Foster Wheeler's Advanced Systems Group to Offer Intelligent Systems Based on Gensym Technology.CAMBRIDGE, Mass.--(BUSINESS WIRE)--May 29, 1998-- Foster Wheeler Signs Gensym Systems Integrator Agreement Gensym Corp. (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 :GNSM), a leading provider of software and services for intelligent systems, and Foster Wheeler USA Corp. (NYSE NYSE See: New York Stock Exchange :FWC FWC Fish and Wildlife Conservation Commission (Florida) FWC Foster Wheeler Corporation (Clinton, NJ) FWC Family Winemakers of California FWC Fresh Water Cooling FWC Flight Warning Computer ), a leading engineering and construction company, today announced that Foster Wheeler's Advanced Systems organization will be offering systems integration services for Gensym's G2(r) family of software. "This is a strategic alignment for both companies," said Gensym President Robert Moore Robert Moore may refer to
In August 1997, Foster Wheeler established its Advanced Systems group to provide new technology solutions for the process industries. Led by Herman Bozenhardt, Vice President Foster Wheeler USA, the group provides solutions in the areas of process planning and scheduling, dynamic quality analysis, operator decision support systems, on-line process optimization Process optimization is the practice of making changes or adjustments to a process, to get results. Optimization is the use of specific techniques to determine the most cost effective and efficient solution to a problem or design for a process. , and process modeling and simulation. In addition, it will be developing integrated solutions for advanced control, plant quality systems, databases, manufacturing execution systems, electronic batch record systems, and laboratory systems. "We at Foster Wheeler are very pleased to be associated with Gensym and its products -- they are clearly a technological leader in intelligent systems," said Bozenhardt. "Foster Wheeler has begun this partnership with a flying start by investing in G2-based product development in several areas: for pharmaceuticals we are developing a fermentation decision support system, for petroleum a delayed coking optimizer, for process manufacturing The manufacturing industry that uses process control systems. See process control. a dynamic production scheduling and planning system See spreadsheet and financial planning system. , and to accelerate the design of engineering applications, we're developing a rapid design modeling tool." Foster Wheeler is deploying its Advanced Systems practice internationally. The first Advanced Systems practice is in Clinton, N.J. and practices are now being developed at Foster Wheeler offices in Milan, Italy and Reading, England. Foster Wheeler USA Corp.--a major 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. subsidiary of Foster Wheeler Corp.--designs, engineers and constructs plant facilities for pharmaceutical producers and a wide range of other process industries. The company also provides a complete scope of environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, , including remedial investigations and feasibility studies, together with hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. and toxic substance cleanups. The corporation's headquarters are in Clinton, N.J. For more information about Foster Wheeler, visit its World Wide Web site at www.fwc.com. Founded in 1986, Gensym Corp. is a leading supplier of software and services for intelligent systems that help organizations manage and optimize complex dynamic operations. Common applications include quality management, process optimization, dynamic scheduling, network management, energy and environmental management, and process modeling and simulation. Gensym has sold more than 9,000 product licenses to organizations in manufacturing, communications, aerospace, transportation, government, and other industries. Based in Cambridge, Mass., Gensym has offices in North America, Europe, Africa and Asia/Pacific. Visit Gensym on line at www.gensym.com. CONTACT: Gensym Corp. Foster Wheeler Betsy Gartner Harry Levy (617) 588-9241 908-730-4448 bgartner@gensym.com harry_levy@fwc.com |
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