SOURCE: NuTech Solutions, Inc.

May 04, 2006 09:44 ET

NuTech Solutions and General Motors Extend Relationship

GM Relies on ClearVu Remarketing for Used Vehicle Distribution

CHARLOTTE, NC and DETROIT, MI -- (MARKET WIRE) -- May 4, 2006 -- 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. NuTech Solutions' ClearVu Remarketing uniquely incorporates market intelligence, such as pricing models, holding costs, inventory constraints, floor prices, transportation costs, secondary market locations, and supply and demand curves, into its capability to determine the optimal distribution of vehicles across a multitude of auction locations. As a result, GM is able to make more efficient vehicle logistics decisions, which drive improved operating results.

"GM Remarketing relies on the daily distribution recommendations from ClearVu Remarketing to implement the most cost-effective logistics for our used vehicles," said Jeff Heichel, Director, GM Used Vehicle Activities. "Our license renewal with NuTech Solutions will enable us to continue delivering vehicles in an extremely dynamic environment quickly and effectively."

Tom Wilson, CEO of NuTech Solutions, noted, "We are very pleased to extend this key relationship with GM. As a result of our ongoing partnership, NuTech Solutions' ClearVu Remarketing product is recognized as an industry-leading standard. We are proud of the fact that our optimization solution is recognized as delivering value to this important client, and we look forward to continuing to extend its functionality for GM and our other clients."

About NuTech Solutions

NuTech Solutions, Inc. delivers innovative solutions, powered by Intelligent Business Engines™ that forecast, optimize and learn -- delivering insight and measurable results to Global 1000 companies. Our solutions are designed to solve complex problems in a variety of industries, including automotive, consumer goods, petroleum, financial services and national security.

Based in Charlotte, N.C. and with offices around the world, NuTech Solutions' client roster includes Air Liquide, PKN Orlen, BMW, Occidental Petroleum, Beiersdorf, Ford Motor Company, Géant, Chevron and many U.S. Government Departments and Agencies. For more information call (704) 943-5400 or visit www.nutechsolutions.com.

Forward-looking (safe harbor) statement

Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

Contact Information

  • For further information please contact:

    Jennifer Koures
    Director of Marketing
    NuTech Solutions, Inc.
    704-943-5407
    Email Contact