Growth And Decline Trends For Small Business

Small business growth and decline tends to persist and is not easily reversed, according to a study released today by the Office of Advocacy of the U.S. Small Business Administration. The authors will discuss the report during an economic roundtable before The Center for Economic Studies of the U.S. Census Bureau. Drs. Rich Perline, Robert Axtell, and Daniel Teitelbaum of NuTech Solutions wrote Volatility and Asymmetry of Small Firm Growth Rates Over Increasing Time Frames with funding from the Office of Advocacy. Perline and Axtell will present the report to The Center for Economic Studies. read more...


The Evolution of Future Wealth

Stuart M. Kauffman, professor of biocomplexity and informatics at the University of Calgary and external professor at the Santa Fe Institute, as well as a Director of NuTech Solutions, and founder of the Bios Group, which was acquired by NuTech Solutions in 2003, has authored an article in Scientific American called, "The Evolution of Future Wealth." In the article he discusses how technologies evolve much as species do, and that underappreciated fact is the key to growth. Accoring to Professor Kauffman, the path to maximum prosperity will depend on finding ways to build economic systems in which new niches will generate spontaneously and abundantly. Learning to apply lessons from biology to technology will usher in a remarkable era of innovation and growth. read more...


NuTech Solutions to Present at Geospatial Technology Demonstration

NuTech Solutions, a leader in the commercialization of advanced software for modeling and prediction, will co-present the results of government-funded research on November 1st in Blacksburg, Virginia. The research project integrates NuTech’s Geospatial Agent-Based Reasoning (GeoABR) software with Virginia Tech’s ultra high resolution analytical workstation displays. The demonstration of these scientific programs will highlight the capabilities of the two leading edge solutions, as they are transitioned to a developmental stage for application in future geospatial analytical systems used by US government agencies. read more...


NuTech Solutions Expands Data Mining Presence in U.S.

NuTech Solutions, a leader in the commercialization of advanced software for prediction and optimization, today announced that Noelle Jennings has joined the company as Director of U.S. Data Mining. As Director of U.S. Data Mining at NuTech, Noelle Jennings will lead the domestic data mining division in deployment of Intelligent Business Engines™ for Data Mining. Her team will provide customized data assessment and analytics services to the U.S. market. read more...


NuTech Solutions Board of Directors Names Bud Whitmeyer Chief Executive Officer

The NuTech Solutions Board of Directors has named Bud Whitmeyer NuTech Solutions’ Chief Executive Officer. He succeeds Tom Wilson, who has been named NuTech’s Chairman of the Board. Mr. Whitmeyer currently serves as NuTech Solutions’ Chief Operating Officer and as a director of the company. He has been responsible for all aspects of the NuTech delivery organization, including product management and client services. read more...
Read the article in The Charlotte Business Journal...


The personal touch

NuTech Solutions is helping grocers assess customer behavior through its Intelligent Business Engines for Data Mining software. The engine uses data mining to analyze customer behavior by scanning grocers' transaction data and the results of customer surveys. The software Engine performs market basket analysis and customer segmentation. Using this type of software to understand customer behavior as a result of current pricing, promotional and merchandising systems, retailers can modify marketing tactics and promotional campaigns to improve effectiveness, resulting in strong customer loyalty and increased sales.
Read the article in The Grocery Headquarters...


Solving multidisciplinary optimization problems in product engineering

While OEMs attempt to bring unique and highly-complex designs to market in a reduced time, NuTech Solutions' ClearVu Engineering solution permits companies to support a virtual design process that facilitates a faster, cost efficient development cycle. Its powerful nonlinear global optimizer - based on techniques known as evolutionary strategies - is able to provide quantifiable value for design engineers at various stages of the engineering process and in less time than the individual optimizer programs that manufacturers have used in the past. read more...


Automate history-matching forecasts

Today’s leading-edge engineering teams are using a new method of reservoir simulation history-matching and production forecasting developed by NuTech Solutions and Advanced Resources International. Reservoir simulation using the COMET3 reservoir simulator (for unconventional gas reservoirs) combined with the Intelligent Business Engine for Optimization™ is proving to be both more efficient and more accurate than the previous modeling techniques. This optimized history matching procedure using evolutionary strategies has been successfully applied to an enhanced coalbed methane (CBM) well case in Poland, and is also being used on multi-branch, horizontal CBM pinnate well case in China, and conventional (vertical) multi-seam CBM wells in Canada and the U.S. read more...


NuTech Solutions Senior Fellow to Lead University Distinguished Speaker Series

NuTech Solutions, a leader in the commercialization of advanced software for prediction and optimization, announced today that David Davis, Ph.D., a NuTech Senior Fellow, will kick off the Fall 2006 distinguished speaker series at the University of Houston’s Supply Chain Research Center (SCRC) on September 14th. In his talk entitled “New Approaches to Complex Business Problems,” Davis will give an overview of several new technologies, with examples of the ways that they have aided businesses in increasing profits and cutting costs. read more...


Optimized History Matching

For reservoir-production forecasting through enhanced understanding of complex-reservoir character and flow mechanics, NuTech Solutions and Advanced Resources Intl. collaborated to provide an inverse-modeling technique for estimating reservoir parameters, known as history matching. This optimized procedure was applied to an enhanced coalbed-methane (CBM) well in Poland, and it is being used on a multibranch horizontal CBM pinnate well in China.
Read the article in The Journal of Petroleum Technology...


NuTech Solutions and General Motors Extend Relationship

NuTech Solutions, a leader in the commercialization of advanced software for prediction and optimization, today announced that General Motors (GM) has renewed the license for NuTech Solutions’ ClearVu Remarketing software, supporting used vehicle distribution, through 2008. General Motors will continue to utilize ClearVu Remarketing, in place since 2002, to optimize distribution of over 500,000 used vehicles annually. read more...
Read the article in The Charlotte Business Journal...


Know Thy Customer

NuTech Solutions applies advanced technology to help companies understand the information they have and make informed decisions based on that data, said Tom Wilson, CEO of the Charlotte, NC-based company. Offerings include the mining of existing data to determine historical patterns and helping gather customer preference information that could bring new products or product formulations. Where data is hard to collect or are behavior-based, NuTech can extrapolate information based on small samples.
Read the article in The American Executive...


Corporate Philanthropy: Planting Seeds of Hope

Kevin Kostuik, NuTech vice president of industry solutions, looks forward to learning about the best ways to support giving through SEED.
Because of the press of business, it's difficult for small companies to start initiatives, especially for charity, Kostuik says. "Our goal is not to make just a small contribution, but to get people involved in a consistent way," he says. "This is a great way to start. I, personally, and our company view this as an opportunity to establish a tradition, not just in philanthropy but in the sweat-equity side of things."
Read the article in The Charlotte Business Journal...


NuTech Solutions Assembles World-renowned Optimization Experts in Spin-off, VGO Associates

NuTech Solutions, a leader in the commercialization of advanced software for prediction and optimization, today announced the creation of a spin-off to advise clients in strategic planning and deployment preparation for optimization solutions. The new company will be called VGO Associates. read more...
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