GE Engine Services To Acquire Unison Industries, Inc.

January 8, 2002

EVENDALE, Ohio - GE Engine Services (GEES), a division of GE Aircraft Engines has signed a definitive agreement to purchase Unison Industries Inc. The transaction, terms of which were not disclosed, will be completed upon receipt of various regulatory approvals.

Unison, a privately held company headquartered in Jacksonville, Florida, sells and services turbine ignitions, wiring harnesses, alternators, piston ignitions, sensors and switches to the aerospace and power generation industries.

"Unison and GEES share many synergies, including a commitment to quality and customer service," said George Oliver, vice president and general manager of GE Engine Services. "This acquisition is a great fit for our services business, furthering our goal of providing our customers with cost-effective solutions to improve their productivity and increase their value."

"The acquisition of Unison by GE Engine Services provides an excellent opportunity for Unison's customers and employees," said Rick Sontag, founder and president. "The combination of GE Engine Services and Unison will enhance service to our customers."

Founded in 1980, Unison is a privately owned business with six North American locations, including Jacksonville (headquarters), FL; Orange, CT; Rockford, IL; Fort Worth, TX; and Norwich, NY, and a location in Saltillo, Mexico.

Unison is a manufacturer of electrical components, sensors, and systems for aircraft, industrial, marine and space uses. Headquartered in Jacksonville, Florida, Unison operates manufacturing facilities and logistics centers worldwide. Additional information about Unison is available at http://www.unisonindustries.com.

GE Engine Services is a global provider of maintenance and support services for operators of GE and non-GE engines. In addition to overhaul and repair, GE Engine Services' solutions to the customer's maintenance needs include component repair, on wing support, and spare parts. GE Engine Services also maintains engine accessories and key aircraft accessories, provides remote diagnostics monitoring of aircraft in flight, and offers a full range of engine leasing plans. Visit GEAE online at: http://www.geae.com.