Trinity Press Release
for immediate release
Aspen Technology and Trinity Technologies Partner to Accelerate Benefits from Asset Optimization
Companies to Accelerate Benefits from Proven Aspen Engineering Suite™ Solutions with Trinity’s Work Process Services
Cambridge, MA — November 27, 2001 — Aspen Technology, Inc., (Nasdaq: AZPN), a leading provider of software for the process industries, and Trinity Technologies Corporation, a leading business process integration and consulting firm, today announced a partnership to help process manufacturers speed implementation of asset optimization solutions and increase their overall return. The combination of the two companies’ proven process industry services and technology will enable customers to accelerate implementation of full Aspen Engineering Suite™ collaborative solutions.
“Process manufacturers will be able to accelerate their business process improvements to gain more value from Asset Optimization,” said Larry Evans, Chairman and CEO of AspenTech. “This partnership enables process manufacturers to reduce cycle times for engineering activities. AspenTech and Trinity are unlocking new value for our engineering customers.”
The companies — which both offer deep process industry expertise — are leveraging AspenTech's Aspen Engineering Suite with Trinity Technologies' Information Asset Lifecycle services. Together, AspenTech and Trinity will provide customers with a single point of delivery for a range of services and software solutions-from work process improvement, design optimization and knowledge re-use, to organizational transformation.
AspenTech’s Aspen Engineering Suite is the first set of integrated technologies to optimize the engineering process, from conceptual and detailed design of new processes to retrofits and improvements of existing plants. The suite of tools incorporates powerful plant-wide modeling capabilities and enables collaborative engineering and economic evaluation-promoting the sharing of process knowledge, concurrent engineering and best practices to increase engineering efficiency, capital efficiency and operating profitability.
Trinity provides best-practice work process methodologies for many of the world's largest process manufacturers-including front-end business and project planning, project execution, and information re-use. Its services include change management, consulting and training, enabling both operating and engineering/construction companies to maximize the value derived from their Asset Lifecycle business processes.
“Trinity’s Information Asset Services are enhanced by the information framework and decision analysis technology provided through the Aspen Engineering Suite,” said Joseph P. Morray, Jr., President of Trinity Technologies. “The Trinity work processes tailored to the Aspen Engineering Suite address both the business and technical requirements for effective plant creation and operations.”
About Trinity Technologies
Trinity Technologies, based in Wellesley, MA, is a leading business process and systems integration consulting firm for the process industries. Established in 1995, the company has distinguished itself in delivering plant lifecycle information services, including systems integration, work process consulting, and organizational change services to help companies better manage their Information Assets. Visit Trinity Technologies on the web at www.trinitytechnologies.com
About AspenTech
Aspen Technology, Inc is a leading supplier of integrated software and solutions to the process industries. The company’s Aspen ProfitAdvantage™ solution enables companies to identify and maximize profit opportunities throughout their entire value chain-from the supply of raw materials, through the production of goods, to the delivery of final products to customers. The Aspen ProfitAdvantage solution encompasses engineering, manufacturing, supply chain and e-business collaboration technologies, providing the tools that enable manufacturers to design, optimize and execute business processes in real time. Over 1,200 leading process companies already rely on AspenTech’s 20 years of process industry experience to increase revenues, reduce costs and improve capital efficiency. AspenTech's customers include: Air Liquide, AstraZeneca, Bayer, BASF, BP, Chevron, Dow Chemical, DuPont, Equistar, Exxon Mobil, GlaxoSmithKline, Merck, Mitsubishi Chemical, and Unilever. For more information, visit www.aspentech.com.
Certain paragraphs of this press release contain forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statement using the term “will,” “should,” “could,” “anticipates,” “believes” or a comparable term is a forward-looking statement. Actual results may vary significantly from AspenTech’s expectations based on a number of risks and uncertainties, including: AspenTech’s lengthy sales cycle which makes it difficult to predict quarterly operating results; fluctuations in AspenTech’s quarterly operating results; AspenTech’s dependence on customers in the cyclical chemicals, petrochemicals and petroleum industries; AspenTech’s need to hire additional qualified personnel and its dependence on key current employees; intense competition; AspenTech’s dependence on systems integrators and other strategic partners; changes in the market for e-business solutions for AspenTech’s customers; increased governmental regulation and taxation of e-commerce and the Internet; information security and privacy concerns relating to e-commerce; and other risk factors described from time to time in AspenTech’s periodic reports and registration statements filed with the Securities and Exchange Commission. AspenTech cannot guarantee any future results, levels of activity, performance, or achievements. Moreover, neither AspenTech nor anyone else assumes responsibility for the accuracy and completeness of any forward-looking statements. AspenTech undertakes no obligation to update any of the forward-looking statements after the date of this press release.
Information Asset is a registered service mark of Trinity Technologies Corporation. All other brands and product names are trademarks of their respective owners.
AspenTech, ProfitAdvantage, Aspen Engineering Suite, and the aspen leaf logo are trademarks of Aspen Technology, Inc., Cambridge, MA.
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