KBC Advanced Technologies plc Partnership Agreement (3699A)

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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

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