CSX Supplier Innovation Award Recognizes AspenTech’s Mtell for Prescriptive Maintenance Solutions
January 24 2017 - 9:00AM
Business Wire
Continuous, Safe Locomotive Operations
Supported by Advanced Machine Learning Software
Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of
software and services to industry, today announced that Mtell, the
recently acquired pioneer of prescriptive analytics for maximizing
asset availability, has received the 2016 CSX Supplier Innovation
Award.
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Paul Rahilly, Former Mtell Chief
Executive Officer, AspenTech Senior Director, Product Management
and Gerhard Williams, CSX Vice President of Mechanical Engineering
(Photo: Business Wire)
CSX Corporation, a premier transportation services provider
based in Jacksonville, Florida, recognized Mtell as a select
supplier delivering extraordinary value and productivity, saving
the company millions of dollars in costly downtime.
Mtell prescriptive maintenance functionality helps CSX identify
potential locomotive issues by analyzing large volumes of real-time
and historical operational and maintenance data to detect anomalous
behavioral patterns. By automating the detection of potential
problems and prescribing corrective actions, the solution helps
firms quickly identify and rapidly respond to early indicators of
potential failures, significantly improving asset utilization.
AspenTech’s asset performance management solutions use a systems
approach to accurately predict equipment and process failures,
precisely understand when and why the failure will occur, and offer
prescriptive recommendations to optimize business decisions from a
design, operations and maintenance perspective.
Supporting QuotesLarry Biess, Director Business
Intelligence, Engineering & Strategy, CSX
Transportation“AspenTech and Mtell are critical partners in CSX’s
transformation into a highly automated railroad, which requires a
sophisticated level of predictive analytics to further enhance our
safe, reliable service for customers. We’re pleased to recognize
this important partnership – which has delivered consistent results
driving operational and cost efficiency – with our 2016 Supplier
Innovation Award.”
Paul Rahilly, Former Mtell Chief Executive Officer, AspenTech
Senior Director, Product Management“We are delighted to receive the
2016 CSX Supplier Innovation Award, and look forward to adding
value to the aspenONE Asset Performance Management software suite.
Together, we will continue to empower industry with game-changing
prescriptive solutions that use machine learning to give firms an
unprecedented ability to accurately predict degradation and
failures in assets, and proactively mitigate risk.”
Mike Jensen, President, 4Atmos Technologies LLC“4Atmos is
pleased to be a key part of the CSX success story and looks forward
to continuing to help customers save millions of dollars by
avoiding potential failures. Our deep domain experience and
hands-on approach enables us to rapidly deploy AspenTech’s
industry-transforming prescriptive maintenance solutions and put
into place the business best practices that result in real-world
savings and optimized efficiencies.”
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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