LyondellBasell Europe standardizes on Matrikon(TM) solution for Alarm Management

    COLOGNE, GERMANY, July 10 /CNW/ - Matrikon Deutschland AG, a wholly-owned
subsidiary of Matrikon Inc. (TSX:MTK), today announced that it has entered
into a license agreement with Basell Polyolefine GmbH, Wesseling, Germany, on
its own behalf and for and on behalf of all European companies of
LyondellBasell Industries. The agreement allows all LyondellBasell production
facilities in Europe to integrate and use Matrikon's Alarm Management software
suite with a variety of different control systems, thus establishing a
system-independent standard for the evaluation of alarm performance throughout
LyondellBasell's European operations. In addition, the agreement may be
expanded to include international joint-ventures of LyondellBasell or to
upgrade the European sites with additional functionality such as Matrikon's
Control Performance and Equipment and Asset Monitoring products.
    Timo Klingenmeier, General Manager of Matrikon Deutschland stated:
    "The solution enables LyondellBasell to focus on the technical and
organizational benefits of implementing a standardized Alarm management system
across multiple sites. We are proud to be selected by LyondellBasell
Industries as one of the largest global chemical companies for this important
aspect of plant safety and reliability."
    Harald Konig, Alarm Management Project Lead at LyondellBasell Europe,
    "We chose Matrikon Alarm Manager because of its ability to easily connect
to different types of DCS and other control systems, and because it has
extensions to monitor plant performance, control loops, and other plant
assets. In addition, Alarm Manager provides a standard set of EEMUA metrics
from all the different DCS systems allowing us to benchmark and monitor the
performance of each plant in a standardized manner. These metrics will be used
to focus on key issues, thus simplifying further alarm system optimization."

    About Matrikon

    Matrikon is a leading provider of integrated industrial intelligence
solutions that enable manufacturing plants to achieve operational excellence
by transforming production data into knowledge to predict and prevent problems
and optimize operations. Matrikon's customers achieve agile operations through
the combination of external market and plant data to make informed,
intelligent decisions in real-time. With offices in major cities throughout
North America, Australia, Europe and the Middle East and a global client base
including industry leaders in a wide range of process industries, Matrikon's
reach is global.

    About LyondellBasell

    LyondellBasell Industries is one of the world's largest polymers,
petrochemicals and fuels companies. We are the global leader in polyolefins
technology, production and marketing; a pioneer in propylene oxide and
derivatives; a significant producer of advanced fuel products; and the owner
of one of North America's largest full-conversion refineries. Through research
and development, LyondellBasell develops innovative materials and technologies
that deliver exceptional customer value and products that improve quality of
life for people around the world. Headquartered in The Netherlands,
LyondellBasell is privately owned by Access Industries.

    Forward Looking Statements

    In order to provide our investors with an understanding of our current
results and future prospects, our communications often include written or oral
forward-looking statements. This earnings announcement & MD&A and other
material filed with the Canadian securities regulators contain statements that
are forward-looking. These statements are made pursuant to the "safe harbor"
provisions of applicable Canadian securities legislation. These statements
represent Matrikon's intentions, plans, expectations and beliefs and are based
on our experience and our assessment of historical and future trends and the
application of key assumptions relating to future events and circumstances.
These statements may include, but are not limited to, comments about our
objectives and priorities for 2008 and beyond, strategies and targets,
expectations for our financial condition, and the outlook for our operations
and external factors that may impact results, including global economies and
industry trends.
    Forward-looking statements require assumptions and involve risks and
uncertainties related to our business and the general economic environment,
many beyond our control. There is significant risk that the predictions,
forecasts, conclusions or projections we make will not prove to be accurate
and that our actual results will be materially different from the targets,
expectations, estimates or intentions expressed in the forward-looking
statements. We caution readers of this information circular not to place undue
reliance on our forward-looking statements.
    The future outcomes that relate to forward-looking statements may be
influenced by many factors, including but not limited to: general economic
conditions in the countries in which we operate; currency fluctuations; market
demand for our products and services; our ability to execute projects and
deliver solutions; our ability to execute our strategic plans and to complete
and integrate acquisitions; the degree of competition in the geographic and
business areas in which we operate; our ability to attract and retain
qualified employees and contain payroll costs; our ability to contain
expenses; technological changes and research and development; the length of
the sales cycle required to close larger solution contracts; availability of
financial resources to carry out our strategy; our ability to protect our
intellectual and intangible properties; legal claims; critical accounting
estimates; the possible effects on our business of war or terrorist
activities; disease or illness that affects local, national or international
economies; and disruptions to public infrastructure, such as transportation,
communications, power or water supply. We caution that this list is not
exhaustive of all possible factors.
    Other factors could adversely affect our results. For more information,
please see the discussion on the principal risks that could affect our
results, beginning on page 44 of Matrikon's 2007 Annual Report.
    When relying on forward-looking statements to make decisions with respect
to Matrikon, investors should carefully consider these factors, as well as
other uncertainties and potential events, and the inherent uncertainty of
forward-looking statements. Unless required by law, we do not undertake to
update any forward-looking statement, whether written or oral, that may be
made from time to time by the company or on its behalf.

For further information:

For further information: Matrikon Inc., Canada: Nicole Sayler, Corporate
Communications Director, (780) 945-4010,; Matrikon
Deutschland AG, Germany: Julia Engel, Administration, +49 221 969 77-32,

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