Ivara Corporation Launches Ivara EXP Professional



    New Software Offering builds Foundation for Equipment Reliability
Programs and Offers Choice in Reliability Development Strategies

    BURLINGTON, ONTARIO, November 7 /CNW/ - Ivara Corporation, the industry
leader and innovator in asset performance management solutions, today
announced the release of Ivara EXP Professional, a reliability strategy
development software. This new offering is available through The Aladon
Network(TM), whose members are the exclusive providers of the leading
application of Reliability Centered Maintenance - Ivara RCM2.

    Ivara EXP Professional offers users a cohesive strategy to drive
disciplined failure mode analysis work across an entire equipment base within
a single application. The new offering is comprised of the following
functional features fully supported by The Aladon Network.

    Asset Prioritization

    Objectively determine which assets should be tackled first when
conducting RCM2 or an FMEA analysis. With Asset Prioritization users gain a
clear understanding of the consequences and risks associated with their
equipment failing, to determine which assets are the priority to achieve
maximum return on their analysis investment.

    Reliability Strategy Selection

    Recognizing that one methodology does not meet all clients' needs, Ivara
has developed the Reliability Strategy Selection feature to ensure that
organizations apply the appropriate risk/consequence approach best suited for
their business environment. This feature offers users a tailorable risk-based
methodology to objectively determine which of their assets require RCM2 and
which are suitable for MTA, enabling a balance of these two complementary
methodologies in their business context.

    Two Integrated Equipment Reliability Program Development Strategies:

    --  RCM2 RCM2 has been generally accepted as the most comprehensive RCM
methodology available. Meeting the SAE JA1011/1012 standard, RCM2 is
engineered to ensure the highest possible standard of safety, environmental
and operational performance levels demanded of the most critical assets of a
business.

    --  MTA EXP Professional supports a complementary new analysis
methodology defined by Ivara called Maintenance Task Analysis (MTA). MTA draws
from the strengths of RCM2 thinking, but provides an accelerated FMEA approach
ideal for rapid analysis of less critical assets. MTA is less
resource-intensive and ideal where the rigor of full RCM2 may not be required.

    Ivara also offers flexible licensing options for EXP Professional, that
can help address specific client requirements today and as they evolve in the
future.

    EXP Professional has been designed and built for seamless migration to
EXP Enterprise where the results of the analyses from EXP Professional can be
implemented and deployed in a complete asset performance management system.
EXP Enterprise transforms RCM2 and FMEA analyses into a living equipment
reliability program online and in real-time.

    "The Aladon Network pioneered RCM2 and Ivara's technology is grounded in
RCM2 thinking. EXP Professional is a culmination of these synergies into one
offering that delivers an unparalleled level of functionality in developing an
equipment reliability strategy tailored to an organization's unique business
needs," states Gerry Bleau, president and CEO, Ivara Corporation. "We also
recognize that many organizations struggle to implement RCM results. Our
flagship product, EXP Enterprise is a powerful execution system that works
with EXP Professional to seamlessly implement analysis recommendations. This
combination enables organizations to fully realize their goal of optimized
asset performance."

    "Unlike most toolkits, EXP Professional goes beyond the capture and
storage of RCM2 analysis recommendations - it gives our clients a choice in
reliability development strategies with RCM2 and MTA. In addition, it offers a
migration path to implementation with EXP Enterprise," states Peter Stock,
Sentratech, CEO and long-time member of The Aladon Network. "With EXP
Enterprise and Professional, Ivara is truly enabling the full life-cycle of
asset management. We are excited to bring this powerful integrated offering to
the market and help our clients move forward in their journey to operational
excellence."

    About Ivara:

    Ivara is the leader in asset performance management software. The Ivara
EXP Enterprise solution prevents industrial equipment failure, increases
production and lowers costs for better business performance. EXP transforms
data into real-time intelligence and helps plant and operations management
make fast and accurate business decisions. Customers worldwide, representing a
cross section of asset intensive industries, realize the benefits of Ivara EXP
everyday. For more information visit www.ivara.com and www.aladon.com.




For further information:

For further information: Ivara Corporation Anna Da Costa, 905-632-8000
ext. 246 Sr. Marketing Communications Specialist anna.dacosta@ivara.com

Organization Profile

IVARA CORPORATION

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