Borealis Selects Aspen Mtell® Prescriptive Maintenance Software to Improve Reliability at Polyethylene Production Site in Sweden

BEDFORD, Mass.–(BUSINESS WIRE)–Aspen
Technology, Inc. (NASDAQ: AZPN), the asset optimization software
company, today announced that Borealis, a leading provider of innovative
solutions in the fields of polyolefins, base chemicals and fertilizers,
has selected Aspen Mtell® software. The scope of the first
rollout is their production site in Stenungsund, Sweden.

Aspen Mtell is part of the aspenONE® Asset Performance
Management (APM) software suite combining big data, machine learning and
process knowledge expertise to maximize performance across the design,
operations and maintenance asset lifecycle. Aspen Mtell mines historical
and real-time operational and maintenance data to discover the precise
failure signatures that precede asset degradation and breakdowns,
predict future failures and prescribe detailed actions to mitigate or
solve problems.

The companyÔÇÖs selection of Aspen Mtell was based on its successful
performance in a competitive predictive maintenance ÔÇ£proof of conceptÔÇØ
project for a business-critical compressor on site. Predictive
maintenance is a key initiative for Borealis and this initial project
effectively demonstrated the tangible benefit of automating such data
analysis and knowledge work. The decision to move forward with Aspen
Mtell was further supported by the demonstrated rapid speed of
deployment, accurate early detection of asset degradation and ability to
scale the solution system-wide.

Through asset performance management ÔÇö enabled by a blend of historical
and real-time process, asset and enterprise data ÔÇö organizations can
transform asset maintenance into optimum reliability, extending the life
of assets and maximizing the return on capital employed.

Supporting Quotes

Martijn van Koten, Executive Vice President Operations, Borealis

ÔÇ£Borealis has embarked on a digital journey and the ability to bring
transparency to all our operating processes is a priority for us. Aspen
Mtell predictive maintenance softwareÔÇÖs ease of implementation will
allow us to develop data analytics, including pattern recognition and
early anomaly detection, in all operating functions, leading to
increased performance in safety, quality, reliability and overall
improved performance in manufacturing. With significantly earlier
warning of asset degradation provided by Aspen Mtell software, we will
have the time to work collaboratively to mitigate the losses of
unplanned downtime and to minimize disruptions to our customers.ÔÇØ

Antonio Pietri, President and Chief Executive Officer, AspenTech

ÔÇ£BorealisÔÇÖ implementation of Aspen Mtell builds on its investment in
AspenTech advanced solutions to support its overall digital strategy.
These technologies intelligently extract knowledge and value from the
multiple large data sources available to end users in order to drive
asset optimization. Adding Aspen Mtell will give Borealis predictive and
prescriptive maintenance capabilities that will drive optimum
reliability, extending the life of assets and maximizing the return on
capital.ÔÇØ

Supporting Resources

• Borealis
• aspenONE
  V10 Software
• Aspen
  Mtell

About Borealis

Borealis is a leading provider of innovative solutions in the fields of
polyolefins, base chemicals and fertilizers. With its head office in
Vienna, Austria, the company currently has around 6,600 employees and
operates in over 120 countries. Borealis generated EUR 7.5 billion in
sales revenue and a net profit of EUR 1,095 million in 2017. Mubadala,
through its holding company, owns 64% of the company, with the remaining
36% belonging to Austria-based OMV, an integrated, international oil and
gas company. Borealis provides services and products to customers around
the world in collaboration with Borouge, a joint venture with the Abu
Dhabi National Oil Company (ADNOC). www.borealisgroup.com

About AspenTech

AspenTech is a leading software supplier for optimizing asset
performance. Our products thrive in complex, industrial environments
where it is critical to optimize the asset design, operation and
maintenance lifecycle. AspenTech uniquely combines decades of process
modeling expertise with big data machine learning. Our purpose-built
software platform automates knowledge work and builds sustainable
competitive advantage by delivering high returns over the entire asset
lifecycle. As a result, companies in capital-intensive industries can
maximize uptime and push the limits of performance, running their assets
faster, safer, longer and greener. Visit AspenTech.com
to find out more.

┬® 2018 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen leaf logo,
and Aspen Mtell are trademarks of Aspen Technology, Inc. All rights
reserved. All other trademarks are property of their respective owners.

Contacts

Aspen Technology, Inc.
AspenTech
Tony Mays, +44 (118)
92 26510
[email protected]