GE Security and XceedID Corporation to Offer Contactless Security Products

GOLDEN, COLORADO – March 29, 2004 – Today, XceedID Corporation announced that it will work with GE Security, part of GE Infrastructure, to offer next-generation contactless smart card and reader products to the security industry.

XceedID and GE Security, along with other industry leading security companies, will offer a range of contactless products and work together toward establishing an open protocol standard for contactless smart cards.

XceedID and GE Security recently agreed on a contactless technology platform and product content. GE Security will market and sell products through its traditional channels and XceedID will market and sell products through traditional access control manufacturers and other well-positioned companies in alternate vertical markets.

“We are thrilled to work with GE Security on next-generation contactless technology. In addition to being a world leading company, GE Security is a major force in the security industry and in cards and readers. We both have a commitment to offering innovative high technology products,” said John Menzel, President and CEO of XceedID. “XceedID will continue to develop partnerships with other industry leading companies as we look to bring contactless technology and an alternative supply source to the security market.”

About GE Infrastructure - Security

GE Security, Inc., part of GE Infrastructure, is a wholly owned subsidiary of the General Electric Company (NYSE: GE) focused on communication and information technologies for security, safety and lifestyle enhancements. GE Security has operations in more than 30 countries and is represented by some of the best-known brand names for intrusion and fire detection, access and building control, video surveillance, explosive and drug detection, key management and structured wiring. For more information about GE Security and our product offerings, please visit www.GE-Security.com.