GSE Systems

GSE Solutions Supports Royal Dutch Shell with On-Demand Simulator Learning Software

Retrieved on: 
Monday, May 11, 2020
Education, Technology, Other Energy, Nuclear, Utilities, Training, Oil, Gas, Software, Coal, Alternative energy, Energy, GSE Systems, Simulation, GSE

GSE Systems, Inc. (GSE Solutions or GSE) (Nasdaq:GVP), a leader in delivering and supporting end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced the sale of a five-year software subscription of its EnVision cloud-based simulator learning software to Shell for $1.65 million.

Key Points: 
  • GSE Systems, Inc. (GSE Solutions or GSE) (Nasdaq:GVP), a leader in delivering and supporting end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced the sale of a five-year software subscription of its EnVision cloud-based simulator learning software to Shell for $1.65 million.
  • At Shell we want our employees engaged in active and immersive experiences that result in aha learning moments.
  • This represents another step Shell is taking to make more innovative learning and development solutions available to employees world-wide through virtual delivery.
  • This sale demonstrates the value Shell places on advanced learning methods such as simulation, said Gill Grady, Senior VP of Sales of GSE Solutions.

GSE Solutions Announces Fourth Quarter and Full Year 2019 Financial Results

Retrieved on: 
Tuesday, April 14, 2020
Finance, Utilities, Oil, Gas, Professional services, Coal, Alternative energy, Energy, Nuclear, Training, Education, GSE Systems

GSE Systems, Inc. (GSE Solutions, GSE, or the Company) (Nasdaq: GVP), a leader in delivering engineering, compliance, simulation, training and workforce solutions to the power industry, today announced its financial results for the fourth quarter (Q4) and fiscal year ended December 31, 2019.

Key Points: 
  • GSE Systems, Inc. (GSE Solutions, GSE, or the Company) (Nasdaq: GVP), a leader in delivering engineering, compliance, simulation, training and workforce solutions to the power industry, today announced its financial results for the fourth quarter (Q4) and fiscal year ended December 31, 2019.
  • Cash flow provided by operations totaled $4.0 million, compared to cash flow used in operations of $(3.5) million in 2018.
  • Kyle J. Loudermilk, GSEs President and Chief Executive Officer, said, Our fourth quarter and full year 2019 adjusted EBITDA totaled $1.2 million and $4.8 million, respectively.
  • Q4 2019 revenue decreased $5.6 million from $22.9 million in Q4 2018 to $17.3 million in Q4 2019.

GSE and ABB Bailey Japan Announce Strategic Collaboration for Thermal Simulation to Japanese Power Market

Retrieved on: 
Monday, March 30, 2020
Other Energy, Utilities, Oil, Gas, Coal, Alternative energy, Energy, Nuclear, Companies, GSE Systems, Electrical engineering, ABB Group, Engineering, Simulation, Distributed control system

GSE Solutions (GSE Systems, Inc. or GSE) (Nasdaq: GVP) a leader in delivering and supporting end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced a strategic collaboration with ABB Bailey Japan to jointly develop high-fidelity operation training simulators with ABB Baileys industry-leading distributed control systems (DCS) for the Japanese thermal market.

Key Points: 
  • GSE Solutions (GSE Systems, Inc. or GSE) (Nasdaq: GVP) a leader in delivering and supporting end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced a strategic collaboration with ABB Bailey Japan to jointly develop high-fidelity operation training simulators with ABB Baileys industry-leading distributed control systems (DCS) for the Japanese thermal market.
  • Together GSE and ABB have decades of expertise and a record of developing leading technologies for power plant operators to greatly improve safety and efficiency through simulation.
  • The companies will jointly develop projects in Japan, where ABB Bailey Japan serves a significant portion of the DCS market.
  • An industry-wide push for efficiency in power generation provides an opportune environment for collaborative offerings, as does a long-standing focus on enhanced safety in the thermal power generation market.

GSE Solutions Reschedules Financial Results Conference Call for April 14, 2020

Retrieved on: 
Monday, March 30, 2020
Other Energy, Utilities, Oil, Gas, Nuclear, Coal, Training, Alternative energy, Energy, Other Education, Other Manufacturing, Education, Engineering, Manufacturing, GSE Systems, Mortgage industry of the United States, Subprime mortgage crisis

GSE Systems, Inc. (GSE Solutions or GSE) (Nasdaq: GVP), a leader in delivering end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that the Company is rescheduling the release of its fourth quarter and full year 2019 financial results and conference call for Tuesday, April 14, 2020, after the close of the stock market.

Key Points: 
  • GSE Systems, Inc. (GSE Solutions or GSE) (Nasdaq: GVP), a leader in delivering end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that the Company is rescheduling the release of its fourth quarter and full year 2019 financial results and conference call for Tuesday, April 14, 2020, after the close of the stock market.
  • The Company previously announced that it would conduct its conference call on March 30, 2020.
  • The postponement of GSEs filing of its Annual Report is not a result of any material impacts to the Companys financial position.
  • Management will host the rescheduled conference call on Tuesday, April 14, 2020 at 4:30 pm Eastern Time.

Structural Integrity Appoints Sean Fuller as Executive Director Sales and Marketing

Retrieved on: 
Friday, March 20, 2020
GSE Systems

SAN JOSE, Calif., March 20, 2020 /PRNewswire/ -- Structural Integrity Associates, Inc. (SI), a leader in engineering and technology in the power and oil & gas industries, today announced the appointment of Sean Fuller as Executive Director of Sales and Marketing.

