DALLAS – Jacobs Engineering Group Inc. (NYSE:JEC) has expanded its systems integrator agreement with leading technology company Cisco, to include Canada. The expansion enables Jacobs to utilize Cisco technology and services to deliver its integrated connectivity solutions to support operations and cost optimization in oil and gas, mining and chemical facilities. The agreement will also enhance Jacobs’ industrial cybersecurity offerings for clients in Canada. Recent estimates indicate that the value of this market is poised to exceed $20 billion annually by 2025.
As a result of this agreement, Jacobs will enhance its integrated project solutions which combine Cisco technology with both Jacobs Connected Enterprise (JCE), its digital transformation solution, and Jacobs Process Risk Optimization (JPRO), its process safety solution.
“This agreement enhances our ability to deliver fully integrated solutions of our growing connected framework to our clients in Canada,” Jacobs President Petroleum and Chemicals Gary Mandel. “By integrating Cisco technology with both our connected enterprise and process risk optimization frameworks, we are increasing the value we can deliver in sustaining services, program support and capital projects. Jacobs and Cisco clients in Canada will now have access to these integrated solutions.”
JCE is a mature framework of capabilities and solutions that enable digital transformation. It provides clients the capability to connect, protect and analyze operational systems and data. JCE spans several core functional categories, including the Industrial Internet of Things (IIoT), information technology (IT) and network infrastructure, cloud solutions, data analytics and cyber security.
Jacobs Process Risk Optimization (JPRO) is a holistic approach to process safety which helps increase reliability and plant up-time. JPRO utilizes a multiple step process to categorize process safety information for a specific site, apply formal hazard analysis philosophies, and determine the most efficient risk mitigation approach in order to reach the optimal solution. The ability to assess the risk and determine the best solution is enhanced by data from technology deployed in the facility. Wired instrumentation can be very costly so using more cost effective wireless solutions would save both time and money.
Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional, and construction services for industrial, commercial, and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com.
Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our Form 10-K for the year ended September 30, 2016, and in particular the discussions contained under Items 1 – Business, 1A – Risk Factors, 3 – Legal Proceedings, and 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
