Gensym Corp. Announces Multi-Site Licensing Deal with Aramco Services Company

Strategic Insights -

Gensym Corp., a leading provider of software and services for intelligent operations management, has announced a significant multi-site licensing deal with Aramco Services Company. The agreement grants Gensym Corp. the use of their neural network software, NeurOn-Line Studio(tm) (NOL Studio), in various Saudi Aramco refineries and gas plants in Saudi Arabia. The deal allows Saudi Aramco to utilize NOL Studio for process modeling and on-line applications, enhancing their total plant solutions.

Key Takeaways:

  • Gensym Corp. has secured a multi-site licensing deal with Aramco Services Company to use their neural network software, NeurOn-Line Studio(tm) (NOL Studio), in Saudi Aramco's refineries and gas plants in Saudi Arabia.
  • The deal enables Saudi Aramco to apply NOL Studio for process modeling and on-line applications, providing better process quality information and ensuring on-spec product quality.
  • NOL Studio reduces the effort required to build neural network models using real-time process data, presenting an industry-standard look and feel without requiring expert knowledge of neural networks or statistics.
  • The software can be deployed in plant operations or embedded in applications as objects based on Microsoft's COM technology.
  • Gensym Corp. has sold over 10,000 product licenses to various organizations across multiple industries, demonstrating their global presence.
  • Gensym Corp. has a strong presence worldwide, with offices in North America, Europe, the Middle East, and Asia-Pacific.
  • The multi-site licensing deal is a significant achievement for Gensym Corp., underscoring the acceptance of their software for achieving economic benefits in refining and gas operations.

Statistics:

  • Gensym Corp. has sold more than 10,000 product licenses worldwide.
  • The deal allows Saudi Aramco access to NOL Studio in various refineries and gas plants in Saudi Arabia.
  • The agreement grants Gensym Corp. the use of their software in multiple locations.

Sources:

  • Gensym Corporation (http://www.gensym.com)
  • NeurOn-Line Studio (tm) (NOL Studio)
  • Aramco Services Company