ExxonMobil Selects Invensys as Provider of Real-Time Optimization Software
Leading Refining, Energy and Petrochemical Company to Implement SimSci-Esscor Systems GloballyLAKE FOREST, Calif., Feb. 23, 2004 -- SimSci-Esscor, an operating unit of Invensys plc, today announced it has signed a perpetual license agreement with ExxonMobil Research and Engineering Company to provide its industry leading real-time optimization (RTO) software, ROMeo, to Exxon Mobil Corp.'s worldwide affiliates. The contract includes software licenses, engineering services, technical support and training. This new agreement provides for use of the RTO software for open- and closed-loop online unit optimization. In addition, the license covers use of ROMeo for offline unit optimization such as process and equipment monitoring and olefins plant optimization. This agreement complements ExxonMobil's long-standing relationship with SimSci-Esscor for detailed engineering design and simulation tools.ExxonMobil will begin implementation of ROMeo as part of its molecule management initiative. "We are pleased that ExxonMobil has chosen SimSci-Esscor as its provider of real-time optimization solutions," said Ken Brown, SimSci-Esscor's vice president and general manager. "Having been selected as a technology partner, we look forward to helping the company realize maximum benefits from our technology."About Exxon Mobil Corp. and ExxonMobil Research and EngineeringExxonMobil Research and Engineering Company is a wholly owned research and engineering subsidiary of Exxon Mobil Corp. Exxon Mobil Corp. is a leading international energy company whose subsidiaries have operations in approximately 200 countries and territories. ExxonMobil has exploration and production activities in some 50 countries, refining operations in 26 countries, 45,000 service stations in more than 100 countries, and petrochemical manufacturing or marketing operations in more than 150 countries around the world.About SimSci-EsscorSimSci-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 InvensysInvensys 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 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 company includes APV, Avantis, Eurotherm, Foxboro, IMServ, SimSci-Esscor, Triconex and Wonderware, and other well-known brands. These businesses address process and batch industries -- including oil and gas, chemicals, power and utilities, food and beverage, pharmaceuticals and personal health care products, metals and mining -- plus the discrete and hybrid manufacturing sectors.Invensys operates in more than 60 countries, with its headquarters in London. For more information, visit www.invensys.com.
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