AspenTech Introduces Third Suite Focused on Asset Maintenance and Process Analytics
November 28 2016 - 9:41AM
Business Wire
Unique Combination of Robust Process Models and
Real-Time Operational Data Delivers Insight into Asset Availability
& Operational Constraints
Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of
software and services to the process industries, today announced
the introduction of a new product suite, aspenONE® Asset
Performance Management™ (APM). The new suite expands the aspenONE
product portfolio from engineering, manufacturing & supply
chain into maintenance to address key business challenges that
include process disruptions, low asset availability and unplanned
downtime. The aspenONE APM suite will enable companies to optimize
their assets throughout the entire plant lifecycle.
Companies in the process industries are faced today with
significant macroeconomic uncertainty and ever more complex
business and operational challenges, requiring greater focus on
operational excellence in order to maximize the return on capital
employed. Designed specifically for the process industries,
aspenONE Asset Performance Management software provides highly
accurate insights into complex process dynamics, diagnosing the
root cause of an event to assess the impact on plant equipment and
breakdown avoidance, and offers prescriptive, actionable guidance
to help mitigate the impact on production.
The aspenONE Asset Performance Management suite will include the
Aspen Fidelis Reliability™ product and the Aspen Asset Analytics
products in its initial release. Aspen Fidelis Reliability enables
customers to use the deep design and process knowledge contained
within the aspenONE product portfolio to analyze process
reliability, quantify improvement opportunities and optimize the
availability of assets. The Aspen Asset Analytics product combines
AspenTech’s modeling and simulation and data analytics capabilities
to predict specific process problem events and prescribe actions to
prevent their occurrence. This product will initially be targeted
at a specific set of customers identified by the company until
general availability is announced in the future.
The APM suite is anticipated to be further populated with
functionality and capabilities organically developed as well as
from recent acquisitions, to encompass a set of products and
solutions that will capture the significant opportunity available
in the maintenance area of process plants.
Join AspenTech at OPTIMIZE™ 2017, April 25 & 26, for
announcements about additions to the aspenONE Asset Performance
Management suite, and updates about the company’s asset
optimization vision and strategy.
Supporting QuotesAntonio Pietri, Chief Executive Officer
& President, AspenTech“I am excited about this announcement
today. We stated at Optimize 2015 our new Asset Optimization vision
and strategy and it has now become a reality. AspenTech’s latest
innovations in the Asset Performance Management suite are centered
on helping customers increase asset utilization while maintaining
the highest levels of optimization. We look forward to continuing
to deliver solutions that capture ever increasing value for our
customers across the design, plan, operate & maintain asset
lifecycle.”
Supporting Resources
- aspenONE V9.1 Software
- aspenONE Asset Performance
Management
- OPTIMIZE 2017
About AspenTechAspenTech is a leading supplier of
software that optimizes process manufacturing – for energy,
chemicals, engineering and construction, and other industries that
manufacture and produce products from a chemical process. With
integrated aspenONE solutions, process manufacturers can implement
best practices for optimizing their engineering, manufacturing and
supply chain operations. As a result, AspenTech customers are
better able to increase capacity, improve margins, reduce costs and
become more energy efficient. To see how the world’s leading
process manufacturers rely on AspenTech to achieve their
operational excellence goals, visit www.aspentech.com
© 2016 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen
leaf logo, and OPTIMIZE are trademarks of Aspen Technology, Inc.
All rights reserved. All other trademarks are property of their
respective owners.
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Aspen Technology, Inc.AspenTechErin Clarke, +1
781-221-1919erin.clarke@aspentech.com
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