Artemis International Adds Detailed Work Scheduling and Resource Management to Strategic Asset Optimization Solution; New Solution Improves Management of Strategic Assets for Energy, Utilities and Oil & Gas Companies.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- Artemis International Solutions Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMSI AMSI Australian Mathematical Sciences Institute AMSI Ambient Surround Imaging AMSI Atlantic Merchant Shipping Instructions AMSI Ameritech Message Signal Interface ), global provider of Investment Planning and Control(TM) solutions, today unveiled an enhanced Strategic Asset Optimization solution, specifically targeted at the electrical power generation and distribution, gas exploration and distribution, and national and municipal utilities. The Artemis SAO Sa´o n. 1. (Zool.) Any marine annelid of the genus Hyalinæcia, especially H. tubicola of Europe, which inhabits a transparent movable tube resembling a quill in color and texture. solution improves operational, resource allocation resource allocation Managed care The constellation of activities and decisions which form the basis for prioritizing health care needs and long-range financial management decisions at all business levels, maximizing the value of strategic assets. "While much of our research on portfolio management aims at IT, there is a distinct trend in the enterprise to apply the same portfolio management processes and technologies to other parts of the business, from managing a portfolio of assets to optimizing the planning for new product development," said Dennis Gaughan, research director for AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. Research in an alert titled The Evolution of Portfolio Management published in July 2004. "What is clear is the need to create a consistent set of processes for portfolio management across business functions. This allows organizations to measure any portfolio against a common set of business objectives, ensuring that any initiative that gets funded is tightly aligned with company strategy." With dramatically improved master schedule management, integrated portfolio analysis and enterprise scalability, Artemis for Strategic Asset Optimization (SAO) delivers unprecedented insight into the operational and financial performance of strategic assets. The new product is immediately available. "Maximizing the value of assets used in energy production and transmission, and oil and gas exploration demands immediate access to financial, schedule, resource, and asset performance information," said Patrick Ternier, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president of Artemis. "Not only does Artemis provide that with its latest release, but integrates that data in a single, centralized system In telecommunications, a centralized system is one in which most communications are routed through one or more major central hubs. Such a system allows certain functions to be concentrated in the system's hubs, freeing up resources in the peripheral units. . With the addition of detailed work scheduling and resource management, Artemis now offers a single solution for long-range planning, budgeting, and operational work planning that replaces the collection of ad-hoc databases and tools typically in use for managing strategic assets." Visibility, Collaboration and Best Practices Artemis for Strategic Asset Optimization delivers real-time visibility and control over strategic assets at all levels, a centralized system for collaboration and support for company-wide processes and best practices for fleet and asset management. The combination of this functionality enables energy businesses to gain control over: --Budgeting -- Performance-based budgeting features reduce project costs and budget overruns by providing improved monitoring and early management corrective action A corrective action is a change implemented to address a weakness identified in a management system. Normally corrective actions are instigated in response to a customer complaint, abnormal levels if internal nonconformity, nonconformities identified during an internal audit or , along with increased visibility into budgets, prioritization and return on project investments. Performance-based budgeting and financial management enables dynamic alignment of capital and operational budgets. --Asset Lifecycle Management -- Improved equipment reliability planning and better resource planning Resource planning may refer to:
n. 1. A quantity or portion of something lacking after delivery or storage. 2. A temporary suspension of operation, especially of electric power. days, while better asset conditioning and maintenance increases the unit capacity factors. --Work Management -- With the integration of best practices in asset management, regulatory and industry ratings are improved, while enhanced project and resource management provides efficient control over asset management and maintenance projects. Artemis for SAO Built on the Artemis 7 foundation, Artemis for SAO integrates a myriad of new features and functionality; from strategic asset portfolio management and asset lifecycle management, project and resource management, to performance-based budgeting and financial management. Targeted for the energy markets, including electrical power generation and distribution, gas exploration and distribution and national and municipal utilities, the product gives executives the insight to improve investment decisions and overall asset management. Also new to Artemis for SAO is a Work Request Capture and Management module, addressing the critical need for managing single or multi project demands. The Work Request and Capture module captures, manages and routes multiple work request types. Each type of work request can have a unique workflow process that is defined and navigated via a graphical workflow interface. Enterprise Repository In addition to support for IBM's Websphere, Artemis 7 version 6.1 for SAO includes support for IBM's DB2 relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. . This gives users the flexibility to consolidate all product information, while also integrating with existing enterprise information systems. Availability Available immediately, Artemis for SAO will include training materials on all new functionality. About Artemis International Solutions Corporation Artemis International Solutions Corporation (OTCBB:AMSI) is one of the world's leading providers of investment planning and control solutions that help organizations execute strategy through effective portfolio and project management. Artemis has refined 30 years experience into a suite of solutions and packaged consulting services that address the specific needs of both industry and the public sector including, IT management, new product development, program management, fleet and asset management, outage management and detailed project management. With a global network covering 44 countries, Artemis is helping thousands of organizations to improve their business performance through better alignment of strategy, investment planning and project execution. For more information, visit www.aisc.com. Forward Looking Statements "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. reduction and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements or for prospective events that may have a retroactive Having reference to things that happened in the past, prior to the occurrence of the act in question. A retroactive or retrospective law is one that takes away or impairs vested rights acquired under existing laws, creates new obligations, imposes new duties, or attaches a effect. |
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