SANTA ANA, Calif., May 21, 2013 /PRNewswire/ -- SUTIMCo
International, Inc. (OTC Pink: SUTI) a multi-project business
accelerator Company, is pleased to announce the appointment of
Steve Nieman as Chairman of the
Advisory board for the Company's Truck Equipment and Lubricants
Business Unit. Steve will be instrumental in developing and
adding key members with specific expertise to the Truck and
Lubricant Technologies Business Unit while properly structuring
presentations for key investment groups.
Mr. Nieman has a wealth of experience in international and North
American transportation and distribution including general
management, strategic planning, and marketing. He formerly
headed Mercer Management Consulting's motor carrier, logistics
service provider, and intermodal practices.
His strategic planning and business development activities have
included trucking, freight forwarding, airfreight, assembly and
distribution, ocean shipping, equipment manufacturing and energy
supply. He has introduced new services into the trucking and
intermodal industries. Twice he has been on an OEMs' industry
advisory committee including introducing life cycle cost analysis
in four subsectors of the trucking industry. He has explored
market entry into five countries, four market segments, and three
freight and logistics industry sectors. As a management
consultant he has assisted over a dozen clients evaluate and enter
new markets including entering businesses that serve truck
operators. His most numerous assignments have been helping
investors evaluate ownership of companies in the freight and
logistics industries. Many consulting assignments have
involved assisting real estate developers understand the underlying
demand characteristics for network intensive site locations from
the standpoint of trucking and railroad access and service
performance.
Over the last 30 years, Mr. Nieman has held executive positions
with major companies in the trucking, intermodal and railroad
industries, including Consolidated Freightways, Leaseway
Transportation, American President, and Burlington Northern.
He has been Chief Executive Officer, Chief Operating Officer, or
General Manager of five companies, and has served as an officer or
director of six industry associations.
SUTIMCo's Trucking Equipment & Biodregradable Lubricants
Business Unit consists of 4 proprietary technologies all
centered around environmental safety and the reduction of fuel
costs for the trucking industry. The first technology
"Liberty Lube" will produce a
100% non-toxic and biodegradable cost effective line of lubricants,
engine oils, greases and transmission fluids. It is estimated
that the size of the bio-based lubricant market will reach
$2.3 billion in 2017, from
$1.7 billion in 2007. The
second technology, "Spray Rite" is a proprietary fuel
injection device that accurately controls the air-fuel mixing
process for Si, Ci and HCCI combustion engines resulting in higher
fuel efficiency and low hydrocarbon and carbon monoxide
emissions. The market for energy efficient internal
combustion engines (ICEs) reached and astounding $121 billion in 2011 and expected to continue a
19% growth rate through 2021. The third technology "Dragon
Fire" Significantly reduces aerodynamic drag improving fuel
efficiency of tractor trailers and the fourth technology
"MoniTire" a technology that provides a tri-axial
micro-accelerometer placed on the truck tire's inner-liner that
monitors tire pressure and conditions through a proprietary control
box. Information is sent to an in-cab display for the driver
to monitor. Currently an advisory council is being
created for serious investors the Company will be presenting to
within the next 30 days.
For more information visit SUTIMCo's recently updated Web
site: www.suti.com
About SUTIMCo International, Inc.
SUTIMCo International, Inc. is a holding company, which utilizes
a unique and established platform to launch new technology
enterprises based on world-class university research discoveries.
SUTIMCo International through its wholly owned subsidiary SUTIMCo,
Inc. provides experienced management to early stage companies,
reducing risk and assuring the know-how in launching and growing a
new company. In addition to this skilled management team, SUTIMCo
can avail itself of the encyclopedic, informal knowledge of the
inventor, his experience and his research team.
SUTIMCo's robust portfolio of relationships with prestigious
American universities is unique and strategic. North American
universities invest over $42 billion
in science and technology research, with about 15,000 new
technologies disclosed annually. SUTIMCo's portfolio of technology
and innovation start-ups, in partnership with more than two-dozen
of the nation's premier research universities, includes
technologies and products in the pre-funding stage and projects in
the development process. Each of these business entities is being
advanced by the SUTIMCo management team and methodology.
Safe Harbor
Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within
the meaning of section 27A of the Securities Act of 1933, Section
21E of the Securities Exchange Act of 1934, and as that term is
defined in the Private Securities Litigation Reform Act of 1995.
The Company intends that such statements about the Company's future
expectations, including future revenues and earnings, technology
efficacy and all other forward-looking statements be subject to the
safe harbors created thereby. The Company is a development stage
company who continues to be dependent upon outside capital to
sustain its existence. Since these statements (future operational
results and sales) involve risks and uncertainties and are subject
to change at any time, the Company's actual results may differ
materially from expected results.
Investor Relations
714-333-9445
SOURCE SUTIMCo International, Inc.
