Major gas producer selects Matrikon alarm management solution
| Highlights |
Alarm management solution includes Matrikon’s ProcessGuard™,
ProcessMonitor™, and ProcessNet™ to provide clear visibility to alarm systems
and enable root-cause analysis and predictive alarming
The CDN$2.6 million solution is scalable and is expected to be expanded to
additional facilities
|
Matrikon Inc. (TSX:MTK) today announced that one of the world’s largest gas processing companies based in the Middle East has selected Matrikon’s alarm management solution for a plant expansion following successful completion of alarm management solutions at other facilities.
The solution includes Matrikon’s ProcessGuard for alarm management and archiving, ProcessNet for web-based visualization of real-time alarm and process data systems, ProcessMonitor for advanced analysis and predictive alarming, and extensive consulting services.
Matrikon was pre-qualified for the project due to two key differentiators in its alarm management offering: the ability to collect and archive alarm data from a wide range of control systems and the ability to provide advanced data analysis tools for predictive alarm management to reduce unexpected plant trips and equipment failures
The solution will be completed in two phases over the next 14 months and may be expanded to accommodate additional plant areas.
The importance of incorporating alarm management solutions in industrial facilities continues to gain recognition. In the United Kingdom, alarm management systems are scrutinized by the Health and Safety Executive, HSE. North America is expected to have similar guidelines as the International Society for Measurement and Control (ISA) rolls out standard industrial practices on alarm management. Insurance companies are increasingly reviewing alarm management practices to ensure they minimize the risk of major equipment failure or environmental damage.
About Matrikon
Matrikon is a leading provider of integrated industrial intelligence solutions that enable manufacturing plants to achieve operational excellence by transforming production data into knowledge to predict and prevent problems and optimize operations. Matrikon's customers achieve agile operations through the combination of external market and plant data to make informed, intelligent decisions in real-time. With offices in major cities throughout North America, Australia, Europe and the Middle East and a global client base including industry leaders in a wide range of process industries, Matrikon's reach is global.
This news release may contain forward-looking statements, including statements regarding the business and anticipated financial performance of Matrikon Inc. Forward looking statements involve risks and uncertainties related to our business and the general economic environment, many beyond our control. These risks, uncertainties and other factors could cause our actual results to be materially different. Some of the factors that could cause such differences include exchange rate fluctuations, market demand for our products and services, the general state of the economy, our ability to execute projects and deliver solutions, our ability to retain and attract qualified employees and contain payroll expenses, the availability of credit lines and future financing, legal claims, our ability to integrate operations following acquisitions, our ability to address the challenges of international operations and other factors. These risks are discussed in our 2005 annual report beginning on page 46. Our 2005 annual report is available on our website at http://www.matrikon.com/corporate/investors/financial/a-reports.aspx or on SEDAR at www.sedar.com.
Matrikon, ProcessGuard, ProcessNet and ProcessMonitor are trademarks or registered trademarks of Matrikon Inc.
For more information, contact:
Nicole Sayler,
Investor Relations Manager
Matrikon Inc.
Phone : 780-945-4010
Email :
nicole.sayler@matrikon.com