COLUMBIA, Md., Aug. 14,
2023 /PRNewswire/ -- GSE Solutions ("GSE
Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced
engineering and workforce solutions that supports the future of
clean-energy production and decarbonization initiatives for the
nuclear power industry, today announced two major innovative
simulation solution wins valued in excess of $4 million.
These recent awards reinforce the importance of high-fidelity
simulation systems in the nuclear industry, proving that GSE's
technology and services continue to be used beyond traditional
training needs as digital upgrades and systems are integrated into
the nuclear fleet. These customers recognize the significant
benefits of expanding traditional high-fidelity modeling to help
improve engineering functions and operations.
GSE's Systems & Simulation group has provided training
simulators and educational solutions to the nuclear industry for
over five decades, with over 1,100 installations and hundreds of
customers in over 50 countries. The recent awards include:
- $2.5M to upgrade and integrate
plant simulation models for a large, advanced reactor to reflect
final "as built" designs. GSE has been part of this customer's
integration team and simulation platform since 2008. This win is an
extension of that award.
- A $1.5M award to qualify and
deliver a software-based reactor coolant system to support
thermohydraulic models for a large international power industry
supplier. This is a significant advancement in GSE's
proprietary JADE JTopMeret simulation technology to help study a
plant's hydraulic flow in thermal fluids. These models will help
customers reduce costs and maintain peak safety operations.
"These recent wins demonstrate the ongoing essential nature of
simulation technology for the world's nuclear power fleet," said
Kyle Loudermilk, President and CEO,
GSE Solutions. "These awards are a testament to the critical
importance of nuclear power and the future of nuclear power
generation applied technology. In addition to providing training
systems to the industry, simulation systems help customers
understand how to ensure safe and cost-efficient operations of
their nuclear power plants to meet national zero-carbon power
generation goals to address global challenges."
ABOUT GSE SOLUTIONS
Proven by more than 50 years of experience in the nuclear power
industry, GSE knows what it takes to help customers deliver
carbon-free electricity safely and reliably. Today, GSE Solutions
leverages top talent, expertise, and technology to help energy
facilities achieve next-level power plant performance. GSE's
advanced Engineering and Workforce Solutions divisions offer highly
specialized training, engineering design, program compliance,
simulation, and technical staffing that reduce risk and optimize
plant operations. GSE delivers operational excellence with over
1,100 installations and hundreds of customers in over 50 countries.
www.gses.com
Media Contact
Sunny
DeMattio
GSE Solutions
Director of Marketing & Communications
sunny.demattio@gses.com
Direct: +1 410.970.7931
Investor Contact
Adam
Lowensteiner
Vice President
Lytham Partners
gvp@lythampartners.com
Direct: +1 646.829.9702
View original content to download
multimedia:https://www.prnewswire.com/news-releases/gse-wins-recent-simulation-awards-worth-4-million-301899399.html
SOURCE GSE Systems, Inc.