COLUMBIA, Md., July 18 /PRNewswire-FirstCall/ -- GSE Systems, Inc. (GSE)
(Amex: GVP), a leading global provider of real-time simulation and process
control solutions for the energy and process industries, announced today
initiatives to provide revolutionary products and services to the chemical
industry. In support of the American Chemical Council's Responsible Care(R)
Program, adopted by many chemical companies in an effort to improve chemical
plant safety and security, GSE has entered into agreements with ManTech
Security Technologies Corporation (MSTC), Protection Strategies Inc. (PSI),
and MECx to provide a full range of vulnerability and threat assessment
services. GSE will also provide physical security systems for access control,
intrusion detection and cyber security.
The American Chemical Council is leading an industry driven initiative to
improve chemical plant security. This Responsible Care(R) Program will
require all members to assess the vulnerabilities of their plant security,
including both physical security and cyber security for information systems
and process control equipment. The GSE's team consists of leading companies
with capabilities in conducting threat assessments, vulnerability assessments,
and in developing cost- effective risk mitigation strategies. MSTC, a
subsidiary of Fairfax, Virginia-based, ManTech International Corporation
(Nasdaq: MANT) has provided similar security services for numerous government
agencies including the Departments of State and Energy. PSI specializes in
on-site security surveys, vulnerability and risk assessments, critical
infrastructure protection, and physical security, to include protective force
services. MECx, a veterans' owned, small business, provides expertise in
assessing environmental, health and safety issues to provide solutions that
encompass the entire operating environment in a plant.
GSE provides two unique capabilities to this team. GSE's plant simulation
technology will be used to help customers determine plant vulnerabilities,
assess consequences, evaluate time lines, and evaluate procedural changes that
can help mitigate plant risks. In addition, GSE's Alarm, Access, Reporting
and Detection System (GAARDS), which is the nuclear industry's most powerful
and versatile access control and intrusion detection system, is ideally suited
for large industrial applications such as chemical plants. GAARDS includes
personnel tracking and automatic emergency response reporting to aid recovery
forces in the event of an emergency.
Cyber security concerns for process control equipment are being uniquely
addressed by GSE through the use of its security system (GAARDS). GSE's
security system ensures the operators taking action on the control system are
verified using biometric identification. Additionally, the system can
validate that the operator has the authorization and required training
qualifications to operate the plant.
"GSE is providing truly unique capabilities in the area of chemical plant
security through the combination of expertise from our partners, plus our
unique application of GAARDS with our process control equipment," said Jerry
Jen, GSE's President and Chief Operating Officer.
More information on GSE and its team members can be found at the following
websites: http://www.gses.com, http://www.mantech.com,
http://www.protectionsi.com, and http://www.mecx.net .
Responsible Care is a registered trademark of the American Chemical
Council.
GSE Systems, Inc. is a real-time simulation, process control, and
automation company with three decades of experience, over 500 applications,
and 200 customers in more than 30 countries. Our software, hardware and
integrated solutions leverage proven technologies to deliver real-world
business advantages to the process and power industries worldwide including
specialty chemical, food and beverage, petroleum refining, pharmaceutical, and
fossil and nuclear power generation. GSE Systems is headquartered in
Columbia, Maryland with offices throughout the United States. Our global
locations include offices in Japan and Sweden. Information about GSE Systems
is available via the Internet 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, 2001 as
filed with the Securities and Exchange Commission.
SOURCE GSE Systems, Inc.
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Related links:
http://www.gses.com
http://www.mantech.com http://www.protectionsi.com
http://www.mecx.net
CONTACT:
Gill R. Grady, Senior Vice President of GSE
Systems, Inc., +1-410-772-3500, or general info, Marilynn Meek,
+1-212-445-8451, or analyst info, Susan Garland, +1-212-445-8458,
both of FRB Weber Shandwick
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