New Alliance will Allow Nuclear Plant Owners / Operators to Comply with Stringent European Regulatory Standards
With the expansion of the European Economic Union to include a further eight Eastern European countries, it is necessary for the nuclear operators in these states to enhance their processes and systems in order to comply with stringent European regulatory standards regarding safety and the environment.
The Aker Kvaerner / Spescom alliance has the combined skills and experience to understand the requirements which drive the nuclear sector, and to deliver high quality information management solutions. Aker Kvaerner is well established as a supplier of project solutions and operations services relating to environmental clean-up in the UK nuclear sector, and Spescom has achieved a 15% share of the US market with its eB Nuclear solution set.
"The fit between Aker Kvaerner and Spescom is ideal, in that it allows the strong project execution and operational skills of Aker Kvaerner to be linked to the abilities which Spescom offers in the tight control and management of information," said Aker Kvaerner Engineering Services' Alliances Manager David Rice. "Many plant owners and operators have suffered in the past from the lack of accurate information about their plant configuration, and we plan to deliver an approach that provides a strong return on investment. Driving down operational costs is one of the key objectives of the alliance."
"Our experience in the nuclear industry in the US shows that Spescom's integrated document, configuration and records management technology is ideally suited for this tightly regulated environment," said Ben Martin, Spescom's Director responsible for UK operation. "Working closely with Aker Kvaerner, we can provide the customer not only with an outstanding return on investment, but also improved regulatory compliance, reduced risk, and enhanced quality and traceability. We know that improved quality of information has a direct impact on operational costs. The alliance with Aker Kvaerner gives both companies an ideal vehicle for delivering some significant benefits to the customer."
In order for all of the functions involved in operating a nuclear plant to be managed successfully, it is essential that the physical infrastructure complies with the requirements that have been mandated by law, through standards, by regulation, or in contracts. In turn, the information that the operator must maintain about the plant must accurately reflect the actual physical configuration itself, and must enable the owner/operator to verify that the requirements are being satisfied. The approach that Aker Kvaerner and Spescom are taking through their alliance is aimed at providing solutions to this requirement.
About Spescom Software
Spescom Software (OTCBB: SPCO) delivers information management solutions that capture, manage and control all enterprise content in context to the assets, products and processes that it relates to, resulting in improved customer satisfaction, productivity and safety. It achieves this through a tightly integrated suite of document, configuration and records management technologies, combined with a powerful workflow capability, that enables the identification of all critical enterprise information, the effective management of change and other business processes and the maintaining of records to ensure regulatory compliance.
Key customers include Constellation Energy, Continental Express, AmerenUE, City of Dayton, Lloyds Register of Shipping, United Space Alliance, Entergy, Northeast Utilities, London Underground, Network Rail, and many others.
About Spescom eB
eB(R) is a registered trademark of Spescom Software Inc. eB comprises an extensive set of software components that together form the foundation for an extremely flexible and powerful information management platform. eB's components include: content/document management; requirements management; records management; item management; change management; configuration management and workflow. These components are tightly integrated with leading CAD, GIS, office and email applications to capture, store and view information. The full functionality of eB is available via a set of API's that enable the rapid definition and deployment of customer specific solutions and integration with other line-of-business applications including ERP, EAM, SCM and project management products.
About Aker Kvaerner
Aker Kvaerner ASA is through its subsidiaries and affiliates ("Aker Kvaerner") a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner spans a number of industries, including Oil & Gas production, Refining & Chemicals, Pharmaceuticals & Biotechnology, Mining & Metals, Power, Pulping and Shipbuilding. Aker Kvaerner has aggregated annual revenues of approximately USD 6 billion and employs around 29,000 employees in more than 30 countries. The Aker Kvaerner group consists of many legally independent entities, constituting their own separate identities. Aker Kvaerner is used as the common brand or trademark for most of these entities.
AK Engineering Services is the trading name of Aker Kvaerner Engineering Services Ltd., and one of the core businesses of the Aker Kvaerner group in Europe. It provides total asset life cycle solutions including conceptual design, engineering, procurement, project management, construction and commissioning, through to operation and maintenance services, modifications and process improvements. Also offered are consultancy services in reliability, business modeling and environmental, health, safety and risk management.
Except for historical information contained herein, the matters set forth in this release include forward-looking statements that are dependent on certain risks and uncertainties, including such factors, among others, as market acceptance, market demand, pricing, changing regulatory environment, the effect of the company's accounting policies, potential seasonality and other risk factors detailed in the company's SEC filings.
CONTACT: Carl Mostert, CEO, or John Low, CFO, both of Spescom Software,
+1-858-625-3000; or Ken Sgro of CEOcast, Inc., +1-212-732-4300, ext. 224, for
Spescom Software Inc
Web site:
http://www.spescomsoftware.com/
http://www.akerkvaerner.com/
