GREENVILLE, S.C., Oct. 17 /PRNewswire/ -- Datastream Systems, Inc.
announced today that Shenzhen Metro of China has deployed the Datastream
7i(TM) 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(TM), 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.
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.
Investor Relations and Media Inquiries
Matt Langie
Datastream Systems, Inc.
1-864-422-5179
investor@datastream.net
Andy Murphy
SparkSource, Inc.
1-781-418-2408
amurphy@sparksource.com
SOURCE Datastream Systems, Inc.
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Related links:
http://www.datastream.net
CONTACT:
Matt Langie of Datastream Systems, Inc.,
+1-864-422-5179, investor@datastream.net; or Andy Murphy of
SparkSource, Inc., +1-781-418-2408, amurphy@sparksource.com
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