| Highlights |
Alarm management solution includes Matrikon’s ProcessGuard™ and
ProcessMonitor™ to provide clear visibility to alarm systems and enable
root-cause analysis and predictive alarming
The USD$1.2 million alarm management solution is the third deployment at a
major plant for a Middle East gas processing company
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Edmonton, Alberta – April 19, 2007
Matrikon Inc. (TSX:MTK) today announced that one of the worlds largest gas processing companies based in the Middle East is deploying Matrikon’s alarm management solution for a plant expansion following the successful completion of alarm management solutions at other facilities.
The solution includes Matrikon’s ProcessGuard for alarm management and archiving, 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 over the next three months and may be expanded to accommodate additional plant areas.
Michael Brown, Matrikon’s vice president of technology stated: “We were selected for this project because Matrikon is the only company able to offer a comprehensive alarm management solution and to deliver it as a large scale solution to achieve sustainable, maintainable results. Our applications integrate into existing site work practices and this is the key to ensuring site personnel leverage the technology to its full potential. In addition, the best way to reduce alarms is to prevent them in the first place, and we are excited to win this contract due in large part to our unique event detection and predictive alarming capability.”
Matrikon is the largest global alarm management solution provider, with over 2,500 installations monitoring and reducing alarms at over 4,000 plants worldwide.
About Matrikon
Matrikon (www.matrikon.com) 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.
Matrikon, ProcessGuard and ProcessMonitor are trademarks or registered trademarks of Matrikon Inc.
Cautionary note regarding forward-looking statements
This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond Matrikon’s control and may cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Matrikon’s filings with the Canadian provincial securities commissions.
For more information, contact:
Nicole Sayler
Corporate Communications & Investor Relations
780-945-4010
nicole.sayler@matrikon.com