Saturday, January 17, 2009

AspenTech Introduces aspenONE V7 for Process Engineering

-Groundbreaking Release of aspenONE Software Enables the Seven
Best Practices of Engineering Excellence-

BURLINGTON, Mass. 8 September 2008 -- Aspen Technology, Inc., a
leading provider of software and services to the process
industries, today introduced aspenONE V7 for Process
Engineering. The new release of aspenONE software enables
process industry companies to achieve the seven best practices
of engineering excellence.

- The best practices enabled by aspenONE V7 reflect proven,
state-of-the-art engineering work processes used by leading
AspenTech customers. These process manufacturers and engineering
& construction companies include global leaders such as Dow, BP,
BASF, Fluor and Technip.

- Guided by input from AspenTech’s leading customers around
the world, aspenONE V7 delivers innovations and enhancements
that make it easier for engineering teams to “do more with
less†in the face of shrinking human resources and increasing
market demand.

- Building upon previous innovations from AspenTech, aspenONE V7
includes several process engineering “industry firsts†â€"

o An integrated conceptual engineering workflow via a single
user interface. This tightly integrates simulation, equipment
design and economic analysis, and enables simultaneous rather
than sequential engineering.

o A patented master data model (MDM) that enables process
manufacturers to effectively manage assets across the entire
lifecycle â€" from design through operations.

o An industry-standard, vendor-neutral interface (ISO
15926-compliant) that links basic to detailed engineering,
enabling workflow across multiple types of engineering teams who
need to work together on global projects.

o Out-of-the-box modelling functionality for coal gasification,
bio-fuels, and other alternative energy sources.

o The industry’s most comprehensive physical property database
incorporating over 23,000 components, developed in collaboration
with the National Institute of Standards & Technology (NIST),
supporting complex process modelling and optimisation
requirements.

o The integration of both equation-oriented and sequential
modular approaches to simulation for the Energy industry.

- aspenONE V7 software also delivers additional IT and usability
innovations that provide fast and easy access for users across
the enterprise and simplify deployment and management of the
software:

o “Virtualisation ready†software support for leading
virtualisation technologies from Microsoft, VMware and Citrix,
dramatically reducing deployment time from months to weeks.

o The introduction of the Aspen Licensing Center. The Licensing
Center graphically displays how aspenONE engineering products
are used across the enterprise, making it easier to identify and
replicate best practices, and simplifying access of new products
through on-demand evaluation. (See AspenTech’s Aspen Licensing
Center press release for more information.)

o New operator training simulation (OTS) with a new model
integration framework to help operators get up-to-speed faster
and better manage plant performance.

o Pop-up Viewlets providing instant help and guidance throughout
aspenONE V7.

- As a result of the many innovations in aspenONE V7, process
industry companies can better respond to today’s most pressing
market challenges --

o Rapidly responding to increased capacity needs â€" through
more efficient engineering and re-use of engineering knowledge
in operations.

o Identifying optimal energy management solutions during design
â€" through an integrated conceptual engineering workflow.

o Accelerating alternative energy projects â€" through proven
process models and engineering tools tailored for these markets.

o Executing larger, more complex projects with fewer engineers
â€" through global project execution and a collaborative
framework.

o Achieving greater engineering efficiency â€" through the
ability to support multiple engineering projects on a single PC.

o Improved response to environmental regulations â€" through
accurate modelling of CO2 and acid gas removal.

aspenONE V7 is available immediately. For more information,
visit www.aspentech.com.

Supporting Quotes:

Mark Fusco, AspenTech President & CEO

- “aspenONE V7 changes the game in process engineering. It is
the culmination of over 25 years of focus and leadership by
AspenTech in the process industries. aspenONE V7 was developed
by the brightest minds in process engineering software, working
closely with AspenTech customers who are the world’s leading
process industry companies. It represents a major next step in
our relentless drive to make it easier for process manufacturers
to achieve operational excellence through process
optimisation.â€

Jerry Gipson, Director of Engineering Solutions, Dow Chemical, a
$54B diversified chemical company

- “Over the past several years, Dow has been optimising its
engineering workflow to accelerate the transition from
Conceptual Design to Basic and Detailed Engineering, and we are
always glad to see new offerings that support these efforts. The
integration of process simulation with model-based economic
analysis and equipment design improves our engineering
efficiency, and reduces the potential for error from manual
transfer of data. Automation of data flow among its engineering
tools allows Dow to develop better, more economical process
designs with a higher return on capital investment."

Ashish Shah, Project Automation Director, Fluor, a $16B
engineering & construction company

- "For Fluor, the ability to collaborate with licensors,
Owner-Operators and subcontractors through data exchange is an
important element to executing projects globally. AspenTech is
on the right track with aspenONE V7 in adding important
usability and functionality to help project teams be more
productive. Aspen Basic Engineering, formerly known as Aspen
Zyqad, is a global reference software at Fluor."

Dr. Sid Snitkin, VP & GM of Enterprise Advisory Services, ARC
Advisory Group

- “Companies that can operationalise proven best practices are
better able to achieve optimal performance from engineering
through manufacturing. Products like aspenONE V7 that can
provide the foundation for best practices will help process
manufacturers optimise the value of their assets over the entire
plant lifecycle â€" design, build, operate and maintain.â€

Dr. Ric Jackson, Executive Director, FIATECH Consortium

- “FIATECH is pleased to see a major vendor of tools for
Conceptual and Basic Design embrace ISO 15926. Because of
aspenONE V7’s integrated workflow, fully automated design and
operation of process facilities can now be extended back into
the early stages of the asset lifecycle for the first time.â€

Supporting Resources:

Link to more information at www.aspentech.com/V7 The 7 Best
Practices of Engineering Excellence overview The 7 Best
Practices of Engineering Excellence webinar series The 7 Best
Practices of Engineering Excellence multimedia presentation
aspenONE V7 brochure Link to more information at
http://www.aspentech.com/corporate/press/media_kit.cfm What the
Industry is Saying About aspenONE V7 aspenONE V7 Screen Shots
AspenTech company information

About the author: AspenTech
AspenTech: - http://www.aspentech.com/

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