Elkridge, MD. December 18, 2007. Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE: GPX), recently completed the construction of two demonstration hydrogen fueling stations designed by GP for Chevron Technology Ventures (CTV), a division of Chevron U.S.A. The first station was constructed at the Selfridge Air National Guard Base (SANGB) in Macomb County, Michigan and the second station was constructed at the Progress Energy Facility located near the Orlando International Airport in Florida.
The Michigan facility, part of the U.S. Department of Energy (DOE) Controlled Hydrogen Fleet and Infrastructure Demonstration and Validation Program, will fuel a fleet of light-duty fuel cell vehicles. This station is one of the first where hydrogen technology is being demonstrated in a cold climate.
The Florida hydrogen demonstration station will fuel a fleet of shuttle buses powered by internal combustion engines and used to transport employees around the Orlando International Airport and the Orange County Convention Center.
GP constructed hydrogen production and storage buildings, fuel islands, asphalt paving, new utility service, and electrical/control rooms. GP also installed hydrogen generation, storage, and dispensing equipment provided by CTTV.
GP Strategies, whose principal operating subsidiary is General Physics Corporation, is a NYSE listed company (GPX). GP is a global provider of training, e-Learning solutions, management consulting and engineering services. Through its Sandy Corporation and Via Training divisions, GP provides custom sales training 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 about GP Strategies may be found at www.gpstrategies.com and about General Physics Corporation at www.gpworldwide.com.
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. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Scott N. Greenberg
Chief Executive Officer
Chief Financial Officer