Achilles Link-Up Membership Fortifies GSE Systems’ Supplier Power for the UK Transport Industry

Dec 4, 2013 | 2013, News

SYKESVILLE, Md. – December 4, 2013 – Global energy services solutions provider GSE Systems, Inc. (NYSE MKT: GVP) has successfully achieved Approved Supplier Status from one of the UK’s most recognised procurement and supply chain management services for the UK rail industry, Achilles Link-Up.

Achilles identifies, qualifies, evaluates and monitors suppliers so buyers for the world’s largest corporations can develop long-term, mutually-beneficial relationships with reliable, qualified suppliers across the globe. Achilles Link-Up supports the UK rail industry, and aims to match the UK’s 115 rail buyers with services provided by 3,500 approved suppliers. Achilles Link-Up is governed by a RISQS (Rail Industry Supplier Qualification Scheme) Board comprised of cross-industry representation, and the RISQS Board members contribute to the development of the service.

Following an intensive two-day audit at GSE’s Stockton premises in the UK, the company has successfully demonstrated alignment with the requirements of the Achilles Link-Up Core Audit, as well as fulfilling the requirements of specific product codes – which include expert electrical engineering design, specialist HV and LV electrical engineering consultancy and project management services. The Core Audit measures suppliers’ standards against best practice in a number of key areas, including Financial & Legal, Quality, Health & Safety, Environmental, Professional & Technical, Insurance, Product and Services.

UK Operations Director, Paul Welford, was directly involved in the audit process and commented, “We are delighted to have our services verified by Achilles Link-Up. This accreditation acknowledges our commitment to exceptionally high standards in our engineering operations, and will allow our company to extend the specialist engineering services we offer to clients throughout the railway sector. GSE has delivered electrical engineering design and arc flash analysis to the rail industry and this Link-Up approval provides the vehicle for considerable expansion within this market.”

The company’s recent audit success follows a very successful start to 2013. The company has also recently passed the ISO:9001 2008 Quality Management System audit in June, and were awarded approved supplier status by Achilles’ Utilities Vendor Database (UVDB) in July.

About GSE Systems, Inc.

GSE 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 Huntsville, Alabama; Chennai, India; Nyköping, Sweden; Stockton-on-Tees, UK; Glasgow, UK; and Beijing, China. 

 

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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