Sunoco, Inc. and Aspen Technology Sign Strategic
Alliance
PR Newswire - March 15, 2000 09:46
Sunoco selects AspenTech as preferred supplier of modeling, advanced control and supply
chain management solutions
CAMBRIDGE, Mass., March 15 /PRNewswire/ -- Aspen Technology, Inc. (Nasdaq:
AZPN), the leading supplier of manufacturing enterprise optimization and extended supply chain
solutions for the process industries, today announced that it has signed a strategic alliance
agreement with Sunoco, Inc. (NYSE: SUN). Sunoco, one of the largest independent petroleum
refiner- marketers in the United States, selected AspenTech based on the anticipated benefits
that will be generated from the integration between AspenTech's modeling, advanced control
and supply chain management software.
Sunoco operates manufacturing facilities in Tulsa, Okla.; Toledo, Ohio; Yabucoa, P.R.; Marcus
Hook, Pa.; Frankford, Pa.; Brandenburg, Ky.; and Philadelphia, Pa., where the company is
headquartered. These five refineries operate at a crude oil processing capacity of 730,000
barrels a day. Sunoco also sells lubricants and petrochemicals worldwide, operates domestic
pipelines and terminals, and manufactures metallurgical-grade coke for use in the steel industry.
"Sunoco has long been an AspenTech customer and presently has several of AspenTech's
products employed at various locations within our business," said Sheldon Thompson, Senior
Vice President, Sunoco, Inc. "We look forward to the deployment of AspenTech's
multivariable control technology and supply chain management software at our various
manufacturing facilities."
"AspenTech has invested considerable resources in integrating its technologies, and this effort
will continue to be a critical part of the value we bring customers in the future," said Steve
Finlayson, Senior Vice President of AspenTech Global Solutions. "Our integration efforts are
already creating economic benefits for customers such as Sunoco, who are able to turn to a
single partner for the range of software needed to simulate, control and optimize their plants and
supply chains."
About AspenTech
Aspen Technology, Inc. is the leading supplier of integrated software and solutions that enable
process manufacturers to automate and optimize their plants and extended supply chains, while
enabling e-business. With deep process knowledge, best-in-class technology, and strategic
alliances with leading business and technology partners, AspenTech offers the industry's
broadest family of scaleable solutions, allowing process manufacturers to achieve competitive
advantage in the Internet economy. AspenTech's Plantelligence(TM) solutions automate and
optimize critical business processes at the plant level. AspenTech's Enterprise
Optimization(TM) solutions extend the scope of optimization across the enterprise and
extended supply chain. AspenTech eSupply Chain solutions enable manufacturers to link
seamlessly to customers, suppliers and on-line trading exchanges, creating a collaborative,
flexible extended enterprise. AspenTech employs more than 1,500 people worldwide. For
more information, visit www.aspentech.com.
This news release contains forward-looking statements regarding future events or financial
performance of AspenTech that involve risks and uncertainties. Certain risks and uncertainties
are discussed in the Risk Factors section of our Form 10K for the year ended June 30, 1999,
which factors are incorporated herein by reference. Copies of this document are available on
request from the Investor Relations Department of AspenTech.
AspenTech, Enterprise Optimization, Plantelligence and the aspen leaf logo are trademarks of
Aspen Technology, Inc., Cambridge, Mass.
SOURCE Aspen Technology, Inc.
/CONTACT: For Media: Gina Cerami of Aspen Technology, Inc.,
908-790-7330, gina.cerami@aspentech.com or For Investors: Lynette Pitman of
Schwartz Communications, Inc., 781-684-0770, lynettep@schwartz-pr.com or
Joshua Young of Aspen Technology, Inc., 617-949-1274,
joshua.young@aspentech.com/
/Web site: aspentech.com
(AZPN SUN)
Odd PR. Saw the ICGE deal with Sun also.
Jack |
