BREA, Calif.--(BUSINESS WIRE)--Nov. 10, 1997--Simulation Sciences Inc. (SIMSCI) (NASDAQ:SMCI) Monday announced the implementation of the company's Rigorous Online Modeling (ROM) system at Daqing Oil Field Petrochemical Complex, a refinery plant located in China.
Recent model performance tests indicate potential annual cost savings of approximately $1 million.
SIMSCI's ROM system provides an online software model for maximizing operating profits in refinery and petrochemical operations by identifying optimum process settings.
Jun Gao, vice president of Daqing Oil Field Petrochemical Complex, said: "We are extremely impressed with the ROM system as well as the approach taken to execute the project. SIMSCI's engineering service staff did an outstanding job managing this project and effectively addressing our product and service needs."
Tom Clinkscales, SIMSCI's vice president of engineering services, said, "The Daqing project utilized the Louyang Petroleum Corp. (LPEC) RFCC reactor model integrated with SIMSCI's PRO/II software, demonstrating the open nature of our applications and our ability to leverage best-in-class technologies for our customers."
About SIMSCI
Simulation Sciences (SIMSCI) is a leading provider of commercial application software and related services to the petroleum, petrochemical, industrial chemical and other process industries as well as the engineering and construction firms that support those industries. SIMSCI's software products are designed to increase customers' profitability by reducing their capital investment costs, increasing yields, improving product quality and enhancing management decision making.
SIMSCI maintains offices in Brazil, Egypt, Germany, Japan, Singapore, the United Kingdom, the United States and Venezuela, and provides support and services to more than 650 customers in more than 65 countries. For more information about SIMSCI, visit the SIMSCI Web site at simsci.com . -0-
The statement in this news release concerning expected benefits that could result in cost savings of approximately $1 million over the course of a year is a forward-looking statement within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may differ materially as a result of a number of factors, including the ROM service offering not achieving mentioned cost savings, the existence of potential software errors or defects, or other factors described in the company's most recent Form 10-Q filed with the Securities and Exchange Commission. |
