Global Industry Leader Launches Assay Management for Aspen PIMS™, New Functionality for Aspen DMCplus®, Updated Aspen Search for Aspen Plus® and Aspen HYSYS® Users
UNITED ARAB EMIRATES - May 16, 2012 - Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced new updates to the aspenONE software suite:
New Release of aspenONE® Advanced Process Control Software Delivers Groundbreaking New Functionality
This new functionality enables process manufacturers to operate units close to peak performance while simultaneously generating closed loop data suitable for calibrating APC models. This breakthrough in the field of control technology is the latest innovation in aspenONE APC, the world's leading advanced process control solution. The new functionality eliminates aggressive step testing while preserving the economic benefits of Aspen DMCplus® applications.
New Configuration Wizards make it easy to configure Aspen DMCplus controllers to calibrate APC models. This is an example of incorporating expert knowledge in the software to enable best practices by first-time users. The new release also upgrades the performance of Aspen Adaptive Modeling by automatically slicing out bad data resulting from problematic PID loop conditions -- including valve saturation, PID mode changes, process upsets and bad measurements. This greatly improves control model fidelity.
These improvements enhance the value proposition of Aspen DMCplus software by improving the synergy between multivariable predictive control, intelligent data selection and closed loop model identification. This makes it easier to maintain highly accurate models as plants change over time.
AspenTech Introduces Crude Assay Management for Aspen PIMS™ Refinery Planning Software
The new functionality in Aspen PIMS enables refinery planners to deliver more accurate plans and make better crude purchase decisions, yielding higher profitability. Aspen PIMS software helps petroleum and petrochemical companies optimize feedstock selection, operational execution and product slate. The new release of Aspen PIMS delivers a breakthrough in assay management that makes it easier for planners to add, modify and re-cut assays. This streamlines workflow, makes updating assays faster, and reduces manual errors that require planners to re-enter or upload assay information.
Additional functionality in the new release of Aspen PIMS includes enhanced parametric analysis. This enables planners to run more cases to analyze more crude scenarios quickly, delivering better insight for improved decision-making and performance. The new release also makes it easier to share assays and production targets with Aspen Petroleum Scheduler (formerly Aspen Orion). Improved collaboration aligns plans with operations for more profitable results.
New Release of aspenONE® Software Enables Process Engineers to Display Real-Time Data on Simulation Flowsheets for the First Time
For the first time, process engineers can now compare simulation results to historical and real-time data on the simulation flowsheet. This unique new functionality makes it easier for Aspen Plus and Aspen HYSYS users to optimize and troubleshoot their manufacturing assets. Aspen Plus and Aspen HYSYS can now optimize data discovery and analysis to help make better decisions. They can find plant data based on characteristics including tag types and tag attributes. Search delivers the right information faster, with results organized by relevance and previews available for all historical attributes.
Process engineers can find models, tags, documents and data in seconds, even if they have not used Aspen Plus or Aspen HYSYS software before. They can search by features, components, reaction, unit operation types and more. Search functionality in Aspen Plus and Aspen HYSYS also helps companies build modeling communities. Models remain current because it is easier to find, connect and collaborate with model authors. This delivers continuous value across the organization, capturing and preserving institutional knowledge.
According to Salvador Aldrett, Research Engineer, Shell Global Solutions: "After testing, this looks like the perfect application for process support people: they can quickly find relevant models and compare them with plant data to enable troubleshooting."
The new releases are available immediately. For more information, visit http://www.aspentech.com/v7.
Supporting Resources
About AspenTech
AspenTech is a leading supplier of software that optimizes process manufacturing - for energy, chemicals, pharmaceuticals, engineering and construction, and other industries that manufacture and produce products from a chemical process. With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations. As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient. To see how the world's leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.
© 2012 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen leaf logo, OPTIMIZE, and the 7 Best Practices of Engineering Excellence are trademarks of Aspen Technology, Inc. All rights reserved. All other trademarks are property of their respective owners.
Ahmed Said | NettResults - International Marketing and Public Relations
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© Press Release 2012