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News - AspenTech process
industry supply chain software released for Intel® Itanium™
Processor-based Systems using Dash Optimization's Xpress-MP
optimizer
23 April 2002
LONDON and ENGLEWOOD CLIFFS, NJ: Dash Optimization
today announced that AspenTech's (NASDAQ: AZPN) market-leading
Aspen MIMI(tm) process industry supply chain optimization
software has been released for Intel(r) Itanium(tm) processor-based
systems. Further releases are planned for the other AspenTech
e-supply chain products, including Aspen PIMS, which are also
optimized by Xpress-MP, the market leading modeling and optimization
software from Dash Optimization.
AspenTech and Dash customers increasingly need
to solve extremely large, complex, optimization problems.
These needs frequently arise in supply chain as manufacturers
exploit opportunities to further consolidate and integrate
their activities. The Xpress-MP software can already address
large problems quickly, but the large, 64-bit memory addressability
of the Itanium processor opens up the potential for AspenTech
process industry customers to reap even greater benefits from
its supply chain solutions.
"Aspen MIMI has a well-deserved reputation
in the market for solving complex customer problems and delivering
bottom line improvements", said Mary Palermo, Chief Operating
Officer of AspenTech. "Xpress-MP is the vital optimization
component within MIMI, and its ability to take advantage of
the latest hardware advances of the Itanium processor, means
that we can continue to offer our customers competitive advantage."
"The market for optimization solutions
is driven by two basic factors", said Alan Dormer, Director
of Dash Optimization. "Consolidation and supply chain
integration are making problems much bigger, and the requirements
for rapid response means that customers are demanding good
solutions, quickly. Dash Optimization invests heavily in the
software, but this is only part of the story. We need access
to the best hardware, such as the Itanium processor, to continue
this path."
About AspenTech
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 21 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, ExxonMobil, GlaxoSmithKline,
Lyondell Equistar, Merck, Mitsubishi Chemical, and Unilever.
For more information, visit <http://www.aspentech.com>.
* Intel and Itanium are trademarks or registered
trademarks of Intel Corporation or its subsidiaries in the
United States and other
countries.
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