Invensys Wins First Comprehensive Long-Term Automation Maintenance Contract with Sinopec's SPC Group in China.

FOXBORO, Mass. -- Broad support agreement across entire Foxboro automation product line applies to multiple refining, chemical and textile business units in Sinopec Shanghai Petrochemical Company Ltd.

Invensys Process Systems has been awarded a long-term maintenance contract with Sinopec Shanghai Petrochemical Company, Ltd. (SPC), one of the largest subsidiaries of China Petroleum and Chemical Corporation (Sinopec). The new agreement, the first of its kind between SPC and an automation vendor, covers the full Foxboro line of I/A Series control systems products.

Three SPC business units are initially included in the agreement - oil refining, chemicals and terylene polyester production. Invensys Process Systems China will provide a combination of remote and on-site services including online patrol site device check, annual on-site device check, emergency hardware replacement, emergency/routine hardware repairs, emergency site technical support, site training and other services.

The broad-reaching maintenance agreement, which will renew annually for the life of the Foxboro equipment covered, represents a new approach to service for SPC. The agreement offers simplified administration, services value, and comprehensive service performance for SPC, and it builds on their extensive experience with Invensys process automation systems implementations.

Invensys Process Systems China has been an automation supplier to multiple Sinopec Shanghai Petrochemical Company Ltd. business units for more than 20 years.

About Invensys Process Systems in China

Invensys Process Systems, a business unit of Invensys plc, provides products, services and solutions for the automation and optimization of industrial process plants. In addition to its rapidly expanding Global Solutions group, Invensys Process Systems includes industry-leading brands such as Foxboro, Triconex, SimSci-Esscor, Wonderware, and Avantis, whose products are installed in more than 100,000 plants across the world. These range from small hybrid and batch plants to the world's largest upstream projects, refineries, gas plants, petrochemicals plants, power plants, and pulp and paper mills.

With the formation of the Shanghai-Foxboro Company Limited (SFCL) in 1982, Foxboro became the first major American manufacturer to establish a joint venture in China. Today, SFCL manufactures a wide variety of state-of-the-art automation products at its factory in Shanghai for both domestic use and export purposes. In 1991, SFCL became the first company in China to be certified under the stringent ISO 9001 international quality standard.

SFCL has implemented state-of-the-art process control systems in hundreds of different world-class industrial facilities throughout China. These include offshore production platforms, oil refineries, petrochemical plants, electric power generation plants, steel mills, cement plants, float glass plants, pharmaceutical plants, and food processing plants.

To be able to better meet the Chinese industrial market's requirements for comprehensive and well-integrated automation solutions, Invensys this year formed Invensys Process Systems China, which consolidates the operations of SFCL, Triconex, SimSci-Esscor, and Avantis. Invensys Process Systems China offers the most comprehensive portfolio of automation products and services available from a single company. To complement this market presence, Invensys Process Systems China has recently opened a new technology center in Beijing.

The Invensys Group (www.invensys.com) is made up of five businesses: Process Systems, APV, Eurotherm, Rail Systems and Controls. The Group is headquartered in London and is listed on the London Stock Exchange, with approximately 30,000 employees working in 60 countries.