Global Licensing of Fidelis Group's TITAN System and Reliability Modeling Software to EQUATE Petrochemical Company
The Fidelis Group, LLC Announces the Global Licensing of Titan System and Reliability Modeling Software to EQUATE Petrochemical Company
HOUSTON, TX (PRWEB) June 16, 2004 -- The Fidelis Group, LLC today announced a
perpetual software license agreement with The Equate Petrochemical Company, a
leading international chemical producer. The new agreement provides Equate's
employees with access to TITAN System and Reliability Modeling Software for the
entire EQUATE Manufacturing Chain located in Kuwait.
Equate's licensing
of TITAN demonstrates its commitment to the use of the latest technologies to
support more profitable decision-making. TITAN is particularly valuable in the
conceptual phases of engineering. The ability to understand and quantify the
cost implications of conceptual and detailed design decisions before they are
implemented can result in significant benefits and cost savings.
"Through the use of The Fidelis Group's TITAN performance modeling
software, Equate has been able to quantify the benefits of several existing
system upgrades as well as optimize the design, operation and integration of the
new plants soon to be built as part of our large capital expansion. This
software is a powerful tool used to identify significant savings opportunities
for EQUATE ." said Qassem Deshti, Ethylene Unit Reliability Engineer.
"We are excited to be working with The Equate Petrochemical Company."
said Mark Hodnett, President of The Fidelis Group. "Our new relationship has
already started producing rewards for both of our companies, and we look forward
to a long association with The Equate Petrochemical Company."
TITAN is a
full featured, advanced, multi-state, discrete event simulation modeling tool
for system and reliability modeling that provides accurate predictions of the
future performance and life cycle costs of complex systems allowing for more
profitable equipment-related decisions.
About The Fidelis Group,
LLC
The Fidelis Group, LLC is a consulting company located in Houston, Texas
offering a comprehensive package of Reliability, Asset Management and Life-Cycle
Cost consulting services and tools. The Fidelis Group's reliability services and
software serve a wide variety of industries and include Chemical Processing,
Refining, Oil and Gas Production, Power, Aviation, Military, Marine, and
Transportation.
For more information:
The Fidelis Group, LLC
979
299-0055
info@fidelis-group
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Source : http://www.prweb.com/releases/2004/6/prweb133987.htm