Progress Energy to Deploy SmartSignal Predictive Monitoring Solution to Further Improve Maintenance Operations.

CHICAGO -- SmartSignal ECM to Monitor Fleet of 130 Turbines

SmartSignal Corporation, the leading provider of predictive monitoring solutions announced today that Progress Energy (NYSE:PGN) has selected SmartSignal's early warning Equipment Condition Monitoring(TM) (ECM) software to monitor a fleet of 130 turbines located at 30 sites throughout the Southeast United States. ECM is an exception based monitoring system that helps companies increase return on assets, maximize equipment uptime, reliability and productivity.

"Our corporate objectives are to continue our record of excellent performance, concentrating on operations, customer satisfaction and safety," said Eric Northeim, Progress Energy, Tech Programs Mgr. Combustion Turbine Ops. "With SmartSignal ECM, we can focus on all three through better maintenance management and operation processes, which ultimately allow us to better serve our more than 2.8 million customers."

The ability of SmartSignal ECM to monitor a variety of OEM turbines played an important role in Progress Energy's decision to purchase the monitoring solution. SmartSignal ECM can monitor all turbine OEMs as well as balance of plant equipment.

Progress Energy first implemented SmartSignal ECM at the Hines combined cycle complex in

Spring 2004; and implemented SmartSignal ECM in three weeks at the Richmond combined cycle plant in June. SmartSignal consulted with Progress Energy on those two initial implementations; however, Progress Energy will independently deploy ECM throughout the rest of the fleet.

"Through implementing SmartSignal's ECM technology, Progress Energy has created a 'virtual' monitoring and diagnostic center that increases productivity of existing resources," said Jim Gagnard, President and CEO of SmartSignal. "As a result, Progress Energy will be able to better control maintenance expenses, improve maintenance efficiency and increase asset utilization."

About SmartSignal

SmartSignal Corporation is the leader in Predictive Monitoring Solutions. The ECM solution helps companies gain unprecedented insight into the health of critical business assets. Through real-time monitoring and prediction, companies are able to avoid catastrophic failures, increase capacity and improve overall return on assets. SmartSignal's clients include industry leaders such as Arizona Public Service, Dynegy, Delta Air Lines, Entergy and General Motors Electro-Motive Division. In 2003, SmartSignal was listed as one of The FocalPoint Group's Top 40 North American M2M Innovators and also won the prestigious Chicago Sun-Times Innovation Award. In 2004, SmartSignal was named best maintenance/modification solution by Flight International Magazine at the annual Aerospace Industry Awards. For more information visit http://www.smartsignal.com.