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2016-05-12

FLSmidth: FLSmidth and GE to cooperate on data platform

PRESS RELEASE -FLSmidth, leading supplier of equipment and services to the
global cement- and
minerals industries and GE, a leader in the Industrial Internet, have joined
forces to create digital solutions for increasing productivity in the cement
and minerals industries.

The new solutions developed on GE's cloud-based Predix platform will leverage
FLSmidth's expertise in cement and minerals processing and GE's Industrial
Internet of Things (IIoT) capabilities to maximize the potential of connected
equipment units, helping the cement and mining industry to increase
productivity.

FLSmidth will build their solutions on top of GE's Predix platform with
applications for managing process flows thereby allowing customers to
leverage process data and analytics for monitoring, benchmarking their
performance and predicting maintenance of their equipment.

Operating costs account for around 80% of the total cost of ownership for a
cement plant or running a mining operation, and energy is the single largest
component.
An ongoing monitoring of processes makes it possible to increase productivity
significantly.

"Cement and mining companies already collect significant volumes of data, but
currently, only a fraction of it is used. This will be the first available
solution for a full coherent process monitoring to leverage optimization
solutions offered by a full service provider like FLSmidth," explains Head of
Global R&D in FLSmidth Jens Almdal. "By connecting our control applications
with GE's platform, we can bring FLSmidth's proven expertise in resource
optimization and productivity together with GE's monitoring and data
analytics solution to create an unrivaled combination that will dramatically
improve the productivity in the cement and minerals industries."

"FLSmidth and GE are bringing together the best from two worlds, GE's digital
industrial expertise to help customers to be more productive and FLSmidth's
deep insight into processes and maintenance of cement and minerals plants.
Our collaboration will form a strong foundation for the development of a
greater digital ecosystem," says John Manison, General Manager of GE's Mining
Solutions business. The FLSmidth control applications integrated on GE's
Predix platform will be launched in Q3 2016.
-------------------------------------

Please address any questions regarding this announcement to:

* Head of Global R&D, FLSmidth, Jens Almdal, at +45 3618 2798.
* Communications Manager, GE Transportation, Catherine Heiman, at +1 814 881
2979.

For further information about FLSmidth, please visitwww.flsmidth.com.

Link to PDF
http://hugin.info/2106/R/2012080/745188.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FLSmidth via Globenewswire

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