COLUMBIA, Md., June 20 /PRNewswire/ -- GSE Systems, Inc. (GSE)
(Amex: GVP), a leading global provider of real time simulation and process
control solutions, announces the release of several products using advanced
signal analysis techniques to help nuclear plants improve operating
performance. GSE's products support these non-intrusive techniques that help
operators and maintenance personnel of plants in Europe and Japan to gain
better and clearer information about the performance of plant components.
"Nuclear power is a critical element of President Bush's National Energy
Policy. In addition to potential new plant construction, the Policy describes
the benefits of increasing operating performance of existing plants from their
current level of 90% to 92%. GSE's products help nuclear plants achieve this
critical improvement factor," said Jerry Jen, President of GSE Systems.
GSE's Pegasus Plant Surveillance and Diagnosis System(TM) helps improve
plant availability, safety and economy. Pegasus is a software package for
semi-automatic plant surveillance and diagnostics. The Pegasus System
software tools incorporate sophisticated signal processing and simulation
techniques to help operators evaluate the condition and performance of plant
components. As a result, the Pegasus System enables site engineers to perform
detailed analysis for specified component faults to support decision-making
actions, without need for specialized skills. This allows plant management to
identify degraded performance and replace components before they fail.
Another product currently in use internationally is SIMON(TM), a Boiling
Water Reactor (BWR) stability monitor. SIMON helps plant operators to maintain
safer and more efficient plant operations by providing stability margin data.
If the real-time data indicates declining margins, this enables operators to
take action to avoid reactor power oscillations. SIMON systematically saves
historical information on reactor core stability over a long period, which
will support better in-core management. SIMON is installed in six BWR's
worldwide, including power plants in Sweden, Switzerland and Japan.
Sensors are the first link in the chain that influences protection systems
in nuclear power plants, so it is essential that they fulfill the demand of
reliability and response time. GSE's SensBase(TM) uses advanced signal
analysis to dynamically investigate sensor systems during plant operation.
Using SensBase, GSE provides comprehensive sensor test services consisting of
measurement, analysis, reporting, and storage of data. Through these
services, GSE helps to ensure that changes in transmitters and other
instruments do not jeopardize the function of the protection systems.
GSE's Noise Analysis Program Package, BRUS(TM), is a collection of a wide
variety of signal analysis tools used for various purposes from simple signal
behavior check to complicated signal analysis. User-friendly interfaces and
well-organized analysis procedures allow users to carry out versatile signal
analysis in a straightforward manner, resulting in a deeper understanding of
the physical component or detection of developing abnormalities in the plant.
"We are very satisfied with the signal analysis services from GSE and as a
result our planned outage time is reduced" declares Mr. Schwaninger from the
electrical engineering and maintenance department at KKM -- a General Electric
BWR in Switzerland. SensBase -- the sensor test database -- as well as SIMON
-- the BWR stability monitor -- are installed at KKM.
"These tools were developed by a top notch team of signal analysis experts
in GSE's Swedish subsidiary, and fall in line with GSE's strategy of helping
our customers run their plants safely and efficiently" stated Hakan Unneberg,
President of GSE Systems AB of Nykoping, Sweden.
GSE Systems, Inc. develops and delivers business and technology solutions
by applying process control, 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, and fossil and nuclear power
generation. GSE Systems is headquartered in Columbia, Maryland with offices
in Alabama, Georgia, Louisiana, Maryland, North and South Carolina,
Pennsylvania, and Texas, and its global locations include offices in Japan and
Sweden. 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, 2000 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:
Gill R. Grady, Senior Vice President of GSE
Systems, Inc., 410-772-3500; or General, Maura Gedid, or
Analysts, Susan Garland, both at The Financial Relations Board
BSMG Worldwide, 212-661-8030
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