GSE Systems, Inc. (“GSE” or the “Company”) (NYSE MKT: GVP), a global energy services solutions provider, today introduced the Virtual Flow Loop Trainer TM, a training and education tool that combines GSE’s expertise in high fidelity simulation modeling with Serious Gaming 3D technology. It can cost approximately $1 million to construct a brick and mortar flow loop facility for training plant operating and maintenance staff. The Virtual Flow Loop Trainer is a practical and cost-effective alternative that operates on personal computers across a company’s existing IT infrastructure. The Virtual Flow Loop Trainer provides the same level of training in a convenient, flexible environment that yields higher student throughput and increased engagement. Serious Gaming technology, when applied to the appropriate training situation, has been proven effective and is widely used by the U.S. Military. The challenge has been applying virtual reality in a cost-effective manner that provides a true training benefit. GSE has combined its simulation expertise, instructional system design capability, and visualization technology to provide a first-of-a-kind, practical training tool for industrial operations. The Virtual Flow Loop Trainer is applicable across all industries and learning organizations that need to train their staff and students on both the fundamental and practical operations of a wide variety of pumps, valves, controllers, and instrumentation. The Virtual Flow Loop Trainer counters the inherent limitations of physical training installations and delivers improved outcomes. The virtual environment allows GSE to embed additional training information and real-time, high fidelity simulation data into the training scenario for a deeper understanding of component and system functions, while enabling an instructor to present phenomena that are difficult for students to visualize and understand. The Virtual Flow Loop Trainer also provides the benefits of a simulated platform: no maintenance costs, safety or environmental issues; the ability to quickly reset the training scenario for more frequent practice; and the ability to easily expand the training system to add new equipment.
The virtual environment is also well suited for the next generation of plant workers, who are well-versed in the digital world and learn best through engaging, hands-on learning experiences. The Virtual Flow Loop Trainer and other Activ-3Di TM products and services from GSE are aimed at providing increased practical knowledge and deeper understanding of theoretical concepts that are cost effective and relevant to the workforce of tomorrow.Jim Eberle, Chief Executive Officer of GSE, stated, “The application of true-to-life virtual environments connected to our high fidelity models is a strategic initiative of the Company. The Virtual Flow Loop Trainer is just one of many applications where we have listened to our customers’ training challenges and provided a product to enable them to train faster, learn more, and spend less.” ABOUT GSE SYSTEMS, INC . GSE Systems, Inc. provides a wide range of simulation and training solutions to the global energy (nuclear and non-nuclear) industry, and is the world leader in nuclear simulation. The Company has over four decades of experience, more than 1,000 installations, and hundreds of customers in over 50 countries spanning the globe. 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 (Baltimore), Maryland, with offices in St. Marys, Georgia; Tarrytown, New York; Madison, New Jersey; Cary, North Carolina; Chennai, India; Nyköping, Sweden; Stockton-on-Tees, UK; Glasgow, Scotland; and Beijing, China. Information about GSE Systems is available via the Internet at http://www.gses.com FORWARD LOOKING STATEMENTS We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as “expect,” “intend,” “believe,” “may,” “will,” “should,” “could,” “anticipates,” and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. We do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.