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MRO Software Continues Momentum in Global Nuclear Energy Market

Posted on: Monday, 18 July 2005, 09:05 CDT

MRO Software (Nasdaq: MROI), the leading provider of strategic asset and service management solutions, today announced recent customer sales and implementations demonstrating the Company's continued momentum in the nuclear energy market.

Beginning with the Company's first nuclear energy customers more than six years ago, MRO Software solutions for nuclear energy are in production use, or being implemented in more than 30 units on four continents. In the two and a half years since the formation of the company's nuclear energy advisory council and industry solution, Maximo(R) Nuclear, six organizations representing 24 units have selected MRO Software as their solution provider for strategic asset and service management.

Recent customer wins or implementations in the nuclear energy market include the fleet operated by Constellation Energy along with the Fermi 2 station owned and operated by DTE Energy, the Comanche Peak station, owned and operated by TXU, a fleet of nuclear stations owned and operated by a mid-Atlantic-based energy company, a major nuclear power station in Finland, and British Nuclear Fuels' (BNFL) Chapelcross station in the U.K. These recent customer wins were closed within the past 18 months.

"To meet our business objectives, it is essential that we have a strategic approach to asset and work management. After careful evaluation, we selected Maximo as our asset and work management platform for our nuclear and non-nuclear generation fleet," said Wynne Hayes, CIO and business performance improvement manager for Constellation Energy's Generation Group. "We look forward to the benefits of improved efficiency in asset management and the accompanying advantage we plan to leverage in the competitive energy market."

These new customers join existing sites managed by MRO Software solutions at commercial companies such as Entergy Nuclear Northeast, Seabrook-FPL, Electrobras Termonuclear, and the Guangdong Nuclear Power Operating Company.

"With the future looking brighter for the nuclear energy industry, the industry needs to look beyond the traditional avenue of working harder as a way of improving performance. Working smarter includes finding ways to fully leverage the physical and human assets involved in energy production," said Michael Golay professor of nuclear engineering, Massachusetts Institute of Technology (MIT), and member of the MRO Software Nuclear Energy Advisory Council. "Using solutions and tools that improve reliability, safety and output, is a logical next step for the industry to pursue."

The formation in January 2003 of the Company's Nuclear Energy Advisory Council, formalized some of the outreach and interaction between the Company and industry experts. The council is comprised of industry experts, customers and MRO Software executives. The council meets twice a year and has become an information source for industry and utility leaders and has established working groups to evaluate development specifications for Maximo Nuclear that are required to address the unique strategic asset management needs of the nuclear power industry.

"We're pleased with the momentum we've generated in the nuclear market, with our Maximo nuclear offering," said Patricia C. Foye, executive vice president global marketing and alliances, MRO Software. "There is definitely a replacement cycle taking place in the nuclear industry for asset and service management solutions. We continue to invest a significant amount of resources in developing Maximo Nuclear and believe that the platform is well-suited for the specific requirements of this market. The growing number of customers selecting Maximo in the U.S. and abroad demonstrates the momentum we have in this market."

The introduction of the next-generation solution Maximo Nuclear in 2004 marked the latest advance in the Company's nuclear solution. Working with The Nuclear Energy Institute (NEI), customers, development partners and the Company's Nuclear Energy Advisory Council, MRO Software developed the deep functionality required to support key processes in the Standard Nuclear Performance Model (SNPM).

MRO Software's strategic asset and service management solution Maximo, is used in more than 260 utilities worldwide, including a growing number of nuclear power stations in Asia, Europe, and the United States. In fiscal 2004, revenues from utility customers accounted for approximately 20 percent of the Company's total revenues.

About MRO Software, Inc.

MRO Software is the leading provider of strategic asset and service management solutions. Maximo Enterprise Suite, the Company's flagship solution, is delivered on a web-architected platform and increases productivity, optimizes asset performance, and service levels, reduces costs and enables asset-related sourcing and procurement across the entire spectrum of strategic assets.

The Company's asset management solutions allow customers to manage the complete lifecycle of strategic assets including: planning, procurement, deployment, tracking, maintenance and retirement. Using MRO Software's solutions, customers improve production reliability, labor efficiency, material optimization, software license compliance, lease management, warranty and service management across their asset base.

MRO Software (Nasdaq: MROI) is a global company based in Bedford, Mass., with approximately 900 employees, 10,000 customers and more than 260,000 end-users. The Company markets its products through a direct sales organization in combination with a network of distributors and resellers. MRO Software has sales offices throughout North America, Europe, Asia/Pacific and Latin America. Additional information on MRO Software can be found at http://www.mro.com.

Maximo(R) is a registered trademark, and MRO Software(TM) and Maximo(R) Nuclear(TM), are trademarks of MRO Software, Inc.

Source: Business Wire

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