Latest SmartSignal condition monitoring technology to further enhance Invensys' asset performance solutions; Invensys becomes premier SmartSignal services partner
FOXBORO, MASSACHUSETTS, USA - August 23, 2005 - Invensys Process Systems and SmartSignal Corporation today announced that the two companies have signed an expanded strategic resale and services partnership agreement. The agreement enables Invensys to fully employ SmartSignal's EPI*Center technology as an integral part of the company's comprehensive real-time condition-based asset performance solutions. The agreement also recognizes Invensys as an authorized Premier Services Provider for SmartSignal.
The original partnership agreement between Invensys and SmartSignal dates back to 2001 and serves as a successful model for how two companies can work together to help customers improve the performance of their industrial assets.
"Invensys' Condition Monitoring solution not only collects and aggregates real-time data from plant floor systems, but also provides sophisticated analysis tools and workflow guidance to drive preventive and predictive maintenance, operations, and engineering activities," said Neil Cooper, general manager of the Avantis unit of Invensys Process Systems. "This enables plant personnel to work smarter and more productively while contributing to the improved overall asset performance of their plants and their businesses. SmartSignal technology plays a key role by expanding our condition monitoring offering to include empirical modeling for heavy rotating and non-rotating equipment, often the most critical assets in terms of overall performance."
"The combination of Invensys' process control, simulation, and asset management capabilities with our real-time equipment monitoring technology provides huge benefits for our mutual customers, "said Steve Tonissen, vice president of marketing at SmartSignal. "We're pleased that Invensys recognizes the value of our technology and equally pleased to add Invensys to the select list of SmartSignal Premier Service Providers."
About SmartSignal Corporation
SmartSignal Corporation (www.smartsignal.com) is the leader in equipment performance improvement solutions. The solution helps companies gain unprecedented insight into the health of critical business assets. Through continuous, real-time inspection of equipment health and performance, companies are able to increase uptime and throughput while reducing maintenance and operating costs. SmartSignal EPI*Center was recently named a finalist for Platts 2004 Global Energy Award in the "Commercial Technology of the Year" category. In 2003, SmartSignal was names of the The FocalPoint Group's Top 40 North American M2M Innovators and also won the prestigious Chicago Sun-Times Innovation Award.
About Invensys Process Systems
Invensys Process Systems, a business unit of Invensys plc, provides products, services and solutions for the automation and optimization of industrial process plants. In addition to its rapidly expanding Global Solutions group, Invensys Process Systems includes industry-leading brands such as Foxboro, Triconex, SimSci-Esscor, Wonderware, and Avantis, whose products are installed in more than 100,000 plants across the world. These range from small hybrid and batch plants to the world's largest refineries, gas plants, petrochemicals plants, power plants, and pulp and paper mills.
The Invensys Group (www.invensys.com) is made up of five businesses: Process Systems, APV, Eurotherm, Rail Systems and Controls. The Group is headquartered in London and is listed on the London Stock Exchange, with over 30,000 employees working in 60 countries.
# # #
Invensys, Avantis, Foxboro, SimSci-Esscor, Triconex, and Wonderware are trademarks of Invensys plc, its subsidiaries, or affiliates. All other trademarks are trademarks of their respective owners.