in Asset Management
SEATTLE, WA, May 8, 2019 – Bentley Systems and Siemens’ joint solution, Siemens APM for Power Plants, has been named as the winner of the Solution Award for Excellence in Asset Management. The Solution Awards competition is held annually in conjunction with The Reliability Conference and the Maintenance 4.0 Digitalization Forum, recognizing innovative products, software, training, and services for reliability and asset management.
Mark Confer, director of business model development, digital industries at Siemens, said, “It’s an honor for Siemens to be recognized for the work we are doing in the power generation industry. The partnership with Bentley Systems to use of their software as the foundation of our asset performance management solution is the perfect marriage of technology and expertise to advance digitalization in power plants toward higher levels of reliability, availability and ultimately, profitability.”
Siemens’ asset performance management (APM) solution covers the entire power plant, including turbines, generators, pumps, motors, transformers, valves, switchgears, and other equipment that affects plant reliability and performance. Using intelligent models paired with predictive analytics, the solution takes data from multiple sources, applies domain and analytical expertise, and seamlessly integrates the data into a customer’s existing Computerized Maintenance Management System (CMMS)/Enterprise Asset Management (EAM) environment to provide insights, which help to improve maintenance planning, reduce outages, and optimize performance.
“Bentley is delighted to receive this award in recognition of our strong partnership with Siemens and our mutual dedication to advancing infrastructure,” said Mark Biagi, director, digital co-ventures, Bentley Systems. “Many thanks to ReliabilityWeb for recognizing the innovations from Siemens and Bentley to drive asset performance improvement in the global power industry.”
The Solution Awards were judged by Uptime Magazine and Reliabilityweb.com and a jury of independent experts in the reliability and asset management community within the Association of Maintenance Professionals (AMP). The awards were announced at a ceremony during The Reliability Conference in Seattle on Tuesday, May 7.
About Siemens AG
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT.
Further information is available at www.siemens.com.
About Bentley Systems
Bentley Systems is the leading global provider of software solutions to engineers, architects, geospatial professionals, constructors, and owner-operators for the design, construction, and operations of infrastructure. Bentley’s MicroStation-based engineering and BIM applications, and its digital twin cloud services, advance the project delivery (ProjectWise) and the asset performance (AssetWise) of transportation and other public works, utilities, industrial and resources plants, and commercial and institutional facilities.
Bentley Systems employs more than 3,500 colleagues, generates annual revenues of over $700 million in 170 countries, and has invested more than $1 billion in research, development, and acquisitions since 2012. From inception in 1984, the company has remained majority-owned by its five founding Bentley brothers. Bentley shares transact by invitation on the NASDAQ Private Market; strategic partner Siemens AG has accumulated a non-voting minority stake.
For more information, visit www.bentley.com.