Aspen Technology Receives Reader's Choice Award from CONTROL Magazine.CAMBRIDGE, Mass.--(BUSINESS WIRE)--Feb. 9, 1999-- CONTROL Magazine Readers Recognize AspenTech's Aspen Plus as the Leading Simulation Software Simulation software is based on the process of imitating a real phenomenon with a set of mathematical formulas. It is, essentially, a program that allows the user to observe an operation through simulation without actually running the program. Application for the Process Industries 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 and Supply Chain Management software and services for the process industries, today announced it has received a CONTROL magazine 1999 Reader's Choice award for process simulation software. Readers named AspenTech's Aspen Plus(R) as the top software application in the new category of simulation software and also placed it second for its neural network neural network or neural computing, computer architecture modeled upon the human brain's interconnected system of neurons. Neural networks imitate the brain's ability to sort out patterns and learn from trial and error, discerning and extracting technology. CONTROL's annual reader survey identifies the best instrumentation and control technologies out of 67 hardware and software categories. CONTROL magazine is a technical resource for implementers of applied instrumentation control and automation systems within the process industries. CONTROL asked its readers, who represent end users from every process industry segment in all regions of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , to select the companies that provide the best instrumentation and control products. "We are honored that the readers of CONTROL magazine recognized the quality of our software," said Larry Evans
Larry Melvyn Evans (born March 23, 1932) is an American chess grandmaster and journalist. He has won the U.S. Chess Championship four times. , chairman 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. of Aspen Technology, Inc. "Since its inception, AspenTech has been dedicated to providing superior modeling and simulation technology for the process industries. We are pleased to receive recognition for this core strength as we continue to implement Aspen Plus with our Plantelligence(TM) suite in order to provide an integrated solution across the entire manufacturing enterprise." Aspen Plus 10.0 forms the core of the Aspen Engineering Suite(TM), AspenTech's integrated suite of modeling technologies that enable companies to radically enhance engineering productivity. AspenTech's neural network technology uses mathematical algorithms to create predictive empirical models for certain types of process plant systems that cannot be modeled by traditional methods. This technology expands the application of AspenTech's DMCplus(TM) advanced control system and the InfoPlus.21(TM) process information management system. All of these products are tightly integrated within the AspenTech Plantelligence suite. About AspenTech Aspen Technology, Inc. (www.aspentech.com) is a leading supplier of software and services for the design and automation of process manufacturing The manufacturing industry that uses process control systems. See process control. plants and the optimization of the supply chain in process industries including chemicals, petrochemicals, petroleum refining, pulp and paper, metals and minerals, electric power, pharmaceuticals, semiconductor, consumer packaged goods, and food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. . Process manufacturers use AspenTech's solutions to improve the way they design, operate and manage their plants and global supply chain. These solutions enable manufacturers to reduce their raw material, energy and capital expenses; meet environmental and safety regulations; improve customer service levels; reduce inventory requirements; improve product quality; and shorten the time required to get new production processes on stream. AspenTech employs more than 1,500 and is headquartered in Cambridge, Mass., with offices in 22 countries worldwide. Plantelligence, AspenTech's suite of products and services, is the process manufacturing industry's only complete solution for optimizing manufacturing enterprises from supply chain to plant execution. Deep process knowledge, combined with world-leading optimization expertise and integration with enterprise resource planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ) and open control systems, brings AspenTech manufacturing customers' businesses closer to their true potential. AspenTech, Plantelligence, Aspen Plus, DMCplus, InfoPlus.21 and the aspen leaf logo are trademarks or registered trademarks of Aspen Technology, Inc., Cambridge, Mass. |
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