Ivara Announces Interface to Modulars MineCare(R) System

Ivara Announces Interface to Modulars MineCare(R) System

Monday, August 11th 2008

Ivara Corporation, the industry leader and innovator in asset performance management solutions, today announced an interface between Ivara’s EXP Enterprise™ asset performance management software and Modular’s MineCare® mobile fleet monitoring solution through Ivara’s Online Data Collection (ODC) interface technology. Modular Systems Inc. is a world leader in mine management technology. The integrated offering enables mining organizations to implement and sustain proactive maintenance practices and optimize the performance of mobile mining equipment.

Ivara EXP Enterprise asset performance management software provides a cohesive and integrated platform to develop, implement and manage a living equipment reliability program. MineCare is designed to reduce mobile equipment lifecycle costs through the real-time management of equipment health and maintenance processes. Together, the new integrated offering enables users to automate the collection of mobile operational and condition equipment data and drive proactive equipment care in real time. EXP consolidates all asset condition data and helps users to accurately and consistently diagnose abnormal conditions as well as detect the early signs of equipment failure.

“The analysis from EXP complements the real-time monitoring and troubleshooting tools that the MineCare® system offers,” says Sagar Ramesh Chandra, vice president, Marketing, Modular. “With a consolidated view, users can now optimize asset management by focusing on data that should be monitored to positively impact fleet availability and performance.”

“With fluctuating commodity prices and a competitive global market, one minute of downtime can translate into costly production losses,” says Gerry Bleau, CEO, Ivara Corporation. “We are pleased to deliver an innovative solution that helps mining organizations seamlessly collect, analyze and act on their volumes of mobile equipment condition data – in real time. This will dramatically improve mine performance, competitiveness and drive operational excellence.”

About Ivara:

Ivara is the leader in asset performance management software, Ivara EXP Enterprise, and services including Ivara RCM2™, the leading reliability strategy development methodology. RCM2 is delivered exclusively by The Aladon Network, Ivara’s global network of reliability experts. Ivara EXP prevents industrial equipment failure, increases production and lowers costs for better business performance. EXP transforms data into real-time intelligence and helps plant and operations management make fast and accurate business decisions. Customers worldwide, representing a cross section of asset intensive industries, realize the benefits of EXP every day. For more information visit www.ivara.com.

About Modular Inc.:

Modular, headquartered in Tucson, Arizona, is the market share leader in providing powerful information management solutions to meet the needs of both open pit and underground mining operations worldwide. The company’s products range from fully automated, total mine management and control systems using the latest high-precision global positioning systems for surface applications, to proven mining cycle control, monitoring, and identification systems for underground mines. Modular has sales and support offices located in all key world-mining markets. For more information on Modular, or the MineCare® real-time maintenance system, visit the Modular website at http://www.modularmining.com.

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