SYKESVILLE, Md. –
GSE Systems, Inc. (“GSE” or “the Company”) (NYSE MKT:GVP), the
world leader in real-time high-fidelity simulation systems and training
solutions to the power and process industries, today announced that it
was recognized for outstanding work on projects by Bechtel’s Nuclear,
Security & Environmental global business unit (NS&E) at the Bechtel
Supply Chain Recognition awards. The awards recognize subcontractors and
suppliers who supported Bechtel’s work in nuclear power, environmental
clean-up, defense, and nuclear security and operations projects during
2015.
The award was presented to GSE’s Chris Sorrells, Interim Chief Operating
Officer, and Jay Umholtz, Vice President – Government Solutions, by
Bechtel NS&E senior executives at a ceremony held on April 11, 2016 at
the Hyatt Regency Hotel in Reston, Virginia.
“The support of our subcontractors, suppliers, and vendors is critical
to the work we do. They are an essential part of our team and perform
difficult work in challenging environments,” said Barbara Rusinko,
president of Bechtel’s government services company. “These awards
recognize those who met our high standards for quality and who went
above and beyond for mission delivery.”
Chris Sorrells said, “GSE is proud to have been recognized by one of our
longstanding clients, Bechtel National, and we are pleased that we are
contributing in a meaningful way to their success on a high-visibility
project. This award from one of the world’s most respected global
engineering companies further validates the quality and value of GSE’s
training and simulation solutions. I thank our dedicated team for their
continued hard work, focus on excellence, and emphasis on customer
satisfaction.”
GSE is manufacturing a Low-Activity Waste processing plant control room
simulator for Bechtel NS&E at the U.S. Department of Energy’s Hanford
site. The simulator will be used to train plant operations personnel in
the safe operation of the plant.
Companies were evaluated on multiple factors. They include: overall
performance; the ability to deliver quality services/supplies on time;
the ability to work collaboratively to meet milestones; and meeting or
exceeding project expectations in aspects of safety, construction
performance, technical expertise, and environmental compliance.
Nominations were reviewed and approved by Bechtel procurement and
project managers. Final recommendations were approved by senior
leadership.
ABOUT GSE SYSTEMS, INC.
GSE Systems, Inc. is a world leader in real-time high-fidelity
simulation, providing a wide range of simulation, training and
engineering solutions to the power and process industries. Its
comprehensive and modular solutions help customers achieve performance
excellence in design, training and operations. GSE’s products and
services are tailored to meet specific client requirements such as
scope, budget and timeline. The Company has over four decades of
experience, more than 1,100 installations, and hundreds of customers in
over 50 countries spanning the globe. GSE Systems is headquartered in
Sykesville (Baltimore), Maryland, with offices in St. Marys, Georgia;
Chennai, India; Nyköping, Sweden; Stockton-on-Tees, UK; and Beijing,
China. Information about GSE Systems is available at www.gses.com.
ABOUT BECHTEL
Bechtel is one of the most respected global engineering, construction
and project management companies. Together with our customers, we
deliver landmark projects that foster long-term progress and economic
growth. Since 1898, we’ve completed more than 25,000 extraordinary
projects across 160 countries on all seven continents. We operate
through four global businesses: Infrastructure; Nuclear, Security &
Environmental; Oil, Gas & Chemicals; and Mining & Metals. Our company
and our culture are built on more than a century of leadership and a
relentless adherence to our values, the core of which are safety,
quality, ethics, and integrity. These values are what we believe, what
we expect, what we deliver, and what we live. www.bechtel.com
FORWARD LOOKING STATEMENTS
We make statements in this press release that are considered
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934. These statements reflect our current expectations
concerning future events and results. We use words such as “expect,”
“intend,” “believe,” “may,” “will,” “should,” “could,” “anticipates,”
and similar expressions to identify forward-looking statements, but
their absence does not mean a statement is not forward-looking. These
statements are not guarantees of our future performance and are subject
to risks, uncertainties, and other important factors that could cause
our actual performance or achievements to be materially different from
those we project. For a full discussion of these risks, uncertainties,
and factors, we encourage you to read our documents on file with the
Securities and Exchange Commission, including those set forth in our
periodic reports under the forward-looking statements and risk factors
sections. We do not intend to update or revise any forward-looking
statements, whether as a result of new information, future events, or
otherwise.
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GSE Systems, Inc.
Chris Sorrells, 410-970-7802
Interim
Chief Operating Officer
or
The Equity Group Inc.
Devin
Sullivan, 212-836-9608
Senior Vice President
dsullivan@equityny.com
or
Kalle
Ahl, CFA, 212-836-9614
Senior Associate
kahl@equityny.com