Software facilitates production in process industries.
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Press Release Summary:
Business.FLEX® PKS Release 130 helps manage daily business performance results via on-demand data retrieval of key performance indicators. Operations Management integrates with Operator Performance Solutions to offer systematic monitoring, constraint/boundary management, alarm management, and notification. Bi-linear solver in Production Balance system enables simultaneous reconciliation of quantity and quality measurements.
Original Press Release:
New Honeywell Release of Business.Flex PKS Increases Production Results
Improves Production by 3 to 6 Percent, Decreases Costs by 1 to 2 Percent
PHOENIX, Feb. 24, 2004 - Honeywell [NYSE:HON] today introduced the latest release of Business.FLEX® PKS, a suite of software solutions that deliver significant and sustainable production performance improvements for process industries. Release 130 of Business.FLEX PKS unifies business goals and production automation to improve decision-making and execution, helping users achieve more reliable operations, and increased manufacturing flexibility and business optimization. With Business.FLEX PKS, companies typically increase production by 3 to 6 percent, while decreasing costs 1 to 2 percent. Users find significant improvements in operations, production, planning and scheduling, production management, as well as blending and movement automation and across the value chain. To date, more than 1,000 Business.FLEX PKS solutions have been installed at oil and gas, refining, petrochemical, mining and minerals, pulp and paper and chemical facilities across the globe.
Improvements to Release 130 include:
o A new Performance Management suite for better management of performance results via on-demand data retrieval. At the heart of this solution is KPI Manager, an innovative tool to help management and plant personnel track and analyze daily business performance results with key performance indicators.
o Enhancements to the Operations Management suite including Operations Logbook, a new application for electronic logging and more reliable shift handover. Additionally, Operations Management integrates with Honeywell Operator Performance Solutions to offer a complete set of products for systematic monitoring, constraint/boundary management, alarm management and notification.
o The inclusion of a revolutionary new bi-linear solver to the Production Balance production/yield accounting system, enabling simultaneous reconciliation of both quantity and quality measurements, including simultaneous component balances. Production Balance now also features a fully integrated production allocation solver for Oil & Gas production accounting.
o Numerous improvements to functionality and ease of use throughout the product line, including Honeywell's Laboratory Information Management System (LIMS), Operations Management, OpenBPC, Production Analyst, Production Balance and KPI Manager.
"More and more customers are realizing the value of Business.FLEX PKS solutions through improved production efficiency and increased profitability," said Paul Butler, Honeywell Industry Solutions Vice President of Technology. "Customers can look to this new release to help drive best-in-class production performance. With additional applications and major enhancements to existing applications, Business.FLEX PKS 130 can help deliver production optimization and real business results."
Business.FLEX PKS 130 integrates with Honeywell systems such as the Experion(tm) Process Knowledge System (PKS), Honeywell's next-generation automation system, as well as TPS, and third-party systems. The solution drives business targets to optimum levels, allowing operators to more effectively make use of whatever platform they have, and execute plans and schedules in line with business objectives. Release 130 also works seamlessly with Uniformance PHD, Honeywell's advanced process historian system for plant information.
Honeywell International is a $23 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; specialty chemicals; fibers; and electronic and advanced 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 acs.honeywell.com.
