1999 Press Releases-05
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Tokyo, Japan -
October 4, 1999 Yokogawa Announces Customer-Focused Alliance for Fieldbus-Integrated Solutions With Dresser Equipment Group Yokogawa Electric Corporation (Tokyo: Yokogawa) and the Dresser Equipment Group, Inc. (DEG), a Halliburton Company (NYSE: HAL), are entering into a customer-focused alliance to develop and market FOUNDATIONTM fieldbus products, integrated systems and management tools to improve process availability. In a joint statement issued today, the companies announced that the alliance will focus on providing process industry customers with reduced enterprise-wide costs, compressed project schedules, and minimized technology implementation risks. The two companies will cooperate immediately on both technology and systems integration of a new FOUNDATION fieldbus compliant positioner. Key customer benefits will include cost reductions resulting from fully integrated sensor-to-boardroom solutions, advanced technologies, technical applications experience, enterprise wide control and communication, and one-stop shopping. Risks associated with fieldbus implementation will be significantly reduced based upon the combined expertise of the alliance partners, an integrated global support infrastructure, proven reliability, and improved business efficiencies from project concept to revenue. The alliance will establish a focused team of professionals who will take on single source responsibility to coordinate a "basket" approach on purchasing agreements and projects. The execution and coordination of the project will allow customers to spend their time on other key issues. In addition to the alliance announcement a fieldbus demonstration, including a fieldbus positioner in use with a Dresser control valve, will be demonstrated at the ISA show, Philadelphia, USA from Oct.4, at the Interkama show, Dusseldorf, Germany from Oct.18 and at the JEMIMA show, Tokyo, Japan from Oct.18. DEG, with 1998 revenues of $2.8 billion, is a global leader in equipment and services for all phases of the energy industry. Products include compressors, pumps, valves, instruments, engines, fuel dispensers, and gas meters. Halliburton Company, with combined revenues of $17 billion in 1998, is one of the world's largest energy services, engineering, construction, maintenance and energy equipment companies. For more information about Halliburton, DEG, or DVD visit our web pages at www.halliburton.com. About Yokogawa Yokogawa's global network of 19 manufacturing facilities and 89 companies spans 32 countries. Since its founding in 1915, the US$4 billion company has been engaged in cutting-edge research and innovation, securing more than 7,500 patents and registrations, including the world's first digital sensors for flow and pressure measurement. Industrial automation and control, test and measurement, information systems and industry support are the core businesses of Yokogawa. For more information about Yokogawa, please visit our web site at www.yokogawa.com.
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