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Matrikon, Inc. News

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Major Petroleum Company Standardizes on Matrikon
 
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  • Major petroleum company standardizes on full ProcessDoctor™ suite:
  • ProcessDoctor PID for regulatory control performance assessment and monitoring, which helps plant personnel focus on priority issues based on economic impact
  • ProcessDoctor MPC (Model Predictive Control) for advanced control performance assessment and monitoring, which helps to ensure that investments in advanced control technology continue to perform over the long term
  • ProcessDoctor Tai Ji for automated step testing and model identification, which reduces test time by up to 70%

    Edmonton, Alberta - February 23, 2006 - Matrikon Inc. (TSX:MTK) today announced that a major international petroleum company has standardized on ProcessDoctor, Matrikon’s solution for auditing, monitoring and optimizing the assets that control plants for all 16 of their refineries and gas plants. The roll-out of the technology has already begun with one refinery being fully commissioned and two more with plans for immediate deployment.

    Mike Brown, Matrikon’s vice president of technology commented: "We are pleased that ProcessDoctor was chosen as best in class following a thorough evaluation by the petroleum company, which included testing available control performance technology from a number of vendors. Working with one of the world’s largest crude oil producers will help to further institutionalize this technology and to move other opportunities in the petroleum industry forward."

    ProcessDoctor is an asset management solution for plant automation assets and process control systems. Process control performance significantly impacts overall plant performance and optimized process control performance can deliver productivity gains of 5 to 10%. Process control maintenance costs can be reduced by up to 50% through the automated reporting and analysis of the condition-based maintenance requirements. ProcessDoctor is the only unified process control monitoring platform for detecting and prioritizing problems, benchmarking and improving control performance and reducing maintenance costs through a condition-based approach, at all levels of automation.

    About Matrikon
    Matrikon is a leading provider of integrated industrial intelligence solutions that enable manufacturing plants to achieve operational excellence by transforming production data into knowledge to predict and prevent problems and optimize operations. 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 process industries, Matrikon's reach is global.

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