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Advanced Process Control for the Refining and Petrochemical Industry
 

 

 

NEWS RELEASE

   FOR IMMEDIATE RELEASE

Contact: Jennifer Hicks

   281-204-0885

 

pr@pas.com

PAS Records Breakthrough Growth in 2005

39% increase in revenues highlight a year slowed by Hurricanes Katrina & Rita

Houston, TX – February 14, 2006 – PAS , a leading global supplier of software products and consulting services for the process industries, announced its 12 th straight year of year-on-year revenue growth, with a 39% increase over 2004.

PAS, a privately-held company based in Houston , Texas , capped a year slowed by Hurricanes Katrina and Rita with a strong increase in revenues.  “ Our investments in globalization and new technology have yielded a strong return despite the significant slowing of project operations along the United States Gulf Coast this past summer ,” said Founder and CEO Eddie Habibi .

Especially impressive is PAS' growth when compared to its industry peer group, which recorded flat to slightly increasing revenues while serving the same markets.  In addition, the continuing period of revenue growth is also marked with profitability, allowing the company to re-invest over 20% of its annual revenue back into new technology development and product enhancement.

PAS holds a strong market position in a variety of software and technology areas critical to process manufacturing operations world-wide.  These include:

§ alarm management

§ control loop performance

§ control system integrity and documentation

§ management of embedded intellectual property

§ multivariable control & optimization

§ process modeling & identification

PAS continuing success reflects well on the strategic directions set for the company some years ago as well as the solid and stable management team.  Continued double-digit growth is expected for the company in 2006.

About PAS

PAS is a leading supplier of software products and consulting services to the process industries worldwide and has been delivering value to customers around the world since 1993.  Key applications include Knowledge Management, Alarm Management, Linear and Non-Linear Multivariable Control & Optimization, Control Loop Performance Monitoring and Real-time Performance Metrics Management.  Our Microsoft NET-based PlantState Suite platform provides the foundation for consistent implementation of applications across any control and information platform.

For more information go to www.pas.com , visit the PAS blog at www.pasprez.typepad.com , email us at pr@pas.com or call 281.286.6565.

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