Elkridge, MD. September 2, 2009 – Global performance improvement solutions provider General Physics Corporation (GP), the operating subsidiary of GP Strategies Corporation (NYSE: GPX), announces the latest release of EtaPRO™, its industry-leading power plant performance and condition monitoring system. EtaPRO 9.2 integrates GP’s proprietary VirtualPlant™ technology for on-line and off-line prediction and analysis of power plant efficiency and capacity. Immediate end-user benefits include desktop access to first principles thermodynamic plant models for conducting rigorous “what-if” analyses, real-time data validation using an integrated plant model, as well as advanced data filtering and trending for benchmarking plant and equipment performance. The product’s embedded event log also received numerous feature additions and enhancements requested by end-users.
“With EtaPRO installed on over 650 power generating units worldwide, our customers continually expand the benefits derived from our EtaPRO and VirtualPlant technologies in their day-to-day plant operations,” said Richard DesJardins, Vice President of GP’s Performance Engineering Services. “Our goal is to enable our customers to meet their plant performance metrics while keeping our software current with today’s high performance data historians and evolving security standards for plant control and IT infrastructures.” The EtaPRO Technology Transfer Workshop, to be held in Austin, Texas May 3–7, 2010, will showcase the new capabilities as well as other exciting changes that will be announced in Q4 2009.
The latest versions of EtaPRO and VirtualPlant are available for download by licensed users at http://support.etapro.com. For additional information about EtaPRO, visit: http://powerplant.gpworldwide.com/prodEtaPRO.aspx.
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