Chile Selected for ABB's First Remote Services Center in Latin America

Country's Engineering Excellence Cited in Location Choice for ABB's Real-Time
Monitoring and Diagnostic Services for Critical Industrial Assets

NEW YORK and SANTIAGO, Chile, Oct. 26 /PRNewswire/ -- As Latin America's
reputation as a global services hub continues to grow, Chile's reputation as a
stable, business-friendly environment providing a highly-skilled and talented
workforce with strong engineering and technical capabilities continues to draw
global companies seeking competitive advantage at a lower risk. ABB, the
Swiss engineering and technology giant, recently chose Chile as the location
for its first remote services center in Latin America to provide real-time
monitoring, diagnostic services and technical assistance for equipment and
other critical assets and processes in mining, power generation, forestry and
other industries.

Supported by CORFO, Chile's Economic Development Agency, and its InvestChile
program, the "ABB Remote Services Control Room" is designed to improve the
productivity of remote industrial operations and increase profit margins
through continuous process monitoring and optimization. By providing
permanent supervision and preventative maintenance, the risk of equipment and
operational failures - which lead to losses amounting to millions of dollars
per year is reduced significantly.

"Chile was a natural choice for this innovative, pioneering project as the
country has established itself as a leading source for engineering services,"
said ABB's country manager in Chile, Jose Paiva. "In our time here, we have
been impressed by the scope of Chile's capabilities and strengths as a
location for global operations. In addition, we have the ability to work with
Chilean universities to further prepare future engineering talent for the
challenges we face," he said.

Staffed by Chilean engineers, the center's control room platform - based on an
"Extended Operator Workplace" tool - provides real-time monitoring of and
rapid response to performance of plants and highly sophisticated equipment in
order to ensure smooth operation and the highest rates of uptime. The
engineers are able to simultaneously monitor events, analyze data and predict
tendencies or failures in real time through sensors installed on the ground.

"We are very pleased by ABB's decision to set up this cutting-edge technology
project in Chile. With the implementation of this remote services center, the
country is strengthening its reputation as an innovation hub and platform to
export services," said Carlos Alvarez, executive vice-president, CORFO.

Large private mining companies including Minera Escondida and Collahuasi are
already utilizing the center's services.

NOTE TO EDITORS: Photos of ABB Remote Services Control Room available through
media contact.

About ABB
ABB is a global leader in power and automation technologies that enable
utility and industry customers to improve their performance while lowering
environmental impact. With operations in close to 100 countries employing over
100,000 people, ABB has had a Chilean presence of more than 1,500 employees
for fifty years.

In 2007, ABB inaugurated a local training center, collaborating with Catholic
University and University of Santiago, among others, with the aim of exposing
graduates and the universities themselves to the possibilities in cutting edge
technologies - be it through the creation of jobs or the proposal of new
curriculum. For more information, please visit www.abb.com or www.abb.cl.

About CORFO
CORFO, the Chilean Economic Development Agency, was founded by the Chilean
government in 1939 and aims to foster economic growth by encouraging
investment, innovation, business and cluster development. To date, CORFO has
aided more than 57,000 businesses and assisted in 74,000 projects with a goal
of encouraging the development of numerous industries throughout Chile. CORFO
contributes an annual average of more than $30 million to SMEs programs and
more than $38 million to high technology programs alone. For more
information, please visit www.corfo.cl.

About InvestChile-CORFO
InvestChile is an investment program created by CORFO (the Chilean Economic
Development Agency) in 2000. The program promotes Chile as a business platform
to access Latin America and the world and facilitates investment through a
series of incentives, services and comprehensive information regarding
business opportunities in various sectors of the Chilean economy. Among the
services provided, InvestChile facilitates access to business networks and
government institutions, helps investors find service providers and suppliers,
and arranges meetings with industry leaders and visits to companies. For more
information, please visit www.investchile.com.

CONTACT: Gerald Kimber White
RF|Binder Partners
gerald.kimberwhite@rfbinder.com
+1-781-455-8250

SOURCE InvestChile-CORFO

Gerald Kimber White, RF|Binder Partners, gerald.kimberwhite@rfbinder.com,
+1-781-455-8250