Edmonton, AB – August 12, 2004 Matrikon Inc. (TSX:MTK) today announced that it has won a $3.3 million contract with Syncrude Canada Ltd. to deliver an Equipment Asset Management System (EAMS).
EAMS will track and manage Syncrude's physical assets to extend the life of equipment, ensure equipment is fully utilized and reduce maintenance costs through effective and efficient planning, scheduling and work management.The EAMS will store a variety of equipment, maintenance planning and work management information, and provide strategic asset management capabilities for over 200,000 pieces of equipment (haul trucks, shovels, pumps, motors, control devices). EAMS is a comprehensive solution for Syncrude's equipment management needs and will be used by up to 3,500 users.
EAMS involves the replacement of the existing legacy system, including system integration, enhancements to business processes, key performance indicator (KPI) reporting, integration with existing business applications and user training. The project will take approximately two years to complete. EAMS will connect real-time production data and maintenance data, enabling condition-based maintenance by monitoring process data to predict and prevent equipment failure and optimize productivity." This project solidifies our longstanding relationship with Syncrude and our position as leaders in industrial equipment asset management," said Nizar J. Somji, president and CEO of Matrikon.
"Imagine being able to predict equipment failure, and by taking corrective action, prevent the failure and related downtime. The business value of monitoring physical assets is enormous. With our vast experience with both plant control and maintenance systems, Matrikon is uniquely positioned to deliver these solutions and to incorporate value-added components such as condition-based maintenance."
About Syncrude
Syncrude Canada Ltd. is the world's largest producer of crude oil from oil sands and the largest single source producer in Canada. Syncrude produces high-quality, light, sweet crude oil which meets more than 13 percent of Canada's petroleum needs. This works out to approximately 230,000 barrels per day.
Syncrude produces a single product called Syncrude Sweet Blend.The Syncrude Project is a joint venture operated by Syncrude Canada Ltd. and owned by Canadian Oil Sands Limited, ConocoPhillips Oilsands Partnership II, Imperial Oil Resources, Mocal Energy Limited, Murphy Oil Company Ltd., Nexen Inc., and Petro-Canada Oil and Gas.
About Matrikon Inc. Matrikon ( www.matrikon.com )is a leading provider of technology that delivers solutions for industrial agility and through innovation, is shaping the future of industrial plants. Our technology enables plants to achieve operational excellence by transforming production data into knowledge to predict and prevent problems and optimize operations.
Our 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 manufacturing and process industries, Matrikon’s reach is global.
