News
Press Releases:
OptTek Receives $500,000 Federal Award For Optimization Technologies
Boulder, CO, March 27, 2013 – OptTek Systems, Inc., was awarded a Phase II Enhancement Small Business Innovative Research (SBIR) contract by the United States Missile Defense Agency to continue to develop optimization methods and enabling software for simulation modeling. Full text >>
Dr. Fred Glover, Named 2013 IEEE Fellow
Piscataway, New Jersey, USA, January 2013: Dr. Fred Glover, Chief Technology Officer, OptTek Systems, Inc., has been named an IEEE Fellow. He is being recognized for contributions to computer based optimization. Full text >>
OptTek Named by Leading Analyst Firm as a Cool Vendor in HCM for 2012
Boulder, CO, May 1, 2012 – OptTek Systems, Inc., has been recognized as a Gartner Cool Vendor in Human Capitol Solution Software for 2012. The report was published by James Holincheck, Thomas Otter and Jeff Freyermuth on April 26, 2012. Companies that are selected are evaluated as innovative, impactful, and intriguing. Full text >>
OptTek Receives $590,000 Subcontract Award To Develop Optimization Prototype
Boulder, CO, October 18, 2011 – OptTek Systems, Inc., was awarded a $590,000 subcontract to CAS, Inc. a subsidiary of The Wyle Corporation to determine the best optimization engine approach and design and develop an optimization prototype to be used as a test platform for optimization studies. Full text >>
OptTek Receives $282,000 Subcontract Award To Develop Optimization Technologies
Boulder, CO, September 1, 2011 – OptTek Systems, Inc., was awarded a subcontract to The AEgis Technologies Group to conduct systems engineering: needs identification, requirements documentation generation, and system level analysis and design, to identify novel solutions to address Modeling and Simulation (M&S) needs for the Missile Defense Agency (MDA). Full text >>
OptTek CTO Dr. Fred Glover Receives Eminent IGI Award
Boulder, CO, April 13, 2011 – Dr. Fred Glover, Chief Technology Officer of OptTek Systems, was awarded the Best Journal Article in International Journal of Applied Metaheuristic Computing for 2010 in IGI Global’s Fourth Annual Excellence in Research Journal Awards. Criteria included contributions to the field and originality of the research. The title of the paper is “Metaheuristic Search with Inequalities and Target Objectives for Mixed Binary Optimization, Part I: Exploiting Proximity and Part II: Exploiting Reaction and Resistance.” Full text >>
OptTek CTO Dr. Fred Glover Awarded Prestigious 2010 INFORMS IMPACT Prize
Boulder, CO, November 9, 2010 – OptTek Systems, Inc., Chief Technology Officer, Dr. Fred Glover was awarded the 2010 INFORMS Impact Prize for his seminal work on metaheuristic algorithms, specifically the development of Scatter Search and Tabu Search, and for his work popularizing these techniques as effective solution methods for previously intractable problems. Full text >>
Boulder, CO, September 7, 2010 – OptTek Systems, Inc., was awarded a $1,250,000 contract by the United States Department of Army’s Deputy Chief of Staff G-1 and Research Development and Engineering Command’s Army Research Office to design and develop a strategic workforce planning system. The system will support the Army’s mission to ensure human resource readiness of the Total Army across the full spectrum of operations. By implementing the technology, the G-1 forecast a potential savings from balancing the force structure by 2013 to be well over $1B while maintaining mission readiness. Full text >>
OptTek Receives $750,000 Federal Award To Develop Optimization Technologies
Boulder, CO, August 9, 2010 – OptTek Systems, Inc., was awarded a Phase II Small Business Innovative Research (SBIR) contract by the United States Missile Defense Agency to develop optimization methods and enabling software for simulation modeling. Simulation models are available to formulate and analyze a wide variety of military, government, and commercial problems. OptTek will create an optimization and analysis toolkit, "OptDef," to provide MDA a capability to optimize Ballistic Missile Defense systems—a capability that will enable MDA to answer credibly not only "what if?", but also "what’s best?" and "why this and not that?" Full text >>
Denver, CO, July 12, 2010 – Workforce planning is becoming increasingly important as baby boomers head into retirement and the much smaller Generation Y enters the workforce. Even in a slow economy, workforce planning is essential to mitigating risk and making sure that long-term business plans provide the appropriate context to make the right short-term business decisions. Full text >>
Boulder, CO, June 17, 2010 – OptTek Systems, Inc. a Boulder optimization technology firm announced it was awarded a $150,000 Phase I Small Business Innovative Research grant by the National Science Foundation to create a robust economic development software planning tool and entrepreneurial education curriculum to improve economic development on the Native American Reservations. This model will help the reservations achieve both their economic and their community goals. With our partner, Spirit of the Sun, and selected representatives of the reservations, OptTek will build a time-based simulation model to closely represent economic and community dynamics. OptTek will establish specific metrics in collaboration with tribal leaders to be used to evaluate investment and economic development scenarios simulated with the tool. Full text >>
Boulder, CO, March 29, 2010 – OptTek Systems, Inc., was awarded a $750,000 R&D grant by the United States National Institute of Mental Health (NIMH), part of the National Institutes of Health (NIH), a component of the U.S. Department of Health and Human Services. The objective of this grant is the development of an innovative technique to avoid disclosure of confidential data in public use tabular data. The proposed technique, to be delivered through a combination of software and services, called Optimal Data Switching (OS), overcomes the limitations and disadvantages found in currently deployed disclosure limitation methods.
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Articles:
August 21, 2009
Boulder County Business Report: Ten companies receive IQ Awards
By Business Report Staff
Ten companies received IQ Awards Thursday evening, Aug. 20, at the Boulder County Business Report's 10th annual IQ (Innovation Quotient) Awards held at the Lionsgate Event Center in Lafayette. Full text >>
July 21, 2008
Diversity insight: The path to diversity: through the computer?
Could software solve your diversity problems? The National Science Foundation thinks so. The federal agency awarded a $450,000 Small Business Innovation Research grant to the Boulder, Colorado, tech firm OptTek Systems, which plans to build a software application that can improve an organization’s ability to strategically plan and manage its workforce.
Issues such as limited talent or an aging workforce "are changes companies are going to have to contend with so they can plan out how their workforce is going to evolve and better strategize how to meet their financial goals," says OptTek chief development officer Jay April. He says the benefits of the software, called OptForce, include integration of strategic business planning with workforce planning, cost-effective achievement of diversity goals, and increased confidence in forecasting business performance. Full text >>
May 30, 2008
Denver Post: Boulder-based OptTek focuses on workforce
The small firm uses grants to create "holistic" software solutions.
By Kimberly S. Johnson
Companies contending with an aging workforce and looking for new ways to attract and retain a diverse workforce may one day turn to a tiny Boulder software company for help. Full text >>
