AspenTech and the National Institute of Standards and Technology (NIST) have received an R&D 100 Award for innovation in software from R&D Magazine.
The breakthrough collaboration gives process engineers out of the box modelling capabilities for a wide-range of chemical processes, saving months of time when estimating and evaluating thermophysical properties of chemical compounds for the design and optimization of process industry plants.
Willie Chan, senior vice president of research & development, AspenTech, said: “AspenTech is honored to be recognised by such a prestigious awards program. It is the result of a combination of factors unique to AspenTech, especially our commitment to R&D investment that is unmatched in engineering and optimisation software for the process industries.”
“This is coupled with our long-standing recognition of the importance of properties and thermodynamics in process engineering, longterm cooperation with NIST, and the deep domain knowledge of our industryleading experts in process modeling and optimisation.”
Since 1963, the R&D 100 Awards have honored such revolutionary technologies as the fax machine (1975), the liquid crystal display (1980), and HDTV (1998).