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Feb 28, 2018 - BP Licenses AspenTech's aspenONE® Process Engineering Suite. 'BP intends to continue its use of the AspenTech Engineering software.
Streamline exchanger design for faster project execution. Activated EDR evaluates hundreds of design geometries for the specified process requirements. Utilize these rigorous designs for accurate thermal & hydraulic modeling in simulation and to evaluate process design feasibility with Activated Economics. Preliminary exchanger designs can easily be exported for thermal & mechanical optimization by specialists—increasing engineering efficiency and encouraging cross functional collaboration. Video: Streamline Exchanger Design Tutorial: JumpStart with Activated Exchanger Design & Rating in Aspen HYSYS Identify equipment bottlenecks to increase plant capacity. Heat exchangers are often bottlenecks in process operations.
With Activated EDR, users can easily incorporate rigorous heat exchanger models to simulate real equipment performance under the specified operating conditions. Easily identify equipment constraints and explore strategies to optimize process performance. Optimize heat exchanger designs to reduce capital and operating costs. Activated Exchanger Design & Rating works with Activated Energy and Activated Economics in both Aspen Plus and Aspen HYSYS. You can size an exchanger, obtain a relative cost estimate, and then perform pinch analysis—all without leaving the simulator Minimize the risk of costly operational problems in heat exchangers. With Activated EDR, you can instantly see the impact of design decisions on exchanger operational performance. You can easily identify and monitor critical performance issues such as excessive operating temperature & pressure, erosion or vibration risks, and more—allowing you to readily identify exchangers that constitute operational constraints.
Manage all heat exchangers from one table. With Activated EDR, you can view all heat exchangers in a process from one table—regardless of their location in flowsheets & subflowsheets.
From one table, you can easily convert exchangers from simple models to rigorous and back and view operational risks that may arise in process design.
Contents. History Founded in 1981, AspenTech was born out a joint research project between the (MIT) and —an Advanced System for Process Engineering (ASPEN) Project. On July 15, 2004, AspenTech was required by the Federal Trade Commission to make divestitures in regard to an anti-trust ruling against its acquisition of HyproTech. This included divestment of batch and continuous simulation systems and integrated engineering software business (AXSYS). In the same year, a class action lawsuit was filed against Aspen Technology and its certain officers over issuance of misleading statements and improper. On November 24, 2004, the company restated results for the fiscal years ended June 2000 through June 2004 after its audit committee discovered the company improperly accounted for certain software licenses. On March 15, 2005, the company announced that the Audit Committee of the Company's Board of Directors had completed its previously announced financial review and the company had restated its financials for each of the fiscal years ended June 30, 2000 through June 30, 2004.
Aspen Technology was delisted from the NASDAQ on February 19, 2008 for failing to meet financial transparency guidelines of the NASDAQ exchange. In February, 2010 the company was relisted on the NASDAQ exchange. Corporate Turnaround Under former CEO, AspenTech executed a corporate turnaround strategy.
Examples of steps taken during this period included:. Consolidating facilities with regional head offices in The America's, EMEA and Asia Pacific. Reducing the R&D facilities from 19 to 3 globally - Process Modeling based in,; Manufacturing and Supply Chain Center of Excellence in,; Quality Assurance Center in,. Reorganizing the professional services business unit - new organization structure and management, and streamlining operations. On April 30, 2013, AspenTech announced that Mark Fusco would retire as President & CEO effective September 30, 2013.
On October 1, 2013, Antonio Pietri became AspenTech President & CEO. References. February 10, 2010.
Retrieved February 7, 2018. AspenTech Corporate Overview. Facts at a Glance 2008-04-30 at the.
FTC ruling on Hyprotech acquisition antitrust case. Archived from on 2008-06-02. Retrieved 2008-07-15.
CS1 maint: Archived copy as title. November 15, 2004.
Retrieved Jul 25, 2013. Aspen Technology Notice of Delisting. Jackie Noblett (2010-02-10). Boston Business Journal. AMR Research (2008-01-04). Archived from (PDF) on 2012-12-14.
Retrieved 2008-04-14. Boston Business Journal External links. (2012). (2004).