Shenzhen Metro of China Deploys Datastream 7i to Track and Manage Assets
GREENVILLE, S.C., Oct. 17, 2005—Datastream Systems, Inc. announced today that Shenzhen Metro of China has deployed the Datastream 7i™ Asset Performance Management solution to optimize the performance of its assets at its new railway system in Shenzhen, Guangdong Province, China.
Datastream 7i enables Shenzhen Metro to manage all of the components involved with its rail system, including over 21 kilometers (13 miles) of underground rail lines, with the same ease as its discrete assets such as rail stations and equipment. Historically, transportation assets have been particularly difficult to manage due to the challenges involved with locating and managing specific asset components and segments across large geographic areas. With Datastream 7i, Shenzhen Metro can easily track costs, conduct maintenance, and analyze data on more than 250,000 assets distributed across the railway – including telecommunication and signal equipment, power transmissions, water drains, fire control equipment, railway doors, equipment monitors, ticket machines, elevators and escalator systems.
Datastream 7i also has enabled Shenzhen Metro to gain control over its inventory-management operations. As a result, Shenzhen Metro has reduced the time required to calculate proper inventory levels from up to four days to just three hours each month.
“Datastream 7i gives us new visibility into our operations by tracking the asset hierarchy and movement of these assets, as well as giving us the ability to view every purchase and transfer,” said Sufu Wang, vice general manager of maintenance for Shenzhen Metro. “This capability has enabled us to improve maintenance operations and reduce costs. Also, Datastream 7i is easy to use, reduces paperwork, and provides a wide variety of powerful reporting tools for analysis of operational data to meet our stringent management requirements.”
“Shenzhen Metro is an excellent example of how transportation agencies can use Datastream 7i to drive operational performance,” said Datastream CEO Larry Blackwell. “Shenzhen Metro needed an Asset Performance Management solution to help manage their fleet and track asset lifecycles. They selected Datastream 7i for its comprehensive asset functionality, asset hierarchy flexibility and robust reporting capabilities.”
About the Shenzhen Metro
The Shenzhen Metro is the underground railway in Shenzhen, Guangdong Province, China. It is owned by the Shenzhen Metro Company. With the opening of the Shenzhen Metro in December 2004, Shenzhen became the fourth city in mainland China with an underground railway system (after Beijing, Shanghai and Guangzhou), providing a highly cost-effective, alternative method of travel for citizens.
About Datastream Systems, Inc.
Datastream 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 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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Datastream and Datastream 7i are marks of Datastream Systems, Inc. ("Datastream" or the "Company"). All other products or Company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
Statements in this release contain forward looking statements that involve uncertainties and risks. Factors that could cause actual results to differ materially include, but are not limited to the risk factors described in detail in our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2003 and our quarterly report on Form 10-Q for the quarter ending September 30, 2004. All statements made in this press release are made only as of the date set forth at the beginning of this release. 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.