PinnacleART & AspenTech Partner to Deliver Asset Maintenance & Reliability Solutions to Complex, Capital-Intensive Industries
December 07 2017 - 9:00AM
Business Wire
Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization
software company, today announced that Texas-based PinnacleART,
provider of best-in-class reliability management programs, is now
an official Implementation Service Provider (ISP) for the aspenONE®
Asset Performance Management (APM) software suite. PinnacleART will
utilize aspenONE APM solutions to measure, optimize and maximize
asset uptime for its oil and gas, specialty chemical and wastewater
customers.
For over a decade, PinnacleART has designed, implemented and
maintained best-in-class reliability programs for its customers
with a focus on practical application of industry leading
technology. Introducing the aspenONE APM suite to PinnacleART’s
toolset adds powerful capabilities to drive higher reliability with
Aspen Mtell and Aspen Fidelis Reliability.
With aspenONE Asset Performance Management software, firms can
predict asset failures earlier and with greater accuracy, gaining
additional time before the failure to plan and respond in more
optimal ways. By modeling risk and vulnerabilities at the system
level, reliability becomes a continuous process. As new failures
are predicted, knowing the likely financial impact of asset
breakdown and cost of repair facilitates optimal decisions.
Prescriptive guidance enables operations and maintenance to respond
as a team for quick and consistent remediation of problems,
maximizing performance across the design, operations and
maintenance asset lifecycle.
As the world leader in asset optimization software, with 35
years of technology leadership and innovation, AspenTech has
delivered billions in value creation for over 2,100 blue-chip
customers worldwide.
Supporting QuotesWalt Sanford, Vice President Reliability
Solutions, PinnacleART“PinnacleART’s reliability-focused asset
management programs and tools deliver turnkey, sustainable
processes and systems focused on universal business imperatives
such as risk management, asset utilization, cost optimization, and
maximum asset life-cycle value. The combination of PinnacleART’s
value-focused implementation expertise with AspenTech’s
best-in-class Asset Performance Management solutions will add
significant value to our customers, while enabling us to increase
reliability in new markets.”
John Hague, Senior Vice President and General Manager, AspenTech
APM Business Unit“AspenTech and PinnacleART have a powerful
opportunity to deliver an unprecedented return on assets with the
ability to model and analyze customers’ business through the lens
of overall system reliability so that the greatest risks can be
identified, the potential losses quantified and the improvement
opportunities justified. Together, we will help customers operate
at peak performance and profitability by enabling data-driven
decision making and providing analytics tools to mitigate risks and
drive reliability.”
Supporting Resources
- PinnacleART
- aspenONE V10 Software
- Aspen Mtell
- Aspen Fidelis Reliability
About AspenTechAspenTech is a leading software supplier
for optimizing asset performance. Our products thrive in complex,
industrial environments where it is critical to optimize the asset
design, operation and maintenance lifecycle. AspenTech uniquely
combines decades of process modeling expertise with big data
machine-learning. Our purpose-built software platform automates
knowledge work and builds sustainable competitive advantage by
delivering high returns over the entire asset lifecycle. As a
result, companies in capital-intensive industries can maximize
uptime and push the limits of performance, running their assets
faster, safer, longer and greener. Visit AspenTech.com to find out
more.
© 2017 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen
leaf logo, Aspen Basic Engineering, Aspen Fidelis Reliability,
Aspen Mtell, Aspen Unified PIMS and OPTIMIZE are trademarks of
Aspen Technology, Inc. All rights reserved.
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version on businesswire.com: http://www.businesswire.com/news/home/20171207005109/en/
AspenTechAmanda McCarthy, +1
781-221-6806amanda.mccarthy@aspentech.com
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