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Aspen Technology (News - Alert), Inc. recently introduced aspenONE Exchange, the first content marketplace for the process industries, which offers engineers a one-stop-shop to source equipment data, third-party content and AspenTech resources.

In fact, aspenONE Exchange has a broad range of engineering content and third-party equipment design information. Process engineers, by referencing the design information are able to build more comprehensive and accurate models faster. The end result is a more efficient workflow and more comprehensive models earlier in the design process.

In a statement, Manolis Kotzabasakis, executive vice president, Products, AspenTech, said, “We consider this marketplace to be the first of its kind - and a whole new way to optimize designs.

aspenONE Exchange expands Aspen Plus and Aspen HYSYS into a comprehensive work environment. Its powerful search capability allows users to query various content entries like third-party equipment data, AspenTech reference models, flowsheets, knowledgebase articles, and computer-based training to find the most important and useful items, which can help to dramatically improve a design.

Equipment manufacturers, process licensors, independent contractors, and other vendors through providing content via aspenONE Exchange are able to directly reach the industry's largest segment of process engineers.

Eric M. Cordi, associate research fellow, Pfizer added, "This shared environment increases the breadth of open innovation resources we rely upon in our computational process and product design efforts.”

AspenTech is a premier provider of software and services to the process industries. The integrated aspenONE solutions help process manufacturers to implement best practices for optimizing their engineering, manufacturing and supply chain operations.