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New Projects Show Continuing Efforts at Fiatech

Austin, TX, February 23, 2012 – Fiatech continues to drive the industry forward with an expanding project list recently approved by the Board of Advisors. Completion dates vary for the new efforts, with some finishing in 2012 and others extending into 2013. The seven new projects add to an already substantial list of on-going work. Newly approved and funded projects include:

Life Cycle Materials Risk Mitigation (LMRM) — will develop an interactive materials management checklist linked to project phases to ensure materials are identified and addressed as early as possible. The tool will streamline information sharing and facilitate more effective decision making. Completion date: second quarter, 2013.

Next Gen Project Performance Predicting (NP3) — will investigate the applicability of multi-attribute predictive techniques such as neural networks or genetic algorithms to capital project performance assessment and prediction. The goal is to "train" solution methodologies with respect to maximizing multiple dimensions of project performance using previously collected logistics service operations data. Completion date: fourth quarter, 2012.

Consolidating Logistics Control Attributes (CLCA) — will identify and fully document categories, types, purposes, attributes, and sources of information associated with the movement of materials and equipment on capital projects. The project also will develop interoperability compliance strategies. Completion date: first quarter, 2013.

Expediting Equipment & Material Selection and Acquisition (EMSA) — will streamline the identification, evaluation, selection, and procurement of commonly used materials and equipment through electronic cataloguing. The project also will incorporate provisions for interoperability compliance to a variety of open standards along with a broad range of 2D and 3D design tool compatibility support. Valves will be the first in a series of data centric migrations which will take place under this project. Completion date: project will be on-going through 2013.

Real-Time Field Reporting Using Smart Devices, Phase 2 — will look at iPads, Android Tablets, smart phones, tablet PCs and Golden-I. The already completed field trials involved industrial, horizontal, and vertical projects in both the U.S. and UK, utilizing smart devices and emerging technologies. A report on Phase 1 work is expected shortly. Completion date: early 2012.

Harmonizing Industry Standards to Exchange Equipment Data — will harmonize ISO 15926, AEX cfiXML, and the Hydraulic Institute (HI) EDE 50.7 standard. Each of these activities endeavours to facilitate efficient exchange of capital facility and engineering data in electronic format, although in different manners. Harmonization will require alignment of data dictionaries and a mapping of the HI EDE dataset into existing and new entity combinations within the ISO 15926 Reference Data Library (RDL). Completion date: third quarter, 2012.

Structural Steel Interoperability for the Building and Process Plant Industries — will review the American Institute of Steel Construction (AISC) Structural Steel Information Delivery Manual, which defines engineering, design, fabrication, and erection processes for the AEC/building community, and further develop it by defining critical data exchanges in the process plant industry. Other objectives include recommending business use cases to implement the AISC manual, and defining work for delivering industry guidelines for structural steel interoperability. Completion date: third quarter, 2012.

Details on these new projects as well as the 17 continuing projects can be seen at http://fiatech.org/projects/active-projects. For more information, or to get involved in any of these projects, contact the respective Fiatech staff project manager found on each of the project web pages.