Elsag Bailey Awarded Automation Project for Louisiana Energy & Power Authority.SUGAR LAND, Texas--(BUSINESS WIRE)--July 8, 1998--Bailey Network Management, a unit of Elsag Bailey Process Automation N.V. (NYSE NYSE See: New York Stock Exchange :EBY EBY Ente Binacional Yaciretá (Argentina-Paraguay) ), announced today it has been awarded a major automation contract by the Louisiana Energy & Power Authority, (LEPA LEPA Low Energy Precision Application (water conserving agricultural irrigation technique) LEPA Louisiana Emergency Preparedness Association ) Lafayette, Louisiana Lafayette is a city on the Vermilion River in Lafayette Parish, in the U.S. state of Louisiana. [1] [2] Lafayette is the parish seat. As of the 2000 census, the city had a total population of 110,257; a 2004 census estimate put the metro area's population at for the replacement of their existing energy management system. Mr. Cordell Grand, Assistant General Manager for the Louisiana Energy & Power Authority, in referring to the importance of the project stated, "Initially, this new system was just a resolution to our Y2K See Y2K problem and Y2K compliant. Y2K - Year 2000 issue. Now, the increased flexibility we anticipate from the new system has us excited. Its design will generate new opportunities by enabling LEPA to provide additional marketable services which could ultimately lower the rates to our existing members." Mr. Grand further commented on their selection of Bailey Network Management for the delivery of the replacement system saying, "We were pleased with the functionality and value of Bailey's Baseline RANGER Ranger Any of a series of unmanned probes launched from 1961 to 1965 by NASA. The project was NASA's earliest attempt to explore the Moon's surface. Ranger 4 (1962) became the first U.S. spacecraft to hit the Moon, crash-landing on its surface as planned. (TM) System. Bailey's commitment to meet our aggressive delivery schedule and their desire to understand our needs makes us feel comfortable in our selection. This is a critical project for our organization." Elsag Bailey acquired Bailey Network Management in 1993, and has since restructured the company's marketing and sales force, and management team. Substantial ongoing investments in development of the company's RANGER(TM) Energy Management System, plus expansion to new customer markets, have positioned Bailey Network Management to participate in the privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned and deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of global electric power markets, through the resulting demand for improved management solutions. Bookings for the company in the last twelve months have grown to exceed $64 million. These sales include nearly $10 million awarded in recent months by North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. utility customers, signalling increased demand for the company's products to satisfy the need by customers to remain competitive in a changing environment. These awards demonstrate that Bailey Network Management has established a significant position within the energy management sector, and represents an exciting ongoing growth opportunity for the Company. Located in Sugar Land, Texas, Bailey Network Management, a unit of Elsag Bailey Inc., is a worldwide leader in providing solutions for Supervisory Control and Data Acquisition (application) Supervisory Control and Data Acquisition - (SCADA) Systems are used in industry to monitor and control plant status and provide logging facilities. SCADA systems are highly configurable, and usually interface to the plant via PLCs. , Energy Management and Distribution Management. One of the world's leading process automation companies, Elsag Bailey Process Automation N.V., incorporated in the Netherlands, has grown its revenues to more than $1.5 billion by aggressively expanding its global markets and technologies. The Company employs some 11,000 employees in over 30 countries. Elsag Bailey's computer and electrical products -- control systems, instrumentation products, and analytical devices -- keep its customers on the cutting edge of productivity. Elsag Bailey's global customers are among the leading names in the process industries including electric utilities, oil and gas, chemicals and pharmaceuticals, pulp and paper, water and wastewater, metals and ceramics, and other industrial companies. For copies of additional press releases or quarterly reports, call Elsag Bailey's Fax-on-Demand service at 1-888-329-2311, or visit the Company's web site at www.ebpa.com. Requests for information can also be made via e-mail at investorinfo@bailey.com.
CONTACT: Elsag Bailey Process Automation N.V.
Christopher M. Farage, Ph.D., 440/585-8675
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