Steyr-Daimler-Puch Spezialfahrzeug GmbH, a General Dynamics Company, Selected Clockwork Solutions' VisualSPAR TM

Austin, TX - August 23rd, 2007 --[ASDWire]-- Steyr-Daimler-Puch Spezialfahrzeug GmbH, a General Dynamics company, selected Clockwork Solutions’ VisualSPAR™ predictive modeling platform for modeling the reliability, availability, maintainability and supportability aspects of their armored vehicles products. Searching for applications enabling its Integrated Logistics Support (ILS) team to predict and calculate the logistic aspects of the company’s contracts and supply-chain, Steyr choose VisualSPAR as the best fit and most advanced solution for their requirements.

Recently Steyr ILS personnel attended a 5-day VisualSPAR training session, and are nowadays building and initiating the system’s model and its integration to the data legacy systems of the company. The results achieved so far throw additional light on variety of aspects regarding systems performances and their relations to the logistic cycle. The model is used to determine the stock levels required for maintaining the high level of Steyr customers’ satisfaction.

Commenting about the selection and use of Clockwork Solutions’ VisualSPAR, Eng. Heinz Milchrahm, Head of Steyr ILS Department, said “We looked at a number of availability modeling tools and VisualSPAR was the only one we could be confident was capable of adequately modeling our systems. We were also impressed with the way in which Clockwork Solutions trained our modelers in the use of VisualSPAR and worked with us to develop the modeling approach."

Avinoam Doron, Clockwork Solutions Professional Service Manager, said, “The selection of Clockwork Solutions’ technology by Steyr demonstrates our unique capabilities and the value we provide to our customers. We are very proud of Steyr selecting our technology and are committed to continue supporting their predictive modeling efforts.”

About Steyr-Daimler-Puch Spezialfahrzeug GmbH (www.steyr-ssf.com)

Steyr-Daimler-Puch Spezialfahrzeug GmbH, based in Vienna, Austria, is a wholly owned company of General Dynamics Corporation. The company is integrated into "General Dynamics European Land Combat Systems", a business unit composed of three European companies, wholly owned by General Dynamics: MOWAG of Kreuzlingen, Switzerland; Santa Bárbara Sistemas of Madrid, Spain, and Steyr. The headquarters of General Dynamics "European Land Combat Systems" are located in Vienna.
Steyr's main field of activities is the design, development, production and international sales of its range of wheeled and tracked armored vehicles as well as turret systems. About 3,000 armored vehicles are in service worldwide, more than 1,200 of them in NATO countries.


About Clockwork Solutions (www.clockwork-solutions.com)

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, VisualSPAR™, 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, Bell Helicopter, 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).