Elkridge, MD. December 18, 2008. Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE:GPX), announced that it has expanded its industry-leading performance and condition monitoring technologies, EtaPRO™ and VirtualPlant™, for use in nuclear power plants. Installed on more than 500 non-nuclear power plants world-wide, GP’s performance and condition monitoring technologies are industry-leading tools to help power plants to increase thermal efficiency and capacity, and reduce carbon emissions.
“GP traces its roots to the commercial nuclear power industry and we are excited about applying our proprietary monitoring technologies to help our nuclear customers achieve their performance goals for availability, capacity, and efficiency,” said Jeff Klein, Vice President of GP’s Nuclear Services. “With the latest release of EtaPRO™ and VirtualPlant™, we now have in place the tools necessary for monitoring and modeling nuclear steam cycles in a modern software platform that leverages a plant’s existing infrastructure.”
GP’s EtaPRO is used in power plants to monitor, detect, trend, analyze, report and diagnose equipment and overall plant performance. EtaPRO’s VirtualPlant thermo-economic modeling software is used for validating process measurements and thermal output, diagnosing capacity losses, evaluating equipment upgrades, and providing real-time performance benchmarks.
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.
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