KBC Kbc Adv.Tech.

RNS No 2379k
KBC ADVANCED TECHNOLOGIES PLC
17th March 1999


                 KBC Advanced Technologies plc
                               
                 Licensing Agreement with OSI

KBC  Advanced Technologies plc ("KBC" or "the Group") and  OSI
Software  Inc. ("OSI"), a privately owned US software company,
are  pleased to announce an agreement in principle under which
OSI  will license, further develop, and market KBC's Sigmafine
software technology.

KBC  is a leading consultant to the oil refining industry and,
through  its  Sigmafine  software, is  the  recognised  market
leader  in  mass  balance,  data  reconciliation,  and   yield
accounting   technology,  with  over  100   installations   at
refineries throughout the world.

During  1998  the  Group instituted a review of  its  software
business  which highlighted that KBC's core strength  lies  in
its proprietary technology, such as Sigmafine, rather than the
software  environment  in which the  models  reside.   It  was
concluded, therefore, that the Group should seek to work  with
partners whose strengths in software complement those of KBC.

OSI  is the supplier of PI, the market leading data historian,
which  is  currently used in over 1,500 refineries  and  other
process  industry facilities worldwide.  Under this agreement,
KBC  will  provide  OSI with an exclusive licence  to  further
develop, sell and support its Sigmafine technology.   OSI  has
agreed  to  make  a  significant investment  to  increase  the
functionality  of Sigmafine, which has potential  applications
in  a  number  of other process industries that KBC  does  not
currently serve.  The Group will receive a royalty stream from
future  Sigmafine sales, maintenance, support and installation
over the next ten years and will continue to use Sigmafine  in
its consulting practice.

This  agreement with OSI follows the announcement in  December
1998  that  KBC had established a relationship with  Hyprotech
Ltd,  a  subsidiary  of AEA Technology plc,  to  cross-license
certain  of its other refinery-wide simulation technology  and
refinery process models.

Michael  Press,  Chairman,  KBC  Advanced  Technologies   plc,
commented: "I am delighted to announce that we have reached an
agreement  with  OSI which will accelerate the development  of
Sigmafine as well as providing a distribution base into  other
process  industries.  This represents a further  step  in  our
strategy of working with outside partners that complement  our
strengths, ensuring KBC remains a leading provider of  process
technology to the refining industry."
                               
Enquiries:
KBC Advanced Technologies plc                     01932 856622
Michael Press, Executive Chairman
Wayne Hutchinson, Chief Operating Officer
Iain McIntosh, Finance Director
Square Mile Communications Ltd                   0171 583 4567
Tim Jackaman / Kirsty Hall

Notes  to Editors: KBC Advanced Technologies plc is a  leading
independent  process engineering group, providing  specialised
consultancy  and  support services to enable oil  refiners  to
improve operational efficiency and profitability.  Through its
Profit   Improvement  Program  (PIP)  KBC  analyses   refinery
operations  and recommends changes that deliver  material  and
measurable  improvements in profitability.  KBC  has  a  broad
spread  of clients ranging from large integrated oil companies
to small independent refiners.

END

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