GE Industrial Systems and Datastream to Offer Intergrated Asset Lifecycle Management Solutions | Automation.com

GE Industrial Systems and Datastream to Offer Intergrated Asset Lifecycle Management Solutions

CHARLOTTESVILLE, VA., and GREENVILLE, S.C. * Feb. 14, 2002 * GE Fanuc Automation North America, Inc., an affiliate of GE Industrial Systems, and Datastream Systems, Inc. (Nasdaq: DSTM), a leading provider of asset lifecycle management (ALM) solutions, today announced an agreement to deliver integrated ALM solutions globally. The new agreement brings together the proven software and service capabilities of Datastream with the e-manufacturing systems, business expertise and worldwide customer support of GE Fanuc.

Under the agreement, GE Fanuc will offer globally Datastream 7i(tm) and iProcure(tm) as its exclusive asset management component for GE Fanuc's collaborative manufacturing solutions. GE Fanuc will market this solution as CIMPLICITY® Enterprise Asset Management. GE Fanuc also obtains the exclusive rights to offer Datastream 7i and iProcure globally to GE and select industry segments, including automotive original equipment manufacturers, power and energy generation companies and medical facilities.

"After a thorough review of available offerings, GE Fanuc selected
Datastream 7i because of its proven Web architecture, depth of functionality and ability to seamlessly integrate with iProcure, Datastream's industrial procurement network," said GE Fanuc Vice President Kevin Roach. "By teaming with Datastream, GE Fanuc enhances its customer-focused collaborative manufacturing solutions, linking capital equipment maintenance strategies with real-time production. This alliance will allow the global manufacturing community to tightly close the loop between equipment performance and machine status for greater productivity and decreased costs of downtime."

GE Fanuc believes that Datastream 7i is the industry's only proven
Web-architected asset lifecycle management solution that provides customers with leading edge technology, functionality and ease-of-deployment and administration. Datastream 7i is available as a hosted application and is fully integrated with iProcure, one of the world's largest automated industrial procurement networks. "This agreement represents an important endorsement of our core products and our ability to execute," said Larry
Blackwell, president, CEO and chairman of Datastream Systems. "The global offering of our products by GE Fanuc will provide Datastream access to a large, worldwide sales and marketing team, and deliver an important competitive advantage to accelerate our growth."

GE Fanuc offers a range of collaborative manufacturing solutions that provide capabilities from supply chain execution to Six Sigma-based quality management. With this new agreement, GE Fanuc can integrate Datastream's software into these solutions, in combination with the popular CIMPLICITY® suite of software products, to supply turnkey enterprise-wide manufacturing
systems and support.


About Datastream Systems, Inc.
Datastream Systems, Inc. (Nasdaq: DSTM) provides asset lifecycle management software and services that help companies maximize the return on investment in capital assets. Through the Datastream Network, Datastream customers are able to access products, services and alliances to automate the evaluation, purchase, tracking, management and disposal of capital assets. The Datastream Network includes Datastream 7i(tm), the company's flagship enterprise asset management solution, and Datastream's integrated procurement network, iProcure(tm). Founded in 1986, Datastream has customers in 129 countries. Datastream products and services are in use by
more than 65 percent of the Fortune 500. For more information, please visit www.datastream.net.

About GE Fanuc Automation
GE Fanuc Automation North America, Inc. is a leading global supplier of collaborative manufacturing solutions and is a joint venture between GE and FANUC, Ltd. of Japan. GE Fanuc products and services include CIMPLICITY® manufacturing enterprise-wide software, nano to high-end PLCs, a wide range of CNCs, motion control systems, operator interfaces, industrial computers, CO2 and YAG lasers, and a wide range of integration and customer support
services. Headquartered in Charlottesville, Va., GE Fanuc is part of GE Industrial Systems. For more information, visit www.gefanuc.com.

About GE Industrial Systems
GE Industrial Systems is a $6 billion global leader in manufacturing
products used to distribute, protect and control electrical power and equipment, and supplying product and service solutions for commercial, industrial, residential and utility applications. GE Industrial Systems is one of GE's major businesses.

CIMPLICITY is a registered trademark of GE Fanuc Automation North America, Inc. Datastream, iProcure and Datastream 7i are marks of Datastream Systems, Inc. or its subsidiaries. All other trademarks are the property of their respective owners.

This press release contains forward-looking statements, including those made by Mr. Blackwell, that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to: the ability of Datastream to sell larger and more complex software solutions; the ability of Datastream to successfully transition to the development of further Internet-based products; Datastream's ability to
successfully implement an application service provider business model; increasing competition in the markets in which Datastream competes; the ability of Datastream to enhance its current products and develop new products that address technological and market developments; the stability of certain of the Datastrean's strategic relationships, including those with suppliers of maintenance, repair and operations parts; and other risk factors listed from time to time in Datastream's SEC reports, including, but
not limited to the "Risk Factors" contained Datastream's Report on Form 10-K for the fiscal year ended December 31, 2000. With respect to the forward-looking statements contained in this news release, Datastream seeks the protections afforded by the Private Securities Litigation Reform Act of 1995.

The companies do not have, and expressly disclaims, any obligation to release publicly any updates or any changes in the Company's expectations or any changes in events, conditions or circumstances on which any forward-looking statement is based.
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