Shell Global Solutions named authorized value-added supplier of aspenONE (tm) Planning, Scheduling, and Blending module
ORLANDO, FL-October 11, 2004- Aspen Technology, Inc. (Nasdaq: AZPN) and Shell Global Solutions International BV today announced that they have executed a cooperation agreement to deliver planning, scheduling, and blending solutions to the petroleum refining industry. Under terms of the agreement, Shell Global Solutions will be an authorized value-added reseller and implementer of choice for the Planning, Scheduling and Blending module of aspenONE for Petroleum. aspenONE for Planning, Scheduling and Blending consists of AspenTech's industry leading software Aspen PIMS (tm) , Aspen Orion XT (tm) and Aspen MBO (tm), and helps petroleum companies manage and optimize their refinery operations, resulting in more efficient processes, increased utilization and improved margins.
"From the customer's perspective, this relationship expands the options for high-value-added solutions in the petroleum supply chain," said Greg Lewin, CEO, Shell Global Solutions International BV. "aspenONE for Petroleum is a compelling solution, and its Planning, Scheduling and Blending module has wide market acceptance. Deploying the module in combination with the operational experience, best practices and delivery capabilities of Shell Global Solutions, can bring more value to customers than the two in isolation. Shell Global Solutions will be able to offer and apply this solution as part of supply chain and business-wide improvement programs in the oil & gas, petroleum and chemicals industries."
"We recommend Shell Global Solutions as implementer of choice, given their expertise, extensive operational experience and best practices in refinery planning and scheduling," said David McQuillin, President and CEO, AspenTech. "We have also given exclusive access to our implementation know-how to Shell Global Solutions. There are significant opportunities for the refining industry to improve margins, and the combination of our capabilities will help customers to capture even more value. T his agreement is a strong validation of AspenTech's strategy to deliver petroleum industry solutions for the Enterprise Operations Management market space."
Future priorities for the cooperation will include the introduction of an expanded range of solutions, developed by integrating the capabilities of existing products currently offered by AspenTech and Shell Global Solutions.
About Shell Global Solutions
Shell Global Solutions is a network of independent technology companies in the Royal Dutch/Shell group. It provides business and operational consultancy, technical services, and research and development expertise to the energy industry worldwide. Its aim is to help its customers raise their business performance. Combining leading-edge technology with extensive operating experience, it provides innovative, yet practical solutions, designed to add maximum value to its customer's operations. It sits at the interface between technology and business and understands the kind of challenges that its customers in industry face. Shell Global Solutions supports customers in a variety of sectors: oil exploration and production; refining, from product manufacture to supply and distribution; oil marketing, for fuels, lubricants and bitumen; gas and liquefied natural gas; chemicals; process industries including automotive, power and paper; and motorsport. For more information, visit www.shellglobalsolutions.com .
Aspen Technology, Inc. provides industry-leading software and implementation services that enable process companies to use simulation models to increase efficiency and profitability. aspenONE, a new generation of software solutions from AspenTech, represents a major step forward in helping process manufacturers achieve their strategic operational excellence initiatives. The first comprehensive offering to address the demands of the Enterprise Operations Management (EOM) market, aspenONE provides companies with integrated systems that enable them to manage and optimize their operational 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 www.aspentech.com
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