NuTech Solutions 2005 News
12/5/2005NuTech Solutions, a leader in the commercialization of advanced software for data mining and modeling, today announced their work with Géant Polska Sp. z o. o. to help Géant improve marketing and promotional effectiveness. Using software from NuTech Solutions, Géant plans to identify consumer behavior dependencies and shopping patterns across all hypermarket locations. read more...
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10/26/2005NuTech Solutions and MJF Strategies will develop an air transportation demand model for the Joint Program Development Office (JPDO) of the FAA and NASA. The DOT plans to revolutionize the nation’s air transportation management system to enable the 2-3-times growth in demand expected over the next 20 years. NuTech provides expertise in a unique agent-based modeling capability that will enable the FAA to identify and understand multidimensional interactions and patterns in air transportation. read more...
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10/10/2005Merrick Systems, a software innovator known for its upstream oil- and gas-production products, has formed an alliance with two other industry leaders: NuTech Solutions, a scientific-software company specializing in optimization solutions; and Advanced Resources International, a consultancy recognized for its expertise in non-conventional gas and enhanced-oil-recovery technologies. The alliance will be formally known as the Intelligent Production-Optimization Alliance. read more...
10/5/2005The Office of Advocacy of the US Small Business Administration has awarded NuTech Solutions a research contract to study small firms' contributions to the economy. The project will further Advocacy's core mission of understanding the role small business plays in economic growth and development. read more...
September 2005 – Manufacturing Computer SolutionsSophisticated modelling and simulation systems are increasingly being used to improve performance across a wider range of mainstream manufacturing. Leading advanced CAE firm NuTech Solutions, for example, reports that its technologies are now working across the automotive, CPG (consumer packaged goods) and oil and gas sectors – and providing paybacks that oustrip costs 10 to 20 times. read more...
9/23/2005NuTech Solutions, known for business process optimization, highlighted their corporate focus on natural “science for business” September 22nd. As a corporate sponsor of the US National Whitewater Center (www.usnwc.org), NuTech hosted a reception showcasing plans for the USNWC’s premier outdoor recreation and environmental learning center near Charlotte read more...
7/22/2005NuTech Solutions, a leader in the commercialization of evolutionary computation software, accentuated a prominent presence at GECCO 2005 by presenting recent Engineering Design Optimization successes at a major German auto manufacturer. Dr. Baeck’s presentation topic, “Evolutionary Strategies for Engineering Design Optimization” emphasized key benefits recognized using NuTech Solutions’ ClearVu Engineering solution to solve multidisciplinary optimization problems in car safety applications. read more...
June 2005 - Supply NetworkThe accuracy of demand forecasting in FMCG supply chains could be improved by 5% to 15% using methods and technologies that exist today, according to Thomas Bäck, Vice President of NuTech Solutions and an expert in predictive analytics. Excellent forecasts can also be made in areas that are often considered un-forecastable, he says. "It's not an academic process. The results are guaranteed to be better than what exists today." read more...
June 2005 - Journal of Petroleum TechnologyThe paper details a project that applied a new technology, genetic algorithms, to the problem of scheduling oil production by cyclic steaming at an oil field in the San Joaquin Valley. The paper focuses on three themes: the successful solution of a production problem with new technology; the impact of that technology on oilfield personnel; and the potential of that technology to support other types of projects. read more...
5/9/2005NuTech Solutions, a leader in the commercialization of advanced predictive analytics, has helped improve service planning efficiency for one of the largest railroad networks in North America, operated by BNSF Railway Company (BNSF).
BNSF’s Design Managers required service planning functionality with speed and flexibility not found in legacy applications. Partnering with NuTech Solutions to build a system based on one of NuTech’s Intelligent Business EnginesTM for Simulation delivered the desired results – fast run-times, what-if scenarios and detailed diagnostics that radically shorten BNSF’s design cycle. read more...
5/9/2005 - InformationWeekPrice optimization is moving up the priority list at many IT organizations, especially in business-to-business markets.
Steelcase worked with a custom-software developer, NuTech Solutions Inc., to cleanse its data and build more-disciplined collection techniques. NuTech also built a customized analysis engine capable of exploring historical sales, extracted from SAP data into a database, to test key pricing questions. read more...
4/8/2005NuTech Solutions, a leader in the commercialization of evolutionary computation software for advanced predictive analytics, announced it has closed on over $1.5 million in investments through a Private Placement of stock that will be completed in April 2005. The new group of investors includes Charlotte Angel Partners, Charleston Angel Partners, Columbia Angel Partners and First Rye. read more...
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3/18/2005 - Charlotte Business JournalNuTech Solutions Inc. is one of Charlotte's most sophisticated technology companies. Its 80-employee staff includes more than 30 Ph.D. scientists who help large multinational companies solve complex problems. Tom Wilson arrived at NuTech in April, ...[coming] to a company whose fortunes had reversed during the tech sector slump. He recently spoke with the Charlotte Business Journal about the company's outlook. read more...
2/24/2005Faced with constantly changing market requirements, Beiersdorf needed a creative way to discover new product formulations, while at the same time decreasing product development time. Beiersdorf engaged NuTech Solutions to apply their data mining and optimization tools, known as the ClearVu Formulations engine, to these challenges in new product development. read more...
1/27/2005NuTech Solutions, specializing in advanced predictive analytics for the petroleum industry, has formed a strategic alliance with Advanced Resources International (ARI) to mutually increase the breadth of solutions offered to the upstream oil and gas industry.
Advanced Resources’ team, which provides oil and gas consulting services for geology, geophysics, petroleum engineering, and strategic planning, will now recommend NuTech’s solutions for their clients with reservoir simulation and operational optimization requirements. read more...
1/25/2005NuTech announces new team members who will support the company’s strategic industry focus.
The company solves difficult business problems and creates competitive advantage for a variety of commercial organizations and governmental agencies. As a result of continued growth, the company is adding emphasis on providing solutions for unique and complex business problems in five specific industries: Automotive, Petroleum, Consumer Products, Financial Services and National Security. read more...
1/7/2005The distribution of business growth rates is different from that previously assumed by economists. This is the central finding of a new paper released today by the Office of Advocacy of the SBA before the American Social Sciences Association in Philadelphia. read more...
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