Aspen Technology (ticker: AZPN, exchange: NASDAQ Global Market (.O))
News Release -
Leading Chemical and Petroleum Industry Working Group to Present at AspenWorld 2004
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sept. 20, 2004--Major producers to highlight progress in defining, developing and
deploying next generation supply chain and manufacturing solutions in
collaboration with AspenTech and its partners
Aspen Technology, Inc. (Nasdaq: AZPN) today announced that a group
comprising 13 major chemical and petroleum producers will be hosting a
session at the AspenWorld 2004 conference, October 10-15, 2004, in
Orlando, Florida. The Foundation Client Program (FCP) group,
established through relationships with AspenTech and its partners,
will be highlighting its progress in defining, developing and
deploying the next generation of supply chain and manufacturing
The FCP group has been directly providing strategic product and
industry direction to AspenTech's solutions for the past two years.
Input from the group has already helped to validate a number of
important product development decisions, including the move to align
the company's solutions with the ISA S95 standard. As long-term
AspenTech customers, the FCP members have also played a key role in
developing the company's Enterprise Operations Management (EOM)
strategy, and in defining the Aspen Operations Manager product that
provides the platform for AspenTech's solutions for the EOM market.
During the FCP session at AspenWorld, speakers from leading member
companies will present an overview of the FCP program, and will
describe its achievements in identifying solutions for the common
critical operational issues facing the chemical and petroleum sectors.
The session will also include presentations by selected FCP members
who have already deployed solutions as part of the program, and who
will describe details of the implementations and the operational
benefits they have realized.
"The concept of the FCP group is to bring operating companies
together with solutions leaders to define the next-generation business
processes and software solutions to improve operations," said Dan
Rozinski of Rohm & Haas, team leader of the FCP Chemical Workgroup.
"The program is giving all the member companies an opportunity to
realize a solution to the complex problems that everybody in the
industry has been struggling with."
Other speakers during the session include founding FCP board
members Eric Cosman of Dow Chemical, Sal Grasso of DuPont, Mike Knight
of BP Oil International, and Jim Veale of NOVA Chemicals. They join
representatives from a wide range of leading process companies who
will be contributing to an AspenWorld 2004 (www.aspenworld2004.com)
program which includes nearly 300 presentations on key industry and
"The FCP initiative is playing a critical role in shaping the
direction and development of innovative new solutions for the chemical
and petroleum industries that will enable significant competitive
advantage and improve bottom line results," said Steve Pringle, Senior
Vice President of AspenTech. "The AspenWorld 2004 conference
represents a significant opportunity for the FCP group to highlight
their achievements and to encourage other process manufacturers to
make a contribution to this strategic program."
Aspen Technology, Inc. provides industry-leading software and
implementation services that enable process companies to increase
efficiency and profitability. AspenTech's engineering product line is
used to design and improve plants and processes, maximizing returns
throughout an asset's operating life. Its manufacturing/supply chain
product line allows companies to increase margins in their plants and
supply chains, by managing customer demand, optimizing production, and
streamlining the delivery of finished products. These two offerings
are combined to create solutions for enterprise operations management
(EOM), integrated enterprise-wide systems that provide process
manufacturers with the capability to dramatically improve their
operating performance. Over 1,500 leading companies already rely on
AspenTech's software, including Aventis, Bayer, BASF, BP,
ChevronTexaco, Dow Chemical, DuPont, ExxonMobil, Fluor,
GlaxoSmithKline, Shell, and Total. For more information, visit
AspenTech and the aspen leaf logo are trademarks of Aspen
Technology, Inc., Cambridge, Mass.
Aspen Technology, Inc.
Robin Swanger, 281-504 3256
Aspen Technology, Inc.
Joshua Young, 617-949-1274