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GSE Signs $7.5 Million Nuclear Simulation Contracts

Source: www.gulfoilandgas.com 4/2/2012, Location: Asia

GSE Systems, Inc. (GSE), a global energy services solutions provider, announced separate contracts with two Chinese nuclear engineering companies to deliver engineering simulation solutions that provide a Verification and Validation (V&V) platform of Instrumentation and Control (I&C) systems for new third generation nuclear plants being built in China. The combined value of these contracts is $7.5 million. Work commenced on these projects in March 2012 and is expected to be completed over the next three years.

Jim Eberle, Chief Executive Officer of GSE, commented, “These are significant contracts won by GSE in the area of applying high fidelity simulation technologies for Design and V&V of the new generation of intrinsically safe nuclear power plant designs. We are very pleased with both the growth of our engineering simulation solutions and the recognition of our high fidelity simulation modeling in China’s energy market.

Mr. Eberle concluded, “GSE’s simulation technology allows customers to verify and validate systems and processes at the design stage, when changes can be made more easily and less expensively than during plant construction. We believe that the evolution of our high-fidelity, platform simulation technology into an engineering-stage solution will continue, driven by the world’s increasing demands for power and cost-effective design and construction solutions.

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