Solvay Paperboard Deploys Datastream 7i™ For Improved Management Of Maintenance Resources
State-of-the-art Linerboard Manufacturer Implements Datastream’s Flagship Product to Reduce Downtime and Standardize Work Processes
GREENVILLE, S.C. – December 28, 2004 – Datastream Systems, Inc. (NASDAQ: DSTM) today announced that Solvay Paperboard has deployed the Web-architeched Datastream 7i Asset Performance Management solution as part of an enterprise-wide initiative to improve efficiency and drive down costs.
Solvay Paperboard is a $350 million company that produces state-of-the-art, recycled linerboard for the corrugated packaging industry. This capital-intensive enterprise required a business solution to manage a broad and diverse array of capital assets and spare parts. With Datastream 7i, Solvay Paperboard automates preventive maintenance and inspection routines, manages warranties and views key performance indicators to see “at a glance” information on operational performance.
“We are an around-the-clock operation and any equipment downtime results in a loss of thousands of dollars. Therefore, it’s imperative that our assets perform at maximum efficiency to keep production volume and delivery capacity as high as possible,” said Eric Dombkowski, maintenance area manager of Solvay Paperboard. “Datastream 7i gives us a single solution for ensuring optimal asset performance.” Dombkowski also added that Datastream provided superior support and project management during the implementation process, resulting in a successful deployment to more than 100 end-users.
Solvay Paperboard is one of many manufacturing organizations using Datastream 7i. Datastream 7i is a robust web-architected solution that allows these organizations to address asset performance management challenges so they can maximize plant output and minimize waste and lost productivity.
“Minimizing production downtime is a difficult challenge for many organizations that simply cannot have equipment failure. The robust work order and inventory functionality of Datastream 7i gives Solvay Paperboard control of its operations so it can take measures to optimize performance,” said Larry Blackwell, president and CEO of Datastream. “Solvay Paperboard is a company that operates on a tight schedule, and Datastream 7i helps them address issues that could otherwise disrupt the entire manufacturing process.”
About Datastream Systems, Inc.
Datastream Systems, Inc. (NASDAQ: DSTM) provides Asset Performance Management software and services to enterprises worldwide, including more than 65 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 www.datastream.net.
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.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include, but are not limited to: the results of the investigation of the Company's Chinese operations and the results of the review by the Company of its transactions with resellers could vary from the financial results previously disclosed by the Company; if the Company cannot successfully appeal the notice of delisting before the Nasdaq Listing Qualifications Panel, the Company’s common stock will be delisted from the Nasdaq Stock Market, which could adversely affect the liquidity of the trading market for our common stock, and, therefore, could adversely affect the trading price of our common stock; depending on the outcome of the current investigation, the scope of the investigation may be expanded; the Company’s efforts in connection with the investigation into its Chinese operations have caused the Company to fall behind schedule with respect to its review of its internal controls, and as a result, the Company cannot be certain that it will be able to comply with the requirement of Section 404 of the Sarbanes-Oxley Act of 2002 by the December 31, 2004 deadline; 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, 2003. 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.