Aspen Technology Introduces Aspen Engineering Suite.CAMBRIDGE, Mass.--(BUSINESS WIRE)--May 4, 1998-- Comprehensive solution for engineering work process integration creates knowledge base, enhances productivity and improves plant performance and lifecycle costs 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), the leading provider of Smart Manufacturing software The following list of software modules are the manufacturing components of Baan's ERP (BaanERP) system, acquired by SSA Global in 2003 and subsequently by Infor at the end of 2006. It is listed here because it provides a comprehensive overview of the required software. See MES. and services for the process industries, today announced the Aspen Engineering Suite. The suite is the first comprehensive set of integrated technologies to dramatically enhance the engineering work process, from conceptual and detailed design of new processes to improvements and retrofits of existing plants. The Aspen Engineering Suite is comprised of major new versions of eight Plantelligence(tm) modeling and design products, including Aspen Plus(r) 10.0, AspenTech's recently released version released version - release of its flagship process modeling system, and Aspen Zyqad(tm), AspenTech's integrated process engineering system recently acquired by the acquisition of Zyqad Limited. By enabling the capture of process knowledge, better engineering decisions and the automation of engineering tasks, the Aspen Engineering Suite significantly enhances organizational productivity, improves plant performance and impacts overall plant profitability throughout its lifecycle. The Windows-based Aspen Engineering Suite features key capabilities to integrate and facilitate changes in the engineering work process. Aspen Zyqad provides a central repository of data, process models, company standards, design rules and best practices. By establishing a collective knowledge base, Aspen Zyqad helps ensure global and consistent use of available process knowledge, allows for the quick, error-free and automated transfer of data and helps to easily manage and implement engineering changes. Aspen Zyqad is already integrated with Aspen Plus, as well as other process simulators, design programs and CAD programs. Aspen Zyqad will be expanded to integrate with all products in the Aspen Engineering Suite. The integration of modeling technologies within the suite provides consistent views of the plant to support concurrent engineering and innovative solutions for profit improvement. Engineers can use a consistent model for the full range of engineering analyses, including steady-state simulation with Aspen Plus, dynamic simulation Dynamic Simulation is similar to a physics engine, the technology used in many powerful computer graphics software programs, like 3ds Max, Maya, Lightwave, and many others to simulate physical characteristics. and operability Operability is the ability to keep a system in a functioning and operating condition. In a computing systems environment with multiple systems this includes the ability of products, systems and business processes to work together to accomplish a common task such as finding and analysis with Aspen Dynamics(tm), heat integration studies with Aspen Pinch(tm), distillation distillation, process used to separate the substances composing a mixture. It involves a change of state, as of liquid to gas, and subsequent condensation. The process was probably first used in the production of intoxicating beverages. synthesis studies with Aspen Split(tm), detailed heat exchanger heat exchanger Any of several devices that transfer heat from a hot to a cold fluid. In many engineering applications, one fluid needs to be heated and another cooled, a requirement economically accomplished by a heat exchanger. design with Aspen B-JAC(tm) and real-time optimization with Aspen RT-Opt(tm). The Aspen Engineering Suite also provides an open process engineering environment to integrate all activities in the engineering work process. The suite features support for Windows interoperability; interfaces to specific applications; customization capabilities; and open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced including ODBC (Open DataBase Connectivity) A database programming interface from Microsoft that provides a common language for Windows applications to access databases on a network. , pDXi/STEP and IK-CAPE. CAPE-OPEN standards will also be supported as they are developed. This allows other Windows applications A program that is written to run under Microsoft's Windows operating system. Such applications typically run under all 32-bit versions of Windows, but earlier applications might also run under the 16-bit versions (Windows 3.x) as well. See Windows. , customer in-house technology and third party applications, such as equipment design programs, Intergraph and other plant design systems, and plant information systems to be integrated easily with products in the suite. "The Aspen Engineering Suite is a logical approach to enable AspenTech's customers to improve their business processes," said Dick Hill, vice president at Automation Research Corporation. "Utilizing Windows and open standards for data exchange between engineering tools should provide significant efficiencies in workflow." "AspenTech is the first to offer the process industries a complete solution to integrate, automate, perform and manage the activities in all phases of the engineering work process," said Joel Rosen, AspenTech executive vice president. "An integrated engineering Integrated Engineering is a multi-disciplinary, design project based engineering degree program. Integrated Engnineering is a program created to meet the demand for engineers who are able to deal with a wide range of problems, often involving knowledge from several work process captures process knowledge for use by individuals and workgroups throughout an organization. Engineers can draw on the most accurate and extensive store of knowledge about plant processes and use that information to optimize plant performance with process models. By facilitating improvements to the work process, we can greatly impact overall engineering efficiency and effectiveness, and enable engineers