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Mitsubishi Electric Makes 19.9% Equity Investment in ICONICS

Strengthening factory and process automation solutions, targeting US$130m in sales to infrastructure projects in emerging markets

Tokyo, October 5, 2011 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that Mitsubishi Electric Automation, Inc., its 100% subsidiary selling industrial automation equipment in the U.S., has made a 19.9% equity investment in the U.S. software company ICONICS to enable Mitsubishi Electric to incorporate ICONICS' supervisory-control and data-acquisition (SCADA) software in factory and process automation solutions primarily for new social infrastructure opportunities in emerging markets.

Mitsubishi Electric will also work with ICONICS to develop and market energy management and control solutions for factory and process automation applications in key emerging markets, such as China, Southeast Asia, India and Brazil, which are rapidly developing infrastructure for ground and air transportation, water and waste water treatment, building facilities and more.

The company expects sales of factory automation solutions for infrastructure projects in emerging markets to reach 10 billion JPY, or about 130 million USD, in the fiscal year ending in March 2014.