AspenTech Delivers Enhanced Solutions for Process Lifecycle Management.Business Editors/High-Tech Writers CAMBRIDGE, Mass.--(BUSINESS WIRE)--Oct. 6, 2003 New release of 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. Engineering Suite(TM) solutions enables process companies to realize increased returns through more effective engineering design, simulation and optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. 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: AZPN) today announced the release of a new version of the Aspen Engineering Suite (AES(TM)), AspenTech's integrated family of software solutions for economic evaluation, engineering design, simulation and optimization. AES 12.1 incorporates a comprehensive range of enhancements that will enable process companies to increase engineering efficiency and to improve their engineering and operational decision-making decision-making, n the process of coming to a conclusion or making a judgment. decision-making, evidence-based, n a type of informal decision-making that combines clinical expertise, patient concerns, and evidence gathered from . Important new features include an improved collaborative engineering environment, more powerful simulation and optimization technologies, and more flexible tools for process equipment design and analysis. "Our clients recognize the value they can realize by implementing the AES solutions for Process Lifecycle Management to maximize the returns from their plants and manufacturing processes," said Manolis Kotzabasakis, Sr. Vice President of Engineering at AspenTech. "This new release will enable companies to make even better business decisions throughout the life of a process: at the initial planning stage, during design and detailed engineering, and, equally importantly, in the improvement and optimization of the actual operating performance." The Aspen Engineering Suite provides the basis for Process Lifecycle Management solutions tailored to the needs of the major process industries including oil & gas, refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar , chemicals, pharmaceuticals, and consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and . These industry solutions are modular and scalable, combining tools for collaborative engineering, design, simulation and optimization to enable accurate model-based analysis and decision-making. AES 12.1 incorporates some significant new functionality to further improve and integrate engineering workflows. Some key highlights are: -- Enhanced collaborative engineering - Aspen Zyqad(TM), AspenTech's multi-user collaborative engineering environment, has been extensively updated to enhance real-time collaboration between users and to support the more efficient sharing of engineering data and documents between partnering companies. -- More powerful simulation and optimization - Improvements to the Aspen Plus(R) simulation environment mean that engineers can now use "equation-oriented" techniques to solve a broader range of process operations, providing them with the engineering solving power and flexibility they need to quickly generate the most profitable alternatives for a wide variety of processes, from the simplest to the most complex. Another major development is that both Aspen Plus and HYSYS(R) are now able to import simulation models from Aspen Customer Modeler(R), providing companies with an efficient and flexible way to design and optimize optimize - optimisation new or unique manufacturing processes. -- Integrated equipment design and analysis - AES 12.1 provides a number of enhanced capabilities for the design and analysis of heat exchangers 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. , including closer integration between the different AES products. It is now possible to transfer data from the HTFS HTFS High Throughput File System TASC TASC The After School Corporation TASC The American Surrogacy Center TASC Treatment Accountability for Safer Communities TASC The Analytic Sciences Corporation TASC Transportation Administrative Service Center TASC Total Administrative Services Corporation (TM) thermal design and analysis tool directly into Aspen Teams(R) for mechanical design calculations, and also to model heat exchangers with TASC Thermal within an Aspen Plus simulation. The Aspen Engineering Suite is an essential element of AspenTech's solutions for enterprise operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. (EOM (End Of Message) A character that signals the end of the current message. ) in the process industries. These integrated, enterprise-wide solutions combine engineering and manufacturing/supply chain technologies to help companies optimize the way they engineer and run their manufacturing and supply chain operations. About AspenTech Aspen Technology, Inc. provides industry-leading software and implementation services that enable process companies to increase efficiency and profitability. AspenTech's engineering product line is used to design and improve plants and processes, maximizing returns throughout an asset's operating life. Its manufacturing/supply chain product line allows companies to increase margins in their plants and supply chains, by managing customer demand, optimizing production, and streamlining the delivery of finished products. These two offerings are combined to create solutions for enterprise operations management (EOM), integrated enterprise-wide systems that provide process manufacturers with the capability to dramatically improve their operating performance. Over 1,500 leading companies already rely on AspenTech's software, including Aventis, Bayer, BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida , BP, ChevronTexaco, Dow Chemical, DuPont, ExxonMobil, Fluor, Foster Wheeler, GlaxoSmithKline, Shell, and Total. For more information, visit www.aspentech.com. AspenTech, Aspen Engineering Suite, Aspen Zyqad, Aspen Plus(R), HYSYS(R), Aspen Customer Modeler(R), HTFS TASC(TM), Aspen Teams(R) and the aspen leaf logo are trademarks of Aspen Technology, Inc., Cambridge, Mass. |
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