January 24, 2008
SBS DiscoverySM Earns Environmental Business Journal Achievement Award
RESEARCH TRIANGLE PARK, N.C. -- RTI International's SBS DiscoverySM, an innovative software application for evaluation of idle and surplus property portfolios, has been awarded a 2007 Business Achievement Award from the Environmental Business Journal.
SBS Discovery earned the recognition in the information technology category, which was judged by a committee of Environmental Business Journal staff and editorial advisory board members.
Representatives from RTI will receive the 2007 Environmental Business Journal Business Achievement Award during a ceremony and awards banquet at that journal's Environmental Industry Summit in Coronado, Calif., Feb. 20, 2008.
The SBS Discovery software application and associated work processes are designed to help public and private corporations better manage their real estate portfolios, optimize holdings, and develop divestiture strategies for surplus properties, including environmentally stressed properties, or "brownfields."
"As a result of a number of obstacles, many companies today face significant challenges in assessing and managing their idle or surplus properties," said Tony Marimpietri, senior director and technical lead for SBS Discovery at RTI. "SBS Discovery's financial and environmental analysis algorithms empower these corporations to take a proactive approach toward the management of their real estate holdings, including surplus properties that are environmentally impaired."
The software uses complex models to assess the potential value of impaired property holdings relative to their remediation costs and other business factors. The program's integrated data analysis and reporting engine includes geographic information system tools, such as interactive maps that allow users to view all properties in a portfolio and obtain relevant site data.