Ontario-based Electricity Provider Maximizes Safety and Cost Efficiencies with Effective, Efficient Capital Project Delivery
WATERLOO, Ontario, April 11, 2017 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTEX), a global leader in Enterprise Information Management (EIM), today announced that Bruce Power, a private provider of clean, reliable, low-cost nuclear power across Ontario, is using OpenText to provide collaboration and control of document processes. Using OpenText, the company is able to integrate key management systems across its plants to maximize safety and cost efficiencies.
Based in Ontario, Bruce Power supplies 30 percent of the region's energy at 30 percent less than the average residential price. The company has begun a series of privately funded incremental life-extension investments to replace major plant components that will secure a clean, reliable and affordable source of electricity in Ontario through 2064. The company needed a solution to help manage all of the detailed information related to the plant upgrades and enhancements of the Life Extension Program.
"We chose the OpenText solution to improve how we will collaborate and control our critical document processes during this important Life Extension Program, so we can continue to provide Ontario families and businesses with low-cost power," said Sarah Shortreed, vice president and chief information officer, at Bruce Power. "This project is paramount for us and Canada, creating and sustaining 22,000 direct and indirect jobs annually, and $4 billion in labor income and spending on equipment and materials from hundreds of small, medium, and large suppliers each year in Ontario. Managing the volumes of critical documentation and integrating it into our asset management systems is key to our success, and our partnership with OpenText will help us do just that."
OpenText offers Bruce Power a range of capabilities, including Engineering Document Management with controlled revision tracking and automatic numbering and transmittals, and workflow and reporting. The solution will also provide collaboration benefits to ensure project execution excellence and operational readiness during the Life Extension Program.
The asset management capabilities of the OpenText solution will support the initial planning of the refurbishment activities, including the lifecycle management of critical documentation for plant assets.
"We will be collaborating with internal and external stakeholders such as key engineering and construction firms on everything from planning, to design and construction of the refurbished reactors, and must manage all of this information in a very secure and detailed manner," said Shortreed.
The integrated OpenText solution will ensure a smooth handover, first with documentation on how the Bruce Power plant assets are today to support continuing operations and maintenance, and ongoing for an effective and efficient capital project delivery that will maximize safety and yield cost efficiencies for plant operations.
The OpenText EIM portfolio is designed to enable organizations to discover and manage information to spur growth and innovation and decrease time to competitive advantage. The platform consists of comprehensive and integrated product solutions including Content Suite, Process Suite, Experience Suite, Analytics Suite, Discovery Suite and Business Network. OpenText's EIM solutions are available for deployment on-premises, in the cloud and in hybrid deployments.
OpenText enables the digital world, creating a better way for organizations to work with information, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Open Text Corporation