Elkridge, MD. April 14, 2009 – Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE: GPX), announced today that it has been awarded a $2.8 million contract to design and construct a liquefied natural gas (LNG) and liquefied to compressed natural gas (LCNG) fueling station for the City of Commerce, California. This facility is intended to fuel the City’s transit fleet, BNSF Railway tractors and vehicles from other private and municipal fleets, and to help achieve the City’s goal of reducing air pollution in the City and surrounding communities.
GP is teaming with Chart Industries (NASDAQ: GTLS) and Cryostar, a member of The Linde Group (FWB: LIN.DE), for this project. The project includes the design and construction of all site improvements in addition to procuring and installing one 15,000 gallon LNG storage vessel, one LNG dispenser, and one CNG dispenser. Site improvements for this project include foundation and underground utilities for a second 15,000 gallon LNG storage vessel and a second LNG dispenser.
GP recently announced Alternative Energy project awards totaling over $16 million. This award brings the total of Alternative Energy fueling station contract awards during the past six months to approximately $19 million.
About GP
GP is the principal operating subsidiary of GP Strategies Corporation (NYSE: GPX). GP is a global performance improvement solutions provider of sales and technical training, e-Learning solutions, management consulting and engineering services. GP’s solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at www.gpworldwide.com.
About Chart Industries
Chart Industries, Inc. (Nasdaq:GTLS) is a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases. The majority of Chart’s products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end-use applications, the largest portion of which are energy-related. Chart has domestic operations located in seven states and an international presence in Australia, China, the Czech Republic, Germany and the United Kingdom.
About Cryostar
Cryostar, founded in 1966 is a pioneer in the design and manufacture of cryogenic equipment. First producing pumps for industrial gas applications, then turbines used in air separation units. Progressively, Cryostar entered other business markets providing compressors and heat exchangers for use on LNG ships, turbines for hydrocarbon applications, and turboexpander-generators for clean energy projects. From an equipment manufacturer, Cryostar has also developed their expertise for processes in the field of industrial gases, LNG and clean energy. Today, Cryostar employs over 500 people with a sales volume of over $200 million to all continents worldwide. Further information about Cryostar offer to the World of Industrial and Natural Gases can be found on www.cryostar.com.
Contacts:
Scott N. Greenberg
Chief Executive Officer
(410) 379-3640
Sharon Esposito-Mayer
Chief Financial Officer
(410) 379-3636
Jamie Coffey
Director, Communications
(443) 255-3400