ROANOKE, Va., April 24, 2014 /PRNewswire/ -- Meridium®, Inc. (www.meridium.com), a global leader in asset performance management (APM) software and services, today announced that mining solutions leader Joy Global will implement Meridium's APM software across its global Life Cycle Management (LCM) business units for both surface and underground mining equipment. The company will use the Meridium solution to drive company growth through improvements in equipment reliability, availability, and maintenance strategies.
"Having already realized the benefits from an earlier Meridium implementation for Joy Global Surface Mining, we are confident in Meridium's ability to deliver outstanding value to both the Surface and Underground sides of the business," said Matt Beaudry, Program Manager Life Cycle Management at Joy Global. "Through our partnership with Meridium, we will have a greater understanding and management of asset performance risk while providing our customers a lower total cost of ownership."
To support Joy Global's initiative of establishing its predictive Smart Services platform in each of its operating regions, the company will implement the best practices and software of Meridium APM Foundation, Asset Strategy, and Failure Elimination.
Meridium APM Foundation includes the framework for a living asset-management strategy, including the use of existing data and structures from other systems, such as SAP®, and provides the value of integrated performance data in the right context to identify and focus improvement efforts. Meridium Asset Strategy improves asset strategies and management using a risk-based approach, and offers a common methodology to define actions and their mitigated risks to drive the evaluation of existing plans with basic risk analysis. Meridium Failure Elimination profiles the causes and costs of failure for the development of strategies to prevent future failures.
"Meridium's software and supporting processes align closely with Joy Global's commitment to safety, reliability and efficiency," said Bonz Hart, Meridium CEO. "We are pleased to help Joy Global implement the technology to help achieve these long-term global operational goals."
Meridium is the global leader in asset performance management (APM) software and services for asset-intensive industries. Meridium provides insights into industrial assets for mitigating risk and improving operational excellence. Founded in 1993 and headquartered in Roanoke, Virginia (USA), Meridium pioneered the vision, software and technology behind APM. Today Meridium serves market-leading companies with more than 1,000 licensed sites around the globe.
About Joy Global Inc.
Joy Global Inc. is a worldwide leader in high-productivity mining solutions. Through its market-leading P&H and Joy brands, Joy Global manufactures, sells, and services original equipment and related parts for the surface and underground mining industries. Joy Global's products and related services are used extensively for the mining of coal, copper, iron ore, oil sands, gold and other mineral resources. For more information, visit www.joyglobal.com.