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Stock Market & Financial Investment News

News Breaks
December 27, 2012
10:11 EDTGVPGSE Systems receives $9.1M change order from Slovakian customer
GSE Systems announced that it has received a $9.1M change order from a customer in Slovakia with which GSE is contracted to provide a full-scope simulator for a two unit reactor plant. As previously announced, work on the simulator project was suspended in May due to regulatory changes in Slovakia requiring the customer to redesign certain aspects of the actual power plant. The $9.1M change order covers additional services associated with revisions to the design of the main plant, costs related to changes in control room hardware due to the redesign of the main plant, new work related to certain other building modifications, and costs incurred by GSE associated with the project's delay. The customer also withdrew all outstanding claims for project delays it made against GSE.
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July 23, 2014
14:16 EDTGVPJay Gottlieb reports 5.88% passive stake in GSE Systems
July 16, 2014
10:16 EDTGVPGSE Systems announces $9.5M in new orders
GSE Systems announced new contracts valued at approximately $9.5M involving accident modeling, simulation and engineering services. These projects were awarded during Q2. These new projects are expected to be executed over the next one to two years, and are comprised of $3.9M in nuclear simulator projects in China and Korea, including an order for GSE’s severe accident solution in China, $2.5M for three full-scope fossil simulators and several fossil simulator upgrades in the U.S., $1.3M 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, $1.4M in upgrades to several nuclear simulators in the U.S., and $0.4M in various contracts for process simulation and training.

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