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 a new cloud-based training platform,
EnVision™ Learning On-Demand, that significantly extends the
capabilities of its industry leading EnVision™ tutorials and
simulations.
GSE has released this next-generation learning product in
response to the industry’s need for a structured learning program
with broader and easier access to learning materials and the
capability for either self-paced or instructor-led learning.
EnVision Learning On-Demand greatly enhances customers’ workforce
development programs. Clients can now bring engaging learning
environments remotely to their professionals in operations and
engineering so long as they have a web browser and internet
connectivity.
The new cloud delivery platform increases client access to
learning while reducing the cost of delivering content-rich
training to anyone in the organization. EnVision Learning On-Demand
offers a simple way to deliver courses with specific learning
objectives and competencies, in a SaaS model, and in the cloud.
Benefits include:
- Enhanced Accessibility -Enables access
via web browser from any location, eliminating the need for local
installation
- Improved Integration -Facilitates
integration with existing customer Learning Management Systems and
provides a mechanism for blending learning content and
skill-building exercises focused on competency outcomes
- Enriched Content -Provides extensive,
structured simulation exercises to reinforce learning and to assess
comprehension and competency
The new cloud delivery platform has been well received by
current EnVision users.
GSE recently launched an Early Adopter Program (EAP) for
EnVision Learning On-Demand to gather feedback from key users of
the product. Training program managers for an existing client, a
large international oil and gas company, see the new system’s
structured learning approach fitting well into their internal
training program, primarily addressing fundamental training before
classroom instruction. With EnVision Learning On-Demand, the client
can better prepare trainees for intermediate and advanced unit
specific training.
“We recognized our clients’ desire to purchase their training as
a cloud-based SaaS model,” explained GSE’s Chief Executive Officer,
Kyle Loudermilk. “This new platform will help our customers achieve
their training objectives in a more focused and cost-effective
manner while increasing access and unburdening their IT
departments.”
The cloud-based SaaS platform reduces the need for IT support,
installing, tracking and controlling multiple versions of
software.
Dr. Bahram Meyssami, GSE’s Chief Technology Officer said, “The
learning platform offered through a SaaS model in the cloud enables
our customers to modernize their training programs, taking
advantage of the extensive GSE EnVision™ library of tutorials,
simulation models, and structured simulation exercises delivered
through a web browser. The EnVision™ Learning On-Demand platform
improves trainee access to a broad range of learning content, while
offering a well-designed learning plan focused on successful
outcomes.”
More information on the new EnVision cloud-based delivery
platform can be found on the Company’s website at:
www.gses.com/envision-on-demand.
About EnVision™ E-Learning &
Universal Simulations
For more than 20 years GSE’s EnVision™ products have provided
content-rich tutorials and simulation modules that apply to the
entire range of employees, from new hire to the most experienced
operators. EnVision E-Learning tutorials are an important part of
the blended learning approach embodied in the EnVision training
model. The power behind EnVision is engaging multi-media
functionality that makes learning interesting. Self-paced tutorials
teach fundamentals of various unit operations and process controls
so that trainees can acquire the basic knowledge they need to
progress to more process-specific instruction. Learning management
software enables instructors to control the process, register
trainees, review test scores, and monitor their overall
performance.
EnVision™ Universal Simulators provide 80% of the required
operational knowledge trainees need at about 20% of the cost of a
custom operations training solution (OTS). This efficiency results
from the fact that the system configurations of EnVision universal
simulators are typical unit operations – not an exact plant.
Customers gain the same high-fidelity response as a custom OTS
without the high cost of providing custom simulation solutions for
each and every one of their units.
Combining universal simulator applications with e-learning
tutorials enables students to immediately practice and apply what
they have learned for better comprehension and knowledge
retention.
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 Navarre, Florida; 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/20171205006375/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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