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Advanced Process Control for the Refining and Petrochemical Industry
  Matrikon™ acquires Resolution Integration Solutions to advance industrial intelligence infrastructure
Highlights
 
 
  • Resolution Integration Solutions technology complements Matrikon's strategic vision of an industrial intelligence infrastructure which delivers a single version of plant data.
  • Combined technology resolves critical industrial issues such as aggregating data from disparate sources, extracting information and data from standalone applications and spreadsheets.
  • The infrastructure supports applications and solutions at the plant level (efficiency and performance) and at the business level (managing, reporting and analysis) to provide consistent, comprehensive and auditable information across the organization.
Edmonton, AB - April 27, 2005 Matrikon Inc. (TSX:MTK), a leading provider of solutions for industrial intelligence, today announced that its U.S. subsidiary (Matrikon International, Inc.) has acquired the business of Resolution Integration Solutions, Inc. (RIS). Headquartered in Solon, Ohio, RIS is a plant management information system technology company.

Nizar J. Somji, president and CEO of Matrikon, commented on the acquisition: "The RIS technology will fast track our vision of a framework that will forever change how process and manufacturing data is managed, used, translated and audited and will add significant value to our client's existing technology investments."

"We see this technology as having a similar impact to the operations space as enterprise resource planning systems have had in the business space over the past ten years," said Peter Lawrence, CEO of RIS. "That is how strategic it is to plant operations. We are excited to join Matrikon and expect Matrikon's global sales and marketing experience to have a positive impact on the adoption rate of the technology."

Matrikon's strength in real-time data access and web visualization coupled with a deep understanding of plant operations in a variety of industries are complemented by Resolution's data infrastructure, which aggregates data from disparate applications as well as acting as a data repository, and provides comprehensive audit capability for all data.
The result is a platform that delivers integrated plant intelligence and a single version of auditable master data. This enables industrial facilities to assimilate the information and data that typically resides in isolated silos throughout the enterprise. The auditable master data set addresses an issue that is gaining significant visibility globally due to increased compliance and security regulations and the need for reliable and accurate data to ensure appropriate business decisions are reached based on the most accurate information.

Information and knowledge from a variety of systems (historians, lab information, spreadsheets, business systems) is brought together and made accessible for seamless, consistent information flow across the organization. This infrastructure will form the framework of Matrikon's industry-based solutions, and existing products will benefit from expanded functionality.
Matrikon has been an integration partner of RIS for the past five years and will continue to deploy the RIS software for new customers and support the existing client base. RIS' business will continue under the Matrikon U.S. subsidiary, Matrikon International Inc. RIS's client base of 1,200 users are predominantly in the chemical, petrochemical, gas processing, and refining industries. RIS and Matrikon have a track record of success on common engagements, however business overlap between the two companies is minimal.

Matrikon paid approximately USD$919,000 by the issuance of 328,266 Matrikon common shares (subject to adjustments and holdbacks) for the net assets of RIS. These assets include RIS's plant information system software and customer support contracts.

About Resolution Integration Solutions, Inc. RIS, www.ris-resolution.com , founded in 1996, is a leader in providing application integration solutions to process industries based on its RESOLUTION™ product, which reduces the effort to integrate plant data and applications. It can be implemented for an entire facility, or in one business area at a time, and has the capability to be dynamically configured to match changing user business processes. About Matrikon Inc.

Matrikon is a leading provider of technology that delivers solutions for plant intelligence and through innovation, is shaping the future of industrial companies. Our technology enables plants to achieve operational excellence by transforming production data into knowledge to predict and prevent problems and optimize operations. Our customers achieve agile operations through the combination of external market and plant information to make informed, intelligent decisions in real-time.
With offices in major cities throughout North America, Australia, Europe and the Middle East and a global client base including industry leaders in a wide range of manufacturing and process industries, Matrikon's reach is global.
Matrikon and RESOLUTION are trademarks of Matrikon Inc.

For more information, contact:

Nicole Sayler
Matrikon Inc.
Phone: 780-945-4010
nicole.sayler@matrikon.com