Magnox Electric Plc Selects Indus International for Multi-million Pound Work Management System.Business Editors & High Tech Writers ATLANTA and ORLANDO, Fla.--(BUSINESS WIRE)--Sept. 10, 2001 Magnox Electric Plc (Magnox) has chosen Indus International's (Nasdaq:IINT) world-leading Enterprise Asset Management (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. ) software solution series as the work management and compliance system for its Dungeness A, Oldbury, Bradwell, Sizewell A, Trawsfynydd, Wylfa, Hinkley A and Berkeley sites. Magnox has set itself the goal of achieving world class safety and environmental standards in all its operations and requires a compliance management system that will underpin its complex processes and procedures. The contract with Magnox is the culmination of an in-depth, twelve-month technical evaluation The study and investigations by a developing agency to determine the technical suitability of material, equipment, or a system for use in the Military Services. See also operational evaluation. and commercial negotiation process. "We are delighted to be selected by Magnox for their comprehensive asset management requirements" stated John King, Managing Director of Indus Europe, Middle East, and Africa. "UK industry recognizes Magnox as a high-profile, dynamic user of business management solutions". The new system will be key to enabling Magnox to operate its power stations up to the end of their working lives and during their subsequent decommissioning Decommissioning is a general term for a formal process to remove something from operational status. Some specific instances include:
"This is one of the most important investments in which Magnox is engaged," said Head of Magnox, Clive Smitton. "To remain compliant with safety and environmental regulations, we need a work management system that will be supportable during our stations' remaining lifetimes and through decommissioning." The agreement represents a significant milestone for Indus. For the first time, Indus is providing a total business solution - including PassPort(TM) software, implementation services, and five years of application hosting via IndusASP(TM). "This is the first major Indus client to select the IndusASP solution," said Art Beckman, Chief Information Officer, Indus International. "And although ASP delivery is a new offering from Indus," continues Beckman, "the company can offer years of deep domain experience delivering innovative technology, industry best business practices, and superior customer support to nuclear clients." Magnox has licensed an extensive suite of PassPort software from Indus, including Work Management, Inventory Management, Document Management, and Engineering Change, Indus Knowledge Warehouse, Alta Vista See AltaVista. (World-Wide Web) Alta Vista - A World-Wide Web site provided by Digital which features a very fast Web and Usenet search engine. As of April 1996 its word index is 33GB in size. Search Engine, Portal J, IndusAnyWare(TM) for Stores, Atlas(TM), Abacus(TM), and IndusConnect(TM) for SAP integration. The implementation will take place over the next 18 months with the first plant go-live scheduled for Q3 2002, and the final site scheduled for Q2 2003. Currently the Indus project team is conducting business process harmonization har·mo·nize v. har·mo·nized, har·mo·niz·ing, har·mo·niz·es v.tr. 1. To bring or come into agreement or harmony. See Synonyms at agree. 2. Music To provide harmony for (a melody). sessions with Magnox station representatives to ensure cross-organizational support and ownership. As part of the change to the new system, a full safety submission will be made to the industry's regulator, the Nuclear Installations Inspectorate. About Magnox Electric Plc Magnox Electric Plc - a wholly-owned subsidiary of BNFL BNFL British Nuclear Fuels LTD - operates the group's nuclear power stations This is a list of major nuclear power plants in all countries in the world. This is an incomplete list. You can help Name of power station Installed capacity in MW Country Atucha I nuclear power plant 357 Argentina , producing electricity for homes and businesses 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. . Magnox - based at Berkeley in Gloucestershire - is also responsible for four other sites currently undergoing decommissioning and one small hydro Small hydro is the development of hydroelectric power on a scale serving a small community or industrial plant. The definition of a small hydro project varies but a generating capacity of up to 10 megawatts (MW) is generally accepted as the upper limit of what can be termed small station in North Wales North Wales (known in some archaic texts as Northgalis) is the northernmost unofficial region of Wales, bordered to the south by Mid Wales and to the east by England. . About Indus International Indus International delivers the value of Enterprise Asset Management (EAM) software solutions to capital-intensive industries around the world. The company provides software and services that help companies to reduce costs and improve overall productivity. By integrating Indus' three decades of deep domain experience, technology and best business practices, clients can become more competitive and profitable while they simultaneously ensure the safety of their employees and surrounding communities. Indus has strategic partnerships with leading big five and ERP vendors to deliver the most comprehensive enterprise software solutions to meet the dynamic needs of complex industries. The company has a strong client base comprised of more than 300,000 users in more than 40 countries. For more information visit our website at http://www.indusinternational.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 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. 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 2000 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. and quarterly reports on Form 10-Q Form 10-Q See 10-Q. . For more information, please contact us at 1-800-35-Indus or e-mail us at indusasp@iint.com. |
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