GSE Systems’ Simulation Platform to Be Used in Nuclear Research and Education
September 26 2017 - 9:20AM
Business Wire
GSE Systems, Inc. (GSE or the Company) (NYSE American:
GVP), the world leader in real-time high-fidelity simulation
systems and training/consulting solutions to the power and process
industries, today announced that it has sold technology licenses
for GSE’s Generic Pressurized Water Reactor (GPWR™) simulation
platform to two nuclear research institutions located in the United
States. New licensees include a non-profit industry research
organization and the nuclear engineering department at one of
America’s oldest research universities.
GSE’s GPWR simulation platform is configured to represent a
fully functional nuclear power plant. The platform is a
high-fidelity digital twin of an operational pressurized water
reactor nuclear plant in the United States. The fidelity and
accuracy of the models allow the licensee to repeat real-time
operation of a simulated plant and supports a platform for research
in the form of verification and validation of new operating
schemes, designs, and controls. Originally deployed as a training
tool leveraging GSE technology to replicate with high accuracy and
fidelity an actual nuclear plant, the GPWR simulation platform is
now a staple for nuclear operational research with a total of 20
organizations licensing the product, including major universities
and national laboratories.
Educational institutions use GSE’s GPWR for a variety of
activities including advanced education in nuclear, mechanical,
electrical and instrumentation and controls engineering. The
platform provides a detailed analysis of nuclear plant phenomena as
well as a realistic laboratory environment to reinforce concepts
discussed in the classroom. As noted in GSE’s recent press release
on the GAIN voucher, other institutions are using the GPWR for
human factors engineering to improve situational awareness and
operator effectiveness in the control rooms of the future. GSE
recently held its second GPWR User Conference to provide a forum
for these institutions to share innovative uses for the simulation
platform.
“The fidelity of the model-based engineering and graphics
combined with one of the world’s first industrial gaming engine
applications is allowing academia and researchers to learn and
experiment in new, more efficient ways. We are pleased to be adding
two new institutions to the user family, which includes over a
dozen major universities and National Laboratories conducting
research across a broad spectrum of performance and design areas
from cyber security preparedness to human factors engineering and
procedure validation,” said Sean Fuller, SVP Sales &
Technology.
Kyle Loudermilk, GSE’s President and Chief Executive Officer,
said, “We are honored that national and international academia and
nuclear institutions recognize GSE’s GPWR simulation platform as a
valuable solution to conduct and advance their nuclear related
research. This is a further validation of the value our customers
can realize through licensing and utilizing our unique technology
platform.”
ABOUT GSE SYSTEMS,
INC.
GSE Systems, Inc. is a world leader in real-time high-fidelity
simulation, providing a wide range of simulation, training,
consulting 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 Huntsville, Alabama; Chennai, India; Nyk�ping, Sweden;
Stockton-on-Tees, UK; and Beijing, China. Information about GSE
Systems is available at www.gses.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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version on businesswire.com: http://www.businesswire.com/news/home/20170926006068/en/
CompanyGSE Systems, Inc.Chris Sorrells, 410-970-7802Chief
Operating OfficerorThe Equity Group Inc.Kalle Ahl, CFA,
212-836-9614kahl@equityny.comorDevin
Sullivan, 212-836-9608dsullivan@equityny.com
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