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

Datastream 7iTM and iProcureTM Enhance GE Fanuc Collaborative Manufacturing Solutions

CHARLOTTESVILLE, V.A., 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 7iTM and iProcureTM 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.

Conference Call
GE Fanuc and Datastream will host a conference call today at 2:00 p.m., EST, with any and all interested persons to review the agreement. Please dial 1-800-997-8642 and ask for the GE Fanuc/Datastream teleconference. For international callers, the dial-in number is 1-973-694-2225. The replay will be available from 4:00 p.m., EST, on February 14, 2002 until 11:59 p.m., EST, on February 19, 2002. The dial-in number for the replay is 1-800-428-6051 and the pass code is 232674. For international callers, the dial-in for the replay is 1-973-709-2089 and the pass code is 232674.

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 7iTM, the company's flagship enterprise asset management solution, and Datastream's integrated procurement network, iProcureTM. 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.