Software detects changes in asset performance.
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Press Release Summary:
Asset Manager(TM) Release 310 is an integrated asset management component of Experion PKS that identifies and analyzes symptoms and faults from thousands of data points collected from plant systems, historians, field sensor networks, and other plant databases. It continuously monitors, trouble-shoots, and maintains Experion PKS control loops and field device assets, as well as process-based assets. Root cause failure analysis helps minimize process and equipment failures.
Original Press Release:
Honeywell Releases Latest Version of Asset Manager
Latest Release Integrates Honeywell PKS Advantage Partner Device Diagnostic Capabilities
PHOENIX, April 5, 2005 - Honeywell (NYSE:HON) today introduces Asset Manager(tm), Release 310, the first release developed in conjunction with Honeywell PKS Advantage(tm) Program participants. Asset Manager connects the right people across the supply chain to improve operational effectiveness and reduce maintenance costs.
"Asset Manager is an important component of the Experion(tm) PKS platform, with a proven capability to help our customers improve operational efficiency and process and equipment reliability," said Paul Butler, vice president of technology for Honeywell Process Solutions. "We are thrilled to enhance the product further with the help of our PKS Advantage Program participants, who share our dedication to continuously innovating and improving open technologies."
Asset Manager is an integrated asset management component of Experion PKS. Asset Manager identifies and analyzes symptoms and faults from thousands of data points collected from plant systems, historians, field sensor networks and other plant databases. It continuously and efficiently monitors, trouble-shoots and maintains Experion PKS control loops and field device assets, as well as the traditional process-based assets.
Building on previous versions of Asset Manager, the R310 release offers numerous benefits, including:
o Reduction in scheduled and unscheduled downtime
o Energy and cost savings, thanks to greater equipment and process efficiencies
o Increased productivity
o Early detection of changes in asset performance
o Improved communication among specialists
o Reduction of future process and equipment failures, thanks to root cause failure analysis capabilities
The latest release includes the following new features:
o Automatic detection of PKS Advantage Program HART and Foundation Fieldbus devices. Asset Manager automatically creates a database with relevant device, fault logic and remedial information, providing faster and more accurate device configuration within Asset Manager. In addition, program participants have identified common device symptoms and faults. This combination delivers clearly focused troubleshooting and performance assessment capabilities to minimize process downtime. Asset Manager also supports advanced symptom detection and signature analysis for select control valves.
o Tight integration with Experion PKS. Asset Manager reports device faults through Experion PKS, providing a common interface for asset management and process control. This integration also provides a flexible and powerful infrastructure to manage open data from multiple OPC data sources.
o User interface improvements. Enhancements to the database field structure, the addition of a "builder" view and easy access to tools and functions via right-click menus make operators' work easier.
PKS Advantage is a Honeywell-sponsored, collaborative technology program that engages other best-in-class automation suppliers. This program enables Honeywell to deliver open, integrated process knowledge solutions using the field equipment, software and associated services customers deem most appropriate for their operations. Program participants include Dresser-Masoneilan, Endress+Hauser, Flowserve, Honeywell IM&C, Krohne, and Yokogawa.
Honeywell International is a $26 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, Chicago and Pacific Stock Exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. For additional information, please visit www.honeywell.com. Honeywell Process Solutions is part of Honeywell's Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry. For more information about Process Solutions, access www.honeywell.com/ps.
Contact:
Erik Rasmussen
602-313-4054
erik.rasmussen@honeywell.com
