The Company’s flagship products, the Asset Strategy Library (ASL) and PRO-M optimization software, were originally developed by APT co-founders Dr. David Worledge and Glenn Hinchcliffe for the Electric Power Research Institute (EPRI) in response to a critical dearth of condition and environment-specific preventive maintenance information for high-end industrial equipment. The products grew out of frustration by RCM practitioners at the lack of a readily available source for such data. The first iteration was as a set of industry publications covering the preventive maintenance of thirty-nine (39) core industrial components used by the nuclear power industry. These publications were so popular that they led directly to the creation of the PRO-M software and Asset Strategy Library, first released and installed in early 2000. Since that time, the products have been through multiple revisions and are currently in use at over 80 sites in two countries by over 30 different corporations in the power industry. APT has the exclusive rights to expand the products within the power industry and to other industry verticals.
Dr. David Worledge, President, CEO and co-founder of APT, originally proposed the idea for the gathering and publishing of preventive maintenance information to EPRI’s Steering Committee in 1995. In the course of creating the publications, David conceived the idea of using mathematical models to give more flexibility and depth to the information in the publications. He received funding to build the first version of the PRO-M software product in 1998. The project has been continually funded by EPRI each year since 1996 before being licensed to APT for commercialization in 2004.
In building the products for electric power facilities, David and Glenn, through their extensive experience in other market verticals, immediately saw PRO-M’s and the ASL’s applicability to any capital-intensive industry. Since that time, they have ensured that the modeling algorithms, data gathering protocols, and core industrial components in the system are those that were widely applicable outside of the electric power industry. Together, they have over 60 years of combined experience in plant maintenance and operations, helping to facilitate this choice of data and its strategic uses in the ASL and PRO-M products.
Over 30 EPRI member companies have actively participated in the development of the ASL and PRO-M products, and all have implemented and are using versions of the product today. Today, the Asset Strategy Library ASL) and PRO-M software product are beginning to be deployed with great success into the Fossil, Hydro-electric, and Transmission & Distribution verticals within the EPRI membership as well as in the Oil & Gas and Aerospace Testing industries.