GSE Systems

GSE Solutions Schedules Release of Third Quarter Fiscal 2023 Financial Results and Conference Call

Retrieved on: 
Wednesday, November 8, 2023
GSE Systems, GSE, Workforce

COLUMBIA, Md., Nov. 8, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the nuclear power industry, today announced that it will issue its financial results press release for the third quarter ended September 30, 2023 on Tuesday, November 14, 2023, after the close of the stock market.

Key Points: 
  • COLUMBIA, Md., Nov. 8, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the nuclear power industry, today announced that it will issue its financial results press release for the third quarter ended September 30, 2023 on Tuesday, November 14, 2023, after the close of the stock market.
  • The GSE management team will host a conference call that day at 4:30 p.m.
  • Call-in information: Interested parties can access the conference call by dialing (833) 974-2453 or (412) 317-5784 and request to be joined into the GSE Systems, Inc. call.
  • A webcast replay will be available in the Investor Relations section of the Company's website at https://www.gses.com/about/investors/ for 90 days.

GSE Solutions Receives New Contracts for Continued Engineering Services

Retrieved on: 
Monday, October 30, 2023
GSE Systems, Engineering, Improved Turbine Engine Program, Workforce, Electricity, ASME, The Company, GSE, International finance, IST, Renewable energy, Airline

COLUMBIA, Md., Oct. 30, 2023 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions" or "GSE" or the "Company") (Nasdaq: GVP), a leader in advanced engineering services and workforce solutions that support the future of clean-energy production and decarbonization initiatives of the nuclear power industry, announced today it has been awarded in excess of $0.5 million in contracts to provide Engineering Program updates for two large nuclear power customers in United States and United Kingdom.  

Key Points: 
  • Much of the proceeds from these contracts will provide ASME Code Program updates for Britain's biggest generator of zero-carbon electricity.
  • Over the several years, GSE's Engineering, Programs & Performance division has continued to generate engineering program business in Spain, South Africa, and China to support the company's new service strategic global expansion initiatives.
  • "For over 20 years, GSE Programs & Performance (formerly True North Consulting) has provided a full range of engineering programmatic services to the nuclear industry," said Damian DeLongchamp, Vice President of GSE Engineering, Programs & Performance.
  • "We are excited to continually expand globally to broaden our engineering services reach and provide more nuclear customers with cost-effective services that ensure the safe operation of their facilities."

GSE Services Support Topical Report for using Data Validation and Reconciliation for Measurement Uncertainty Recapture

Retrieved on: 
Monday, September 25, 2023
Workforce, GSE Systems, Nuclear Regulatory Commission, DVR, Engineering, NRC, Topical medication, Data validation and reconciliation, Plant, Measurement uncertainty, Safety, GSE, Renewable energy

COLUMBIA, Md., Sept. 25, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives for the nuclear power industry, announced that it has developed key services that support recent Topical Report, which outlines the requirements for using Data Validation and Reconciliation (DVR) for Measurement Uncertainty Recapture (MUR).

Key Points: 
  • COLUMBIA, Md., Sept. 25, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives for the nuclear power industry, announced that it has developed key services that support recent Topical Report, which outlines the requirements for using Data Validation and Reconciliation (DVR) for Measurement Uncertainty Recapture (MUR) .
  • In July 2023, the Nuclear Regulatory Commission (NRC) released the final safety evaluation of the Topical Report submitted for applying DVR to MUR uprates.
  • DVR is the new elite standard for optimizing plant performance in the nuclear power industry and can now be used to implement uprates of up to approximately 1.4%.
  • Then, the GSE team uses data analytics to monitor, troubleshoot, and make operational improvements that increase plant output and ensure efficient and safe operations, providing significant economic benefits to the utility.

GSE Systems Reports Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 14, 2023
Workforce, Operating cost, GSE Systems, Q3, Tax, Software, Wind, Interest, Inflation, EBITDA, Equifax Workforce Solutions, Performance engineering, CFO, Depreciation, Growth, YTD, Conference, GSE, Renewable energy, Clothing, Video game, Beauty salon, Engineering, Q2

COLUMBIA, Md., Aug. 14, 2023 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that support the future of clean energy production and decarbonization initiatives of the nuclear power industry, today announced financial results for the second quarter ("Q2") ended June 30, 2023.

Key Points: 
  • Conference Call Scheduled for today, August 14, 2023 at 4:30pm ET
    COLUMBIA, Md., Aug. 14, 2023 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that support the future of clean energy production and decarbonization initiatives of the nuclear power industry, today announced financial results for the second quarter ("Q2") ended June 30, 2023.
  • Strong revenue growth from Performance Engineering, with a 30% increase over Q1 of 2023 and 16% improvement from Q2 of 2022.
  • "I am pleased with the progress made during the second quarter, whereby we made meaningful improvement in our operational execution.
  • Emmett Pepe, CFO of GSE Systems, added, "The company's cost containment measures have started to deliver benefits during the quarter with operating expenses reflecting significant improvement over prior quarter.

GSE Wins Recent Simulation Awards Worth $4 Million

Retrieved on: 
Monday, August 14, 2023
Workforce, GSE Systems, JADE, Power plant engineering, System, Simulation, Engineering, GSE, Renewable energy

COLUMBIA, Md., Aug. 14, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives for the nuclear power industry, today announced two major innovative simulation solution wins valued in excess of $4 million.

