GSE Systems

GSE Systems, Inc. engages in the provision of engineering services, staffing, and simulation software. It operates through the Performance Improvement Solutions and Nuclear Industry Training and Consulting segments. The Performance Improvement Solutions segment includes power plant high-fidelity simulation solutions, technical engineering services for ASME programs, power plant thermal performance optimization, and interactive computer-based tutorials/simulation. The Nuclear Industry Training and Consulting segment focuses on nuclear operations instructors, procedure writers, technical engineers, and other consultants to the nuclear power industry. The company was founded on March 30, 1994 and is headquartered in Columbia, MD.

Earnings data Q4 2020

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GSE Systems reports sequential growth in Q1 2024 earnings

GSE Systems' Q1 2024 performance showed sequential improvement in new orders and revenues, with a strategic focus on engineering services and debt reduction. Despite facing a net loss, the company is committed to improving operational efficiencies and pursuing higher-margin business opportunities. GSE Systems aims to leverage industry trends and technology advancements to drive future growth and financial health.

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GSE Solutions, Inc. provides performance improvement solutions to the energy and process industries. They improve human performance through turnkey training, unique visualization and simulation applications, and our staff of instructors, as well as plant improvement through our engineering expertise and use of technology to improve plant design, commissioning, and operations.

COLUMBIA, Md. , Oct. 29, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that its stockholders overwhelmingly approved its merger with an affiliate of Pelican Energy Partners ("Pelican").

Stockholders Approve GSE Solutions Merger with Pelican Energy Partners

COLUMBIA, Md. , Oct. 23, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that independent proxy advisory firm Glass Lewis & Co., LLC ("Glass Lewis") recommended that GSE shareholders vote "FOR" the approval of the Agreement and Plan of Merger, dated as of August 8, 2024 (the "Merger Agreement"), by and between GSE, Nuclear Engineering Holdings LLC, and Gamma Nuclear Merger Sub LLC (the "Merger Proposal").

Glass Lewis Recommends Shareholders VOTE FOR the GSE Merger

COLUMBIA, Md. , Oct. 22, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that it wished to thank all of its stockholders who have already voted overwhelmingly in favor of its merger with an affiliate of Pelican Energy Partners ("Pelican") in an all-cash transaction (the "Merger").

GSE Solutions Encourages Stockholders to VOTE FOR the AMENDED Merger

HOUSTON--(BUSINESS WIRE)--Bradley L. Radoff, who collectively with his affiliates owns approximately 9.9% of the outstanding shares of GSE Systems, Inc. (NASDAQ: GVP) (“GSE” or the “Company”), today issued the below follow-up letter to the Chair of the Company's Board of Directors (the “Board”), Kathryn O'Connor Gardner, in response to the Company's filing of an amended merger agreement with Pelican Energy Partners (“Pelican”). Mr. Radoff previously announced his opposition to the Company's pro.

Bradley L. Radoff Reiterates Call for GSE Systems' Board Chair Kathryn O'Connor Gardner to Disclose 2025 Projections

COLUMBIA, Md. , Oct. 21, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that it has entered into an amendment to the merger agreement with an affiliate of Pelican Energy Partners, which was previously announced on August 8, 2024.

GSE Solutions and Pelican Energy Partners Announce Amendment to Merger Agreement Providing for Increase in Merger Consideration to $4.60 Per Share

HOUSTON--(BUSINESS WIRE)--Bradley L. Radoff, who collectively with his affiliates owns approximately 9.9% of the outstanding shares of GSE Systems, Inc. (NASDAQ: GVP) (“GSE” or the “Company”), today issued the below open letter to the Chair of the Company's Board of Directors (the “Board”), Kathryn O'Connor Gardner, to urge the Board to provide the market with customary disclosures regarding the Company's forward-looking projections. Mr. Radoff previously announced his opposition to the Company.

Bradley L. Radoff Urges GSE Systems' Board Chair Kathryn O'Connor Gardner to Release 2025 Projections

HOUSTON--(BUSINESS WIRE)--Bradley L. Radoff, who collectively with his affiliates owns approximately 9.9% of the outstanding shares of GSE Systems, Inc. (NASDAQ: GVP) (“GSE” or the “Company”), today sent the below letter to GSE Systems' Board of Directors (the “Board”) indicating its opposition to the proposed take-private merger with Pelican Energy Partners (“Pelican”). *** GSE Systems, Inc. 6940 Columbia Gateway Drive, Suite 470 Columbia, MD 21046 Attention: The Board of Directors October 18,.

Bradley L. Radoff Issues Open Letter to GSE Systems' Board of Directors to State Opposition to Proposed Sale to Pelican Energy Partners

COLUMBIA, Md. , Oct. 16, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that leading independent proxy advisory firm Institutional Shareholder Services, Inc. ("ISS") recommended that GSE shareholders vote "FOR": (1) the approval of the Agreement and Plan of Merger, dated as of August 8, 2024 (the "Merger Agreement"), by and between GSE, Nuclear Engineering Holdings LLC, and Gamma Nuclear Merger Sub LLC (the "Merger Proposal"); and (2) the approval, on a non-binding, advisory basis, of the compensation that may become payable to GSE's named executive officers in connection with the merger.

