Category: July 06 2011- APT Officers Change Operating Roles

APT Officers Change Operating Roles

Current CEO and company founder will concentrate efforts on product development. CFO will assume CEO role.

Asset Performance Technologies, Inc. (APT) announced today that its Board of Directors has appointed Mark S. Benak, formerly CFO, to the position of CEO to lead the next phase of the company’s growth. According to Mr. Benak, “I am very excited to be working with the team at APT to provide cost-effective solutions for improving the maintenance and reliability of equipment in asset-intensive industries. I appreciate the trust and confidence our Board has placed in me to execute APT’s business strategy. We will continue to promote new partnerships and sales channels for APT’s Asset Strategy LIbrary (ASL) and PRO-M optimization software.”

APT further announced that one of its founders and former CEO, David Worledge PhD, will assume the role of Chief Scientist in order to concentrate his efforts on product development. According to Dr. Worledge, “based on requests from our customers and partners, we are concentrating our efforts to incorporate continuous monitoring and Weibull analysis to PRO-M’s cost optimization algorithms – not to mention improving our approach toward analyzing aging plants. We are also rapidly adding new equipment types to the ASL and are planning to migrate the library and software to a hosted and more scalable platform.”

About Asset Performance Technologies
Asset Performance Technologies, Inc. (APT) produces the revolutionary PRO-M maintenance solution that combines unique optimization software with the APT Asset Strategy Library (ASL), the world’s largest library of asset strategies for industrial equipment, to rapidly optimize any PM program. PM Template Reports from the ASL are also available at PRO-M and the ASL set the standard for PM Optimization by dynamically adjusting to changing business conditions, plant requirements, and market economics.  They can be used either as standalone solutions or to support corporate PM improvement efforts.

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