CSI Forms Alliance with Chubb to offer Insureds Predictive Maintenance Services.KNOXVILLE, Tenn.--(BUSINESS WIRE)--Nov. 13, 1996--Computational Systems Inc. (NASDAQ/NM:CSIN CSIN Chemical Substances Information Network CSIN Computer Systems Information Network ) today announced a joint business alliance with The Chubb Group of Insurance Companies, Warren, N.J. The alliance was formed to enhance the machinery and predictive maintenance Predictive maintenance (PdM) techniques help determine the condition of in-service equipment in order to predict when maintenance should be performed. This approach offers cost savings over routine or time-based preventive maintenance because tasks are performed only when services available to Chubb's customers. Chubb now can provide additional reliability services to help reduce maintenance costs and improve product quality for a variety of industries including power generators, steel and cement mills, mining companies and other heavy and machinery intensive industries. CSI's division, Paragon Services, offers vibration, lubrication lubrication, introduction of a substance between the contact surfaces of moving parts to reduce friction and to dissipate heat. A lubricant may be oil, grease, graphite, or any substance—gas, liquid, semisolid, or solid—that permits free action of , ultrasonic ultrasonic /ul·tra·son·ic/ (-son´ik) beyond the upper limit of perception by the human ear; relating to sound waves having a frequency of more than 20,000 Hz. ul·tra·son·ic adj. 1. thickness and motor current analysis, infrared thermography thermography (thûr'mŏg`rəfē), contact photocopying process that produces a direct positive image and in which infrared rays are used to expose the copy paper. , precision alignment, and balancing services for plant equipment. CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International also helps identify deficiencies in process and machine design through modal analysis Modal analysis is the study of the dynamic properties of structures under vibrational excitation. Modal Analysis, or more accurately Experimental Modal Analysis, is the field of measuring and analysing the dynamic response of structures and or fluids when excited by an input. , which determines vibration modes; acoustic intensity testing, which identifies noise problems; and performs product quality testing and general troubleshooting. These services can supplement those offered to insureds by Chubb & Son Inc.'s Technical Services Division, which inspects boilers and machinery, evaluates company maintenance practices and fire protection equipment, identifies electrical and other heat-related problems through infrared thermography, and develops business income/contingency plans. "In creating a business relationship with CSI, we will clearly be able to help our insureds obtain many more services that can help prevent or contain losses," said Joseph Palladino, assistant vice president of Chubb & Son Inc. "We chose CSI because of its comprehensiveness. Unlike many other predictive maintenance companies, CSI does not specialize in only one type of testing or one industry. We also were impressed with the fact that CSI develops, manufactures and sells many of the diagnostic tools it uses in its evaluations." With offices in 6 major U.S. cities, the United Kingdom, Belgium and through relationships with other firms, CSI provides services on a worldwide basis. Each year, through training and seminars, the company educates more than 10,000 people in plant maintenance technologies. "Several years ago, CSI identified the significant strategic potential of an alliance with a property and casualty insurance firm," stated Kevin Carey, CSI vice president. "The potential for using CSI's advanced maintenance technologies to help dramatically reduce catastrophic equipment failures made such an alliance a natural." "Significant benefits," continued Carey, "Such as reduced equipment failure and production downtime can help make Chubb's insureds more productive, competitive and profitable. This alliance between Chubb, a leading property and casualty insurance firm, and CSI, a leading supplier of advanced, integrated technologies, is a major step in the application of high technology to make industrial production more efficient and competitive." The member insurers of the Chubb Group of Insurance Companies form a multi-billion dollar organization providing property and casualty insurance for personal and commercial customers worldwide through 5,000 independent agents and brokers. Chubb's global network includes branches and affiliates throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Asia, and Australia. For more information on this alliance, contact CSI at (800) 675-8033, extension 439. CSI BACKGROUND CSI, located on the Internet at http://www.compsys.com, provides advanced maintenance systems and services for machinery reliability, including vibration analysis, oil analysis, thermography surveys, electric motor analysis, machinery alignment and balancing, and on-line continuous monitoring. CSI services, offered through Paragon Services, include product and technology training, management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects , and engineering and predictive maintenance contracting. CSI's unique, integrated technology approach to maintenance is known as Reliability-Based Maintenance(R) ( RBM RBM Roll Back Malaria (global partnership to reduce malaria) RBM Results Based Management RBM Reserve Bank of Malawi RBM Risk Based Maintenance RBM Reliability Based Maintenance RBM Reticular Basement Membrane RBM Radiation Belt Monitor (TM) ). RBM is the process of decreasing maintenance costs and downtime while increasing savings through preventive, predictive, and proactive maintenance Proactive maintenance is a maintenance strategy for stabilizing the reliability of machines or equipment using Proactive maintenance services. Its central theme involves directing corrective actions aimed at failure root causes, not active failure symptoms, faults, or machine wear of machinery and manufacturing processes. The RBM strategy also impacts production output, quality assurance, safety and finance. Instituting this philosophy, CSI has developed as a leading designer and manufacturer of advanced, integrated maintenance products and services worldwide. Today, true to its mission, CSI is providing the tools, technology, and training to change the way the world performs maintenance. CONTACT: Computational Systems Inc. Kathleen Rosecrance, 423/675-2110 or Chubb & Son Inc. Donna Lovre, 908/903-2107 or Gilbert Whitney & Johns Mark Schussel, 201/386-1776 |
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