COLOGNE, GERMANY, July 10 /CNW/ - Matrikon Deutschland AG, a wholly-owned subsidiary of Matrikon Inc. (TSX:MTK), today announced that it has entered into a license agreement with Basell Polyolefine GmbH, Wesseling, Germany, on its own behalf and for and on behalf of all European companies of LyondellBasell Industries. The agreement allows all LyondellBasell production facilities in Europe to integrate and use Matrikon's Alarm Management software suite with a variety of different control systems, thus establishing a system-independent standard for the evaluation of alarm performance throughout LyondellBasell's European operations. In addition, the agreement may be expanded to include international joint-ventures of LyondellBasell or to upgrade the European sites with additional functionality such as Matrikon's Control Performance and Equipment and Asset Monitoring products.
Timo Klingenmeier, General Manager of Matrikon Deutschland stated:
"The solution enables LyondellBasell to focus on the technical and organizational benefits of implementing a standardized Alarm management system across multiple sites. We are proud to be selected by LyondellBasell Industries as one of the largest global chemical companies for this important aspect of plant safety and reliability."
Harald Konig, Alarm Management Project Lead at LyondellBasell Europe, stated:
"We chose Matrikon Alarm Manager because of its ability to easily connect to different types of DCS and other control systems, and because it has extensions to monitor plant performance, control loops, and other plant assets. In addition, Alarm Manager provides a standard set of EEMUA metrics from all the different DCS systems allowing us to benchmark and monitor the performance of each plant in a standardized manner. These metrics will be used to focus on key issues, thus simplifying further alarm system optimization."
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. Matrikon's customers achieve agile operations through the combination of external market and plant data to make informed, intelligent decisions in real-time. 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.
www.matrikon.com
About LyondellBasell
LyondellBasell Industries is one of the world's largest polymers, petrochemicals and fuels companies. We are the global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide and derivatives; a significant producer of advanced fuel products; and the owner of one of North America's largest full-conversion refineries. Through research and development, LyondellBasell develops innovative materials and technologies that deliver exceptional customer value and products that improve quality of life for people around the world. Headquartered in The Netherlands, LyondellBasell is privately owned by Access Industries.
www.lyondellbasell.com
Forward Looking Statements
In order to provide our investors with an understanding of our current results and future prospects, our communications often include written or oral forward-looking statements. This earnings announcement & MD&A and other material filed with the Canadian securities regulators contain statements that are forward-looking. These statements are made pursuant to the "safe harbor" provisions of applicable Canadian securities legislation. These statements represent Matrikon's intentions, plans, expectations and beliefs and are based on our experience and our assessment of historical and future trends and the application of key assumptions relating to future events and circumstances. These statements may include, but are not limited to, comments about our objectives and priorities for 2008 and beyond, strategies and targets, expectations for our financial condition, and the outlook for our operations and external factors that may impact results, including global economies and industry trends.
Forward-looking statements require assumptions and involve risks and uncertainties related to our business and the general economic environment, many beyond our control. There is significant risk that the predictions, forecasts, conclusions or projections we make will not prove to be accurate and that our actual results will be materially different from the targets, expectations, estimates or intentions expressed in the forward-looking statements. We caution readers of this information circular not to place undue reliance on our forward-looking statements.
The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: general economic conditions in the countries in which we operate; currency fluctuations; market demand for our products and services; our ability to execute projects and deliver solutions; our ability to execute our strategic plans and to complete and integrate acquisitions; the degree of competition in the geographic and business areas in which we operate; our ability to attract and retain qualified employees and contain payroll costs; our ability to contain expenses; technological changes and research and development; the length of the sales cycle required to close larger solution contracts; availability of financial resources to carry out our strategy; our ability to protect our intellectual and intangible properties; legal claims; critical accounting estimates; the possible effects on our business of war or terrorist activities; disease or illness that affects local, national or international economies; and disruptions to public infrastructure, such as transportation, communications, power or water supply. We caution that this list is not exhaustive of all possible factors.
Other factors could adversely affect our results. For more information, please see the discussion on the principal risks that could affect our results, beginning on page 44 of Matrikon's 2007 Annual Report.
When relying on forward-looking statements to make decisions with respect to Matrikon, investors should carefully consider these factors, as well as other uncertainties and potential events, and the inherent uncertainty of forward-looking statements. Unless required by law, we do not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the company or on its behalf.
For further information: Matrikon Inc., Canada: Nicole Sayler, Corporate Communications Director, (780) 945-4010, nicole.sayler@matrikon.com; Matrikon Deutschland AG, Germany: Julia Engel, Administration, +49 221 969 77-32, julia.engel@matrikon.com
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