6 September 2002 – GSE Systems, Inc., a provider of real-time simulation and process control solutions for the energy and process industries, announced Thursday several recent contract awards for its Power Simulation business.

The contracts are to implement advanced technologies into simulators previously built by GSE and other vendors.

In the U.S., the Company received a contract from Duke Energy to provide advanced thermo-hydraulic, neutronic and containment models for its Catawba nuclear power simulator. GSE also received a contract from Southern Nuclear Company for its Vogtle nuclear power plant to rehost the training simulator onto a Windows XP computer using GSE’s versatile OpenSim environment. In addition GSE will supply an Advanced Instructor Station with XtremeView graphic tools. Internationally, KernKraftwerk Leibstadt AG (KKL) ordered advanced thermo-hydraulic and neutronic models for its Leibstadt plant simulator located in Switzerland. These three projects total approximately $1.4 million and will be implemented by GSE’s RNI Technologies division. These projects, when combined with other major awards this year, bring the total value of contracts signed by RNI to over $5 million in 2002.

GSE’s Power AB subsidiary in Sweden has been awarded a contract from Siemens Osakeyhtio to upgrade the Full Scope Training Simulator at Teollisuuden Voima Oy’s (TVO) Olkiluoto Nuclear Power Plant in Eurajoki in Finland. The simulator project is a part of a major upgrade to the Turbine Plant Automation System that will be performed by Siemens. GSE will be responsible for integration and necessary modifications to the simulator in order to integrate an emulated version of Siemens TELEPERM XP. The emulated system is being provided under separate contract by Power Technology’s Powergen simulation division. The simulator will be used to verify the design of the new turbine automation system as well as training of the operator before installation in the actual plant. The simulator upgrade will be delivered one year before the new control system becomes operational in the real plant. The original simulator was delivered by GSE in 1990. The value of this new contract is approximately $500,000.

Jerry Jen, GSE’s President and Chief Operating Officer said: “Our customers continue to recognize the benefits of improved technology in their training systems. The advancement of simulation technology is allowing customers to expand the use of the simulator beyond its training value to become true engineering tools. This is evident in TVO’s use of its simulator to validate ‘real’ plant changes before they are implemented. This ensures a faster plant start-up and generation of revenue. This speaks volumes about the level of engineering detail included in our simulators. These new upgrade projects demonstrate GSE’s firm commitment to its existing customers and is an important step for future I&C upgrades to simulators delivered by GSE (totalling 142 nuclear simulators world-wide) as well as simulators delivered by other vendors.”

GSE Systems, Inc. is a real-time simulation, process control, and automation company with three decades of experience, over 500 applications, and 200 customers in more than 30 countries. Our software, hardware and integrated solutions leverage proven technologies to deliver real-world business advantages to the process and power industries worldwide including speciality chemical, food and beverage, petroleum refining, pharmaceutical, and fossil and nuclear power generation. GSE Systems is headquartered in Columbia, Maryland with offices throughout the United States. Our global locations include offices in Japan and Sweden. Information about GSE Systems is available via the Internet at https://gses.com/ .