Ivara Corporation

Ivara Corporation

April 06, 2006 10:00 ET

ABB Joins Ivara's Implementation Partner Program; ABB to Provide Implementation Consulting Services for Ivara EXP Reliability Software

BURLINGTON, Ontario--(CCNMatthews - Apr 6, 2006) -

Ivara Corporation, an industry leader and innovator in asset reliability solutions, today announced that ABB, a leader in power and automation technologies, has joined Ivara's Implementation Partner Program. Under the agreement, ABB will deliver Ivara EXP implementation consulting services through its North American Reliability Services practice, which supports its global network of customers.

In May 2005, ABB acquired the assets of HSB Reliability Technologies (HSBRT), an Ivara distribution partner. Recognizing the value that Ivara EXP reliability software would offer its customers, ABB is continuing this partnership and is now a qualified Ivara Implementation Partner.

"Ivara EXP is a powerful solution that will enhance our services offering," says Andrew Ginder, vice president, ABB Reliability Services North America. "Our reliability expertise along with EXP offers customers a superior combination that optimizes asset reliability and drives financial results."

Ivara EXP uses predictive and condition-based maintenance capabilities to monitor asset conditions. Maintenance personnel are then prompted to perform the right work at the right time, according to asset condition and performance. EXP significantly increases the effectiveness of maintenance staff - as well as improving plant productivity and extending asset life.

"We are pleased to join forces with ABB, an internationally recognized leader in the maintenance and reliability services industry," says Gerry Bleau, CEO, Ivara Corporation. "As we continue to expand our market reach for Ivara EXP, we will benefit from ABB's worldwide presence."

About ABB

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 104,000 people. For more information about ABB, visit www.abb.com.

About Ivara

A leader in asset reliability solutions, Ivara helps capital intensive companies improve operational performance by better managing the reliability of their plant assets. Ivara's unique methodology implements reliability one asset at a time, resulting in a high financial impact that is quickly realized. By putting a proactive asset reliability process in place and focusing on changing people's behavior and activities, Ivara helps transition organizations to proactively managing asset health. For more information about Ivara, visit www.ivara.com.

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