KBC Advanced Technologies plc Partnership Agreement (3699A)
February 19 2014 - 2:00AM
UK Regulatory
TIDMKBC
RNS Number : 3699A
KBC Advanced Technologies plc
19 February 2014
Embargoed until 0700 hrs 19 February 2014
KBC Advanced Technologies plc
("KBC" or "the Group")
Partnership agreement to sell and use flare simulation modelling
technology
KBC Advanced Technologies plc, a leading provider of consulting
and software solutions to the hydrocarbon processing industry, is
pleased to announce that it has signed an agreement with Flaretot
Limited ("Flaretot") to promote and distribute Flaretot's software
suite that analyses the flare relief systems in process facilities
such as offshore platforms and refineries to ensure the safe
handling of hydrocarbon fluids in an upset condition. This
agreement allows KBC to offer Flaretot's software bundled with
Petro-SIM(TM) 5 as a KBC supported solution to both existing and
new clients.
KBC can offer this technology for upstream oil and gas,
downstream refining and petrochemicals for all flare systems design
and operations to meet government pressure system regulations
compliance. Flaretot's technology, when integrated with KBC's
complete suite of life-of-facility and plant-wide process
simulation technology, enables KBC to offer a full range of
modelling solutions for all hydrocarbon processing plants,
supported by KBC's consulting skills, to provide clients with the
insight they need for sustained business performance and safe
operation.
The combination of Flaretot's technology with KBC's sales and
support channels will expand the market for Flaretot's technology
and opens up a wider market for KBC's Petro--SIM 5 process
simulation suite. The combination of the two technologies offers
significantly enhanced value as an integrated approach to design
and operation of flare systems, bringing both the facility
throughput and its safe operating limits together into a sharp
focus.
Ian Godden, Chairman of KBC, commented: "This partnership
agreement broadens our product and service offering for the
delivery of high quality safety and profit improvement services to
the oil and gas industry. The combined software suite enables KBC's
expert safety services to be standardised to this new platform.
Planned integration of Flaretot's technology and Petro-SIM 5 will
provide a future one-stop solution for all plant and flare analysis
with key differentiators not previously seen in our industry."
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For further information, please contact:
KBC Advanced Technologies plc
Ian Godden, Chairman +44 (0)1932 236314
Cenkos Securities plc
Bobbie Hilliam/Callum Davidson +44 (0)20 7397 8900
Weber Shandwick Financial
Nick Oborne/Stephanie Badjonat +44 (0)20 7067 0000
or visit http://www.kbcat.com/partners/flaretot
Notes to Editors:
KBC is a leading consultancy and software provider to the global
hydrocarbon processing industry. With over 30 years of experience,
KBC combines industry leading technology with experienced engineers
and operations personnel using robust methodologies to create
personalised, sustainable solutions for its clients. For more
information, visit www.kbcat.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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