AspenTech Kicks Off OPTIMIZE™ 2013 with Launch of New Software

  AspenTech Kicks Off OPTIMIZE™ 2013 with Launch of New Software

 Introduces Industry Innovations with New aspenONE^® Web-based User Interface
and aspenONE Exchange, and Enhancements for Aspen PIMS™ Platinum and aspenONE
                                 Engineering

OPTIMIZE 2013

Business Wire

BOSTON -- May 06, 2013

OPTIMIZE 2013 – Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of
software and services to the process industries, kicked off OPTIMIZE 2013 with
the launch of industry innovations for process manufacturing and significant
enhancements to the company’s Engineering and Manufacturing and Supply Chain
products. Launched in front of more than 650 AspenTech customers, thought
leaders, industry influencers, and process experts, from over 40 countries,
the V8.2 release of aspenONE software  features:

The new aspenONE. A new web-based user interface allows process industry
professionals to work with aspenONE software anytime, anywhere. Working from
one display, users can work with AspenTech products as easily as accessing a
web page and with the simplicity of multi-touch gestures. Enterprises can now
empower the broadest range of users to tap the power of AspenTech software –
all without specialized product training or desktop installation.

aspenONE Exchange. The process industry’s first content marketplace provides a
one-stop shop for engineers to source equipment data, third-party content, and
AspenTech resources directly from Aspen Plus^® and Aspen HYSYS^® for faster,
more accurate process design. Using aspenONE Exchange’s powerful search
capability, engineers now have one location to search to find the right
information at the right time to build more detailed models earlier in the
design process. By providing content in aspenONE Exchange, equipment
manufacturers and third-party developers can directly reach the industry’s
largest cross section of process engineers.

Aspen PIMS Platinum. Aspen PIMS Platinum software provides refinery planners
with an intuitive, web-based interface that allows planners to evaluate
multiple scenarios quickly. Version 8.2 of Aspen PIMS Platinum adds the
ability to run planning cases and modify data directly in flowsheet views to
easily identify market opportunities. Planners can now visualize constraints,
evaluate economics, and see the immediate impact of adjustments to the plan to
make more profitable decisions.

Advances in aspenONE Engineering software. The latest product enhancements
include expanded solids modeling capabilities in Aspen Plus software for
specialty chemicals and agro-chemicals industries; new “Plant View”
functionality to allow engineers to select specific real-time information and
visualize how those plant variables have performed over time for better
decision support and troubleshooting; and enhancements to Aspen Economic
Evaluation software that allow engineers to ensure designs comply with API RP
14C safety requirements for more accurate economic evaluation of oil and gas
assets from conceptual design to detailed cost estimation.

The new release is available immediately. For more information, visit
www.aspentech.com. The latest version of aspenONE software is available for
download at AspenTech Support.

About OPTIMIZE 2013

AspenTech’s OPTIMIZE is the only conference dedicated to the exchange of
engineering, manufacturing, and supply chain best practices for the process
industries. Sponsors and media partners include Microsoft, AIChE, Applied
Control Engineering, Helium Consulting, M&W Group, PlantVision, TimeCommerce,
Control Magazine, Hydrocarbon Processing, and World Oil.

Supporting Quotes

Phil Edwards, Staff Scientist, SABIC
“The new aspenONE web interface is a big step towards ensuring that the right
person can always access, select, and use the right model right when it is
needed. This access can result in better operational decisions.”

A Sathiyanarayanan, ManagerSupply Chain Optimisation, Bharat Petroleum
Corporation Limited
“In just a short time using Aspen PIMS Platinum, I’ve seen several areas of
benefit – from better insight into feedstock balance to secondary processing
units to more effective management of process streams. Aspen PIMS Platinum
also provides a common language for analyzing and sharing the plan
effectively. Its flowsheet view makes it easier to determine the quality of
the process streams both technically and economically.”

Manolis Kotzabasakis, Executive Vice President, Products, AspenTech
“Process manufacturers worldwide attend OPTIMIZE to connect with peers, to
share best practices, and to see new innovations from AspenTech. At OPTIMIZE
2013, we are delivering on those expectations with the new aspenONE and
aspenONE Exchange – and significant new enhancements for Aspen PIMS Platinum
and aspenONE Engineering products. In the past year, many of our customers
have upgraded to the latest Aspen Plus and Aspen HYSYS products, and the new
benefits of Version 8.2 continue to state the case for expanded use of our
latest releases.”

Supporting Resources

  *aspenONE V8.2
  *The New aspenONE
  *aspenONE Exchange
  *aspenONE ExchangeAspen PIMS Platinum
  *aspenONE Engineering
  *Solids Modeling
  *Plant View
  *Economic Evaluation
  *OPTIMIZE 2013

About AspenTech

AspenTech is a leading supplier of software that optimizes process
manufacturing – for energy, chemicals, engineering and construction, and other
industries that manufacture and produce products from a chemical process. With
integrated aspenONE solutions, process manufacturers can implement best
practices for optimizing their engineering, manufacturing and supply chain
operations. As a result, AspenTech customers are better able to increase
capacity, improve margins, reduce costs and become more energy efficient. To
see how the world’s leading process manufacturers rely on AspenTech to achieve
their operational excellence goals, visit www.aspentech.com

© 2013 Aspen Technology, Inc. AspenTech, aspenONE, Aspen PIMS, Aspen Plus,
Aspen HYSYS, the Aspen leaf logo, and OPTIMIZE are trademarks of Aspen
Technology, Inc. All rights reserved. All other trademarks are property of
their respective owners.

Contact:

Aspen Technology, Inc.
DoShik Wood, +1 781-221-5730
doshik.wood@aspentech.com
or
North America
Lois Paul and Partners (for AspenTech)
Caroline Pennartz, +1 617-986-5750
aspentech@lpp.com
 
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