Alderon Iron Ore Collaborates on Aconex to Increase Productivity

Published:

SAN BRUNO, CA -- (Marketwire) -- 12/05/12 -- Aconex, provider of the world's most widely used online project collaboration solutions for the mining, construction, infrastructure, power, and oil and gas industries, today announced its selection by Alderon Iron Ore Corp. for the Kamistiatusset (Kami) Iron Ore Project in western Labrador. Alderon, a leading iron ore development company in Canada, chose the Aconex platform to manage the huge volume of documents shared among the geographically dispersed organizations involved in the multiparty project.

"Alderon's Kami project is expected to bring substantial, long-term economic benefits to the region, and Aconex is helping us keep our project on track to deliver those benefits," said Bernard Potvin, executive vice president, project delivery at Alderon. "It's crucial that all of our global teams, from China to St. John's, have real-time access to current documentation around the clock. The resulting increase in productivity -- for administration, information management, and personnel tracking and reporting -- has shortened document turnaround time among team members, directly improving our bottom line."

Prior to Aconex, Alderon had not deployed a third-party collaboration solution to manage the hundreds of thousands of documents involved in Kami, with 150-plus document types ranging from AutoCad drawings and 3D models to contracts and procurement materials. Previously, correspondence and collaboration among participating companies had occurred on email, various internal servers and additional channels.

By deploying the Aconex solution, Alderon is able to operate more efficiently in managing correspondence, documents and workflows. An important benefit for Alderon was ease of deployment and local support, which enabled the project team to become fully operational on the Aconex platform in a matter of weeks from the day of implementation.

"In the age of Big Data and multiparty collaboration, there's an increasingly massive amount of information being created, and companies are forced to deal with the deluge or be left behind," said Leigh Jasper, CEO of Aconex. "We've witnessed first-hand how our clients have overcome that challenge to streamline their processes and realize major cost savings and productivity gains -- and ultimately improved profitability."

About Aconex Aconex provides the world's most widely used Software-as-a-Service (SaaS) platform for managing information, processes and people throughout the life cycle of construction and engineering projects across multiple industries. The Aconex suite of solutions -- secure, neutral and centralized -- enables project managers to reduce the cost and risk inherent in capital projects of all sizes and improve efficiency, productivity and accountability for all project participants. Aconex has served projects valued at more than US$600 billion, with over 280,000 users. Customers include many of the world's largest mining companies, nine of the world's top ten engineering procurement and construction (EPC) firms, 23 of the 25 leading global design firms, and nearly all Fortune 500 construction and engineering firms. For more information and examples of Aconex in action, see www.aconex.com. Follow Aconex on Twitter at @aconex and on LinkedIn at www.linkedin.com/company/aconex.

Aconex Contact: Tod Bottari Communications Director (650) 731-3309 tbottari@aconex.com