ISS Recommends Shareholders VOTE FOR the GSE Merger

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of GSE Systems, Inc. (NasdaqCM: GVP) to Pelican Energy Partners. Under the terms of the proposed transaction, shareholders of GSE will receive $4.10 in cash for each share of GSE that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consi.

GSE SYSTEMS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of GSE Systems, Inc. - GVP

NEW YORK, NY / ACCESSWIRE / September 19, 2024 / Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating GSE Systems, Inc. (Nasdaq: GVP ), relating to its proposed merger with Pelican Energy Partners.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger and Looming Vote on October 25, 2024, of GSE Systems, Inc. - GVP

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of GSE Systems, Inc. (NASDAQ: GVP) to Pelican Energy Partners for $4.10 per share in cash is fair to GSE shareholders. Halper Sadeh encourages GSE shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether GSE and its board.

GVP Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of GSE Systems, Inc. Is Fair to Shareholders

NEW YORK , Aug. 16, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating GSE Systems, Inc. (Nasdaq: GVP), relating to its proposed merger with Pelican Energy Partners.

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of GSE Systems, Inc. - GVP

COLUMBIA, Md. , Aug. 14, 2024 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (N asdaq : GVP), a leader in advanced engineering and workforce solutions that support the future of clean energy production and decarbonization initiatives of the nuclear power industry, today announced financial results for the second quarter ("Q2") ended June 30, 2024.

GSE Systems Reports Second Quarter 2024 Financial Results

GVP Investigation Alert: Halper Sadeh LLC Is Investigating Whether the Sale of GSE Systems, Inc. Is Fair to Shareholders

COLUMBIA, Md. , Aug. 8, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, announced today that it has entered into a definitive merger agreement to be acquired by Pelican Energy Partners ("Pelican") in an all-cash transaction.

GSE Solutions to be Acquired by Pelican Energy Partners

GSE Solutions shows continual commitment to backing the American Nuclear Society by being a Gold Sponsor, with the presence of their new Chief Executive Officer and Chief Operating Officer COLUMBIA, Md. , July 29, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, is proud to announce its participation in the upcoming American Nuclear Society (ANS) Utility Working Conference (UWC) from August 4-7, 2024, in Marco Island, Florida.

GSE Solutions to Attend ANS UWC Conference 2024

Rolls-Royce SMR has enlisted GSE Solutions to develop a power station simulator, as it continues to mature the design of its Small Modular Reactor (SMR) technology and remains on track to complete Step 2 of the Generic Design Assessment this summer.   COLUMBIA, Md.

Rolls-Royce SMR Signs $1.5M Contract for Cutting-edge GSE Simulation Technology

COLUMBIA, Md. , June 25, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, today announced contracts worth more than $700k for the provision of services related to Flow Accelerated Corrosion (FAC) and Erosion programs for a large east-coast utility based in the United States.

GSE Solutions Awarded Contract by Major Utility Company for Nuclear Flow Accelerated Corrosion Update Services

COLUMBIA, Md. , May 23, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, today announced it will participate in a webcasted fireside chat and host one-on-one meetings with investors at the Lytham Partners Spring 2024 Investor Conference, taking place virtually on Thursday, May 30, 2024.

GSE Solutions to Participate in the Lytham Partners Spring 2024 Investor Conference on May 30, 2024

GSE Systems, Inc. (NASDAQ:GVP ) Q1 2024 Earnings Conference Call May 15, 2024 4:30 PM ET Company Participants Adam Lowensteiner – Vice President of Lytham Partners Ravi Khanna – President and Chief Executive Officer Emmett Pepe – Chief Financial Officer Conference Call Participants Operator Good day, and welcome to the GSE Systems First Quarter Fiscal Year 2024 Financial Results Conference Call. All participants will be in a listen-only mode.

GSE Systems, Inc. (GVP) Q1 2024 Earnings Call Transcript

Conference Call Scheduled for today, May 1 5 , 202 4  at 4:30pm ET COLUMBIA, Md. , May 15, 2024 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that support nuclear power and the decarbonization initiatives of the power industry, today announced its financial results for the first quarter ("Q1") ended March 31, 2024.

GSE Systems Reports First Quarter 2024 Financial Results

COLUMBIA, Md. , May 13, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, today announced the appointment of Mr.

GSE Solutions Appoints Damian DeLongchamp as Chief Operating Officer

COLUMBIA, Md., May 8, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, today announced that it will issue its financial results press release for the first quarter ended March 31, 2024 on Wednesday, May 15, 2024, after the close of the stock market.

GSE Solutions Schedules Release of First Quarter Fiscal 2024 Financial Results and Conference Call

COLUMBIA, Md. , April 30, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, today announced a transition of the company's management team: Mr.

GSE Solutions Announces Management Transition

COLUMBIA, Md. , April 16, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (Nasdaq: GVP), a leader in advanced engineering and workforce solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, today announced a significant contract has been secured to deliver nuclear engineering services for a 24-month fuel cycle operation to a major utility company based in the United States.

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