COLUMBIA, MD – March 30, 2020 – GSE Systems, Inc. (GSE Solutions or GSE) (Nasdaq: GVP) a leader in delivering and supporting end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced a strategic collaboration with ABB Bailey Japan to jointly develop high-fidelity operation training simulators with ABB Bailey’s industry-leading distributed control systems (DCS) for the Japanese thermal market.
The collaboration combines GSE’s highly specialized control room simulators, plant simulators, and thermal operator procedures with ABB’s capability in control systems, computer-based procedures, and decision support. Together GSE and ABB have decades of expertise and a record of developing leading technologies for power plant operators to greatly improve safety and efficiency through simulation. Simulation also allows verification and validation of engineering modifications for a holistic view of integrated plant operation. Operators can use GSE’s simulation technology to evaluate control strategies, procedure effectiveness, data integrity, and control system implementation.
The companies will jointly develop projects in Japan, where ABB Bailey Japan serves a significant portion of the DCS market. An industry-wide push for efficiency in power generation provides an opportune environment for collaborative offerings, as does a long-standing focus on enhanced safety in the thermal power generation market.
Tatsuya Noguchi, President and Chief Executive Officer of ABB Bailey Japan, said, “Data driven plant operations are becoming more and more critical for industry to ensure efficiency, reliability and production optimization as well as to help plan for unforeseen circumstances. Working with GSE to deliver new tools, which support customers on their digital journey, such as these high-fidelity simulators can only serve to improve safety, ensure sustainability and deliver smarter operations moving forward.”
“We are excited to join forces with ABB Bailey and offer safety-enhancing, efficiency-gaining simulators for thermal plant operations,” said Kyle Loudermilk, President and CEO of GSE Solutions. “This partnership leverages the best of both companies to reduce risk and optimize plant operations.”