Mitsubishi Chemical and OSIsoft Sign One of the First Enterprise Agreements in Japan

USA - English

• USA - English

SAN LEANDRO, Calif., Jan. 31, 2020 /PRNewswire-PRWeb/ -- Mitsubishi Chemical Corporation, a global chemicals leader, and OSIsoft LLC, a leader in operational intelligence, are proud to announce that they have signed an Enterprise Agreement (EA) to further accelerate Mitsubishi Chemical's digital transformation. This is the first Japanese chemical company to enter into OSIsoft's Enterprise Agreement.

The Enterprise Agreement with OSIsoft will support Mitsubishi's digital transformation initiative by enabling Mitsubishi to deploy OSIsoft's PI System broadly across its operations. The initial phase of this agreement will enable Mitsubishi Chemical to improve safety and optimize maintenance costs by leveraging real-time data for operational excellence and decision-making at selected plants. Ultimately, the goal is to use real-time data infrastructure to improve operations enterprise wide at many of Mitsubishi's existing plants as well as at its new facilities planned abroad.

"Mitsubishi Chemical cites acceleration of data utilization using a unified data platform and infrastructure, as well as a strong partnership with OSIsoft, as the key reasons for their decision," said Takayuki Aoyama, Senior Manager of Mitsubishi Chemicals DX Promotion Group, which is responsible for achieving continuous business transformation for operational excellence. "The value of the Enterprise Agreement is not only the unlimited use of licenses, but also the advanced support that accelerates training, development, utilization, and product development."

"We are excited about this new level of partnership with Mitsubishi Chemicals, a true global leader in sustainability and innovation," said Wolfgang Kuchen, Senior Vice President of Sales and Marketing at OSIsoft. "By joining Mitsubishi Chemical in their digital transformation, we are supporting their mission to create innovative solutions globally based on their core values of Sustainability, Health and Comfort."

The companies plan to work together to support the objectives of digital transformation.

Mitsubishi Chemical Corporation
The current Mitsubishi Chemical Corporation was formed on April 1, 2017 through a merger with Mitsubishi Plastics, Inc. and Mitsubishi Rayon Co., Ltd. As of March 2019, Mitsubishi Chemical Corporation and its 351 Group companies operate in business areas that include performance products and industrial materials. Mitsubishi Chemical Corporation is accelerating its growth by solving social and global issues. As issues such as climate change, water resource shortages, population growth and aging, and food and agriculture problems increasingly diversify, business domains in these related fields will collaborate to provide comprehensive solutions. For more information, please visit https://www.m-chemical.co.jp/en/.

About OSIsoft, LLC.
Founded in 1980, OSIsoft has consistently focused on a single goal: to develop software that transforms data streams from critical operations from sensors, devices and industrial processes into rich, real-time insights to help people save money, save lives, increase productivity and create connected products. Over 1,000 leading utilities, 80% of the world's largest oil and gas companies and 65% of the industrial companies in the Fortune 500 rely on OSIsoft's PI System and other OSIsoft technologies. Worldwide, over 2 billion sensor-based data streams are managed by the PI System.
For more, please visit http://www.osisoft.com.

Media Contact:
Lev Feigin (OSIsoft)
[email protected]
215.606.2004

SOURCE OSIsoft