GSE Systems Secures Agreement with Major LPG Supplier to Perform Engineering Services at UK Sites

Dec 16, 2014 | 2014, News

SYKESVILLE, Md. – December 16, 2014 – Global energy services solutions provider GSE Systems, Inc. (NYSE MKT: GVP) (“GSE”) has signed a three-year agreement with a major liquid petroleum gas (LPG) supplier to perform electrical engineering as well as instrumentation, control and automation (IC&A) services to all of the client’s UK sites.  GSE’s combined services will help improve plant safety and reduce the operational risks associated with large-scale storage and filling of LPG.

Under the agreement, GSE’s services to the customer include, but are not limited to:

  • Feasibility, front-end engineering design (FEED), preliminary design and sanction grade estimates
  • Detailed electrical design
  • Network simulation and analysis
  • Arc flash calculations and risk assessment
  • Electrical safety management
  • Detailed site survey, technical data gathering and design, including configuration, calculations, drawings schedules and specifications
  • Procurement, installation and commissioning of IC&A systems
  • Safety instrumented systems (SIS) design and verification including gas, fire and security

“GSE has a proven track record of de-risking projects that help some of the largest organizations in the world maintain and operate their facilities,” said Simon Nicholson, VP sales Europe, GSE.  “Our breadth of relevant experience ensures that our client will receive the highest quality engineering services so that it can operate its facilities safely and profitably for many years to come.”

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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