NRX and SAP Extend Collaboration and Leadership in the Global Market to
Enable Capital Project Readiness and Operational Excellence
TORONTO, Jan. 10 /CNW/ -- Today, NRX, a market leader in asset
information management solutions, announced that its Asset Center solution has
become an SAP-endorsed business solution.
SAP AG and NRX will market Asset Center globally and across a wide
variety of asset-intensive industries, such as process and discrete
manufacturing, utilities, the public sector, and defense & security
industries. Current NRX customers include leading companies in their
respective industries, such as Chevron, Valero Energy, Petro-Canada, Fluor
Corporation, Bechtel, American Electric Power, Conectiv Energy, and
Asset Center addresses key challenges faced by asset-intensive
organizations, such as data migration, rapid handover of capital equipment
operating details from builder to owner, completing and commissioning capital
projects, and achieving rapid returns on their investments. With a vast number
of capital projects globally, accelerating project schedules and controlling
commissioning costs is critical. In addition, asset-intensive customers face
continuous pressure to reduce costs for operating assets while increasing
safety, financial and environmental compliance, reliability, availability, and
A common thread to these challenges is the lack of easy access to asset
information across the design, operate and maintain phases of the asset
lifecycle. Asset Center is a scalable, integrated and complete solution that
creates the "Information Asset" that enables business process improvement by
connecting asset owners with their engineering partners and equipment
suppliers through a common information foundation.
The announcement marks the latest collaboration between NRX and SAP to
address the pressing challenges faced by asset-intensive companies.
"Our customers in the process industries are investing billions of
dollars in capital projects every year. They need immediate returns and
maximum performance on these assets," said Peter Maier, senior vice president
of ISM Process Industries at SAP AG. "Utilizing Asset Center from NRX will
help accelerate safe operation of their newly commissioned equipment. We look
forward to working closely with NRX to address market needs for rapid handover
and documentation of equipment specifications, maintenance routines, complete
spares lists and all operating details needed to achieve a 'high-performing'
set of assets, all integrated with the SAP business process platform."
Asset Center, used in conjunction with SAP(R) applications, creates a
compelling solution for the following business scenarios:
For Asset Owners:
(*) Capital project readiness and operational excellence
(*) Accelerates achievement of full production and reduces project cost,
schedule and risk
(*) Enables seamless and cost effective data and document handover from
EPC (Engineering-Procurement-Construction) firms and equipment
suppliers to operations and maintenance organizations
(*) Improves safety and asset reliability through accurate and complete
(*) Increases efficiency of maintenance work management and MRO supply
chain processes through accurate and complete master data
(*) Facilitates asset data migration and enrichment to ensure Enterprise
Asset Management (EAM) readiness
For EPC firms:
(*) Decreases project schedules and costs by decreasing engineering cycle
(*) Leverages information management as a competitive differentiator
Today's announcement extends a long history of cooperation between the
two companies. NRX was one of the first SAP software partners to build
solutions on the business process platform and is also a member of the
industry value networks (IVNs) for the oil and gas, chemicals, mill products,
and utilities industries.
"The inclusion of Asset Center as an SAP-endorsed business solution is an
exciting step toward a paradigm shift that will benefit asset-intensive
companies tremendously," said Paul Gray, CEO of NRX. "We are working closely
with SAP to meet a compelling market need by delivering a scalable and
complete solution for asset information management. The current norm is to
spend an enormous amount of time and money recreating information for each
stage of the asset lifecycle. Asset Center drives performance and reduces
costs by creating the information once and providing all participants in the
asset lifecycle with access to a single, reliable source of asset information.
We look forward to working with SAP and its customers through this endorsement
to realize the substantial business benefits that Asset Center delivers."
About SAP-Endorsed Business Solutions
SAP-endorsed business solutions are complementary to SAP software
offerings, are developed in accordance with SAP development guidelines, and
provide additional choices and flexibility for businesses running SAP
software. SAP-endorsed business solutions are powered by the SAP NetWeaver(R)
NRX is the market leader in asset information management solutions,
enabling operational readiness for capital projects by reducing schedule and
cost, data migration complexity, and accelerating time to full production. For
operating assets, Asset Center enables operational excellence in process
safety management, reliability, and maintenance/materials management
efficiency. Asset Center is purpose built to address information management
challenges across the entire asset lifecycle. The solution combines data,
document, and project management software and methodologies to enable asset
owners and engineering companies to define their requirements; manage the data
and document collection and transformation process; and easily deploy and
sustain asset information.
For more information:
Vice President, Marketing and Solutions
tel: 1 (877) 603 4679
NRX and NRX Asset Center are trademarks or registered trademarks of NRX
Global Corp. in the United States, Canada and other countries.
SAP, SAP NetWeaver and other SAP products and services mentioned herein
as well as their respective logos are trademarks or registered trademarks of
SAP AG in Germany and in several other countries all over the world. All
other marks are the property of their respective holders.
All other brands, products, or service names are or may be trademarks or
service marks of their respective owners.
Any statements contained in this document that are not historical facts
are forward-looking statements as defined in the U.S. Private Securities
Litigation Reform Act of 1995. Words such as "anticipate," "believe,"
"estimate," "expect," "forecast," "intend," "may," "plan," "project,"
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including SAP's most recent Annual Report on Form 20-F filed with the SEC.
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For further information:
For further information: Terence Leung, Vice President, Marketing and
Solutions, NRX, (877) 603-4679, firstname.lastname@example.org, Web Site: http://www.nrx.com