MANCHESTER, England, Dec. 8, 2004 (PRIMEZONE) -- Engineering Software Solutions announced today that it has entered into an agreement with Nalco Energy Services, a Sugar Land, TX based firm, to market and distribute Nalco Energy Services' MONITOR(tm) heat exchanger network monitoring software.
The MONITOR software is used in oil refineries and chemical plants to track the performance of integrated heat exchanger networks. It combines a user-friendly graphical interface with a unique combination of accurate fluid modeling, rigorous thermodynamic calculations, database management, data reconciliation techniques and automated operation. The MONITOR software also simplifies the analysis of heat exchanger network economics. It optimizes exchanger cleaning by automatically identifying which exchangers in the network will provide the greatest economic benefit when cleaned. In addition, it optimizes flow splits to maximize furnace inlet temperature. All of these features are combined in one easy to use exchanger network model that is specifically designed to get the most out of existing equipment leading to improved operations, energy efficiency and profitability.
"We have been continuously improving the MONITOR software for the last 14 years as part of our comprehensive fouling control and energy management offering for oil refineries and chemical plants," said David Johnson, Nalco Energy Services Business Manager for Downstream Processes. "Our global sales force uses this tool routinely on refinery exchanger networks around the world including crude units, hydrotreaters and fluid catalytic cracking slurry exchangers. Our customers have seen the benefits of this user-friendly program and have been asking for some time to purchase it for their own engineering staff. Now that we have concluded this agreement with ESSCo, any refinery or chemical plant operator can license the software and use it to optimize their operation."
It was ESSCo's long and successful track record in designing, writing, marketing and supporting process engineering and refining software that prompted Nalco to select them for this task. Said Dr. Julian Shaw, ESSCo's Managing Director: "As well as marketing the MONITOR software to refineries, we intend to continue its development. Its sophisticated thermodynamics and its ability to handle multiphase hydrocarbon systems with water and non-condensables such as hydrogen make it ideal for extending its range of applicability into other process areas." He added, "But our primary focus will be on helping our clients reach solutions. Timely engineering and program support is a vital part of that focus."
Nalco Energy Services L.P., a subsidiary of Nalco, is a leader in providing on-site problem-solving innovations to the global petroleum and petrochemical industries, delivered by an extensive network of technical field specialists working in more than 120 countries. With a continued emphasis on environmental leadership, the company is a principal supplier of specialty chemical applications and services used in the oil exploration, refining and chemical process industries. 2004 marks the subsidiary's 75th anniversary.
Nalco Company is the leading provider of integrated water treatment and process improvement services, chemicals and equipment programs for industrial and institutional applications. The company currently serves more than 60,000 customer locations representing a broad range of end markets. It has established a global presence with over 10,000 employees operating in 130 countries, supported by a comprehensive network of manufacturing facilities, sales offices and research centers. In 2003, Nalco achieved sales of $2.8 billion.
Engineering Software Solutions Ltd (ESSCo) is a team of highly skilled and experienced chemical engineers and computer scientists with a track record of successfully developing, marketing and supporting computer programs for the process industries. Their specialised domain knowledge includes: thermo-physical property generation, graphical user interface, database management, flowsheeting, risk analysis, multi-platform porting, web-based applications, statistical analysis, and plant information systems.
This news release includes forward-looking statements, reflecting current analysis and expectations, based on what are believed to be reasonable assumptions. Forward-looking statements may involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from those projected, stated or implied, depending on many factors, including, without limitation: ability to generate cash, ability to raise capital, ability to refinance, the result of the pursuit of strategic alternatives, ability to execute work process redesign and reduce costs, business climate, business performance, economic and competitive uncertainties, higher manufacturing costs, reduced level of customer orders, changes in strategies, risks in developing new products and technologies, environmental and safety regulations and clean-up costs, foreign exchange rates, the impact of changes in the value of pension fund assets and liabilities, changes in generally accepted accounting principles, adverse legal and regulatory developments, including increases in the number or financial exposures of claims, lawsuits, settlements or judgments, or the inability to eliminate or reduce such financial exposures by collecting indemnity payments from insurers, the impact of increased accruals and reserves for such exposures, and adverse changes in economic and political climates around the world, including terrorism and international hostilities and other risk factors identified by the company. Accordingly, there can be no assurance that the Company will meet future results, performance or achievements expressed or implied by such forward-looking statements. This paragraph is included to provide safe harbor for forward-looking statements, which are not generally required to be publicly revised as circumstances change, and which the Company does not intend to update.
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