GSE Systems, Inc. (GSE) (NYSE Amex:GVP), a leading global provider of real-time simulation and training solutions to the power, process, manufacturing and Government sectors, announced the award of $5.8 million of new work in its nuclear power simulation sector. Included in these awards are engineering services and simulator upgrade projects in North America, Europe and Asia.
Among the contracts are projects for simulation products and engineering services for various US Government organizations, delivery of GSE’s RELAP5-HD
solution and several sales of GSE’s unique VPanel
Jim Eberle, GSE’s Chief Executive Officer said, “I am very pleased that both our RELAP5-HD and VPanel products continue to gain wide acceptance across our customer base. Our RELAP5-HD product provides the industry’s best solution for modeling reactor cores and customers are purchasing the product not only to enhance their training simulators, but also to use with our engineering design, verification and validation (V&V) platforms. Our VPanel product provides an extremely cost effective way for customers to train their operations staff. Also encouraging is the fact that a number of these awards are very strategic, and I believe they will positively affect our nuclear business well into the future.”
GSE Systems, Inc. provides training and engineering simulators, as well as educational solutions. The Company has over three decades of experience, over 362 installations, and 100 customers in more than 40 countries. Our software, hardware and integrated training solutions leverage proven technologies to deliver real-world business advantages to the energy, process, manufacturing and government sectors worldwide. GSE Systems is headquartered in Sykesville, Maryland located in the western suburbs of Baltimore, Maryland. Our global locations include offices in St. Marys and Augusta, Georgia; Tarrytown, New York; Nyköping, Sweden; Stockton-on-Tees, UK; and Beijing, China. Information about GSE Systems is available via the Internet at
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