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Indus to Unveil ActionPoint Asset Management(TM) at IndusWorld
Annual User Conference to Showcase Exciting Technology and Strategic Vision
Atlanta, GA (ots)- Indus International Inc. (NASDAQ: IINT) today announced the planned launch of ActionPoint Asset Management(TM), the next-generation management platform for facilities, plant and equipment, at its annual IndusWorld User Conference, March 16-19, 2003, in Caesars Palace, Las Vegas. ActionPoint Asset Management solutions are the cornerstone of the company's initiatives to continue delivering solutions leadership in key vertical industries. What sets ActionPoint Asset Management solutions apart from traditional enterprise asset management (EAM) products is their unique ability to significantly reduce costs while simultaneously boosting performance of key physical assets.
ActionPoint Asset Management solutions achieve this breakthrough by empowering end users with all the information they need, regardless of source or format, to make the best possible decisions at the precise "action point" in which they need the information. By directing strategic decisions at each of these action points, Indus customers can optimize their productivity and minimize costs associated with unplanned downtime and excessive inventory.
"We find companies are urgently seeking new ways to slash costs and boost performance, and with the easy options already gone, our breakthrough in asset management has strong appeal," says Indus CEO Tom Madison. "Indus has invested many years and millions of dollars in perfecting solutions in the world's most demanding performance, cost and safety/compliance environments, such as nuclear power generation and critical just-in-time production facilities. Now ActionPoint Asset Management solutions will set the standard for delivering superior performance and cost savings for companies in key industries including energy, pulp and paper, manufacturing, healthcare, retail, financial services, government and transportation."
According to Colleen Ramsey, Application Manager at Idaho Power, "Utilizing the ActionPoint Asset Management capabilities in Indus solutions has sparked major business process improvement at Idaho Power by increasing the availability of integrated information from across our enterprise. For example, the Indus solutions deliver work order histories, crew availability, parts inventory data and other required information to our work planner's desktop at the precise time in which he or she needs that information to schedule maintenance or construction work. And, when the crew is dispatched, Indus' solutions deliver the material safety data sheets, work instructions, parts information and other key data the crewmembers need to ensure they perform the appropriate work in a timely and safe manner."
"As a result, equipment maintenance cost analysis and construction work order reconciling can be initiated within a day of the work being completed, rather than weeks. Streamlined work planning, inventory management, labor entry and accounts payable processes have resulted in cost reductions through actual inventory reduction and workforce efficiencies," continued Ramsey.
Breaking the Cost/Performance Paradox
"ActionPoint Asset Management focuses on breaking the cost/performance paradox," said Greg Dukat, EVP of Worldwide Operations at Indus. "Traditionally, companies have been forced to choose between either pursuing superior asset performance, or reducing asset management and maintenance costs. For example, lean workforces and parts inventory can slash costs but present huge risks in uptime performance. In today's economy, companies want both - world-class performance and significant cost reductions - and that's what Indus uniquely delivers to the most demanding customers."
True to its theme, "Discover the Possibilities," IndusWorld will showcase real-world customer results in achieving breakthrough cost/performance with ActionPoint Asset Management. More details about ActionPoint solutions, strategies and the future of Indus will be unveiled at the conference.
IndusWorld features a distinguished gathering of Indus customers, executives and partners who will explore and collaborate on best practices, integrated technologies and trends, and future directions in enterprise asset management. Through three comprehensive days of technical breakout sessions, workshops, product demonstrations, special interest group meetings and networking events, IndusWorld 2003 will provide a unique opportunity for customers to learn how to leverage best practices in order to maximize their current and future Indus investments.
Media and analysts wishing to attend IndusWorld should contact Gary Frazier, Director of Corporate Communications for Indus International, at 770-989-4188 or firstname.lastname@example.org. Customers and other attendees may register online at www.indusworld.com.
About Indus International
Indus International is the leading provider of comprehensive software and services solutions for the management of physical assets. What sets Indus apart are its breakthrough solutions for achieving world-class asset performance while significantly reducing costs. The company's ActionPoint Asset Management solutions deliver the right information to the right user at the right time to drive key business decisions. Our solutions improve clients' profitability by allowing them to better manage their assets - reducing costs, increasing capacity and competitiveness and ensuring regulatory compliance. Indus solutions are used by more than 300,000 end users in more than 40 countries and diverse industries - including manufacturing, utilities, telecommunications, government, education, transportation, facilities and property management, consumer packaged goods and more. For more information, visit our Website at www.indus.com. Safe Harbor Statement
Statements in this press release that are not strictly historical, including but not limited to statements regarding Indus' market position, customer base and the impact on future financial results, are ``forward-looking'' statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company's products and services, the ability to complete software development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company's most recent periodic filings with the Securities and Exchange Commission, including its 2001 Annual Report on Form 10-K filed on April 1, 2002, and subsequent filings on Form 10-Q.
Indus is a trademark of Indus International Inc. Other company and product names may be trademarks of the respective companies with which they are associated.
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