to identify innovative solutions to improve plant profitability." The Aspen Engineering Suite includes major new versions of the following products, which have been released, or are scheduled for release by the end of Summer 1998: - Aspen Zyqad (previously Zyqad Process WorKBench), integrated process engineering system for use as a central data repository See repository. of process knowledge--currently available. - Aspen Plus 10.0, steady-state simulator for process design, evaluating process changes and what-if scenarios--currently available. - Aspen Dynamics 10.0 (new version of DynaPLUS(tm)), dynamic simulator for process dynamics and operability analysis. - Aspen Custom Modeler(tm) 10.0 (new version of SPEEDUP(r)), custom modeling system for developing custom models of process units. - Aspen Pinch 10.0 (new version of ADVENT(r)) pinch analysis Pinch analysis is a methodology for minimising energy consumption of chemical processes by calculating thermodynamically feasible energy targets (or minimum energy consumption) and achieving them by optimising heat recovery systems, energy supply methods and process tool for identifying opportunities for heat integration and energy minimization. - Aspen Split 10.0 (new version of SPLIT(tm)), separations synthesis tool for evaluating optimal designs of distillation processes. - Aspen B-JAC 10.0 (new version of B-JAC(tm)), detailed heat exchanger design tool for the thermal and mechanical design of heat exchangers. - Aspen RT-Opt 10.0 (new version of RT-OPT(r)), equation-based optimizer for off-line and online real-time optimization of plant operations. Key new capabilities common for all the new versions of products in the Aspen Engineering Suite include: - Support of the Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. (r) and 95 environments -- Windows NT and 95 provide common platforms for all applications. Other platforms and client-server support are available on a product-by-product basis. - Windows interface -- All products feature reengineered interfaces using Microsoft design standards Design standards Specifications of materials, physical measurements, processes, performance of products, and characteristics of services rendered. Design standards may be established by individual manufacturers, trade associations, and national or and tools. The graphical user interfaces graphical user interface (GUI) Computer display format that allows the user to select commands, call up files, start programs, and do other routine tasks by using a mouse to point to pictorial symbols (icons) or lists of menu choices on the screen as opposed to having to all display a common Windows "look and feel" for greater ease-of-use. - OLE/Active X/COM interoperability -- All products offer full support of Windows interoperability to provide an open architecture for integration of products within the suite and with other OLE-compliant Windows applications. Capabilities include copy/paste/paste link, OLE Automation See COM automation. (ActiveX) access to simulation models and data, and object embedding 1. (mathematics) embedding - One instance of some mathematical object contained with in another instance, e.g. a group which is a subgroup. 2. (theory) embedding - (domain theory) A complete partial order F in [X -> Y] is an embedding if . In addition, OLE automation further extends the use of modeling in the engineering work process. As an example, simple front-end interfaces to complex simulations can be created for use by plant operators and other end users. As another example, process data and simulation results can quickly and automatically be incorporated into reports and drawings. - New engineering enhancements -- Each product in the suite provides best-in-class technology to produce highly accurate representations of actual plant operations. New engineering enhancements extend the engineering power of each tool to address a wider range of applications. In separate releases, AspenTech has announced the release of Aspen Plus 10 on April 20 and the acquisition of Zyqad Limited on April 23. About AspenTech Aspen Technology, Inc., (www.aspentech.com) is a leading supplier of software and services for the analysis, design and automation of process manufacturing The manufacturing industry that uses process control systems. See process control. plants in industries such as chemical, petroleum, pharmaceuticals, electric power, pulp and paper, and metals. Process manufacturers use AspenTech's solutions to improve the way they design, operate and manage their plants. These solutions enable customers to reduce their raw material, energy and capital expenses, meet environmental and safety regulations, improve product quality and shorten the time required to get new production processes on stream. AspenTech employs more than 1,400 and is headquartered in Cambridge, Mass., with offices in 21 countries worldwide. AspenTech's software and services comprise the Plantelligence suite, the process industry's only complete solution for the Smart Manufacturing System market. Plantelligence brings intelligence to bear on the design, operation, and management of manufacturing processes. Deep process knowledge, along with the integration with enterprise systems and the open field, brings manufacturing processes closer to True Potential(tm). This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include the risks set forth under the caption "Risk Factors" in Aspen Technology's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended June 30, 1997, which factors are incorporated herein by reference. -0- Aspen B-JAC, Aspen Custom Modeler, Aspen Dynamics, Aspen Pinch, Aspen RT-Opt, Aspen Split, Aspen Zyqad, B-JAC, DynaPLUS, SPLIT, AspenTech, Plantelligence, True Potential, and the Aspen leaf logo are trademarks of Aspen Technology, Inc., Cambridge, Mass. ADVENT, Aspen Plus, RT-OPT and SPEEDUP are registered trademarks of Aspen Technology, Inc. All other marks are trademarks of their respective owners. CONTACT: Aspen Technology, Inc. Toni Lee Rudnicki, (617) 949-1472 tonilee.rudnicki@aspentech.com OR Schwartz Communications, Inc. Shawn Whalen or Laura Kempke, (781) 684-0770 swhalen@schwartz-pr.com |
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