Elkridge, MD. November 5, 2009 – Global performance improvement solutions provider General Physics Corporation (GP), the operating subsidiary of GP Strategies Corporation (NYSE: GPX), announced today that it has won a major competitively bid contract to install its EtaPRO™ performance monitoring system on Salt River Project’s (SRP) thermal and natural gas power plants in Arizona. SRP provides electricity to nearly 934,000 retail customers in the Phoenix area, and operates or participates in 11 major power plants and numerous other generating stations, including thermal, nuclear, natural gas and hydroelectric sources.
The EtaPRO systems will acquire real-time process data from 10 generating units, calculate numerous key performance and condition indicators, and automatically generate alerts and reports to provide actionable information to SRP plant operators, engineers, and management.
The fleet-wide EtaPRO solution will be monitored from a central location as well as the individual plants to provide significant operational benefits. Real-time thermal performance monitoring will identify and quantify capacity and efficiency losses so that plant operating and management staff can take corrective action in a timely and cost effective manner to improve plant operations and reduce greenhouse gas emissions.
GP’s solution includes its real-time VirtualPlant™ thermodynamic modeling software, which interfaces with the plant’s historian and EtaPRO to provide real-time performance benchmarks, essential for identifying and troubleshooting efficiency and capacity related issues. In total, the SRP EtaPRO system will monitor 15,000 process and calculated points across 6 plants with a combined capacity of 5,107 MWe. All data, both real-time and historical, will be available to the enterprise for analysis, trending, and reporting.
“We are particularly pleased that SRP selected General Physics to support ongoing efforts to improve the availability, capacity, efficiency, and environmental compliance of their power generating facilities,” said Richard DesJardins, Vice President of GP’s Performance Engineering Services business unit. “GP is dedicated to working with SRP to meet their performance goals, and we look forward to seeing tangible positive results in the near future.”
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