this transaction, SBS technology's shareholders will receive a cash payment of US $16.50 per share

maryrose Sylvester, President and CEO of GE Fanuc, said: "This acquisition of GE Fanuc embedded systems is a strategic move, which gives us the opportunity to provide services to a variety of customers, including communications, government departments/aviation, medical, semiconductor, industrial and military systems. The merger of the two companies will have a growth significance in key product areas in both depth and breadth

. In addition, SBS Technology Co., Ltd. has made great achievements in European and Asian markets, which has been GE Fanuc's embedded systems division, which has a presence in these regions, is the icing on the cake. "

"the merger of SBS Technology Co., Ltd. and GE Fanuc embedded system department, which originally had a wide range of products, has brought us a dynamic development opportunity that is also proportional to the elastic transformation. I believe that this merger will eventually bring industry-leading technologies and products." Sylvester went on

sbs Technology Co., Ltd. has withdrawn from circulation at the closing of NASDAQ market on June 6, 2006, and has been removed from the listed securities. Once this is implemented, the clearing agent designated by GE Fanuc embedded system department will explain to all recorded shareholders of SBS Technology Co., Ltd. how to hand over the shares of SBS Technology Co., Ltd. in exchange for cash of $16.5 per share, but there is no red profit. Record shareholders should wait for the news before selling their shares. Shareholders who hold shares through banks or stock brokers do not have to make any response to the exchange of shares for cash, because this conversion will be completed by banks or stock brokers

about GE Fanuc embedded system department

ge FANUC embedded system company is subordinate to GE Fanuc Automation Co., Ltd., which is a joint venture between GE and Fanuc Corporation of Japan. It is committed to providing users with automation hardware and software, helping them reduce costs, improve efficiency and enhance their profitability. With its solutions and services applicable to almost all industrial sectors, GE Fanuc automation provides a wide range of products, including controllers, embedded systems, advanced software, motion control, CNCs, operator interfaces, industrial computers and lasers. GE Fanuc automation company, headquartered in Charlottesville, Virginia (VA), belongs to ge industrial systems group. It integrates the diversified advantages of Ge family in the world and strives to meet the needs of local customers in the design, development and maintenance of automation investment

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or contact: GE Fanuc embedded system department, 12090 South Memorial Avenue, Huntsville, Alabama (al 35803), USA

: (800),

Fax: (256) the development of lightweight vehicles is an urgent need to realize China's low-carbon economy.

e-mail: beddedsystems@.

about GE Fanuc automation

ge FANUC automation is a joint venture between GE and Fanuc Corporation of Japan. It is committed to providing users with automation hardware and software, helping them reduce costs, improve efficiency and enhance their profitability. With its solutions and services applicable to almost all industrial categories, GE Fanuc automation provides a wide range of products, including controllers, embedded systems, advanced software, motion control, CNC, operator interfaces, industrial computers and lasers (4) start-up experimental machines. GE Fanuc automation company, headquartered in Charlottesville, Virginia (VA), belongs to ge industrial systems group. It integrates the diversified advantages of Ge family in the world and strives to meet the needs of local customers in the design, development and maintenance of automation investment