Elkridge, MD. July 2, 2008. Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE: GPX), announced that they have signed an agreement with Alstom Power, Inc. to pursue joint and coordinated marketing and business development activities with respect to GP’s EtaPRO™ Performance Monitoring and Optimization System and related services to their power and process industry clients.
“We are very excited to be working with Alstom,” said Rich DesJardins, GP’s Director of Performance Engineering Services. “The demand for real-time thermo-economic feedback of plant performance has never been greater, and we are pleased that Alstom has chosen GP and EtaPRO to meet their customers’ performance-monitoring needs.”
GP’s EtaPRO is an enterprise-wide suite of applications that enables Rankine and combined cycle power and process plants to monitor, trend and analyze equipment and overall plant performance. With EtaPRO’s VirtualPlant™ technology, users can model alternative operating scenarios, evaluate potential equipment upgrades, validate process data, forecast heat rate and capacity, and provide real-time performance benchmarks. GP’s EtaPRO System is currently monitoring more than 500 generating units throughout the world.
Alstom is a global leader in the world of power generation and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind. The Group employs more than 76,000 people in 70 countries, and had orders of €23,5 billion in 2007/08.
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.
Scott N. Greenberg
Chief Executive Officer
Chief Financial Officer