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PKN Orlen Awards Data Analytics and Modeling Contract to NuTech Solutions
NuTech Solutions to Model Consumer Behavior for Largest Manufacturer and Distributor of Fuels in Poland
CHARLOTTE, N.C. -- May 19, 2003 -- NuTech Solutions, Inc., a leading provider of advanced predictive analytics and profit optimization software
products for Global 1000 companies, announced today that its Polish subsidiary, NuTech Solutions Poland, Sp. Z.o.o., has been awarded a data
analytics and modeling contract from PKN Orlen S.A.
Established in 1999, in a merger between two conglomerates, PKN Orlen is currently the largest manufacturer and distributor of fuels in
Poland. PKN Orlen also issues its own credit card and because of this needs to process tens of millions of transactions per year for its
customers. Using this transactional data, PKN Orlen seeks to increase its knowledge on the effectiveness of their promotional campaigns.
NuTech Solutions will use its proprietary data mining tools to analyze these transactions and to build a comprehensive model of the behavior
of PKN Orlen customers. The consumer models developed by NuTech Solutions will then be linked with PKN Orlen's internal databases. The first
release of the consumer models for PKN Orlen's operation is scheduled for December 2003.
"We are pleased to add one of the largest crude oil corporations in Central Europe as a client of NuTech Solutions," said Matthew
Michalewicz, CEO, NuTech Solutions. "Given our strength and track record in analytical, modeling and optimization solutions for clients
such as ChevronTexaco and Ford Motor Company, we look forward to working with PKN Orlen on this project."
About PKN Orlen, S.A.
PKN Orlen's integrated refinery and petrochemical complex in Plock is regarded one of the ten most modern and most efficient facilities
of such kind in Europe. The activities of PKN Orlen include crude oil processing into a wide range of such products as unleaded gasolines,
diesel oil, furnace oil, aviation fuel, plastics and petrochemicals. PKN Orlen owns or controls through franchising contracts the largest
network of gas stations in Poland, which includes nearly 2,000 gas stations with the logo of PKN Orlen, CPN and Petrochemia Plock S.A. PKN
Orlen, together with Orlen Capital Group -- which covers 203 commercial corporations, is one of the largest crude-oil corporations in
Central Europe.
About NuTech Solutions, Inc.
NuTech Solutions, Inc. provides predictive analytics and profit optimization software products for Global 1000 companies in the financial services,
manufacturing and retail industries as well as for government organizations. Based in Charlotte, N.C. and with offices around the world,
NuTech Solutions' products produce measurable increases in financial performance for its users. The company's client roster includes General
Motors, Ford Motor Company, Bank of America, Siemens, BB&T, ChevronTexaco, BMW, Beiersdorf, U.S. Department of Defense, Honda, Air Liquide,
Southwest Airlines, Proctor and Gamble, Boeing, Dupont, Safeway, Corning, Polish National Air Force, FujiTec, and Unilever. For more
information about NuTech Solutions, 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:
Stuart Smith
Founder & Managing Director
Red Nine PR
404.261.0707
ssmith@redninePR.com
www.redninePR.com
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