BURLINGTON, Mass. — April 20, 2009 — Aspen Technology, Inc. (OTC: AZPN.PK), a leading provider of
software and services to the process industries, today announced
that EPCO, Inc., has upgraded to aspenONE V7.
- EPCO, a leading North American provider of midstream energy
services to producers and consumers of natural gas, crude oil,
natural gas liquids and petrochemicals, is adopting the aspenONE V7
Engineering suite to better align engineering and operations
processes in support of its operational excellence objectives.
- EPCO, Inc. chose aspenONE V7 to support the company’s
growth strategy, lower operating costs, improve efficiency and
productivity, and decrease energy consumption.
- EPCO was drawn to several new innovations in aspenONE V7,
including advanced cost estimation, which enables engineers to
determine the feasibility of capital projects and business
opportunities during conceptual design.
- EPCO will also use the Aspen Simulation Workbook within
aspenONE V7, which brings the benefits of aspenONE to a wider range
of users throughout the company via a user-friendly Microsoft Excel
interface.
- AspenTech’s token-based licensing model helps EPCO better
meet their changing business needs by providing the flexibility to
use the right software at the right time.
Supporting Quotes:
Kevin Bodenhamer, Vice President of Engineering, EPCO,
Inc.
"With our commitment to growing the partnership’s
comprehensive network of midstream assets, we are always looking
for new ways to manage our increased capacity, new greenfield
opportunities, and current debottlenecking challenges.
AspenTech’s solutions have played an important role in
modeling, optimization, and new projects within our engineering
organization for the past few years. We’re excited to
implement aspenONE V7 and look forward to utilizing its many new
engineering and usability innovations, as well as the unique
token-based licensing model. The new system will improve our
ability to successfully navigate the turbulent economy by rapidly
addressing changing business demands from using the right software
at the right time, while optimizing the value of our IT
investments."
Blair Wheeler, Senior Vice President, Marketing,
AspenTech
"EPCO is a great example of how leading energy companies are taking
advantage of AspenTech process optimization across both engineering
and operations. Using aspenONE V7, EPCO can implement engineering
best practices to lower their costs, increase productivity, and
improve visibility into operations."
Supporting Resources:
Links to more information:
About Enterprise Products Partners L.P.
EPCO, Inc. is one of the largest publicly traded partnerships
and is a leading North American provider of midstream energy
services to producers and consumers of natural gas, NGLs, crude oil
and petrochemicals. EPCO transports natural gas, NGLs, crude oil
and petrochemicals through more than 46,000 miles of onshore and
offshore pipelines. Services include natural gas transportation,
gathering, processing and storage; NGL fractionation (or
separation), transportation, storage, and import and export
terminaling; crude oil transportation and offshore production
platform services. For more information on EPCO, Inc., visit
www.epco.com.
About AspenTech
AspenTech is a leading supplier of software that optimizes
process manufacturing – including oil and gas, petroleum,
chemicals, pharmaceuticals and other industries that manufacture
and produce products from a chemical process. With integrated
aspenONE solutions, process manufacturers can implement best
practices for optimizing their engineering, manufacturing and
supply chain operations. As a result, AspenTech customers are
better able to increase capacity, improve margins, reduce costs and
become more energy efficient. To see how the world’s leading
process manufacturers rely on AspenTech to achieve their
operational excellence goals, visit www.aspentech.com.