CSX Supplier Innovation Award Recognizes AspenTech’s Mtell for Prescriptive Maintenance Solutions
Continuous, Safe Locomotive Operations Supported by Advanced Machine Learning Software
Technology, Inc. (NASDAQ: AZPN), a leading provider of software and
services to industry, today announced
that Mtell, the recently acquired pioneer of prescriptive analytics for
maximizing asset availability, has received the 2016 CSX Supplier Innovation Award.
CSX Corporation, a premier transportation services provider based in Jacksonville,
Florida, recognized Mtell as a select supplier delivering extraordinary value
and productivity, saving the company millions of dollars in costly downtime.Mtell prescriptive
maintenance functionality helps CSX identify potential locomotive issues by
analyzing large volumes of real-time and historical operational and maintenance
data to detect anomalous behavioral patterns. By automating the detection of potential
problems and prescribing corrective actions, the solution helps firms quickly identify
and rapidly respond to early indicators of potential failures, significantly improving
asset utilization.AspenTech’s asset performance management
solutions use a systems approach to accurately predict equipment and process
failures, precisely understand when and why the failure will occur, and offer
prescriptive recommendations to optimize business decisions from a design,
operations and maintenance perspective.Supporting QuotesLarry Biess, Director Business Intelligence, Engineering
& Strategy, CSX Transportation“AspenTech and Mtell
are critical partners in CSX’s transformation into a highly automated railroad,
which requires a sophisticated level of predictive analytics to further enhance
our safe, reliable service for customers. We’re pleased to recognize this
important partnership – which has delivered consistent results driving
operational and cost efficiency – with our 2016 Supplier Innovation Award.”Paul Rahilly, Former Mtell Chief Executive Officer,
AspenTech Senior Director, Product Management“We are
delighted to receive the 2016 CSX Supplier Innovation Award, and look forward
to adding value to the aspenONE Asset Performance Management software suite.
Together, we will continue to empower industry with game-changing prescriptive
solutions that use machine learning to give firms an unprecedented ability to
accurately predict degradation and failures in assets, and proactively mitigate risk.”Mike Jensen, President, 4Atmos Technologies LLC“4Atmos is pleased to
be a key part of the CSX success story and looks forward to continuing to help customers
save millions of dollars by avoiding potential failures. Our deep domain
experience and hands-on approach enables us to rapidly deploy AspenTech’s industry-transforming
prescriptive maintenance solutions and put into place the business best
practices that result in real-world savings and optimized efficiencies.”About AspenTechAspenTech 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,
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