Asset Performance Technologies, Inc. (APT) Ranks As Number One Small Company
Fine tuning preventive maintenance
Software developer targets a number of industries
New Mexico Business Weekly
June 22, 2007 - Albuquerque, NM:
Failure is an option - and that's what has made Asset Performance Technologies a success.
Based in Corrales, the company was formed in 2004 when
David Worledge and
Glenn Hinchcliffe commercialized software they had originally developed for the electric power industry. With funding from the Electric Power Research Institute, the two had spent the late 1990s gleaning information from throughout the power industry and analyzing the failure rates of some 150 types of equipment. From there, they created a database and used it to help individual power plants learn how and when it is most cost effective to perform maintenance on their equipment.
"These plants typically might have a billion dollars worth of equipment, and it's a tremendous logistical problem to manage maintenance on that equipment. It costs a lot, and you have to keep doing preventative management over and over again," notes
David Worledge, Asset Performance Technologies' president and chief executive officer. "It's the kind of activity that doesn't necessarily show its payback immediately, so you have to trust that if you didn't do it, then you'd be in a lot of trouble, perhaps in two year's time, five year's, 10 year's time."
Asset Performance Technologies (APT) produces the revolutionary PRO-M, a unique enterprise software package with proven ability to deliver improvements in preventive maintenance (PM) task effectiveness and PM program ROI, setting the standard for Economic Based Maintenance (EBM). PRO-M delivers an optimal PM program for your site that can be dynamically updated to reflect changing plant needs and economics. It can be used as a standalone solution or to support corporate PM improvement efforts.