Key Points: 
  • SAN JOSE, Calif., March 20, 2020 /PRNewswire/ -- Structural Integrity Associates, Inc. (SI), a leader in engineering and technology in the power and oil & gas industries, today announced the appointment of Sean Fuller as Executive Director of Sales and Marketing.
  • Fuller will report to Mark Marano, SI President and Chief Executive Officer, who recently joined the company in February.
  • Fuller joins SI from Curtiss-Wright Corporation where he was an Innovation Champion and Innovation Lead Product Engineering in the Nuclear Division.
  • Previously, Fuller served as Executive VP Sales and Technology for GSE Systems Inc., a provider of simulation, training, and engineering solutions to the power and process industries.

GSE Schedules Release of Fourth Quarter and Full Year 2019 Financial Results and Conference Call

Retrieved on: 
Wednesday, March 18, 2020
Energy, Utilities, Oil, Gas, GSE Systems, Simulation

GSE Systems, Inc. (GSE Solutions or GSE) (Nasdaq: GVP), a leader in delivering end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that it will issue its financial results press release for the fourth quarter and full year ended December 31, 2019 on Monday, March 30, 2020 after the close of the stock market.

Key Points: 
  • GSE Systems, Inc. (GSE Solutions or GSE) (Nasdaq: GVP), a leader in delivering end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that it will issue its financial results press release for the fourth quarter and full year ended December 31, 2019 on Monday, March 30, 2020 after the close of the stock market.
  • Management will host a conference call that day at 4:30 pm Eastern Time to discuss the results.
  • Interested parties may participate in the call by dialing:
    The conference call will also be accessible via the following link: https://78449.themediaframe.com/dataconf/productusers/gvp/mediaframe/365...
    We are the future of operational excellence in the power industry.
  • As a collective group, GSE Solutions leverages top skills, expertise, and technology to provide highly specialized solutions that enable customers to achieve the performance they envision.

GSE Rebrands as GSE Solutions to Capture its Wide Breadth of Business Solutions for the Power Industry

Retrieved on: 
Monday, January 27, 2020
Other Energy, Utilities, Oil, Gas, Coal, Alternative energy, Energy, Nuclear, Training, Education, GSE Systems, Simulation

GSE Systems, Inc. remains the legal name of the parent company, publicly traded on Nasdaq under the ticker symbol GVP.

Key Points: 
  • GSE Systems, Inc. remains the legal name of the parent company, publicly traded on Nasdaq under the ticker symbol GVP.
  • As a trusted resource for the global power industry since 1971, GSE experts help customers get the most from their plant operations, said Kyle Loudermilk, President and CEO of GSE.
  • As a collective group, GSE Solutions leverages top skills, expertise, and technology to provide highly specialized solutions that enable customers to achieve the performance they envision.
  • Our experts deliver and support end-to-end training, engineering, compliance, simulation, and workforce solutions that help the power industry reduce risk and optimize plant operations.

GSE Systems Elects New Board Member

Retrieved on: 
Friday, December 20, 2019
Other Energy, Utilities, Oil, Gas, Coal, Alternative energy, Energy, Nuclear, Training, Education, GSE Systems, Simulation, GSE, Subprime mortgage crisis, Mortgage industry of the United States

GSE Systems, Inc. (GSE or the Company) (Nasdaq: GVP), a leader in delivering end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that its Board of Directors has unanimously elected Kathryn OConnor Gardner as a Class III Director and member of the Audit, Compensation, and Nominating & Governance Committees effective December 17, 2019.

Key Points: 
  • GSE Systems, Inc. (GSE or the Company) (Nasdaq: GVP), a leader in delivering end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that its Board of Directors has unanimously elected Kathryn OConnor Gardner as a Class III Director and member of the Audit, Compensation, and Nominating & Governance Committees effective December 17, 2019.
  • I am pleased to join GSEs Board and look forward to contributing to the Companys success, said Ms. Gardner.
  • GSE Systems, Inc. is a leading provider of engineering, expert staffing and simulation software to clients in the power and process industries.
  • GSE Systems is headquartered in Maryland, with offices in Alabama, Florida, Colorado, Texas, and Beijing, China.

GSE Systems Announces Renewal of Specialty Engineer of Choice Contract for Additional Three Years

Retrieved on: 
Monday, December 9, 2019
Engineering, Technology, Manufacturing, Energy, Software, Nuclear, GSE Systems, Simulation, GSE

GSE True North, part of the GSE Systems group, specializes in plant thermal performance and engineering programs to optimize plant performance and safety.

Key Points: 
  • GSE True North, part of the GSE Systems group, specializes in plant thermal performance and engineering programs to optimize plant performance and safety.
  • This SEOC agreement renewal provides GSE True North priority to support the clients engineering programs and other specialty services and products on an as needed basis.
  • This SEOC renewal serves as a continued vote of confidence from a major client, said Kyle Loudermilk, president and chief executive officer of GSE Systems.
  • GSE Systems, Inc. is a leading provider of engineering, expert staffing and simulation software to clients in the power and process industries.

GSE Systems Reschedules Financial Results Conference Call for November 19, 2019

Retrieved on: 
Wednesday, November 13, 2019
Human resources, Other Energy, Utilities, Oil, Gas, Coal, Professional services, Alternative energy, Energy, Nuclear, GSE Systems, Simulation

GSE Systems, Inc. is a leading provider of engineering, expert staffing and simulation software to clients in the power and process industries.

Key Points: 
  • GSE Systems, Inc. is a leading provider of engineering, expert staffing and simulation software to clients in the power and process industries.
  • GSEs products and services are tailored to help customers achieve performance excellence in design, training, compliance, and operations.
  • The Company has over four decades of experience, more than 1,100 installations, and hundreds of customers in over 50 countries spanning the globe.
  • GSE Systems is headquartered in Maryland, with offices in Alabama, Florida, Colorado, Texas, and Beijing, China.