ESCO Technologies awarded follow-on contract by Puerto Rico Electric Power Authority

This contract provides for completion of Puerto Rico’s island-wide implementation of Automatic Meter Reading (AMR). The follow-on contract, entails delivery of 650,000 additional transponders and 150 substations, as well as ancillary equipment and services. The deliveries under this contract begin in June 2001 and will be substantially completed by June 2004.

GAITHERSBURG, Md., Dec. 13, 2000 — GE Global eXchange Services (NYSE: GE), a business-to-business Internet commerce provider, today announced that it has successfully completed a project for PECO Energy Company, enabling the Philadelphia-based natural gas and electric utility to comply with state requirements for business transactions over the Internet.

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