SimSci-Esscor Awarded $500,000 Ecopetrol Software Contract | Automation.com

SimSci-Esscor Awarded $500,000 Ecopetrol Software Contract

LAKE FOREST, Calif., July 22, 2003 -- SimSci-Esscor, an operating unit of Invensys plc, today announced it has signed a two-year contract with Ecopetrol, the state-owned petroleum producing and refining company of Colombia. Valued in excess of $500,000, it is the second in a series of three, two-year software contracts between the two companies.

"This contract demonstrates SimSci-Esscor's continuing leadership in providing highly valued process simulation solutions to the hydrocarbon industries," said Ken Brown, vice president and general manager of SimSci-Esscor. "We continually invest in expanding product capabilities because we are committed to addressing the changing needs of customers such as Ecopetrol."

The agreement calls for SimSci-Esscor to supply process simulation software and related services to Ecopetrol's Instituto Colombiano del Petroleo research center in Bucaramanga, and its refineries in Cartagena and Barrancabermeja. Ecopetrol is involved in the exploration, development, production and refining of petroleum throughout Colombia. The combined capacity of its two refineries is 300,000 barrels of oil per day.

Under the terms of the contract, SimSci-Esscor will supply software solutions from its Process Engineering Suite, which are designed to improve engineering productivity and increase plant profitability through process engineering design and operational analysis. Engineers plan to use SimSci-Esscor's Pro/II(R), Hextran(R), Inplant(R), Visual Flow(TM) and Pipephase(R) software for use throughout Ecopetrol. The software solutions enable operators to troubleshoot, optimize and safely operate petroleum production and processing facilities at maximum efficiency.

Ecopetrol signed its new contract because SimSci-Esscor products and services have provided measurable value to its engineers and offered advanced, proven capabilities to its operators, Brown said. The company is expected to sign a third two-year contract with Invensys in 2005.

About SimSci-Esscor

SimSci-Esscor, an operating unit of Invensys plc., is a leader in the development and deployment of industrial process simulation software and systems for a variety of industries, including oil and gas production, petroleum refining, petrochemical and chemical manufacturing, electrical power generation, mining, pulp and paper, and engineering and construction. SimSci-Esscor solutions enable clients to minimize capital requirements, optimize facility performance, and maximize returns on investments in producing assets. SimSci-Esscor supports more than 750 client companies in more than 70 countries. For more information, visit the SimSci-Esscor Web site at www.simsciesscor.com.

About Invensys

Invensys is a global leader in production technology. The group helps customers improve productivity, performance, and profitability using innovative services and technologies and a deep understanding of their industries and applications.

Invensys Production Management works closely with customers to increase performance of production assets, maximize return on investment in production and data management technologies and remove cost and cash from the supply chain. The division includes APV, Avantis, Eurotherm, Foxboro, IMServ, SimSci-Esscor, Triconex, and Wonderware. These businesses address process and batch industries -- including oil and gas, chemicals, power and utilities, food and beverage, and personal health care -- and the discrete and hybrid manufacturing sectors.

Invensys Rail Systems is a global leader in the design, manufacture, supply, installation, commissioning and maintenance of safety related rail signaling and control systems as well as a complete range of rail signaling and communications products. The business includes Westinghouse Rail Systems Limited (WRSL), Dimetronic Signals, Safetran Systems, Burco Services, Westinghouse Signals Australia, and Foxboro Transportation. WRSL was recently awarded two contracts valued at more than 850 million pounds (US$1.3 billion) for the renewal of signaling on the London Underground.

Invensys also currently serves other market sectors through its Development Division. The businesses in this division are: Appliance Controls, APV Baker, Climate Controls, Hansen Transmissions, Lambda, Metering Systems, Powerware and Teccor. Invensys is actively seeking to develop these businesses through equity partners or new owners.

Invensys operates in more than 60 countries, with its headquarters in London. For more information, visit www.invensys.com.
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