AspenTech Licenses Engineering Software to Aker Kvaerner

Aspen Technology has entered a multi-year software license agreement with Aker Kvaerner. The new corporate agreement provides all Aker Kvaerner sites with access to a range of Aspen Engineering Suite (AES)(TM) products for simulation, optimization and design. The products will help the company to deliver superior, cost-effective solutions to its customers in the oil & gas production, refining, petrochemicals, chemicals, and pharmaceuticals industries.

Aker Kvaerner has used AspenTech's engineering products for over ten years, including key tools like HYSYS and HTFS(TM) for oil & gas and refining projects, and Aspen Plus and Aspen Icarus(TM) for clients in the chemicals and pharmaceuticals industries. The new agreement builds on the existing relationship by providing the entire company with access to a broad range of AES technologies. The products enable workflow-based solutions that are designed to increase engineering efficiency, and are used for key functions like designing and optimizing new processes, estimating, and the detailed engineering of process units.

"AspenTech's engineering solutions play a significant role in helping us to deliver high-value services to our process industry clients," said Dave Turner, Vice President of Information Systems, Aker Kvaerner. "By providing our engineers with more flexible access to a standard set of solutions, we will be able to improve the productivity and consistency of our teams, and further enhance the quality and value of the services we provide."

The agreement with Aker Kvaerner has been structured to reflect the dynamic nature of the company's global business. It provides a standard toolset that can be accessed by its engineering groups as required at all of its worldwide locations, allowing the company to react quickly to project and business demand, and execute new and existing projects more efficiently.

"Aker Kvaerner is recognized as a leading supplier of engineering and construction services to the process industries," said David McQuillin, President and CEO of AspenTech. "The company's decision to extend its commitment to our AES solutions builds on our long partnership together, and highlights the value that those solutions can deliver to engineering service providers and their clients."

The Aspen Engineering Suite is an essential element of AspenTech's solutions for enterprise operations management (EOM) in the process industries. These integrated, enterprise-wide solutions combine engineering and manufacturing/supply chain technologies to help companies optimize the way they engineer and run manufacturing and supply chain operations.