COLUMBIA, Md., May 8 /PRNewswire/ -- GSE Systems, Inc. (Nasdaq-NNM: GSES),
a leading global provider of integrated enterprise software and information
solutions to the energy,  process and manufacturing industries,  today
announced the receipt of several recent contract awards with a cumulative
total value exceeding $7 million.
    GSE  Systems received awards in the Process and Oil & Gas industries,  two
of the Company's primary  target  markets.  Following are further details
about the contracts, as well as information about the Company's primary
differentiators:

    Process Industries Awards.  The Company provides process control and
    automation solutions to the Process industries,  including  the  Specialty
    Chemical, Food & Beverage, and Pharmaceuticals industries. Its flagship
    product,  D/3 DCS, is a distributed control system that helps manage plant
    floor operations.  GSE Systems' other Process industries products include
    SimSuite Pro, an integrated simulation solution for use with D/3  DCS  and
    other similar systems, and FlexBatch, a recipe management system also used
    in conjunction with D/3  DCS.   The Company has received significant
    orders in the Process industries area from the following customers:

    Westinghouse Savannah River Company manufacturers nuclear material for the
    Federal Government.  GSE Systems recently received three contracts
    totaling $5.8 million for the Company's D/3 DCS control system.  Of these
    awards, $2.1 million of revenue was recognized in the first quarter and
    the balance of revenue is scheduled to be recognized throughout the
    remainder of 1997. The Company's previous 1996 earnings adjustment related
    to the delay in government approval of one of these contracts.

    An undisclosed international manufacturer of specialty chemicals recently
    awarded GSE Systems a contract to replace and upgrade their control
    system.  This contract award exceeded $1 million and the system is planned
    for delivery during the second quarter of 1997.

    "We're exceptionally pleased by these awards," said Chris Carnavos,
    Senior Vice President.   "We've been working extensively with Westinghouse
    Savannah River and it's gratifying that our efforts resulted in these
    significant awards.  We're also very happy that we had the depth of
    resources to rapidly assist another valued customer get up and running in
    such a short period of time."

    Oil & Gas Industry Award.  The Company provides supervisory control data
    acquisition, and simulation solutions for the Oil & Gas industry.  Its
    primary product solution is "Full  Scope"  SCADA, a recently announced
    Windows NT-based system that provides integrated SCADA and simulation
    solutions.  The Company has received its first major order for this
    new system from the following Local Distribution Company (LDC):

    Centra Gas Manitoba, Inc., headquartered in Winnipeg, Canada is the
    largest local gas distribution company in the province of Manitoba.
    Following an extensive review of SCADA  vendors and products, Centra Gas
    awarded a $450,000  contract  to GSE Systems for its "Full Scope" SCADA
    product.

    "We are excited about the opportunity to provide an integrated solution
     for Centra Gas,"  stated Carnavos. "We're convinced that our new Windows
     NT-based platform, which boasts integrated operations, modeling, and
     business systems information,  reflects the way the industry is going
     and we're very pleased to have our strategy validated so early in the
     market cycle."

    In another development, the Company announced that David E. Jeremiah
(Admiral, USN - Ret.) has decided not to run for re-election to the Board when
his term expires at the upcoming shareholders  meeting.  Jeremiah, who has
been a Director since August 1995, cited personal reasons for his decision.
Jeremiah was instrumental in establishing the management committee which is
running the Company's day-to-day operations while the search for a new CEO
continues.  Jerome I. Feldman,  Chairman of the Board,  will direct the
management  committee until a new CEO is named.  George J. Pedersen will
assist in his capacity as the Chairman of the Executive Committee.
    "On  behalf of our stockholders, I want to thank the Admiral for his
services as a Director during the past two years," said Feldman.  "He has been
instrumental in guiding the Company  through  its  formative  years  and,
recently, in implementing the management committee."
    GSE Systems designs, develops and delivers business and technology
solutions by applying  process  control,  data acquisition, simulation,
client/server and business software, systems and services to the energy,
process and manufacturing industries worldwide.   GSE  Systems  is  the
world's leading supplier of power plant simulators.
    The Company's products are used in over 700 applications, representing
over  250 customers in 30 countries, in the following  industries: specialty
chemical, food & beverage, petroleum refining, oil & gas, pharmaceutical,
fossil and nuclear power generation, metals, electrical  distribution
and  water  treatment.  GSE Systems is headquartered in Columbia, Maryland
with offices in Augusta, GA, Baton Rouge, LA,  Houston,  TX, Phoenix, AZ,
Pittsburgh,  PA,  Salt  Lake City,  UT and Shelby, NC, and its global
operations include offices in Belgium, Japan, Korea, Singapore,  Sweden,  and
Taiwan.
    This news release contains forward-looking statements that involve risks
and uncertainties.  The actual results of GSE Systems may differ materially
due to a number of factors, including but not limited to delays in the
introductions of products  or  enhancements, size and  timing of individual
orders, rapid technology changes, market acceptance of new products, and
competition.  These and other factors are more fully discussed in the
Company's annual report on Form 10K.
    To receive additional information on GSE Systems, Inc., via fax at no
charge, dial 1-800-PRO-INFO and enter #178 or ticker symbol GSES.

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