Aspen Technology Appoints James Hintlian to Launch Pharmaceuticals Business Unit.Life Sciences Industry Leader Will Lead Initiative to Build on AspenTech Momentum in Pharmaceuticals Markets BURLINGTON, Mass. -- Aspen Technology Aspen Technology (NASDAQ: AZPN) provides software and professional services to the manufacturing and process industries which allows companies to model, manage, and control their operations. AspenTech was founded in 1981 by MIT professor Dr. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AZPN), a leading provider of software and services to the process industries, today announced that it has named James (Jamie) Hintlian to launch a new business unit focused on the Pharmaceuticals industry. This move signals AspenTech's commitment to build on its emerging presence in Pharmaceuticals, and extend the company's core markets beyond Energy and Chemicals. Hintlian will report directly to AspenTech president and 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. Mark Fusco Mark Fusco (born March 12, 1961 in Burlington, Massachusetts) is a retired ice hockey player. Fusco won the Hobey Baker Award in 1983. He would also be a member of the American 1984 Winter Olympics ice hockey team. . "More diverse types of process industries are realizing the benefits of aspenONE integrated process optimization Process optimization is the practice of making changes or adjustments to a process, to get results. Optimization is the use of specific techniques to determine the most cost effective and efficient solution to a problem or design for a process. solutions, and we see tremendous opportunities to expand our penetration into the pharmaceuticals market," said Mark Fusco, president and CEO, AspenTech. "With Jamie's breadth of experience, insight and passion for the industry, he will be extremely valuable as the leader of our Pharmaceuticals strategy. With this focus, we will also better align our resources and products to create stronger partnerships with our Pharmaceuticals customers." Hintlian will be responsible for developing and executing AspenTech's pharmaceuticals business, product and go-to-market strategies, building on AspenTech's existing relationships with 13 of the world's top 15 Pharmaceutical companies. AspenTech solutions for leading pharmaceutical companies already include the following aspenONE deployments: * Enabling a multibillion dollar pharmaceutical company to transform its process development operations across the development work flow, and into commercial manufacture. * Providing a global bio-science manufacturer with the capability to efficiently schedule a highly complex U.S. manufacturing operation, driving plant utilization and customer delivery performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. . * Delivering significant manufacturing performance improvements and cost reductions for one of the world's largest API (Active Pharmaceutical Ingredient) manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. . Hintlian joins AspenTech from Accenture, where for several years he was a senior partner leading the Global Health and Life Sciences Supply Chain Practice. In his career at Accenture, and previously at Data General, Hintlian led several innovation initiatives. At Accenture, he developed the first fully operational supply chain using RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. (radio frequency identification See RFID. ) to support drug pedigree and anti-counterfeiting programs, from manufacturer to retail pharmacy. Hintlian is also a frequent speaker at industry association events -- this week, in his first days at AspenTech, he was a special invited commentator at the 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 annual "Healthcare Exchange" conference. Hintlian is also a member of the editorial board for Supply Chain Management Review. He holds both an M.S. and a B.S. in Operations Research operations research Application of scientific methods to management and administration of military, government, commercial, and industrial systems. It began during World War II in Britain when teams of scientists worked with the Royal Air Force to improve radar detection of from Cornell University, where he also earned his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration . "I look forward to working with a strong AspenTech team as we bring new process optimization innovations to the Pharmaceuticals industry," said Hintlian. "AspenTech's ability to integrate core processes from drug discovery through supply chain execution is unique, and supports critical manufacturer programs aimed at improving R&D productivity, design for quality and cost effective manufacturing execution." Hintlian continued, "By harnessing the power of AspenTech's unique process optimization software, pharmaceutical companies can focus on the management of value, as opposed to assets, throughout the product lifecycle. We will build on our successes by aligning AspenTech pharma solutions with emerging industry needs, in particular embracing the initiatives of QbD (Quality by Design), DfM (Design for Manufacture), and Operational & Process Excellence from lab floor to shop floor to top floor." About AspenTech AspenTech is a leading provider of award-winning process optimization software and services. AspenTech's integrated aspenONE solutions enable manufacturers to reduce costs, increase capacity, and optimize operational performance end-to-end throughout the engineering, plant operations, and supply chain management processes, resulting in millions of dollars in cost savings. For more information, visit www.aspentech.com. (c) 2007 Aspen Technology, Inc. AspenTech, aspenONE and the Aspen leaf logo are trademarks of Aspen Technology, Inc. All rights reserved. All other trademarks are property of their respective owners. |
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