Ivara Corporation

Ivara Corporation

August 09, 2005 10:19 ET

Synterprise Joins Ivara's Implementation Partner Program; New Relationship Supports Ivara's Growth Strategy in the Utility Sector

BURLINGTON, Ontario--(CCNMatthews - Aug 9, 2005) -

Ivara Corporation, an industry leader and innovator in asset reliability solutions, today, announced that Synterprise Global Consulting has joined its implementation partner program. Synterprise is a leader in engineering and business consulting for the utility market. Electric utilities looking for solutions to increase operational competitiveness through improvements in equipment reliability will profit from this strategic partnership.

Synterprise's proven expertise in power plant operations combined with Ivara's unique reliability technology and methodology give electric utilities a proven way to develop and implement asset reliability programs. A proactive asset reliability process increases maintenance effectiveness and delivers a rapid return on investment.

"This agreement brings together people, process, and technology necessary to increase utility company profits," said, Michael L. Brown, CEO, Synterprise Global Consulting. "Our relationship with Ivara will allow Synterprise to deliver best of breed reliability technology and enhance our ability to deliver industry best practices to each client implementation."

"Ivara is excited to be partnering with Synterprise," said Bill Shaw, president & CEO, Ivara Corporation. "We have seen an increasing trend in utilities' recognition that to achieve and sustain asset reliability improvement, utilities need both expertise and software to support and manage a proactive asset reliability process. Together, Synterprise and Ivara will assist utilities in achieving business goals and impacting the bottom line."

About Synterprise Global Consulting

Synterprise, LLC is an engineering and business consulting company specializing in the utility and energy industry. Synterprise assists clients improve competitive position by optimizing asset utilization; by implementing best practice processes and integrating best of class technologies. Synterprise provides consulting for reliability management, outage/shutdown management and work management/CMMS services. Synterprise's innovative Ecotube System improves boiler performance and dramatically reduces NOx. For more information, please visit www.synterprise.com.

About Ivara

An industry leader and innovator in asset reliability solutions, Ivara combines advanced software and unparalleled reliability expertise to help customers achieve and sustain a proactive, reliability driven approach to maintenance. Using a comprehensive blend of technology and services, Ivara creates unique reliability solutions that align equipment performance with clearly identified business goals for increased revenue, operating output and safety. For more information about Ivara, visit www.ivara.com.

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