COLUMBIA, Md., March 1 /PRNewswire/ -- GSE Systems, Inc. (AMEX: GVP), a
leading global provider of real time simulation and process control solutions
to the chemical, pharmaceutical, energy, process and manufacturing industries,
today announced that it has committed to a Six Sigma quality program. Six
Sigma targets business improvements focused on improving profitability while
driving increased customer satisfaction. Six Sigma programs have had
significant quantifiable results at companies such as General Electric, Allied
Signal and Motorola. The Company has hired Mr. John Pelton as Vice President,
Quality and Process Improvement, to direct this program. Mr. Pelton was
formerly the Quality Leader for Global Professional Services at GE Information
Services and is a Six Sigma Master Black Belt.
"We are committed to the implementation of Six Sigma as the vehicle to
achieve breakthrough results in our business -- as it applies to our internal
processes and customer service satisfaction, and as the basic methodology for
the ongoing consulting services we provide to our customers," said Christopher
M. Carnavos, President and Chief Executive officer. "We are delighted to have
Mr. Pelton's experience and knowledge for this journey."
GSE Systems, Inc. develops and delivers business and technology solutions
by applying process control and simulation software, systems and services to
the pharmaceutical and chemical research & development, energy, process and
manufacturing industries worldwide. The Company's products are used in the
following industries: specialty chemical, food and beverage, petroleum
refining, pharmaceutical, fossil and nuclear power generation, metals and
water treatment. GSE Systems is headquartered in Columbia, Maryland with
offices in Georgia, Louisiana, Maryland, North and South Carolina,
Pennsylvania, and Texas, and its global locations include offices in Belgium,
Japan, the Netherlands, Sweden, and United Kingdom. Information about GSE
Systems is available via the Internet's World Wide Web at
http://www.whatisvirtualplant.com .
This news release contains forward-looking statements that involve risks
and uncertainties. The actual future results of GSE Systems may differ
materially due to a number of factors, including but not limited to delays in
introduction of products or enhancements, size and timing of individual
orders, rapid technological changes, market acceptance of new products and
competition. These and other factors are more fully discussed in the
Company's annual report on Form 10-K for the year ended December 31, 1998 as
filed with the Securities and Exchange Commission.
To receive additional information on GSE Systems, Inc. via fax at no
charge, dial 1-800-PRO-INFO and enter ticker symbol GVP.
SOURCE GSE Systems, Inc.
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Related links:
http://www.gses.com
CONTACT:
Brian K. Southern, Senior Vice President of
GSE Systems, Inc., 410-772-3588; or General, Doug DeLieto,
Analyst, Susan Jayson, or Media, Marty Gitlin, all of The
Financial Relations Board, 212-661-8030
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