COLUMBIA, Md., Aug. 13 /PRNewswire/ -- GSE Systems, Inc. (Nasdaq: GSES), a
leading global provider of real time simulation and process control solutions
to the energy, process and manufacturing industries, today announced the
purchase of the proprietary technology and software assets of Mecca
Corporation of Florence, S.C. The assets consist of real-time data
acquisition systems and personnel access/security systems. This purchase
reaffirms the GSE commitment to the power utility client base by expanding the
GSE offering of real-time simulation and data systems.
Specifically, the purchase provides GSE with a new family of products and
services marketable to the existing GSE customer base, while allowing
expansion for new opportunities outside the base utility marketplace. The
real-time data acquisition system is a crucial element in providing Power
Plant Process Computer Systems that monitor the power plant processes, fire
protection, emergency planning and operational performance. The personnel
access/security system contains features for personnel accountability,
intrusion detection, and interfaces to a variety of "off the shelf" field
input devices. The software utilizes the industry leading operating systems
of Windows NT and QNX and has been installed at certain power utilities in the
United States.
"This purchase is a good fit for GSE based upon our previous experience in
the simulation of Plant Process Computers," says Jerry Jen, Senior Vice
President of GSE Power Systems. "Over the course of our twenty-five years of
power simulation experience GSE has simulated or stimulated over one hundred
Plant Process Computers. For this reason, our current employees are
knowledgeable in the technology and can immediately contribute to the
marketing and engineering efforts associated with this new business segment."
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, oil and gas, pharmaceutical,
fossil and nuclear power generation, metals and water treatment. GSE Systems
is headquartered in Columbia, Maryland with offices in Georgia, Louisiana,
Maryland, North Carolina, Pennsylvania, and Texas, and its global locations
include offices in Belgium, Japan, Korea, Singapore, Sweden, and Taiwan.
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, 1997 as
filed with the Securities and Exchange Commission.
SOURCE GSE Systems, Inc.
 back to top
Related links:
http://www.gses.com
CONTACT:
Chris Carnavos, President of GSE Systems,
410-772-3600; or Doug DeLieto, general, or Marty Gitlin, media,
both 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 GSES.
|
