Aspen Technology's Engineering Solutions Set a New Standard in Asset Optimization

February 21 – Aspen Technology, Inc. announced the availability of a new release of the Aspen Engineering Suite. This release sets a new standard in Asset Optimization by enabling collaborative engineering, promoting sharing of process knowledge and making real time optimization fast and easy to implement. By leveraging the Internet and integrating their engineering models with their manufacturing and supply chain activities, companies are able to bring together their corporate-wide engineering efforts to make more profitable decisions and operate assets more efficiently.

The use of AspenTech's integrated collaborative engineering solutions allows companies to ensure that business managers and project teams have instant access to the most current engineering data and best practices. By sharing this information via the Internet and using AspenTech's other knowledge management tools, process manufacturers can not only increase their engineering productivity, but also maximize the return on their plant assets and improve their operating margins through more informed decision-making.

A key innovation in today's release of the Aspen Engineering Suite is Aspen WebModels, a new technology that enables process manufacturers to share critical plant simulation models via the Internet using a secure and convenient process. Using this tool, companies can securely use and leverage the knowledge in plant models created with Aspen Plus, both internally, and externally with partners, licensors and customers. Through this approach, simulation models that have primarily been the sole domain of process engineers, can now also be made available to financial analysts and operations engineers in a manner that is configured for their business needs.

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