KBC Advanced Technologies plc Contract award (2851M)

TIDMKBC

RNS Number : 2851M

KBC Advanced Technologies plc

15 July 2014

Embargoed until 0700 15 July 2014

KBC Advanced Technologies plc ("KBC")

US$5.8 million software contract award

KBC is pleased to announce a US$5.8 million five year contract award from a large South American based multinational energy company.

The contract, which constitutes a renewal, extension and expansion of an existing licence, will see KBC immediately expand the licence of its refinery wide simulation software suite, Petro-SIM(TM) and the associated SIM-suite(TM) reactor models, to the refinery business that the energy company owns and operates.

Andrew Howell, Managing Director of Technology at KBC, said: "This contract with one of the largest energy multinationals in the world, following the announcement of a major licence with another South American national oil company in June, demonstrates the relevance of the Petro---SIM engineering simulator to the process industry and validation of KBC's focus on quality and value.

"The client has a long history of using Petro-SIM for refinery wide simulation and this contract affirms a greater commitment to the product. KBC is delivering on its unique vision of refinery wide process simulation to enable refinery operators to achieve operational excellence in whatever fiscal or geographical environment they operate."

-Ends-

 
 KBC Advanced Technologies plc 
 Ian Godden, Chairman 
 Andrew Hebb, Interim Chief Financial Officer     +44 1932 236314 
 
 Cenkos Securities plc 
 Bobbie Hilliam/Harry Pardoe                     +44 20 7397 8900 
 
 Weber Shandwick Financial 
 Nick Oborne/Stephanie Badjonat                  +44 20 7067 0000

About KBC

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. To contact any of our offices, please visit http://www.kbcat.com/locations.

This information is provided by RNS

The company news service from the London Stock Exchange

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