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PinnacleART and AspenTech Partner to Deliver Asset Maintenance and Reliability Solutions to Complex, Capital-Intensive IndustriesAspen Technology, Inc. (NASDAQ: AZPN), the asset optimization software company, today announced that Texas-based PinnacleART, provider of best-in-class reliability management programs, is now an official Implementation Service Provider (ISP) for the aspenONE® Asset Performance Management (APM (News - Alert)) software suite. PinnacleART will utilize aspenONE APM solutions to measure, optimize and maximize asset uptime for its oil and gas, specialty chemical and wastewater customers. For over a decade, PinnacleART has designed, implemented and maintained best-in-class reliability programs for its customers with a focus on practical application of industry leading technology. Introducing the aspenONE APM suite to PinnacleART's toolset adds powerful capabilities to drive higher reliability with Aspen Mtell and Aspen Fidelis Reliability. With aspenONE Asset Performance Management software, firms can predict asset failures earlier and with greater accuracy, gaining additional time before the failure to plan and respond in more optimal ways. By modeling risk and vulnerabilities at the system level, reliability becomes a continuous process. As new failures are predicted, knowing the likely financial impact of asset breakdown and cost of repair facilitates optimal decisions. Prescriptive guidance enables operations and maintenance to respond as a team for quick and consistent remediation of problems, maximizing performance across the design, operations and maintenance asset lifecycle. As the world leader in asset optimization software, with 35 years of technology leadership and innovation, AspenTech has delivered billions in value creation for over 2,100 blue-chip customers worldwide.
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John Hague, Senior Vice President and General Manager, AspenTech APM
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