| [October 14, 2005] |
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Indus Convenes Nuclear Leadership Council to Continue Industry Leadership in Support of Global Nuclear Renaissance; With Approximately 70 Percent Market Share, Indus is De Facto Standard for Nuclear EAM
ATLANTA --(Business Wire)-- Oct. 14, 2005 -- Indus International Inc. (NASDAQ: IINT), a leading Service Delivery Management (SDM) solution provider, today announced the Indus Nuclear Leadership Council (NLC) will convene to strategize ways the company can continue its leadership in providing world-class solutions to the worldwide nuclear industry. The Indus NLC's next meeting will coincide with the IndusWorld User Conference in Atlanta, October 23-26.
The NLC meeting will feature a special guest presentation from Jacques Leclercq, a globally recognized nuclear expert, and the former chief nuclear officer of Electricity de France, Europe's largest electricity company and nuclear power producer. Leclercq will present a global perspective on the worldwide nuclear market renaissance. Also at the meeting, Indus nuclear customers will discuss their strategic imperatives, offer product development input to Indus and trade best practice tips based on real-world experience.
Members of the Indus NLC include leading nuclear energy providers, approximately 70 percent of which are Indus clients. This overwhelming market leadership is evident in the number of nuclear companies that have either already implemented or are now deploying Indus software, including Progress Energy, Duke Power, American Electric Power, PPL Corporation, Exelon, Energy Northwest, Nuclear Management Company and Omaha Public Power District. In addition, the Indus solution is used at several Department of Energy facilities.
"Indus software has been a key element in allowing us to continue our efforts to leverage the value of our multi-site operations by identifying and deploying optimal processes across our fleet," said Scotty Hinnant, Senior Vice President and Chief Nuclear Officer at Progress Energy. "The continued success of our plants as measured through safety, production and cost is the foundation on which we will build as we determine our direction for the next generation of plants."
Positioned to Support Worldwide Industry Renaissance
The Council meets with the global nuclear industry on the cusp of a rebirth. Global current events, market pressures and government regulations such as the Energy Policy Act of 2005 are all laying the groundwork for a nuclear energy renaissance in the U.S. The U.S. Department of Energy predicts a need for approximately 50 percent more electricity by 2025, and nuclear power is expected to play a key role.(1)
A recent research note from Gartner suggests that the Energy Policy Act specifically will "prompt megamergers among North American Tier 1 energy companies. . . (and) bolster reliability investments and the development of performance metrics."(2)
Indus is uniquely positioned to support forthcoming mergers and acquisitions in the nuclear industry due to its software's unmatched scalability and ability to integrate multiple organizational units across the enterprise. In addition, the capabilities within the Indus solution to optimize asset performance, safely and effectively complete on-line and outage maintenance work and plan for major equipment upgrades is central in achieving high reliability, low cost and plant safety goals.
Entering into an era of new plant construction will also increase the need for solutions such as Indus' which support plant design and construction processes. The Indus NLC will review the demands of the construction environment to ensure that Indus products enable the ability to proceed from initial design, through construction, startup testing, turnover and operations without costly transition in IT systems. Using the same technology platform across a major construction site will also contribute to reduced errors, delays and non-compliance issues.
International nuclear market growth also represents a near-term strategic opportunity for the company. Strong alliances with IBM Global Services (NYSE: IBM) and other major systems integrators has resulted in significant contracts with top Japanese utilities such as Tokyo Electronic Power, the world's largest private electricity provider. Indus is also capitalizing on the needs of Eastern bloc nuclear utilities who require the advanced asset management and security and compliance capabilities of the Indus solution in order to meet the strict standards necessary to join the European Union.
Building on a Tradition of Leadership
The work of the Indus NLC will help to continue Indus' nearly 30 years of nuclear industry leadership. Indus is the only comprehensive asset management solution that delivers the deployment of best practices standardization across an entire nuclear fleet including work management, supply chain and the critical processes important to plant safety and enabling a safety-conscious workforce. This is a crucial differentiator, as it enables efficiencies far beyond those achievable by a single power plant.
Furthermore, Indus Asset Suite helps utilities move from preventive maintenance to predictive, condition-based techniques to avoid unplanned outages and extend asset life. Indus software also supports Corrective Action Programs that are integrated with work management and supply chain solutions, as well as supporting the implementation of continuous improvement initiatives and a safety-conscious work environment across the enterprise. Indus and its customers are a driving force and active industry participators in shaping the future direction of the nuclear energy market. For example:
-- Indus customers including Duke Power Company, Entergy, Exelon, Progress Energy and Tennessee Valley Authority are early members of NuStart Energy Development, the industry consortium formed to test out new licensing processes for nuclear plant construction and operation.
-- Indus sustains alignment with Nuclear Energy Institute (NEI) standards such as AP913 for Equipment Reliability, AP928 for Work Management and others.
-- Indus provides tools that support compliance with regulatory requirements, such as ensuring that qualified personnel are assigned to jobs, that proper equivalency evaluations are performed for commercial grade parts, the surveillance tests are appropriately scheduled and more.
-- Indus tracks key nuclear industry initiatives with NEI, Indus' NLC, special interest groups and memberships in other nuclear organizations and events.
"Indus is the EAM standard for the nuclear industry," said Greg Dukat, president and CEO of Indus International. "We are proud to be a contributor to the outstanding record that the U.S. nuclear industry has attained, and we are committed to continuing to help the industry grow and thrive in the future."
About Indus International
Indus is a leading Service Delivery Management (SDM) solution provider, helping clients in a broad array of industries optimize the management of their customers, workforce, spare parts inventory, tools and documentation in order to maximize performance and customer satisfaction while achieving significant cost savings. Indus customer, asset and workforce management software products, professional services and hosted service offerings improve our clients' profitability by reducing costs, increasing capacity and competitiveness, improving service to their customers, facilitating billing for services and ensuring regulatory compliance. Indus solutions have been purchased by more than 400 companies in more than 40 countries, representing diverse industries -- including manufacturing, utilities, telecommunications, government, education, transportation, facilities and property management, consumer packaged goods and more. For more information, visit our Website at http://www.indus.com.
Indus is a trademark of Indus International, Inc. Other company and product names may be trademarks of the respective companies with which they are associated.
(1)According to the U.S. Energy Information Administration's 2005 Annual Energy Outlook 2005.
(2)"US Utilities Should Prepare Now for the Energy Bill's Impact," Gartner, August 12, 2005
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