GSE Systems, Inc. (NYSE: GVP) said it has announced new contracts valued at approximately USD9.5m involving accident modeling, simulation and engineering services. These projects were awarded during the second quarter of 2014.
These new projects are expected to be executed over the next one to two years, and are comprised of:
USD3.9m in nuclear simulator projects in China and Korea, including an order for GSE´s severe accident solution in China.
USD2.5m for three full-scope fossil simulators and several fossil simulator upgrades in the United States.
USD1.3m for a variety of projects in Europe, including a basic principles simulator to teach fundamentals of Advanced Gas Reactor and other simulator upgrades, as well as engineering projects.
USD1.4m in upgrades to several nuclear simulators in the United States.
USD0.4m in various contracts for process simulation and training.
About GSE Systems, Inc.
GSE Systems, Inc. is a world leader in real-time high-fidelity simulation, providing a wide range of simulation, training and engineering solutions to the energy and process industries. Its website is at www.gses.com.