AspenTech & PinnacleART Partnership

Bedford, Mass. – December 07, 2017

Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization software company, today announced that Texas-based PinnacleART, provider of best-in-class reliability management programs, is now an official Implementation Service Provider (ISP) for the aspenONE® Asset Performance Management (APM) software suite. PinnacleART will utilize aspenONE APM solutions to measure, optimize and maximize asset uptime for its oil and gas, specialty chemical and wastewater customers.

For over a decade, PinnacleART has designed, implemented and maintained best-in-class reliability programs for its customers with a focus on practical application of industry leading technology. Introducing the aspenONE APM suite to PinnacleART’s toolset adds powerful capabilities to drive higher reliability with Aspen Mtell and Aspen Fidelis Reliability.

Aspen Mtell and Aspen Fidelis Reliability are part of the aspenONE APM software suite combining big data, machine learning and process modeling expertise. Together, asset analytics and system-level risk analysis detect and correct asset failures by monitoring systems and analyzing data across the design, operations and maintenance lifecycle. By significantly extending the early notification of asset failure and enabling operations and maintenance to respond as a team, the best decisions can be made for the business.

As the world leader in asset optimization software, with 35 years of technology leadership and innovation, AspenTech has delivered billions annually in value creation for over 2,100 blue-chip customers worldwide.

Supporting Quotes

Walt Sanford, Vice President Reliability Solutions, PinnacleART

“PinnacleART’s reliability-focused asset management programs and tools deliver turnkey, sustainable processes and systems focused on universal business imperatives such as risk management, asset utilization, cost optimization, and maximum asset life-cycle value. The combination of PinnacleART’s value-focused implementation expertise with AspenTech’s best-in-class Asset Performance Management solutions creates a partnership able to add significant additional value to our client engagements while enabling us to introduce new ways to drive leading reliability technologies into new markets.”

John Hague, Senior Vice President, Strategic Partnerships, AspenTech

“AspenTech and PinnacleART have a powerful opportunity to deliver an unprecedented return on assets with the ability to model and analyze customers’ business through the lens of overall system reliability so that the greatest risks can be identified, the losses quantified and the improvement opportunities justified. Together, we can help customers operate at peak performance and profitability with technology that enables data-driven decision making and provides analytics tools to mitigate risks and drive reliability.”

Supporting Resources

About AspenTech

AspenTech is a leading software supplier for optimizing asset performance. Our products thrive in complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modeling expertise with big data machine-learning. Our purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets faster, safer, longer and greener. Visit AspenTech.com to find out more.

About PinnacleART

PinnacleART is the global leader in designing, implementing, and maintaining comprehensive asset reliability and integrity programs for process facilities in the oil and gas, chemical, mining, pharmaceutical, water, wastewater, and electric power industries— including nationals, super majors, majors, and independent companies around the globe. Our team of talented experts, engineers, technicians, and inspectors help clients manage risks; ensure safety of personnel; optimize costs, ensure regulatory compliance, and achieve high, sustainable asset performance. To learn more about PinnacleART, visit pinnacleart.com.

© 2017 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen leaf logo, Aspen Basic Engineering, Aspen Fidelis Reliability, Aspen Mtell, Aspen Unified PIMS and OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved.

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