Datastream Announces New Datastream 7i Calibration Module; Provides Critical Support for Customers in Regulated Industries to Ensure Accuracy of Measurement Devices.Business Editors/High-Tech Writers GREENVILLE, S.C.--(BUSINESS WIRE)--Feb. 2, 2004 Datastream 7i Calibration Module Enables Compliance for Customers in Pharmaceutical, Food, Oil and Gas, Transportation, Power Generation and Other Regulated Industries Datastream Systems, 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 : DSTM DSTM Dual Stack Transition Mechanism DSTM Differential Space-Time Modulation DSTM Don't Shoot the Messenger, Inc (Milton, Ontario, Canada) DSTM Directorate of Science, Technology and Medicine DSTM Department Store Type Merchandise ) today announced that it has released a new Calibration module for its Datastream 7i(TM) asset performance management solution. This advanced module provides calibration capabilities that enable companies to assure that the readings from their instruments, gauges and other devices are as accurate as possible. Proper calibration is especially critical in regulated industries such as pharmaceutical, food, oil and gas, transportation and nuclear power where inaccurate measurements can cost lives, waste precious resources and expose companies to devastating dev·as·tate tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates 1. To lay waste; destroy. 2. To overwhelm; confound; stun: was devastated by the rude remark. regulatory penalties. "In a heavily regulated industry such as pharmaceutical, we simply cannot tolerate any inaccuracy in·ac·cu·ra·cy n. pl. in·ac·cu·ra·cies 1. The quality or condition of being inaccurate. 2. An instance of being inaccurate; an error. in our measurements," said Nick Crist, building operations manager See datacenter manager. , central facilities operations, GlaxoSmithKline Pharmaceuticals R&D. "We are already using Datastream 7i to optimize the performance of all of our production, scientific-instrument and facility-related assets across multiple plants in US R&D. We also are using the solution to automate our compliance with the FDA's 21 CFR CFR See: Cost and Freight Part 11 regulation through electronic signatures and records. Having a fully integrated calibration module is the ideal solution to our incredibly demanding calibration requirements." The Datastream 7i Calibration module provides the platform companies need to implement high quality calibration programs and processes for regulatory compliance. And because it is fully integrated with Datastream 7i, companies can deploy the Calibration module across multiple sites from a single instance of server software. This enables them to standardize calibration processes across all locations--because all workers are using the same application-- and thus reduces human errors and exposure to regulatory risks or non-compliance. The Calibration module enables customers to enter key calibration information for each device--such as test points, input and output unit of measures, standard operating procedure standard operating procedure Medtalk A technique, method or therapy performed 'by the book,' using a standard protocol meeting internally or externally defined criteria; a formal, written procedure that describes how specific lab operations are to be performed. number, device range, as well as operational and alert tolerances--and then Datastream 7i automatically generates calibration work orders when they are due. When a work order is issued, workers can enter data from each device into the relevant fields in the work order, and the Calibration module automatically calculates if there are any "out of range" deviations. If there are, the issue can be corrected and "as left" conditions logged for the device. Datastream 7i provides robust reporting capabilities that enable companies to view and fully analyze their calibration histories for process improvement opportunities. Customers using the Datastream 7i Mobile advanced module can gain further efficiency gains by having workers enter their calibration information directly into handheld devices. "Datastream 7i has been successfully deployed in virtually every major regulated industry and has been particularly successful in helping pharmaceutical companies comply with the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. 21 CFR Part 11 regulation," said Datastream 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. Larry Blackwell. "The new Datastream 7i Calibration module extends this heritage of helping customers meet regulatory requirements, while delivering fast ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). through increased equipment reliability, better buy/repair decisions and documented verification of measurement equipment for internal and external regulatory requirements." About Datastream Systems, Inc. Datastream Systems, Inc. (NASDAQ: DSTM) provides Asset Performance Management software and services to enterprises worldwide, including more than 65 percent of the Fortune 500. Datastream's solutions combine world-class asset management functionality with advanced analytics to deliver a powerful platform for optimizing enterprise asset performance. By using Datastream's solutions, customers can maintain and manage capital assets capital assets n. equipment, property, and funds owned by a business. (See: capital, capital account) - such as manufacturing equipment, vehicle fleets and buildings - and create analyses and forecasts so they can take action to improve future performance. Datastream's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Datastream 7i, delivers a complete Asset Performance Management infrastructure by combining an Internet architecture with broad enterprise asset management functionality, integrated procurement, advanced analytics and multi-site capability. Datastream was founded in 1986 and has customers in more than 140 countries. For more information, visit www.datastream.net. Datastream and Datastream 7i are marks of Datastream Systems, Inc. or its subsidiaries. All other products or Company names mentioned are used for identification purposes only and may be trademarks of their respective owners. This press release contains 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. that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to: increasing competition in the markets in which the Company competes; the stability of certain of the Company's strategic relationships, including those with suppliers of maintenance, repair and operations Maintenance management or Maintenance, (MRO'), is fixing any sort of mechanical or electrical device should it become out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble parts; the ability of the Company to: sell larger and more complex software solutions, successfully transition to the development of further Internet-based products, successfully implement an application service provider business model, enhance its current products and develop new products that address technological and market developments; and other risk factors listed from time to time in the Company's SEC reports, including, but not limited to the "Risk Factors" contained in the Company's Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2002. The Company does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in the Company's expectations or any changes in events, conditions or circumstances on which any forward-looking statement is based. |
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