Siemens, PSE to collaborate on model-based solutions

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. With its publicly listed subsidiary Siemens Healthineers AG, the company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2017, which ended on September 30, 2017, Siemens generated revenue of €83.0 billion and net income of €6.2 billion. At the end of September 2017, the company had around 377,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

Process Systems Enterprise Ltd (PSE)
PSE (www.psenterprise.com) is the world's foremost provider of Advanced Process Modelling (APM) software and services to the process industries. Companies apply advanced process models to explore the process decision space rapidly and effectively, in order to reduce uncertainty and make better, faster and safer formulation, process and product design and operating decisions. PSE is committed, through its gPROMS APM products, to defining, developing and driving the adoption of next-generation process modelling software and workflows capable of supporting industry digitalization strategies. The unique advantages of PSE tools are the combination of high-fidelity models, powerful mathematical optimisation and global system analysis capabilities, and high-performance computing (HPC) capabilities for rapid and robust solution of complex problems. Use of PSE's technology and services results in faster innovation, improved process and product designs, enhanced operations, reduced risk, more effective R&D and experimental campaigns and better capture and transfer of corporate knowledge across the organisation. PSE's own ability to innovate was recognised with the award of the prestigious Royal Academy of Engineering MacRobert Award for Engineering Innovation, the UK's highest engineering prize.