Key Points: 
  • COLUMBIA, Md., Aug. 14, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives for the nuclear power industry, today announced two major innovative simulation solution wins valued in excess of $4 million.
  • These recent awards reinforce the importance of high-fidelity simulation systems in the nuclear industry, proving that GSE's technology and services continue to be used beyond traditional training needs as digital upgrades and systems are integrated into the nuclear fleet.
  • The recent awards include:
    $2.5M to upgrade and integrate plant simulation models for a large, advanced reactor to reflect final "as built" designs.
  • "These recent wins demonstrate the ongoing essential nature of simulation technology for the world's nuclear power fleet," said Kyle Loudermilk, President and CEO, GSE Solutions.

GSE Solutions Schedules Release of Second Quarter Fiscal 2023 Financial Results and Conference Call

Retrieved on: 
Tuesday, August 8, 2023
Workforce, GSE Systems, GSE, Cryptocurrency

COLUMBIA, Md., Aug. 8, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the nuclear power industry, today announced that it will issue its financial results press release for the second quarter ended June 30, 2023 on Monday, August 14, 2023, after the close of the stock market.

Key Points: 
  • COLUMBIA, Md., Aug. 8, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the nuclear power industry, today announced that it will issue its financial results press release for the second quarter ended June 30, 2023 on Monday, August 14, 2023, after the close of the stock market.
  • The GSE management team will host a conference call that day at 4:30 p.m.
  • Call-in information: Interested parties can access the conference call by dialing (833) 974-2453 or (412) 317-5784 and request to be joined into the GSE Systems, Inc. call.
  • A webcast replay will be available in the Investor Relations section of the Company's website at https://www.gses.com/about/investors/ for 90 days.

GSE Solutions Awarded $1.1 Million in In-Service Inspection and In-Service Testing Service Contracts

Retrieved on: 
Monday, August 7, 2023
Workforce, GSE Systems, ISI, The Company, ASME, IST, Engineering, GSE, Renewable energy

GSE has provided a full range of ISI and IST programmatic services for over 20 years.

Key Points: 
  • GSE has provided a full range of ISI and IST programmatic services for over 20 years.
  • The contracts include services that will ensure the utilities remain compliant with requirements of the latest approved edition addenda of the ASME OM and ASME Section XI Codes and associated regulatory requirements.
  • Services range from full program development and updates to detailed training courses, which can be delivered virtually or onsite.
  • "For years, GSE has been pleased to play a key role for our clients, ensuring their program updates are done flawlessly," said Damian DeLongchamp, Vice President of GSE Engineering, Programs & Performance.

GSE Solutions Awarded up to $15M to Support Nuclear Power Plant Main Control Room Modernization Project

Retrieved on: 
Monday, July 10, 2023
Workforce, GSE Systems, Digital, ECCS, RCIC, Invercargill ILT Velodrome, RPS, GSE, Renewable energy, Management

GSE will be responsible for reviewing and updating all the procedures and training programs associated with a main control room modernization project for two of the operator's nuclear power plant reactors.

Key Points: 
  • GSE will be responsible for reviewing and updating all the procedures and training programs associated with a main control room modernization project for two of the operator's nuclear power plant reactors.
  • GSE plans on ramping up staff this month for this contract and be fully staffed by the end of this year.
  • The roots of our procedure expertise began in the nuclear power industry, where high-quality procedure programs are vital to plant safety.
  • "We are extremely grateful for the opportunity to support this client on this modernization project," said Kyle Loudermilk, President and Chief Executive Officer of GSE Solutions.

GSE Announces Follow-On Financing with The Lind Partners

Retrieved on: 
Monday, June 26, 2023
Workforce, GSE Systems, Infrastructure Investment and Jobs Act, Partner, DOE, Inflation, Linde plc, Inflation Reduction Act of 2022, GSE, Renewable energy

COLUMBIA, Md., June 26, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives for the nuclear power industry, today announced it has entered into a follow-on financing with The Lind Partners, which will be in the form of a convertible security with a term of 24 months. The offering is for a total of $8 million, with upfront proceeds of $1.5 million upon closing and up to an additional $6.5 million, funded in minimal increments of $1 million and subject to mutually agreed terms. Repayment of the new $1.5 million in proceeds will commence in one year and at that time will be repaid in 12 monthly installments.

Key Points: 
  • Repayment of the new $1.5 million in proceeds will commence in one year and at that time will be repaid in 12 monthly installments.
  • "We are appreciative to The Lind Partners on providing additional access to capital along with amended terms to our original offering.
  • We are grateful for the relationship with and support of Lind," stated Kyle Loudermilk, President and CEO of GSE Solutions.
  • "Lind is excited to assist GSE with additional access to capital.

Utilities Service Alliance Selects GSE Solutions as a Specialty Engineer of Choice (EOC)

Retrieved on: 
Tuesday, June 20, 2023
Workforce, GSE Systems, Engineering, EOC, GSE, Renewable energy

COLUMBIA, Md., June 20, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives for the nuclear power industry, today announced that GSE had been selected by Utilities Service Alliance, Inc. (USA) to be a Specialty Engineer of Choice (EOC) supplier.

Key Points: 
  • COLUMBIA, Md., June 20, 2023 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives for the nuclear power industry, today announced that GSE had been selected by Utilities Service Alliance, Inc. (USA) to be a Specialty Engineer of Choice (EOC) supplier.
  • This USA agreement expands on a previous EOC agreement with GSE True North Consulting, now GSE Engineering, Programs & Performance division, that started in 2019.
  • As of June 7th, USA alliance members can use GSE Solutions' entire portfolio of engineering services, technology and workforce solutions, including specialized nuclear training, nuclear engineering design, engineering program compliance, simulation solutions and upgrades, and specialized technical staffing and consultation.
  • "The entire GSE Solutions team is looking forward to contributing to the safe, reliable, and economical operation of each nuclear power station."