Datastream Congratulates Nucor for Plant of the Year Award
Datastream 7i Asset Performance Management Solution Helps Nucor Optimize
Asset Performance and Win Prestigious Plant Services Award
GREENVILLE, S.C., Nov. 21, 2005 - Datastream Systems, Inc. announced today that its customer, Nucor Corporation, has won this year’s Plant Services Plant of the Year Award. Nucor, the nation’s largest steel producer, operates 17 steel mills throughout the United States with a total annual production capacity of over 20 million tons and net revenue in 2004 of $11.3 billion. Nucor utilizes the Datastream 7i Asset Performance Management solution to track and manage thousands of assets throughout the country.
Each year, Plant Services awards its Plant of the Year Award to the manufacturing facility that succeeds with the best management, the most innovative maintenance practices, and the best strategy for being competitive in the marketplace. Plant Services magazine awarded Nucor’s Darlington, S.C. plant its Plant of the Year Award for being “the embodiment of what’s right in manufacturing,” including innovative asset management and cutting-edge technology.
“We’ve always been impressed by the people at Nucor for their commitment to innovation and quality,” said Larry Blackwell, Datastream CEO. “This award recognizes them for knowing what it takes to stay competitive in today’s global economy. We have been proud to serve Nucor as a customer for over 10 years, and we offer our congratulations.”
About Datastream Systems, Inc.
Datastream Systems, Inc. provides Asset Performance Management software and services to enterprises worldwide, including more than 60 percent of the Fortune 500. Datastream’s solutions combine world-class asset management functionality with advanced analytics to deliver a powerful platform for optimizing enterprise asset performance.
By using Datastream’s solutions, customers can maintain and manage capital assets – such as manufacturing equipment, vehicle fleets and buildings – and create analyses and forecasts so they can take action to improve future performance. Datastream’s flagship product, Datastream 7i, delivers a complete Asset Performance Management infrastructure by combining an Internet, web services architecture with broad enterprise asset management functionality, integrated procurement, advanced analytics and multi-site capability.
Datastream was founded in 1986 and has customers in more than 140 countries. For more information, visit http://www.datastream.net/.
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This press release contains forward-looking statements that involve a number of risks and uncertainties, including statements regarding our financial performance for the remainder of 2005 and in 2006. Factors that could cause actual results to differ materially include, but are not limited to: increasing competition in the markets in which the Company competes; the stability of the Company's strategic relationships with third party suppliers and technologies; the ability of the Company to: sell larger and more complex software solutions, successfully transition to the development of further Internet- based products, successfully manage its international operations, enhance its current products and develop new products and services that address technological and market developments; and other risk factors listed from time to time in Datastream's SEC reports, including, but not limited to the "Risk Factors" contained in Datastream's Annual Report on Form 10-K for the fiscal year ended December 31, 2004. Datastream does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in the Company's expectations or any changes in events, conditions or circumstances on which any forward-looking statement is based.