Petro-Canada Streamlines Fuel Distribution with Aspen Technology's e-Business Supply Chain Solution.
Canadian company first to employ AspenTech's Web-enabled "Multi-Drop"
capability to optimize multiple daily deliveries
CAMBRIDGE, Mass., May 15 /PRNewswire/ --
Aspen Technology Aspen Technology (NASDAQ: AZPN) provides software and professional services to the manufacturing and process industries which allows companies to model, manage, and control their operations.
AspenTech was founded in 1981 by MIT professor Dr. , Inc. (Nasdaq: AZPN), today announced that Petro-Canada will deploy the Aspen Retail(TM) e-business supply chain solution to manage the delivery of fuel to its retail and wholesale customers across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. . The main benefits include better inventory management along the downstream supply chain, lowered distribution costs distribution costs distribute npl → Vertriebskosten pl , and increased customer service.
"Aspen Technology is the only company that offered us a complete solution to unify and optimize our complex distribution network. Aspen Retail will allow us to accurately forecast customer demand, increase utilization of transportation assets, increase motor-fuel profitability, and meet the highest standards of our customers," says Ken Dymock, Manager of Customer Order Fulfillment, for Petro-Canada. "By completely integrating and optimizing our terminal rack to customer supply chain, we anticipate significant improvements in our overall operational performance. We chose AspenTech over several other companies because of their strong understanding of our business and the strength of their solution."
Aspen Retail enables petroleum companies to create an automated, real-time system that optimizes the distribution of fuel from terminal to end-customer. With the Retail solution, Petro-Canada customers will have real-time access to demand forecasts, replenishment plans and delivery schedules, through a web- enabled interface.
As part of the solution, Petro-Canada will utilize the powerful "Multi- drop Optimizer" application. This newest component of the Aspen Retail suite will allow Petro-Canada's diverse commercial agents to perform complex shortest-path scheduling optimization to generate the most efficient delivery routes for multiple daily deliveries of heating oil and other products to homes and businesses across Canada.
"AspenTech's expertise in the process industries and the ease of use of our solutions over the Internet enable us to provide differentiated supply chain solutions that will help Petro-Canada to streamline its downstream petroleum supply chain," said Larry Evans, Chairman 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. of AspenTech. "By leveraging the Internet to drive costs out of the enterprise-wide supply chain and to achieve greater visibility, Petro-Canada will be able to make more effective transportation decisions and drive value to its bottom-line."
The Aspen Retail solution is currently used by six of North America's seven largest oil companies to manage over 38 billion gallons of fuel each year. Aspen Retail is a key component of AspenTech's unique, integrated value chain solution for the petroleum industry.
Petro-Canada is one of Canada's largest oil and gas companies, operating in both the upstream and downstream sectors of the industry. Its common and variable voting shares Voting Shares
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Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol PCA, and its variable voting shares trade on the New York Stock Exchange New York Stock Exchange (NYSE)
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol PCZ PCZ PC Zone (UK magazine)
PCZ Protected Communication Zone
PCZ Physical Control Zones .
Aspen Technology, Inc. is the leading supplier of integrated software and solutions that enable process manufacturers to automate and optimize their plants and extended supply chains, while enabling e-business. With deep process knowledge, best-in-class technology, and strategic alliances with leading business and technology partners, AspenTech offers the industry's broadest family of scaleable solutions, allowing our customers to be successful in the Internet economy. AspenTech's Plantelligence(TM) solutions automate and optimize critical business processes at the plant level. AspenTech's Enterprise Optimization(TM) solutions extend the scope of optimization across the enterprise and extended supply chain. AspenTech eSupply Chain solutions enable manufacturers to link seamlessly to customers, suppliers and on-line trading exchanges, creating a collaborative, flexible extended enterprise. AspenTech employs more than 1,800 people worldwide. For more information, visit http://www.aspentech.com.
Certain paragraphs of this press release contain forward-looking statements for purposes of the 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. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. For this purpose, any statement using the term "will," "should," "could," "anticipates," "believes" or a comparable term is a forward-looking statement. Actual results may vary significantly from AspenTech's expectations based on a number of risks and uncertainties, including: AspenTech's lengthy sales cycle which makes it difficult to predict quarterly operating results; fluctuations in AspenTech's quarterly operating results; AspenTech's dependence on customers in the cyclical chemicals, petrochemicals and petroleum industries; AspenTech's need to hire additional qualified personnel and its dependence on key current employees; intense competition; AspenTech's dependence on systems integrators and other strategic partners; and other risk factors described from time to time in AspenTech's periodic reports and registration statements filed with the Securities and Exchange Commission. AspenTech cannot guarantee any future results, levels of activity, performance, or achievements. Moreover, neither AspenTech nor anyone else assumes responsibility for the accuracy and completeness of any forward-looking statements. AspenTech undertakes no obligation to update any of the forward-looking statements after the date of this press release.
AspenTech, Aspen Retail, Plantelligence, Enterprise Optimization, Aspen eSupply Chain Suite, and the aspen leaf logo are trademarks of Aspen Technology, Inc., Cambridge, Mass.
Peter Watt Carin Warner
Aspen Technology, Inc. Warner Communications
011 44 1223 819752 (978) 526-1960
Aspen Technology, Inc.
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