SIMSCI-ESSOR/INNOTEC DEVELOPING OIL/GAS PROCESS SOLUTIONS.

SimSci-Esscor, Lake Forest, Calif., an operating unit of Invensys plc, has signed a 5-year agreement with Innotec GmbH, a software development firm specializing in process-oriented plant construction, operation and maintenance. The organizations are working together developing, enhancing, marketing and supporting iFEED, a suite of fully integrated front-end engineering and design tools for the oil and gas industries.

The new suite of products feature Innotec's industry-leading Comos front-end engineering design (FEED) solution and PRO/II, SimSci-Esscor's process simulation software. iFEED is marketed to the hydrocarbon processing industry to support collaborative engineering and increase front-end engineering productivity.

Comos FEED is an engineering data and document-centric database management system designed to integrate process simulation data through PRO/II during scope and conceptual development as well as preliminary engineering phases of a project. The system provides multi-discipline engineers with a controlled, distributed and collaborative environment to manipulate or augment simulation data and provide non-simulation data for defining process flow and equipment specifications.

The strategic relationship with Innotec enables SimSci-Esscor to significantly increase market opportunities for its simulation software, according to Kenneth Brown, vice president and general manager of SimSci-Esscor. The relationship expands applications for PRO/II simulation data by integrating the process simulation software with Comos FEED. Engineers can now use simulation data to make better-informed engineering decisions.

"SimSci-Esscor looks forward to working closely with Innotec to provide the process industry with state-of-the-art, fully integrated process engineering tools," Brown said. "We believe that Innotec's Comos FEED solution is one of the most feature-rich, technically advanced tools on the market today. Through the seamless integration with PRO/II we believe the combination can be one of the industry's most powerful front-end engineering and design tools."

SimSci-Esscor and its affiliates may use the Comos software solution for internal purposes and to market, promote and directly distribute units through its normal worldwide distribution channels. Innotec and SimSci-Esscor will continue upgrading Comos FEED features as well as develop additional front-end engineering and design tools for the iFEED suite of products. Both companies also will provide technical and customer support for products within the new iFEED suite.

"Innotec is pleased to be able to partner with a process simulation industry leader like SimSci-Esscor," said Stephan Rohleder, chief executive officer of Innotec. "Seamlessly integrating our companies two products is an important step in providing the next-generation of solutions that can dramatically improve the productivity of process engineers and enhance their ability to collaborate on all front-end engineering activities."

About Innotec

Innotec GmbH is a full-service system vendor for process-oriented plant construction, operation and maintenance. From system customizing to individual application development based on the CAE solutions Comos(R) PT, Innotec offers globally a complete portfolio of consulting services, technical support and software development. For more information, visit http://www.Innotec.de.

About SimSci-Esscor

SimSci-Esscor, an operating unit of Invensys plc, is a leader in the development and deployment of industrial process simulation software and systems for a variety of industries, including oil and gas production, petroleum refining, petrochemical and chemical manufacturing, electrical power generation, mining, pulp and paper, and engineering and construction. SimSci-Esscor solutions enable clients to minimize capital requirements, optimize facility performance, and maximize returns on investments in producing assets. SimSci-Esscor supports more than 750 client companies in more than 70 countries. For more information, visit the SimSci-Esscor Web site at http://www.simsciesscor.com.

About Invensys

Invensys is a global leader in production technology. The group helps customers improve productivity, performance, and profitability using innovative services and technologies and a deep understanding of their industries and applications.

Invensys Production Management works closely with customers to increase performance of production assets, maximize return on investment in production and data management technologies and remove cost and cash from the supply chain. The division includes APV, Avantis, Eurotherm, Foxboro, IMServ, SimSci-Esscor, Triconex, and Wonderware. These businesses address process and batch industries -- including oil and gas, chemicals, power and utilities, food and beverage, and personal health care -- and the discrete and hybrid manufacturing sectors.

Invensys Rail Systems is a global leader in the design, manufacture, supply, installation, commissioning and maintenance of safety related rail signaling and control systems as well as a complete range of rail signaling and communications products. The business includes Westinghouse Rail Systems Limited (WRSL), Dimetronic Signals, Safetran Systems, Burco Services, Westinghouse Signals Australia, and Foxboro Transportation. WRSL was recently awarded two contracts valued at more than 850 million pounds (US$1.3 billion) for the renewal of signaling on the London Underground.

Invensys also currently serves other market sectors through its Development Division. The businesses in this division are Appliance Controls, APV Baker, Climate Controls, Hansen Transmissions, Lambda, Metering Systems and Powerware. Invensys is actively seeking to develop these businesses through equity partners or new owners.

Invensys operates in more than 60 countries, with its headquarters in London.

For more information, visit http://www.invensys.com or call 949/753-9292. ext. 266.