GSE Systems Appoints Bahram Meyssami as Chief Technology Officer

Dec 1, 2015 | 2015, News

SYKESVILLE, Md. – December 1, 2015 – GSE Systems, Inc. (“GSE” or “the Company”) (NYSE MKT: GVP), the global energy industry performance improvement company, today announced the appointment of Dr. Bahram Meyssami as Chief Technology Officer. Dr. Meyssami brings to GSE more than 25 years of experience in complex enterprise-level software development and delivery for engineering, education and analytics.

Dr. Meyssami joins GSE from the Office of Analytics of the University of Maryland University College, a globally-focused university that primarily provides online education for working adults and the military worldwide. He served as the Senior Director of Data Analysis, providing business intelligence and analytics services to support organizational performance improvements. Previously, he served as the Director of Software Development, Technology at Datatel, Inc., a leading provider of software and services for streamlining enterprise resource planning, learning management and systems of record for higher-education. From 2005 to 2010, he held the role of VP of Technology at BDMetrics, Inc., an on-demand SaaS-based software company providing event-CRM and business intelligence applications for the world’s largest industry associations. Dr. Meyssami ran globally-distributed engineering, R&D, QA, MIS and data center operations to deliver a high-availability and high-performance software platform in multiple languages.

From 2000 to 2005, Dr. Meyssami served as the Director of Integrated Engineering and Software Technology Development at Aspen Technology, Inc. (“AspenTech”), a publicly-traded provider of enterprise-level software and services that enable energy and chemical companies to optimize their manufacturing operations performance. He led multiple development teams distributed internationally for AspenTech’s product suite that included front-end engineering design, simulation and engineering workflow tools and economic evaluation. He began his career at ICARUS Corporation, a market leader in providing economic simulation decision-making tools used by the process industries, from 1990 through its successful acquisition by AspenTech in 2000. Dr. Meyssami served in multiple roles at ICARUS Corporation, including VP of Product Development and Director of Process Technology.

Dr. Meyssami earned BS, MS, and PhD degrees in Chemical Engineering from the University of Maryland College Park, where his research focused on dynamic simulation and modeling utilizing artificial intelligence and graphics technologies.

Kyle J. Loudermilk, Chief Executive Officer and President of GSE, said, “On behalf of GSE, I am delighted to welcome Bahram as our new CTO. He brings extensive experience in developing state-of-the-art software technology and in growing effective technology teams focused on delivery of customer-aligned value. Bahram brings broad software technology management experience in key technology areas that fit our vision of growth for GSE, specifically industrial process simulation, enterprise resource planning, and analytics, all of which will serve our blue-chip customer base well. His deep track record of success in delivering industrial technology to the marketplace adds tremendous value to GSE’s growth plan. Bahram will serve as a key member of our team as we transform our business model.”

Interim Chief Operating Officer, Christopher D. Sorrells, said, “Since joining GSE, Kyle and I have focused on the enhancement of our senior leadership team in order to accelerate implementation of industry best practices and our long term growth plan. Bahram is an outstanding addition to GSE’s team and worked closely with Kyle in the past, which resulted in a great outcome for employees, customers, and shareholders. Given Bahram’s prior experience in creating new software solutions, we are excited to support him as he focuses our research and development and product management efforts on commercializing technology for our customers that adds greater value, in an easier-to-use fashion, than existing alternatives. Bahram’s addition is a key step in GSE’s ongoing growth.”

Dr. Meyssami commented, “I am very excited to join GSE and build upon its proven technology in the energy and process industries. I look forward to working with our talented team to create more value for our customers, continuing GSE’s tradition of being the trusted partner for performance improvement solutions.”

 

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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