PETROCHINA EXPANDS THE USE OF PICASO THROUGHOUT CHINA
Picaso delivers increased visibility and performance optimization
to largest producer of crude oil and natural gas in China
PHILADELPHIA, PA, USA – January 8, 2008 – PetroChina Company Limited has completed a successful pilot of the Picaso™ solution and is now expanding the solution throughout its polymer operations. PetroChina, recently named the world’s most valuable company, is one of the largest producers and suppliers of chemical raw materials and finished products in China.
The Picaso solution was initially chosen through a partnership with Honeywell International, a long time member of WAM Systems’ Alliance Partner Program. The solution is being implemented by another WAM implementation partner, BearingPoint Asia.
“We are glad that PetroChina has recognized the value of our initial joint pilot and is now expanding the Picaso solution throughout its polymer operations,” said Jack Weiss, CEO of WAM Systems. “Picaso is delivering the increased visibility and performance optimization that PetroChina is looking for in its polymer facilities.”
WAM, Honeywell, and BearingPoint team to bring advanced plant MES and supply chain solutions to PetroChina and other leading process manufacturers worldwide.
About PetroChina
PetroChina is one of the largest companies in the People's Republic of China. Established as a joint stock company with limited liabilities under the Company Law of the People's Republic of China in 1999 as part of the restructuring of state-owned China National Petroleum Corporation, PetroChina is engaged in a broad range of activities relating to its exploration, production, refining, marketing, and chemical and natural gas businesses. For more information, visit
www.petrochina.cm.cn.
About Honeywell
Honeywell is a 24 billion dollar diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; specialty chemicals; fibers; plastics; and electronic and advanced materials. Honeywell’s Automation Controls and Solutions (ACS) group offers WAM’s Picaso™ planning systems as an embedded part of their Business.FLEX® Value Chain Management solution for the chemical industry. Honeywell’s Business.FLEX Value Chain Management solution delivers a solution that bridges the gap between supply chain planning, supply chain execution, and process automation. Honeywell also maintains a global staff of consulting professionals trained to implement and support Picaso installations around the world. For more information, visit
www.honeywell.com.
About BearingPoint, Inc.
BearingPoint, Inc. (NYSE: BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has more than 17,000 employees focusing on the Public Services, Financial Services and Commercial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to "next-generation" technology. For more information, visit the company's Web site at
www.BearingPoint.com.
About WAM Systems
WAM Systems delivers advanced supply chain planning solutions designed specifically for process manufacturers.
WAM's supply chain solutions are used throughout the global process industry, providing a broad set of visualization, decision support, and optimization tools that address the unique challenges found in managing complex supply chains. The company has an established track record of deploying its supply chain decision support and optimization technologies across a wide variety of process manufacturing markets including polymers, chemicals, CPG, pharmaceuticals, and oil & gas refining.
The company and its worldwide partners also provide a full range of consulting, support, training and implementation services.
Headquartered outside of Philadelphia, WAM's customers include Arkema, Celanese, Chevron Phillips, EvonikDegussa, Eastman, FMC, Honam, Indian Oil, Ineos, LyondellBasell, Kraton, Lonza, Oxea, PetroRabigh, Sasol and Solvay.
For more information on WAM Systems, visit
www.wamsystems.com.
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