COLUMBIA, Md., May 24 /PRNewswire/ -- GSE Systems, Inc. (Amex: GVP), a
leading global provider of real time simulation and process control solutions
to the energy, process and manufacturing industries, today announced the
launch of VirtualPlant(TM).
VirtualPlant(TM) is a suite of products and services that leverages GSE's
expertise in simulation and automation to enable customers to reduce
time-to-market, improve overall quality, and improve operating flexibility.
Within existing facilities, VirtualPlant(TM) streamlines and optimizes
existing processes using consulting services, simulation, recipe management,
and process control applications.
According to Christopher M. Carnavos, President, "VirtualPlant(TM)
represents GSE Systems' vision for the future. By creating a virtual
environment for problem solving and business planning, VirtualPlant(TM)
capitalizes on the true potential of simulation to bring fundamentally new
types of solutions to process manufacturing and utility markets. We have
positioned GSE to take a leadership role in the application of this
technology, which has already indicated significant results. We will continue
to further build VirtualPlant(TM) with product development, acquisitions, and
strategic partnerships. It is our intent to enable every process and utility
company to benefit from a VirtualPlant(TM) of their own."
Users can benefit from VirtualPlant(TM) in a variety of ways. As an
example, in the research and development arena, VirtualPlant(TM) emphasizes
simulation rather than just physical experimentation during the scale up of
new products from lab bench to production. The result is a more effective
approach to product development that allows customers to determine which
candidates have a high likelihood of success early in the development cycle.
More projects can thus be conducted with existing resources, and more products
will be ready to market.
GSE Systems, Inc. develops and delivers business and technology solutions
by applying process control, data acquisition and simulation software, systems
and services to the 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, Sweden, and United Kingdom.
Information about GSE Systems is available via the Internet's World
Wide Web at http://www.gses.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.
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., 443-436-7500; or General Info., Doug DeLieto,
Media Info., Marty Gitlin, Analyst Info., Elisa Mailman, all of
The Financial Relations Board, 212-661-8030
NOTE TO EDITORS: To receive additional information on GSE
Systems, Inc., via fax at no charge, dial 1-800-PRO-INFO and
enter ticker symbol GVP
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