AspenTech's Groundbreaking Advance in Physical Property Technology Delivers Unique Modeling Capabilities to the aspenONE(R) Application Suite.Significant Expansion in Physical Properties to Drive Higher Engineering Efficiency and Better Operating Decisions for the Process Industries CAMBRIDGE, 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) today announced a milestone accomplishment as a result of combining the company's thermophysical and thermochemical property data sets with those maintained by the National Institute of Standards and Technology National Institute of Standards and Technology, governmental agency within the U.S. Dept. of Commerce with the mission of "working with industry to develop and apply technology, measurements, and standards" in the national interest. (NIST (National Institute of Standards & Technology, Washington, DC, www.nist.gov) The standards-defining agency of the U.S. government, formerly the National Bureau of Standards. It is one of three agencies that fall under the Technology Administration (www.technology. ). This achievement delivers significant enhancements to the process modeling capabilities of aspenONE[R], a suite of applications that integrate and optimize engineering, manufacturing and supply chain operations. The integration will give users the ability to rapidly develop and accurately model the broadest range of processes with AspenTech's process modeling tools. This dramatically expands the scope and ease-of-use in modeling many types of processes that previously could not be easily modeled. "For the first time, AspenTech's process modeling customers will have access to one of the world's most comprehensive collections of experimental property data," said 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. , 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. of AspenTech. "This achievement represents unprecedented opportunities for our customers in the design and improvement of their manufacturing processes." The achievement was announced today at AspenTech's Process Modeling Innovation Forum held at the Royal Sonesta Hotel in Cambridge, MA, which featured a program highlighting process modeling technology advancements and innovations by NIST and leading AspenTech customers. Through this agreement, AspenTech will integrate the NIST ThermoData Engine (TDE TDE 1. tetrachlorodiphenylethane-a chlorinated hydrocarbon insecticide. 2. ethoglucid, an antineoplastic agent. ) and the NIST Source Data Archival System (SOURCE) within its market-leading process modeling products, such as Aspen aspen, in botany aspen: see willow. Aspen, city, United States Aspen (ăs`pən), city (1990 pop. 5,049), alt. 7,850 ft (2,390 m), seat of Pitkin co., S central Colo. Plus[R] and Aspen HYSYS[R]. This new database, available as part of AspenTech's aspenONE V2006 for Process Engineering, more than doubles the number of components in the product library by adding nearly 12,000 new compounds. The new components will allow users to more accurately and efficiently model a much wider range of processes. Future directions for NIST-AspenTech cooperation include dynamic linking of the NIST TDE and AspenTech's process modeling technology, expansion to growth technologies like pharmaceuticals and biofuels, and the incorporation of complex high-level computational Having to do with calculations. Something that is "highly computational" requires a large number of calculations. methods, such as molecular simulation. In addition, the NIST Source Data Archival System will be continually enriched with new experimental data and new compounds from global research and will be made available to AspenTech's customers. NIST is a non-regulatory federal agency within the U.S. Commerce Department's Technology Administration. NIST's mission is to promote U.S. innovation and industrial competitiveness by advancing measurement science, standards, and technology in ways that enhance economic security and improve our quality of life. About AspenTech AspenTech is a recognized expert and leading provider of award-winning 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. software and services. AspenTech's integrated aspenONE[R] 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. Over 1,500 leading companies rely on AspenTech's software. For more information, visit www.aspentech.com. e 2007 Aspen Technology, Inc. AspenTech([R]), aspenONE([R]) and the Aspen leaf logo are registered trademarks of Aspen Technology, Inc. All rights reserved. |
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