Marine Log

June 30, 2006

New effort to set container security standards

General Electric Company (NYSE:GE) has joined Siemens, Mitsubishi Corporation, J.P. Morgan Chase, Unisys and other global companies in supporting the creation of a new container security standards organization.

The new organization, the International Container Standards Organization (ICSO), will be based in Brussels, and will work to accelerate the approval of international security standards for ocean-going cargo containers.

"GE is proud to be a founding member of ICSO," said Louis Parker, president & Chief Executive Officer of GE's security business. "ICSO will help to protect not only GE's business, but also our employees, our customers and the vital international transportation networks on which we all depend."

ICSO will be led by Dr. Christoph Seidelmann, who for more than 25 years, has served in leadership positions at the International Standards Organisation, the Bureau International des Containers et du Transport Intermodal and other international organizations. Dr. Seidelmann is recognized throughout the world for his leadership in container security standards.

"It's critical that new, promising container security technologies are put into action as rapidly as possible," said Parker. "ICSO is structured to quickly develop and create standards that will be based on current, proven technologies, yet are designed to evolve in the future."

About ICSO

ICSO is an independent, not-for-profit, standards-setting organization based in Brussels and founded by leading companies concerned about the security and efficiency of global trade. This industry-led organization develops standards to ensure interoperability of container security devices and promote common protocols to maximize their potential for use in ports and terminals around the world.

About GE's Security Business

GE Security Inc. is a wholly owned subsidiary of the General Electric Company (NYSE:GE) focused on communication and information technologies for security, safety and lifestyle enhancements. GE Security has operations in more than 30 countries and is represented by some of the best-known brand names for intrusion and fire detection, access and building control, video surveillance, explosive and drug detection, key management and structured wiring.