Global performance improvement solutions provider General Physics
Corporation (GP), the operating subsidiary of GP Strategies
Corporation (NYSE:GPX), recently crossed the 20,000 "seat" threshold
with power plant customers using the GPiLearn(TM) web-based training
portal serving both domestic and international power industry clients.
GPiLearn(TM) is now used by more than 170 power generation industry
companies.
GP´s Energy Services business unit, which provides world-class
power plant products and services, also has recently been awarded over
$2 million in competitive bid contracts with two major Midwest
electric utilities to support engineering documentation and workforce
training on several large projects intended to enable coal-fired power
plants in the U.S. (which generate over half of all electricity
consumed) to generate power in a more efficient and "greener" manner.
The Energy Services group recently completed the installation of
12 EtaPRO(TM) performance monitoring systems in Spain and Mexico (over
6,000,000 kilowatts of electric generating capacity) with four more
EtaPRO(TM) systems scheduled to be installed in power plants expected
to be completed in 2008, examples of significant international
projects where customers use GP´s proprietary software as a tool to
help them reduce greenhouse gas emissions as well as increase
profitability through improved power plant operating efficiency. GP
presently has an installed base of EtaPRO(TM) systems on over 490
generating units worldwide.
About GP
GP Strategies, whose principal operating subsidiary is General
Physics Corporation, is a NYSE-listed company (GPX). GP is a global
provider of training, e-learning solutions, management consulting, and
engineering services. Through its Sandy Corporation and Via Training
divisions, GP provides custom sales training 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
about GP Strategies may be found at www.gpstrategies.com and about
General Physics Corporation at 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.
