BP Expands Existing Applix Relationship with Additional Million-Dollar Contract; BP Rolls Out Applix iPlanning to its Global Exploration and Production Operation.Business/Technology Editors WESTBORO, Mass.--(BUSINESS WIRE)--March 13, 2001 Applix, 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 :APLX), a global provider of customer analytics and business planning software, announced today that it has secured an additional contract with BP to implement Applix iPlanning analytics and business forecasting solutions. Valued at more than one million U.S. dollars, the contract expands the existing relationship with BP to a global level. The current project validates the success of BP Amoco's existing Applix iPlanning deployment for BP's U.S. "Deep Water" exploration project, announced on November 8, 2000. Leveraging Applix iPlanning's unparalleled capabilities to conduct real-time financial calculations of massive volumes of data, the new project expands Applix iPlanning's use to BP's entire upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger business unit across 300 users globally. Key to BP's selection of Applix iPlanning for its customer analytics and business planning requirements is Applix iPlanning's ability to conduct complex calculations "on the fly" and perform "what if" analyses of multiple business scenarios. "Applix is very appreciative of the opportunity to extend its relationship with BP," said Alan Goldsworthy, 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. and president, Applix. "Over the past year, we have helped BP streamline its forecasting processes and predict various business scenarios in order to optimize optimize - optimisation its business decision-making. We look forward to the continued relationship to support BP's business goals." About BP BP is one of the world's largest oil, gas and petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. groups. Turnover in 2000 was in excess of $161 billion. The company's main activities are exploration and production of crude oil and natural 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 , marketing, supply and transportation; and manufacturing and marketing of petrochemicals. In addition, the company has a growing activity in gas and power and in solar power generation. Visit www.bp.com for more information. About Applix Applix, Inc. (NASDAQ:APLX) is a global provider of customer analytics and business planning software that rapidly transforms information into knowledge, enabling companies worldwide to obtain and retain customers through better decision-making. Applix captures information from every corner of a company's extended enterprise, including internal and external customers, financial operations, partners and suppliers. Its flexible, scalable products - designed to adapt to companies' unique and competitive business processes - provide analysis, planning, measurement and response to changing customer requirements and business dynamics, all in real time. Applix is one of the world's only single source providers of CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. , customer analytics and business planning, making it a pioneer of Demand Chain Management. Headquartered in Westboro, MA, Applix maintains offices in eight countries and has more than 4,000 customers worldwide. For more information on Applix, please visit www.applix.com. Notes to Investors: This press release contains certain 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. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially. Specifically, comments related to the demand for, revenue from and acceptance of the Company's products and the Company's position in the markets, may be considered forward-looking and subject to a number of risks and uncertainties, including but not limited to: the rate of growth in market demand for the products; the acceptance of the Company's products; intense competitive conditions; rapid technological change; frequent new product introductions and evolving domestic and international standards, which may render existing products and services obsolete. Refer to the Company's most recently filed Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for a list of factors as discussed under "Factors Affecting Future Operating Results." Applix does not undertake - and specifically declines any obligation - to publicly release the result of any revision that may be made to any forward-looking statements to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" or to reflect the occurrence of anticipated or unanticipated events. All trademarks, registered trademarks, and service marks are the property of their respective owners. |
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