PinnacleART and AspenTech Partner to Deliver Asset Maintenance and Reliability Solutions to Complex, Capital-Intensive Industries

BEDFORD, Mass.–(BUSINESS WIRE)–Aspen
Technology, Inc. (NASDAQ: AZPN), the asset optimization software
company, today announced that Texas-based PinnacleART, provider of
best-in-class reliability management programs, is now an official
Implementation Service Provider (ISP) for the aspenONE® Asset
Performance Management (APM) software suite. PinnacleART will utilize
aspenONE APM solutions to measure, optimize and maximize asset uptime
for its oil and gas, specialty chemical and wastewater customers.

For over a decade, PinnacleART has designed, implemented and maintained
best-in-class reliability programs for its customers with a focus on
practical application of industry leading technology. Introducing the
aspenONE APM suite to PinnacleART’s toolset adds powerful capabilities
to drive higher reliability with Aspen Mtell and Aspen Fidelis
Reliability.

With aspenONE Asset Performance Management software, firms can predict
asset failures earlier and with greater accuracy, gaining additional
time before the failure to plan and respond in more optimal ways. By
modeling risk and vulnerabilities at the system level, reliability
becomes a continuous process. As new failures are predicted, knowing the
likely financial impact of asset breakdown and cost of repair
facilitates optimal decisions. Prescriptive guidance enables operations
and maintenance to respond as a team for quick and consistent
remediation of problems, maximizing performance across the design,
operations and maintenance asset lifecycle.

As the world leader in asset optimization software, with 35 years of
technology leadership and innovation, AspenTech has delivered billions
in value creation for over 2,100 blue-chip customers worldwide.

Supporting Quotes
Walt Sanford, Vice President
Reliability Solutions, PinnacleART
“PinnacleART’s
reliability-focused asset management programs and tools deliver turnkey,
sustainable processes and systems focused on universal business
imperatives such as risk management, asset utilization, cost
optimization, and maximum asset life-cycle value. The combination of
PinnacleART’s value-focused implementation expertise with AspenTech’s
best-in-class Asset Performance Management solutions will add
significant value to our customers, while enabling us to increase
reliability in new markets.”

John Hague, Senior Vice President and General Manager, AspenTech APM
Business Unit
“AspenTech and PinnacleART have a powerful
opportunity to deliver an unprecedented return on assets with the
ability to model and analyze customers’ business through the lens of
overall system reliability so that the greatest risks can be identified,
the potential losses quantified and the improvement opportunities
justified. Together, we will help customers operate at peak performance
and profitability by enabling data-driven decision making and providing
analytics tools to mitigate risks and drive reliability.”

Supporting Resources

• PinnacleART
• aspenONE
  V10 Software
• Aspen
  Mtell
• Aspen
  Fidelis Reliability

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.

© 2017 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen leaf logo,
Aspen Basic Engineering, Aspen Fidelis Reliability, Aspen Mtell, Aspen
Unified PIMS and OPTIMIZE are trademarks of Aspen Technology, Inc. All
rights reserved.

Contacts

AspenTech
Amanda McCarthy, +1 781-221-6806
amanda.mccarthy@aspentech.com