Marchwood Power Signs Contract with Lawson Software
Marchwood Power Ltd selects Lawson QuickStep Enterprise Asset Management to support its business operations
LONDON, Date, February 19, 2008 – Lawson Software (Nasdaq: LWSN) today announced that Marchwood Power Limited has signed a contract to implement Lawson QuickStep Enterprise Asset Management, a pre-configured enterprise software package. Marchwood Power will use the Lawson solution to help support its 24/7 operation and maintenance strategy. The contract was signed during Lawson’s second quarter of fiscal 2008, which ended Nov. 30, 2007.
Marchwood Power Limited is constructing a new £400 million state-of-the-art power plant, which will supply enough electricity to serve approximately 800,000 homes. The new facility is expected to be fully operational by 2009 and will be one of the most efficient fossil fuel-driven electricity generators, providing greater energy efficiency with minimal impact on the environment. The power provider will implement Lawson QuickStep Enterprise Asset Management, including Maintenance Management, Finance Management, Procurement, Supply Chain Planning and Supply Chain Execution modules.
“Our industry operates on a 24/7 basis, 365 days a year, involving complex and expensive assets – so any downtime or outage creates an expensive situation which needs to be minimized through a good maintenance strategy,” said Tony McShane, plant manager for Marchwood Power. “Lawson QuickStep Enterprise Asset Management provides us with a single integrated solution that will help underpin this strategy to ensure operational efficiency.”
“There is a clear need for organisations to take a more strategic approach to asset management,” said Nick Scully, vice president of Sales Northwest EMEA for Lawson. “This requires solutions that can be implemented across the organization more rapidly, while being flexible in scalable to meet our customers’ needs. Lawson QuickStep Enterprise Asset Management helps address the need for preventative maintenance and can help minimize downtime. In addition the pre-configured processes within the solution help deliver a faster return on investment for the customer.”
The project will be completed in two phases with Finance and Procurement first with an expected go-live date of 2nd January 2008. The maintenance and logistics functions will follow with an expected go-live date of February 2008.
About Lawson Software
Lawson Software provides software and service solutions to 4,000 customers in manufacturing, distribution, maintenance and service sector industries across 40 countries. Lawson's solutions include Enterprise Performance Management, Supply Chain Management, Enterprise Resource Planning, Customer Relationship Management, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at www.lawson.com.
About Marchwood Power Limited
Marchwood Power Limited (MPL) is a joint venture between Ireland’s ESB International Investments UK Limited (ESBI) and SSE Generation Limited.
MPL is constructing a CCGT (Combined Cycle Gas Turbine) plant and gas pipeline, near Southampton, England. The construction will finish in 2009 and following this MPL will own, operate and maintain the the plant. www.marchwoodpower.com
Forward-Looking Statements
This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in Lawson's ability to realize synergies and revenue opportunities anticipated from the Intentia International acquisition; uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; uncertainty regarding potential future deterioration in the market for auction rate securities which could result in additional permanent impairment charges, global military conflicts; terrorist attacks; pandemics, and any future events in response to these developments; changes in conditions in the company's targeted industries and other risk factors listed in the company's most recent Quarterly Report on Form 10-Q and the most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. Lawson assumes no obligation to update any forward-looking information contained in this press release.
Lawson Software
Lut Verschueren
Europe Media
+ 32 (0)9 236 16 36
lut.verschueren@be.lawson.com
Natalie Chak
Firefly Communications
+ 44 (0) 20 7386 4849
Natalie.chak@fireflycomms.com
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