Meridium Debuts New Asset Health Monitoring Solution

Meridium Inc., the global leader in asset performance management (APM) software and consulting solutions, released its newest solution, Asset Health Indicators, in v3.3.1 of its APM software package.

Meridium’s Asset Health Indicator (AHI) solution is an extension to Meridium’s Asset Strategy Management application and provides the ability to define and manage health indicators for asset strategies ensuring that all aspects of equipment conditions are monitored for effectiveness. Asset Health Indicators provide visibility to critical aspects of asset and strategy conditions so owners can be alerted and notified when thresholds are exceeded. Asset Health Indicators can leverage data from existing Meridium APM sources in addition to sources which are interfaced to Meridium, such as enterprise asset management and condition/health monitoring systems. Asset Health Indicators are defined with high and low criteria for warning and alarm conditions, triggering personnel to take follow-up action.

According to Joe Nichols, Meridium VP Product Strategy, “The focus of AHI is to connect the asset strategy with critical indicators and data that can identify when strategies are not meeting expectations in order to trigger alerts for appropriate corrective actions. AHI can monitor information from existing Meridium data sources (such as readings from Operator Rounds) and results of Key Performance Indicators (KPIs), as well as excursion events from external condition/health monitoring programs and process historians. Alerted when Asset Health Indicators have reached pre-determined thresholds, key individuals within an organization can respond proactively and quickly to emerging problems with an asset strategy, thus averting lost production or catastrophic failures.”

Also included in this latest 3.3.1 version of Meridium’s APM solution are:

* SAP Interfaces – The new APM SAP® Interfaces for Meridium include nine new integration scenarios built upon Meridium’s SAP Integration Services, which ensure Meridium business processes stay in synch with SAP Asset Management processes. The interface scenarios also include an SAP Portal Query iView which delivers any Meridium data to the SAP Portal environment.
* Meridium Web Client – Meridium has greatly extended the capabilities of its web-based functionality to enable basic Meridium workflows to be conducted completely through a web browser. With the Web Client, Meridium users can create web homepages based on HTML or URLs; create, update and delete Meridium records; and view reports and queries as well as navigate the full Meridium catalog.
* Operator Rounds – Bar code scanning is now supported during route execution for asset verification and measurement location data collection.
* Thickness Monitoring – While not a new solution, Meridium Thickness Monitoring now features reengineered user interfaces and enhanced usability, which has streamlined many of the tasks that engineers perform while managing thickness inspections and asset corrosion.

Meridium CEO Bonz Hart said, “With the launch of our Asset Health Indicators solution as part of version 3.3.1 of our software, Meridium provides yet another powerful tool for our clients and partners to continue to improve the performance of their production assets and move toward profitable, comprehensive asset performance management.”

About Meridium

Meridium Inc. is the global leader in asset performance management solutions for process, power, mining and discrete manufacturing industries. With Meridium software and services, companies will accelerate profitability through effective asset strategies, thus increasing asset reliability and improving the performance of their production assets. Developing or improving these asset strategies also has a direct, positive impact on operational excellence by reducing financial, health and safety, and production risk; optimizing maintenance costs; ensuring regulatory compliance and decreasing the potential for undesirable incidents. Industry leaders such as Chevron, LyondellBasell, Marathon Oil, Anglo Platinum, and Xcel Energy rely on Meridium for enterprise wide asset performance. Meridium is headquartered in Roanoke, VA, USA, with regional offices in Houston, TX, USA; Dubai, UAE; Walldorf, Germany; and Perth, Australia. www.meridium.com