ASDWire distribution date: Fri, 17 Aug 2007 09:45:00 GMT +0100

Clockwork Solutions Completes a Successful Conference Spring Tour

(Austin, TX.,August 17, 2007) --[ASDWire]-- In Mid April, Clockwork Solutions, Inc. (CSI) engaged again with industry leaders looking for avenues to establish and maintain processes and capabilities for managing PBL proposals and life cycle systems sustainment within their organizations. CSI kicked off a series of exhibits which started with the Aging Aircraft event in Palm Springs. Next, CSI partnered with experts from Headquarters U.S. Marine Corps and Bearing Point to present a comprehensive Total Life Cycle Management (TLCM-AT) workshop as a keynote offering at the IDGA’s PBL conference in Alexandria, VA. Clockwork Solutions' President Sean Connors lead the Master Class series titled “Effective PBL Management - Discussion and Case Study.” Mr. Connors and team were on hand to answer the many diverse questions of PBL management and implementation. “We enjoyed the opportunity to present our ideas and activities in life cycle systems sustainment and performance modeling. Proper PBL solutions should enable industry to acquire, maintain and analyze data, develop affordable and profitable sustainment alternatives, and ultimately execute contacts with little to no surprises along the way. Our goal was simply to help industry increase their awareness of enabling technologies in the market today, and to demonstrate the fact that success metrics can be established and achieved in and round life cycle modeling and analysis of key performance indicators throughout the life cycle of equipment operations. We appreciate the time spent with each person attending the session, and we believe that we were able to shed some light into the PBL environment.”

Moving on to the next event of the series Clockwork Solutions exhibited at the American Helicopter Society Forum in Virginia Beach, VA. Clockwork’s Director of Business Development Patrick Connally was on hand with team to engage with affiliates from the rotary aircraft industry. “Clockwork brings a unique, comprehensive and exceptionally powerful advanced predictive modeling & simulation technology to the sustainment arena in support of our warfighters. Considering that our technology is among the most powerful “mission simulations” available for risk mitigation and logistics decision-support and well suited for PBL scenarios, we firmly believe that forum-attendance is mission-critical and definitely a “win-win” for us and our target market.”, stated Pat Connally.

The Naval Aviation International Logistics Conference in Key West, FL was the final event of the series of Clockwork Solutions exhibits. Business Development Manager Roy Bryant and Project Manager Hugh Saint worked closely with the Latin American industries who are interested to learn how PBL initiatives can help them find solutions to logistic support of aging equipment. Roy Bryant commented that “These smaller fleets that are further out in the logistics chain stand to benefit even more from predictive modeling. It is critical that the right part is available at the right time to keep these platforms operational and to keep the financial resources invested in spares down.”

About Clockwork Solutions
Clockwork Solutions develops and markets advanced performance based modeling and simulation products and provides modeling support and consulting services. Clockwork is proud of the work it is doing across the defense services to improve supportability of systems through performance based modeling and forecasting. Clockwork Solutions’ proprietary modeling technology, SPAR™, uses unique Monte Carlo algorithms to build comprehensive, reliability-based predictive models of complex assets and their operational and logistical environments, such as a fleet of aircrafts, missile systems, a power plant and its distribution system, a group of chemical plants, etc. Clockwork Solutions’ customers include the US Army, the US Marine Corps, Lockheed Martin, Raytheon, Sikorsky Aircraft, EADS Astrium, the Israeli Defense Forces, GE, Chevron, ConocoPhilips, and many others. Clockwork Solutions, Inc. is headquartered in Austin, TX, with an R&D center and International operations headquarters in Israel. Clockwork Solutions is owned by Formula Vision (TASE: FVT).

Photo caption: “Industry Leaders Evaluate Clockwork Solutions Technology and Services in Support of Their Life Cycle Risk Forecasting Needs” -IDGA’S Performance Based Logistics Event, Alexandria, VA.

Downloads

Download images concerning this Press Release.

Download: preview (150) - lowres (300) - medres (600) - hires (unscaled)

Company Information

Downloads