SOURCE: GE Security

September 17, 2007 10:36 ET

GE Security Announces ReaderKEY2, Newest Addition to RISCO Electronic Lockbox System

Latest Real Estate Electronic Lockbox Key Gives Agents Automatic, Timely Updates via the Internet

BRADENTON, FL--(Marketwire - September 17, 2007) - GE Security, Inc., a wholly owned indirect subsidiary of the General Electric Co. (NYSE: GE), today announced the availability of the new ReaderKEY2, a reliable, easy-to-use wireless lockbox key that allows real estate agents to receive automatic updates on showing activity through the Internet.

Part of the RISCO electronic lockbox system, the new ReaderKEY2 handheld device connects to a computer through a USB cable and uploads real estate showing activities to the ORIONWeb database for easy online reporting without having to read the lockbox directly.

"GE Security's launch of ReaderKEY2 is part of our commitment to developing new, integrated solutions to help real estate agents provide higher quality service to their clients," said Jeff Antrican, vice president, GE Security's commercial real estate business. "The new features included with ReaderKEY2 will allow those in the real estate sector to be more efficient and productive, giving them access to critical showing information much more quickly than in the past."

Additional ReaderKEY2 features include:

--  An easy-to-read, backlit LCD screen;
--  Customizable pin and shackle code;
--  Small size and convenient (easily fits in pocket or keychain); and
--  Optional call-before-showing features.
    

Earlier this month, 12,000 real estate agents in Salt Lake City, Utah, upgraded to ReaderKEY2.

In addition to the RISCO ReaderKEY2 system, GE's advanced technology for the real estate market includes a wide range of reliable access control solutions with integrated information services designed to help customers secure sales.

About GE's Security Business

GE Security, a wholly owned indirect subsidiary of the General Electric Company (NYSE: GE), is a leading supplier of security and life safety technologies, with operations in more than 35 countries and $1.8 billion in annual sales. GE Security offers one of the industry's broadest product portfolios, covering explosives and narcotics detection, intrusion and access control, video surveillance, key management, and fire detection. GE Security's products are used to protect people and property across a wide range of industries, including aviation, law enforcement, banking, education, healthcare, mass transit, residential and retail.

GE Security was honored with Frost & Sullivan's 2007 Global Market Leadership Award for Container Security Devices for its CommerceGuard container security solution. For more information about GE Security and our products, please visit www.gesecurity.com.

GE Security, making the world safer.

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