COLUMBIA, Md., Oct. 18 /PRNewswire/ -- GSE Systems, Inc. (GSE)
(Amex: GVP), a leading global provider of real-time simulation and process
control solutions for the energy and process industries, today announced over
100 customers from 42 companies in 10 counties attended its annual Power
Simulation User's Conference in Orlando, Florida (ref: http://www.SimWorld2001.com ).
At this recently held conference, GSE demonstrated new products and presented
future trends for power plant simulation technology in both the nuclear and
fossil industries. Customers presented real world examples of how GSE
software tools and simulation systems have contributed to improving their
efficiency, provided unique training solutions, and validated plant changes.
A number of customers described projects in which their power plants were
changing from a panel board control room to a computer-based distributed
control system (DCS). One plant tested the new DCS by integrating it with the
full-scope simulator previously developed by GSE. This allowed the plant and
DCS vendor to stimulate and test control logic in a "plant environment,"
uncovering mistakes that could have delayed the start-up or produced
operational difficulties in the real plant. After the DCS is implemented in
the control room, the simulator would then be reconfigured to reflect the new
control room conditions to ensure effective operator training.
Hal Paris, GSE's Senior Vice President for the Power Business Unit, said,
"We appreciate the effort our customers made to travel during these tough
times. Our customers displayed enthusiasm for the new technology we are
developing which will make their simulators more robust, easier to use, and
beneficial to users across the entire plant organization. Their willingness
to participate in the conference speaks to their dedication to improving plant
performance through simulation."
Mr. Paris added: "We know that as nuclear plants in the US and abroad
extend their useful life, new technology will be introduced in the control
room, requiring corresponding upgrades to both the industries installed base
of simulators, and operator training programs. The conference showed how GSE
has the experience in nuclear simulator modification projects and DCS based
fossil power simulators to guarantee success in this transition."
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.
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., +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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