Computing Technologies International, Inc. Marks Its Entry into the Worldwide Power Generation Industry; Company Completes funding arrangements with Helix Investments (Canada) Ltd., and ships its EnergiTools product.SAN JOSE San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--March 4, 1996--Computing Technologies International, Inc. (CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. ) today announced its formation to address the growing need for improved efficiency and reduced operating costs operating costs npl → gastos mpl operacionales in nuclear and fossil fueled fossil fuel: see energy, sources of; fuel.
Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas. power generation facilities.
Its first product, EnergiTools, is an interactive set of platform independent modular software See modular programming. tools which can be integrated into existing power plant operations resulting in improved efficiency, reduced operating costs and optimized chemical emissions. EnergiTools comes at a time of deregulation Deregulation
The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry.
Traditional areas that have been deregulated are the telephone and airline industries. of the industry and implementation of the Clean Air Act. Its availability enables the utility company to be more competitive in the open market and conform with Clean Air Act requirements.
EnergiTools was recently chosen by Vattenfall AB of Sweden. Installation has begun at their 3500 MWe Ringhals Nuclear Power Plant Ringhals is a Swedish nuclear power plant with 4 reactors, three PWRs and one BWR. It is situated on the Värö Peninsula (Swedish: Väröhalvön) approximately 60 km south of Göteborg. . "We plan to enhance the system by integrating add-on interactive tools over time as our needs develop," said Kjell Ringdahl Of Vattenfall AB. "We believe that EnergiTools will give us an even better understanding of our process and also better ways to keep track of and improve efficiency, which translates to considerable savings in plant operation and maintenance activities. EnergiTools integrates well with our existing systems and requires only moderate training."
Helix Investments of Toronto, Canada is the sole funding partner. "CTI's unique approach to reducing the cost of making electricity presents a tremendous opportunity for the electric utility industry and for Helix," said Ben Webster For the Canadian businessman, see Ben Webster (businessman).
Benjamin Francis Webster (March 27 1909–September 20 1973) was an influential American jazz tenor saxophonist. , chairman and president, Helix Investments.
"The formation of our company and availability of EnergiTools comes at a very important time for electric utilities in domestic and overseas markets," said Parveen Jain, chairman and president of CTI. "In 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. , utilities are faced with service deregulation and Clean Air Act regulations. With EnergiTools, utility companies can meet the competitive and regulatory requirements of both without changing the traditional way they do business."
"Internationally, government owned electric utilities are being transferred to private ownership in increasing numbers, leading to intense competition in those markets," said Earl Thelen of CTI. "In markets that have government owned utilities, there are strict operation and maintenance guidelines with emphasis on efficiency and solutions to environmental issues. These are the catalysts which are increasing worldwide demand for the availability of new technologies and efficiency tools."
The company was formed by three versatile and seasoned Silicon Valley technology and business professionals who are intimately familiar with the electric utility industry: Dr. Parveen K. Jain, chairman and president; Earl Thelen, executive vice president, marketing and sales; and K. Jeyarasasingam, executive vice president, engineering.
CTI develops and markets productivity enhancement software that improves plant efficiency and optimizes chemical emissions for the electric utility and process industries worldwide.
CONTACT: Computing Technologies International, Inc.
Earl Thelen, 408/436-8011 ext. 214