Japan Energy Corp. to Deploy Strategic Asset Management Solution

Japanese energy conglomerate chooses software for maintenance system at major oil refinery

Bedford, MA — March 10, 2004 — The Japan Energy Corp., based in Tokyo, has begun to deploy the MRO Software's asset management solution, MAXIMO, at the Mizushima Oil Refinery located in southwestern Japan.

The implementation began in February and is scheduled for completion at year's end. This agreement was signed in the Japan Energy's first fiscal quarter ended December 31, 2003.

The Mizushima Oil Refinery's implementation of MAXIMO is part of an initiative launched in 2003 to streamline and upgrade the company's maintenance system. MRO Software's solution was chosen based on its history of success in the oil industry, its ability to be standardized using key performance indicators (KPIs) and its compatibility with a highly advanced network system.

Chiyoda Advanced Solutions, an MRO Software partner in Japan, said it would implement the solution. Chiyoda was chosen for its experience implementing MAXIMO, as well as for its experience within the oil industry.

Following completion of the implementation at the Mizushima refinery, Japan Energy said it plans to deploy MAXIMO at its Chita Oil Refinery in central Japan, and at Kagoshima Oil, a Japan Energy subsidiary located on the island of Kagoshima in southern Japan.

Japan Energy Corp. is a major producer of petroleum products, non-ferrous materials and electronic materials with 2003 revenues in excess of JPY 2 trillion.