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2005-10-05
Expanded Use of Engineering
Software Applications
for Petrochemical and Petroleum Industries
Seattle, WA, USA--(Jobwerx News)--Engineering software applications to
form cornerstone with network of petrochemical plants and petroleum refinery
facilities for largest private company in India.
India's largest private company standardizes on Aspen Plus®, AspenTech's
modeling application for steady state simulation, design, performance
monitoring, optimization and business planning.
Aspen Technology, Inc. (Nasdaq: AZPN) announced that Reliance Industries
Limited (RIL), India's largest private company, has signed a license agreement
to significantly expand its use of the Aspen Plus steady-state modeling
application. The licenses will be distributed at various sites throughout
RIL's network of petrochemical plants and at its petroleum refinery, and
the product will form the cornerstone for all of RIL's engineering software
applications. The agreement also provides for multi-year renewal of maintenance
services for existing licenses of Aspen Plus and Aspen HYSYS®.
The expansion of its Aspen Plus license will help RIL move towards the
adoption of a corporate standard simulation platform and to streamline
its engineering efforts. It will also provide opportunities to follow
the industry trend of leveraging process models in applications beyond
off-line engineering, such as in integrated engineering, on-line performance
monitoring and on-line optimization.
"We look forward to further developing our longstanding relationship with
RIL through the expansion of its Aspen Plus license," said Blair Wheeler,
Senior Vice President, Marketing, AspenTech. "Recognizing the importance
of standardization for success in today's competitive markets, we are
committed to helping RIL achieve its vision of leveraging standardized
process models for improved operational and business decision-making."
In addition to its use of Aspen Plus and Aspen HYSYS, RIL currently licenses
several other AspenTech applications in its plant operations including
Aspen PIMS(tm), Aspen DMCplus(tm) and Aspen InfoPlus.21(tm).
Reliance Industries Limited (RIL) is India's largest private sector
company on all major financial parameters with the turnover of US$ 16.7
billion, cash profit of US$ 2.8 billion, net profit of US$ 1.7 billion
and net worth of US$ 9.2 billion. RIL is the first and the only private
sector company from India to feature in the 2004 Fortune Global 500 list
of 'World's Largest Corporations' and ranks amongst the world's Top 200
companies in terms of profits.
Aspen Technology, Inc. provides industry-leading software and professional
services that help process companies improve efficiency and profitability
by enabling them to model, manage and control their operations. The new
generation of integrated aspenONE(tm) solutions are aligned with the key
industry business processes, providing manufacturers the capabilities
they need to optimize operational performance, make real-time decisions
and synchronize the plant and supply chain. Over 1,500 leading companies
already rely on AspenTech's software, including Bayer, BASF, BP, ChevronTexaco,
DuPont, ExxonMobil, Fluor, GlaxoSmithKline, Sanofi-Aventis, Shell, and
Total.
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