Southern Company Implements aspenONE(TM) Performance Management Solution to Monitor Nuclear Plant Operations
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sept. 20, 2005-- Aspen Technology, Inc. (Nasdaq:AZPN) today announced that Southern Company (NYSE:SO), a major North American electrical utility, is implementing an integrated enterprise-wide Asset Management solution at its subsidiary Southern Nuclear Operating Company. This solution is based on the aspenONE(TM) Performance Management module, and will be deployed by AspenTech and its partner Queue Systems. The application, referred to by Southern Nuclear as the System and Component Engineering Interface (S&C-EI) Asset Management solution, will help the company significantly reduce maintenance costs and maintain safe, reliable and efficient operations at its power plants.
The integrated solution will allow authorized personnel to define and monitor the status of systems and components within the plants utilizing real-time operating data, maintenance data, defined maintenance plans and key performance indicators. The solution provides automatic user-specific notification when systems or components experience problems to enable systems users to manage and analyze performance data and improve equipment availability.
The aspenONE Performance Management module, which provides the foundation for the S&C-EI solution, features a number of Aspen Operations Manager applications including:
- Role-Based Visualization - providing each authorized user with access to applications and information tailored to their specific job function
- Event Management - enabling users to monitor operations, receive alerts and review suggested responses to unexpected events
- Integration Infrastructure - integrating the required systems and applications within plant operations, including Southern Nuclear plant and corporate servers; using an integration platform based on a middleware message system to consistently deliver data to the applications that require it in a timely manner
"AspenTech's leading edge data historian and performance management tools will allow our project team to provide Southern Nuclear with a cost effective and technologically advanced solution which will meet its current and future needs," said Michael Bliss, President, Queue Systems. "Consolidating data into a single integrated system will provide significantly enhanced visibility for critical operating information."
"We are very pleased that Southern Nuclear has chosen AspenTech's performance management solution as the foundation for its integrated asset management project," said Blair Wheeler, Senior Vice President, AspenTech. "This significantly expands our successful relationship with Southern Company to include its nuclear subsidiary. We are also pleased to enhance our strong partnership with Queue Systems, which has delivered significant value to a wide range of customers in the process industries."
License revenue from this project was recognized in AspenTech's third fiscal quarter ending March 31, 2005.
About Southern Company
Southern Company (NYSE:SO), one of the largest producers of electricity in the southeastern United States with nearly 39,000 megawatts of electric generating capacity, is currently ranked number 178 in the latest FORTUNE 500 listing of the largest U. S. corporations. Southern Company, with approximately 26,000 employees, reported earnings in 2004 of $1.53 billion. Southern Company is an active member of AspenTech's ATIMUS user community, providing the chair of the community from 2004-2005. For more information, visit www.southerncompany.com.
Aspen Technology, Inc. provides industry-leading software and professional services that help process companies improve efficiency and profitability by enabling them to model, manage and control their operations. The new generation of integrated aspenONE(TM) solutions are aligned with the key industry business processes, providing manufacturers the capabilities they need to optimize operational performance, make real-time decisions and synchronize the plant and supply chain. Over 1,500 leading companies already rely on AspenTech's software, including Bayer, BASF, BP, ChevronTexaco, DuPont, ExxonMobil, Fluor, GlaxoSmithKline, Sanofi-Aventis, Shell, and Total. For more information, visit www.aspentech.com.
About Queue Systems
Queue Systems specializes in implementing innovative automation and performance management products and solutions for process manufacturers such as: Asset Management, Process Information Management, Batch Tracking, Advanced Control, Supply Chain, Manufacturing Information Portals, and many others using Licensed Software Products available from AspenTech and other quality companies. Over the past 20 years, AspenTech and Queue have implemented numerous Performance Management products and solutions featuring AspenTech products for a variety of vertical markets including power, pharmaceutical, petroleum, chemical, metals and pulp and paper. The company is headquartered in Columbia, South Carolina, with a field office in Houston, Texas. For additional information, visit http://www.queuesys.com.
This press release may contain forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may vary significantly from AspenTech's expectations based on a number of risks and uncertainties, including, without limitation: AspenTech's plan to improve operational performance may not be implemented effectively; AspenTech has identified material weaknesses in its internal controls with respect to software license revenue recognition and other matters, that, if not remedied effectively, could result in material misstatements; risks around securities litigation and investigations; AspenTech's lengthy sales cycle 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; the possibility of new accounting standards or the interpretation of existing accounting standards affecting our financial results; AspenTech's ability to raise additional capital as required; intense competition; AspenTech's need to develop and market products successfully; reliance on relationships with strategic partners; challenges associated with international operations; and other risk factors described from time to time in AspenTech's periodic reports filed with the Securities and Exchange Commission. AspenTech cannot guarantee any future results, levels of activity, performance, or achievements. AspenTech expressly disclaims any current intention to update forward-looking statements after the date of this press release.
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Aspen Technology, Inc.
Robin Swanger, 218-504-3256