GSE Systems Inc. Announces $10.1 Million in New Orders
January 31, 2012 at 07:15 pm IST
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GSE Systems Inc. announced new contracts valued at approximately $10.1 million involving nuclear, fossil, and process simulation, 3D Visualization, training, and engineering services. Each of these projects was awarded during the fourth quarter of 2011. The $10.1 million in new projects are comprised of: $5.9 million in contracts for four new, conventional (non-nuclear) full-scope plant simulators at facilities in Saudi Arabia, the United States, and the United Kingdom. These projects will be executed over the next 12-24 months; $2.1 million in nuclear projects, including a major simulator modification for an existing domestic customer, the sale of 3D Visualization and VPanel solutions, and contracted training programs for domestic nuclear utilities; $0.8 million in contracts for the process industry, including computer based learning modules, as well as customized and generic simulators for petrochemical refining, and nuclear waste processing customers; and -- $1.3 million in engineering services and training contracts consisting of awards to GSE TAS Engineering Consultants by a variety of customers throughout Europe, and the sale of GSE's Generic Pressurized Water Reactor (GPWR) and Instructor-led training services to a university in the UK and a US nuclear utility, respectively.
GSE Systems, Inc. is a provider of engineering services and technology, staffing, and simulation software to clients in the power and process industries. Its segments include Engineering and Workforce Solutions. Engineering segment primarily encompasses its power plant high-fidelity simulation solutions, technical engineering services for American Society of Mechanical Engineers programs, power plant thermal performance optimization, and interactive computer-based tutorials/simulation focused on the process industry. It also includes various simulation products, engineering consulting services, and operation training systems delivered across the industries its serves primarily in the nuclear, fossil fuel power generation and the process industries. The Workforce Solutions segment provides specialized, technical talent and specialty services throughout the energy, engineering, and adjacent industries including construction, government, infrastructure, environmental, and manufacturing.
GSE SYSTEMS, INC. 
