Elkridge, MD, October 14, 2009 – Global performance improvement solutions provider General Physics Corporation (GP), the operating subsidiary of GP Strategies Corporation (NYSE: GPX), announced today that it has been awarded a multi-year contract to provide Learning Management System (LMS) support to the Defense Security Service (DSS), an agency of the US Department of Defense (DoD).
DSS supports national security, secures the nation’s technological base and oversees the protection of U.S. and foreign classified information in the hands of industry. DSS accomplishes this mission by clearing industrial facilities, personnel and associated information systems; collecting, analyzing and providing threat information to industry and government partners; managing foreign ownership control and influence in cleared industry, providing advice and oversight to industry; delivering security education and training; and providing information technology services that support the industrial security mission of the DoD and its partner agencies.
DSS uses the LMS to manage administration of instructor-led and on-line training for DoD employees and contractors. GP will assist DSS by supporting their enterprise LMS program, including onsite administration support, project management, configuration management support, operational and testing support and software customization development. The contract consists of a base year and two option years. GP estimates that the value of the contract, if both option years are exercised, is approximately $4 million.
“I am pleased that DSS selected GP’s knowledge management practice to assist with their enterprise LMS program. We welcome DSS to our growing list of US Government agencies that depend on GP for LMS program support,” said Don Duquette, Executive Vice President of 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 http://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