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Process Industry Leaders Attend AspenWorld 2002

10/28/02

International conference focuses on strategies to drive process profitability

WASHINGTON, Oct 28, 2002 /PRNewswire-FirstCall via COMTEX/ -- Aspen Technology, Inc. (Nasdaq: AZPN) today welcomes more than 2,000 business and technical leaders to Washington, D.C. for the opening of the AspenWorld 2002 conference. Executives from the world's top process industry companies are attending the biennial conference to explore the latest technology strategies for improving enterprise profitability. The international conference extends from October 28 through November 1, and features an impressive array of leading speakers including Jack Welch, former CEO of General Electric.

"AspenWorld 2002 offers an unparalleled opportunity for process industry leaders to share knowledge and experience, and to explore our theme of 'driving process profitability'," said David McQuillin, President and CEO of AspenTech. "The conference provides an open forum for discussing the unique economic challenges the process industries face, as well as highlighting the breakthrough solutions that companies are using to maximize profit opportunities."

Highlights of the conference plenary session include a question-and-answer period with Mr. Welch moderated by Geoffrey Colvin, editorial director, Fortune magazine, and presentations by Arnold Allemang, Executive Vice President and Director of The Dow Chemical Company, and John Hohnholt, Senior Vice President of Valero Energy Corporation. Other key plenary speakers include noted industry analysts representing AMR Research, ARC, Forrester and Gartner, plus AspenTech's founder and Chairman Larry Evans, and its new CEO David McQuillin.

A significant number of the world's leading process industry companies are speaking at AspenWorld 2002, including presentations from executives of BP, Baxter Bioscience, Bayer, CITGO, ChevronTexaco, Dow Chemical, DSM, DuPont, Eli Lilly, Fluor, Merck, Samsung General Chemicals, SINOPEC, Southern Company and Swift and Co..

In total, the conference includes over 100 sessions on key technology and industry issues, containing almost 500 presentations. There are dedicated tracks for the major process industries of chemicals, petroleum, pharmaceuticals, power and utilities, and pulp and paper, plus sessions addressing the latest enabling technologies and business innovations.

A showcase area provides the focus for 150 interactive presentations and demonstrations of AspenTech's latest engineering and manufacturing/supply chain technologies. The demonstrations include the company's Enterprise Operations Management solutions, which enable process companies to achieve operational excellence by optimizing the way they engineer and run their enterprise's manufacturing and supply chain operations.

About AspenTech

Aspen Technology, Inc. is a leading supplier of enterprise software to the process industries, enabling its customers to increase their margins and optimize their business performance. AspenTech's engineering solutions, including Hyprotech's technologies, help companies design and improve their plants and processes, maximizing returns throughout their operational life. AspenTech's manufacturing/supply chain solutions allow companies to run their plants and supply chains more profitably, from customer demand through to the delivery of the finished products. Over 1,200 leading companies rely on AspenTech's software every day to drive improvements across their most important engineering and operational processes. AspenTech's customers include: Air Liquide, AstraZeneca, Bayer, BASF, BP, ChevronTexaco, Dow Chemical, DuPont, ExxonMobil, GlaxoSmithKline, Lyondell Equistar, Merck, Mitsubishi Chemical, Shell and Unilever. For more information, visit http://www.aspentech.com.

Certain paragraphs of this press release contain forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statement using the term "will," "should," "could," "anticipates," "believes" or a comparable term is a forward-looking statement. Actual results may vary significantly from AspenTech's expectations based on a number of risks and uncertainties, including: AspenTech's lengthy sales cycle which makes it difficult to predict quarterly operating results; fluctuations in AspenTech's quarterly operating results; AspenTech's dependence on customers in the cyclical chemicals, petrochemicals and petroleum industries; AspenTech's need to hire additional qualified personnel and its dependence on key current employees; intense competition; AspenTech's dependence on systems integrators and other strategic partners; changes in the market for e-business solutions for AspenTech's customers; increased governmental regulation and taxation of e-commerce and the Internet; information security and privacy concerns relating to e-commerce; and other risk factors described from time to time in AspenTech's periodic reports and registration statements filed with the Securities and Exchange Commission. AspenTech cannot guarantee any future results, levels of activity, performance, or achievements. Moreover, neither AspenTech nor anyone else assumes responsibility for the accuracy and completeness of any forward-looking statements. AspenTech undertakes no obligation to update any of the forward-looking statements after the date of this press release.

AspenTech and the aspen leaf logo are trademarks of Aspen Technology, Inc., Cambridge, Mass.

     Contacts:

     For Media:
     Peter Watt                    Carin Warner
     Aspen Technology, Inc.        Warner Communications
     +44 1223 819-752              (978) 526-1960
     peter.watt@aspentech.com      carin@warnerpr.com

     For Investors:
     Joshua Young
     Aspen Technology, Inc.
     (617) 949-1274
     joshua.young@aspentech.com

SOURCE Aspen Technology, Inc.

CONTACT: For Media: Peter Watt of Aspen Technology, Inc., +44 1223 819-752, peter.watt@aspentech.com; or Carin Warner of Warner Communications, +1-978-526-1960, carin@warnerpr.com; or For Investors: Joshua Young of Aspen Technology, Inc., +1-617-949-1274, joshua.young@aspentech.com

URL: http://www.aspentech.com