VANCOUVER, BC, March 7,
2024 /CNW/ - Copperleaf® Technologies Inc.
(TSX: CPLF) ("Copperleaf") announces the selection of its decision
analytics solution by the Metropolitan Transit Authority of
Harris County ("METRO"), a major
public transportation agency based in Houston, Texas.
METRO's Transit Asset Management (TAM) group was established in
2017 to comply with the Federal Transit Authority TAM Rule and
provide decision support to prioritize and justify capital
investment needs. As trends and requirements in the North American
transit asset management landscape have evolved to incorporate new
drivers of value, such as risk, resilience, and equity, legacy
tools are increasingly unable to meet the complex investment
prioritization needs of many medium to large transit providers.
In late 2023, METRO recognized that transitioning from a manual
Excel-based process to an Asset Investment Planning (AIP) solution
could improve its ability to create transparent, defensible capital
plans, address its State of Good Repair (SGR) backlog, and adapt
quickly to changing financial and operational conditions.
Copperleaf Portfolio™ will enable METRO to establish a
more consistent, data-driven process to assess and prioritize
investments in the SGR backlog by adopting best practices in
modeling, risk assessment, and project valuation. This will allow
METRO to evaluate all projects on a common scale, incorporate all
drivers of project value, develop risk mitigation scenarios, and
create high-value plans that consider funding and staffing resource
limitations. The Copperleaf solution will also give METRO the
ability to quickly adapt plans to changing business and financial
conditions and ensure investments are aligned with METRO's
long-term mission and strategy.
The Copperleaf implementation at METRO is scheduled to go from
kick-off to go-live in approximately three months, providing rapid
time-to-value for the organization.
"We're thrilled to play a part in helping METRO implement asset
management best practices and deliver on their mission of providing
clean, safe and reliable public transportation services," said
Phil Jones, Managing Director of
Copperleaf in the Americas. "We thank METRO for putting their trust
in us and are confident Copperleaf's value-based approach to
capital planning will enable METRO and other transit organizations
develop optimal plans that address the State of Good Repair backlog
and comply with the FTA's decision support requirements.
Forward-Looking
Statements
This press release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
information") within the meaning of applicable securities laws in
Canada, including, without
limitation, statements with respect to our expectations, plans or
future opportunities and all statements expressed in the future
tense. Forward-looking information is necessarily based on a number
of opinions, estimates and assumptions that we consider appropriate
and reasonable on the date such statements are made, but which are
subject to known and unknown risks, uncertainties, assumptions and
other factors that may cause actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information,
including, but not limited to, the risk factors described in our
2023 Annual Information Form ("AIF") under "Risk Factors".
Accordingly, readers should not place undue reliance on
forward-looking information.
Except as required by securities disclosure laws and regulations
applicable to the Company, the Company undertakes no obligation to
update this forward-looking information if the Company's
expectations regarding future events change, or actual results
differ from the expectations expressed in this press release,
except as required by law.
About Copperleaf
Copperleaf (TSX: CPLF) provides enterprise decision analytics
software solutions to companies managing critical infrastructure.
We leverage operational and financial data to empower our clients
to make investment decisions that deliver the highest business
value. What sets us apart is our industry-leading products and our
commitment to providing extraordinary experiences, shaped by people
who care deeply and partnerships that stand the test of time.
Copperleaf is actively involved in shaping and implementing global
industry standards and sustainability principles through our
participation in the United Nations Global Compact, the Institute
of Asset Management, and other organizations. Headquartered in
Vancouver, Canada, our solutions
are distributed and supported by regional staff and partners
worldwide. Together, we are transforming how the world sees
value.
Source: Copperleaf Technologies Inc.
CPLF-IR
SOURCE Copperleaf Technologies Inc.