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
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Source : http://www.prweb.com/releases/2004/6/prweb133987.htm