EPRI Acquires Sargent & Lundy's Interest in SOAPP
Acquisition will lead to greater synergies
Palo Alto, Calif., -- June 16, 1999 - EPRI, the science and technology development organization for the power industry, announced today that it has acquired Sargent & Lundy's interest in SOAPP, LLC, the developer of the award-winning SOAPP® software product line. SOAPP was founded in June 1994 as SEPRIL Services, LLC, with ownership split equally between EPRI and Sargent & Lundy. Concurrently with the acquisition, SEPRIL's name is being changed to SOAPP, LLC (State-of-the-Art Power Products).
SOAPP will continue to aggressively develop, distribute, and support the SOAPP family of software products. The SOAPP products have proven to be valuable tools for selecting, designing, and budgeting power generation technology. This acquisition will allow greater synergies between the SOAPP products and EPRI's current and future power generation development program.
For further information about SOAPP, visit their website at: www.soapp.com.
EPRI, established in 1973 and headquartered in Palo Alto, California, manages science and technology for the energy and energy services industry worldwide.
Sargent & Lundy is a global leader in professional services for the electric power industry. For more than 100 years, Sargent & Lundy's comprehensive capabilities have provided domestic and international clients and partners with a single source of expertise.
# # #
Jackie Turner, EPRI, (650) 855-2272
Pat Andersen, Sargent & Lundy, (312) 269-3513
Young Lee, SOAPP, LLC, (312) 845-2270