Aspen Technology, Inc., known as AspenTech, is a provider of software and services for the process industries headquartered in Bedford, Massachusetts.AspenTech has 30 offices around the world, on 6 continents. The aspenONE Process Engineering application builds on the industry-leading Aspen Engineering Suite technologies to provide full engineering lifecycle solutions from project concept and R&D through process design and operations. About AspenTech.
Fluor Enterprises Inc., a subsidiary of Fluor Corporation (NYSE: FLR), and Aspen Technology Inc. (Nasdaq: AZPN) today announced an engineering and software implementation services agreement aimed at delivering comprehensive enterprise solutions for manufacturers in the chemical and petrochemical industries. The focus of the relationship will be on helping customers deploy integrated solutions to improve capital efficiency, increase operational productivity and enhance engineering quality and efficiency as part of their long-term plant lifecycle. By combining Fluor's project and engineering expertise with AspenTech's integrated Aspen Engineering Suite(TM) solution, the two companies will enable clients to make better facility lifecycle decisions. Through these combined strengths clients will be able to efficiently facilitate collaboration among producers, technology licensors and engineering companies across the entire plant lifecycle, which can result in better investment decisions and improved engineering efficiency.
Fluor will work closely with AspenTech's global services team to provide an integrated set of deliverables to joint clients, consisting of front end studies, site opportunity assessments, and engineering systems implementation in the chemical and petrochemical industries. 'This is another step, where Fluor, a premiere provider of engineering services, is seeking the opportunity to deliver value by aligning with the best the software industry has to offer.
The cooperation between Fluor and Aspen Technology over the last seven years has proven beneficial to our shareholders and, most importantly, to our clients,' states Mag Fouad, Vice President, Process Technology of Energy and Chemicals Group, Fluor Enterprises, Inc. 'Working with Fluor creates a strong, long-term relationship with a world class organization,' says Larry Evans, Chairman and CEO of Aspen Technology. 'Fluor has been a key customer and extensive user of our technologies, and by integrating our asset optimization solutions with Fluor's engineering expertise this new service will deliver another level of value to our joint customers.' Fluor Corporation provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Aliso Viejo, California, Fluor is a Fortune 500 company with revenues of $10 billion in fiscal year 2000. Fluor is a publicly held corporation that trades under the symbol FLR on the New York Stock Exchange. Complete information about Fluor is available through the company's Internet site at.
Aspen Technology, Inc is a leading supplier of integrated software and solutions to the process industries. The company's Aspen ProfitAdvantage(TM) 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.
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