Indus Expands Hosted EAM Solutions into New Market with License at Western Refining Company.Energy Editors/Business Editors ATLANTA--(BUSINESS WIRE)--Sept. 8, 2003 Web-based EAM (1) (Enterprise Asset Management) The management and control of the information technology assets within the enterprise. The asset management repository includes a description of the asset as well as contract information pertaining to its acquisition. System Offers Rapid Implementation and Cost-Efficient Support for El Paso El Paso (ĕl pă`sō), city (1990 pop. 515,342), seat of El Paso co., extreme W Tex., on the Rio Grande opposite Juárez, Mex.; inc. 1873. Refinery Indus International 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 : IINT), the leading provider of asset and customer management solutions, today announced the company has signed a new license to host a comprehensive enterprise asset management (EAM) solution for Western Refining Company of El Paso, Texas. By implementing the system in a Web-based environment via IndusHosting(TM), Western was able to bring the unparalleled EAM functionality of Indus PassPort(TM) online at its recently acquired refinery rapidly and without a large upfront capital investment. Western purchased the refinery in El Paso from ChevronTexaco, which continues to buy gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by from the refinery to help supply 325 Chevron-branded stations in three states. The refinery, which has a capacity of 107,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. , required a hosted solution for a variety of reasons. First, the hardware on which the refinery's existing EAM system ran resides in the ChevronTexaco headquarters. Secondly, Western needed to put an EAM system in place rapidly to minimize disruptions to the refinery's operations. "After acquiring the ChevronTexaco refinery, it was critical that we keep it running at or close to peak capacity with minimal disruption to our operations or finances. So, we needed to get a system in place as soon as possible and with minimal upfront investment," said Paul Foster Paul Foster may refer to:
The new agreement with Western represents a continuation of Indus' momentum in delivering hosted solutions to asset-intensive markets. Indus' growing list of large companies implementing an IndusHosting solution includes Magnox Electric Plc in the UK, which chose a hosted Passport solution as the work management and compliance system in its operations throughout England and Wales England and Wales are both constituent countries of the United Kingdom, that together share a single legal system: English law. Legislatively, England and Wales are treated as a single unit (see State (law)) for the conflict of laws. . Smurfit-Stone Container Smurfit-Stone Container Corporation (NASDAQ: SSCC) is an American paperboard and paper-based packaging company based in Chicago, Illinois. It has approximately 38,600 employees. Smurfit-Stone was formed in 1998 as a result of the merger between Jefferson Smurfit Corp. Corporation, one of the world's leading producers of containerboard con·tain·er·board n. A corrugated or solid cardboard used to make containers. , also chose a hosted PassPort solution to give 3,200 named users, primarily at 20 Containerboard Mill Division (CMD CMD cerebromacular degeneration. ) plants across the U.S. and Canada, access to the EAM system. "The expansion of the IndusHosting customer base into yet another new market, the oil and gas industry, demonstrates the ability of our hosted model to meet the needs of even the most demanding environments with flexible, scalable and cost-effective solutions," said Greg Dukat, president and COO of Indus. "Through our Web-based solution Indus InSite(TM), we also offer the value of hosted, subscription-based solutions to a wide range of industries such as facilities and property management, discrete manufacturing Fabricating products by assembling components and subsystems into larger systems. The automated assembly line is the prime example of discrete manufacturing such as in the making of automobiles, household appliances and computer systems. , consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one and health care." IndusHosting partners with Digex, a leading provider of enterprise hosting services for businesses worldwide. Through Digex, IndusHosting provides customers with a secure, stable, high-performance managed hosting platform. And, Digex ensures the security of customers' critical business data through their SmartCenters(SM) data centers and dedicated Systems Security Organization. About Western Refining Company Western Refining Company, L.P., is a privately held Delaware limited partnership that was formed in 1993 with corporate headquarters in El Paso, TX. The company changed its name in 2002 from Refinery Holding Company, L.P., to Western Refining Company, L.P. In August 2003, Western purchased Chevron USA Products Company's El Paso refinery, Chevron Pipe Line Company's West Texas Crude Oil pipeline systems, Chevron's marketing terminal in El Paso and other associated assets. Combined with Western's existing El Paso refinery, these facilities have crude oil capacity of 107,000 barrels per day, and Western plans to run at or near capacity. About Indus International Indus International provides breakthrough value to its clients by delivering ActionPoint Management, a business improvement program which delivers all the information needed by an end user to make the best decision possible at the point where that decision is made. Indus asset and customer management software products, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and hosted service offerings improve our clients' profitability by reducing costs, increasing capacity and competitiveness, improving service to their customers, facilitating billing for services and ensuring regulatory compliance. Indus asset management solutions are used by more than 300,000 end users in more than 40 countries and diverse industries -- including manufacturing, utilities, telecommunications, government, education, transportation, facilities and property management, consumer packaged goods and more. And, Indus customer management products and services are used by nearly 200 customers to support more than 70 million utility accounts worldwide. For more information, visit our Website at http://www.indus.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Statements in this press release that are not strictly historical, including but not limited to statements regarding Indus' market position, customer base and the impact on future financial results, are ``forward-looking'' statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such 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. . Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company's products and services, the ability to complete software development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company's most recent periodic filings with the Securities and Exchange Commission, including its 2002 Annual 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. filed on March 31, 2003. Indus, PassPort and IndusHosting are trademarks of Indus International Inc. Other company and product names may be trademarks of the respective companies with which they are associated. |
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