DALLAS, May 18, 2016 /PRNewswire/ -- Meridium®, Inc., the global leader in asset performance management (APM) software and services, announced the winners of the 2016 Asset Performance Management Awards. The winners were recognized during the annual Meridium Conference for partners and clients at the Gaylord Texan Resort in Dallas, Texas, for remarkable global accomplishments by APM professionals in best practice development, program success, innovation, and overall achievement in the field of asset performance management.
According to Meridium president and CEO Bonz Hart, "Meridium's close client collaboration leads to field-proven solutions and intelligent asset strategies are predicting and preventing asset failures. While we are indebted to all of our clients, this year we want to recognize three exceptional partners for their innovative asset management programs. Our clients worldwide realize significant benefits from the implementation of Meridium APM solutions, and we are proud to highlight some really unique and successful efforts this year."
The 2016 APM Best Practice Award, which recognizes a pioneering best practice that optimizes a process using Meridium APM solutions, was awarded to Chevron Phillips Chemicals (CPChem), one of the world's top producers of specialty chemicals. Chevron Phillips Chemicals was selected based on exemplary work around developing clearly defined asset integrity work processes and driving a successful enterprise implementation. CPChem initially embarked on a corporate Meridium implementation project, and quickly realized success was dependent upon on empowering its user base through the development and delivery of role-based competency and training programs. The entire organization assumed a vital role in training and system utilization to deliver real value through APM.
Meridium presented the 2016 APM Enterprise Technology Award to Petropiar, one of Venezuela's leading oil and natural gas reserve operators. The APM Enterprise Technology Award recognizes the company that has implemented a technology solution that has eliminated or integrated the most stand-alone solutions, and effectively removed many of the data silos in their organizations to create a true enterprise APM system.
The APM Innovation Award is given to the company that developed and implemented new and innovative uses of the Meridium APM solution to change work processes within their industry, enabling sustainable value. Rio Tinto, a leading global metals and mining company that focuses on finding, mining and processing the earth's mineral resources, was recognized for its early and visionary work developing a reliability-centered maintenance (RCM)-based approach with Meridium Asset Health Manager and Policy Designer. Integrating Meridium's advanced APM capabilities with Emerson's asset management software analytics enabled Rio Tinto to create a weighted health for each of their critical assets. These calculated values are rolled up into an asset hierarchy so that managers and supervisors can get an overall health view for each site and system and prioritize maintenance needs efficiently.
Meridium is the global leader in asset performance management (APM) software and services for asset-intensive industries. Meridium increases the availability of assets, improves safety, optimizes cost and lowers risk for our global clients in more than 80 countries with more than 1,200 licensed sites around the world. Through our unique software developed in collaboration with our clients, we predict and prevent asset failures with intelligent asset strategies. Founded in 1993 and headquartered in Roanoke, VA (USA), with offices around the world, Meridium is the pioneer of APM and continues to drive innovation, leveraging the data from sensors, devices, systems and smart equipment to minimize unplanned events, incidents and downtime.
Jane Bailey, Meridium
Rachael Tucker, InkHouse for Meridium
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SOURCE Meridium, Inc.