GSE Systems Announces Renewal of Specialty Engineer of Choice Contract for Additional Three Years

COLUMBIA, MD – December 9, 2019 – GSE Systems, Inc. (“GSE” or “the Company”) (Nasdaq: GVP), a leader in delivering end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that a major US nuclear utility has renewed GSE TrueNorth’s contract to serve as Specialty Engineer of Choice (SEOC) preferred provider for engineering programs and thermal performance for another three-year term.

GSE TrueNorth, part of the GSE Solutions group, specializes in plant thermal performance and engineering programs to optimize plant performance and safety. This SEOC agreement renewal provides GSE TrueNorth priority to support the client’s engineering programs and other specialty services and products on an as needed basis.

As part of the renewal process this major utility reduced the overall number of suppliers to maximize and leverage supplier partner usage and benefits. GSE TrueNorth is well positioned to serve customers in this manner, having demonstrated significant support for utility optimization and cost reduction goals.  GSE TrueNorth also has partnered with this client on numerous other projects, such as fleet-wide ten-year In-Service Inspection (ISI) and In-Service Testing (IST) updates and implementation of thermal performance Data Validation & Reconciliation (DVR) support, currently in process.

“This SEOC renewal serves as a continued vote of confidence from a major client,” said Kyle Loudermilk, president and chief executive officer of GSE Solutions. “It is further proof that the GSE solutions group delivers and supports end-to-end solutions that streamline and standardize operations and achieve optimized plant performance for major players in the energy industry.”