GE Digital and NEC Collaborate to Drive the Digital Industrial Era Forward in Japan

GE Digital and NEC Collaborate to Drive the Digital Industrial Era Forward in
Japan

– Deploying PREDIX
for NEC’s Supply Chain Management and Industrial Solutions –

TOKYO—October 26, 2016 – GE Digital (NYSE: GE)
and NEC Corporation (TYO: 6701) announced that NEC Corporation is deploying
GE’s Predix, the world’s first cloud-based
operating system for the Industrial Internet, as part of the company’s global
supply chain improvement project. Through its use of the Predix platform, NEC will
optimize its supply chain and factory operations, with the intent to achieve a
substantial reduction in operational costs.

Predix powers the modern digital industrial businesses that
drive the global economy. Predix-based applications connect industrial assets,
collect and analyze data and deliver real-time insights for optimizing
industrial infrastructure and operations, for both GE and non-GE assets.

“GE is driving the Industrial Internet globally powered with
Predix, while leveraging NEC’s vast business experience in IT systems
development and its advanced technology capabilities in Japan,” said Takaaki
Shimizu, Executive Vice President, Chief Marketing Officer (CMO), and Member of
the Board, NEC. “NEC is providing IoT solutions for multiple
industries. In September 2016, we launched an IoT platform named ‘NEC the WISE
IoT Platform’ that is integrated with AI, big data analytics, Cloud,
cybersecurity and software-defined networking (SDN). We are convinced that NEC
can accelerate our IoT business globally by providing an array of IoT solutions
to a broader customer-base under this alliance,” Shimizu added.

“As every industrial asset would be operated as a SaaS model,
GE’s Predix will become a critical platform for our customers’ transformation,”
said Bill Ruh, Chief Executive Officer (CEO) of GE Digital. He said GE
and NEC have a rich history, dating back to both companies’ founders. “This partnership
with NEC demonstrates how two very diverse companies have collaborated to
identify a viable solution to implement a unified platform that will improve
supply chain operational efficiencies. Through this innovative cross-collaboration
with NEC, we expect to drive efficiencies, optimize operations, and reduce
millions in savings for Japanese industry over the next five years.”

In addition to the joint collaboration, NEC has also joined GE
Digital’s Alliance Program, a first of its kind program, designed to grow the
digital industrial ecosystem. Together, GE Digital and NEC are exploring ways
to achieve the following:

Build an Industrial IoT Ecosystem

·         NEC will deploy Predix for its global supply chain improvement project.
NEC is deploying Predix for
its large-scale overseas project to pursue substantial cost reduction through
supply chain optimization. Based on
NEC’s knowledge and GE’s global experience for Predix, both companies will
explore joint go-to-market initiatives.

Create New Value in
the Industrial IoT Space by Integrating Technologies of both Companies

·         NEC and GE Digital are exploring opportunities to develop and launch new
applications on Predix.io, the Predix developer portal site, by leveraging
NEC’s technology such as NEC
the WISE AI technologies, including microservice. NEC and GE intend to develop applications on Predix.

Leverage the
Support and Training Capability for Predix

·         GE and NEC are exploring the possibility of providing education and training services for Predix users. Both
companies are exploring the possibility of enabling NEC to provide post-sales
support for Predix solutions in Japan.

Develop Cyber Security Solutions in the Operational Technology
(OT) and Information Technology (IT) space

·         NEC and GE are exploring a joint go-to-market strategy for cyber
security solutions, integrating OT security technologies by GE Digital’s
Wurldtech with NEC’s IT security solutions.