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Mining and Energy

  

NEWS RELEASE

For immediate release – March 10, 2008

 

INCOM RISK MANAGEMENT SOFTWARE MEETS THE
NEEDS OF GLOBAL MINING
AND ENERGY COMPANIES


Incom® reports a recent upsurge in the purchase of risk management software systems by the booming mining and energy sector. 

Incom CEO David Watson said today “There is convergence of huge growth and profitability in these sectors, with major increases in the value-at-risk due to risks involving critical third party rail and port infrastructure, natural hazards, stock exchange compliance, reputation, workplace safety and the environment.”

In the last few months Incom has supplied systems to Ok Tedi Mining (Papua New Guinea), Eesti Energia Power (Estonia), Monash Energy and ERM Power (Australia).  Gerdau Açominas (Brasil) has been using the software for nearly two years. 

Earlier energy customers include ROC Oil, KIC Oil, ARC Energy, Reliance Petroleum, Alberta Electric and the US National Institute for Occupational Safety and Health (coal mining division).  

 “Incom systems are either deployed enterprise-wide or for specific projects.  Some customers start small with a pilot system, and then purchase extra user licences and functional options later.  There is no need to re-install any software as it is all controlled by the licence key.

“Importantly we can meet companies’ needs globally: - the software is easily translated into any language, and is easily learned, even where people have limited knowledge of risk management or little local training support.  Incom customers say the software is very easy to use,” Mr. Watson said.

Incom’s Risk Register and Incident Register can stand alone or be fully integrated under Incom’s Enterprise Guardian™ because all products use the same Microsoft .NET Framework and Microsoft SQL Server database.  Collectively, the Incom tools provide a powerful system for optimal business management.

Mr. Watson continued, “Many organisations are still trying to manage risks with spreadsheets and in doing so don’t have a good appreciation of their risk exposure – they may be piling up reputation risk, financial risk, legal risk and more.”

Incom has helped over 120 customers move from spreadsheet risk management to database driven risk management in the shortest time and lowest cost by providing powerful tools that are simple to install, configure, train and use.

“Risk management software is now as easy to use as accounting software, and is as essential,” Mr. Watson concluded.