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
is set to join the Russell Microcap® Index at the conclusion of the
Russell US Indexes annual reconstitution, effective after the US market
opens on June 27, according to a preliminary list of additions posted on
June 10, 2016.
Membership in the Russell Microcap® Index, which remains in place for
one year, means automatic inclusion in the appropriate growth and value
style indexes. FTSE Russell determines membership for its Russell
indexes by objective, market-capitalization rankings and style
attributes.
Kyle J. Loudermilk, Chief Executive Officer and President of GSE, said,
“Inclusion in the Russell Microcap® Index is a notable milestone for GSE
and reflects our recent operational improvements, strengthened
leadership team, and new business wins. We believe our membership in
this index will raise GSE’s profile among members of the financial
community and bolster share liquidity as we continue to execute on our
growth strategy.”
Indexes provided by FTSE Russell, a leading global index provider, are
widely used by investment managers and institutional investors for index
funds and as benchmarks for active investment strategies. Approximately
$6 trillion in assets are benchmarked against the Russell US Indexes.
For more information on the Russell Microcap® Index and the Russell US
Indexes reconstitution, go to the “Russell Reconstitution” section on
the FTSE
Russell website.
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 FTSE RUSSELL
FTSE Russell is a global index leader and data provider that provides
innovative benchmarking, analytics and data solutions for investors
worldwide. FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries, covering
98% of the investable market globally.
FTSE Russell index expertise and products are used extensively by
institutional and retail investors globally. Approximately $10 trillion
is currently benchmarked to FTSE Russell indexes. For over 30 years,
leading asset owners, asset managers, ETF providers and investment banks
have chosen FTSE Russell indexes to benchmark their investment
performance and create ETFs, structured products and index-based
derivatives.
A core set of universal principles guides FTSE Russell index design and
management: a transparent rules-based methodology is informed by
independent committees of leading market participants. FTSE Russell is
focused on applying the highest industry standards in index design and
governance, and embraces the IOSCO principles. FTSE Russell is also
focused on index innovation and client collaboration as it seeks to
enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For more
information, visit www.ftserussell.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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160616006484/en/
Company Contact
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