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. Damian DeLongchamp as Chief Operating Officer (COO).
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COLUMBIA, Md., Aug. 14, 2024 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (Nasdaq: 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. Q2 2024 and Recent Highlights Improved gross profit growth driven by Engineering segment, with a 14% increase over Q1 of 2024 and Q2 of 2023.Achieved positive Adjusted EBITDA for the first half of 2024, du
Conference Call Scheduled for today, May 15, 2024 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. Q1 2024 Highlights The Company reports revenue in Q1 2024 of $11.3 million, up 3.8% from $10.9 million in Q1 2023 and up 10.5% from $10.2 million in Q4 2023.Engineerin
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. The GSE management team will host a conference call that day at 4:30 p.m. ET. First Quarter Fiscal 2024 Conference Call Details Date and T
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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., July 10, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE") (NASDAQ:GVP) is a world leader in advanced engineering and workforce solutions across the clean-energy and power industries. This simulator will play a key role in Rolls-Royce SMR's program to develop, verify and validate the performance and control systems of its unique 'factory-built' nuclear power plant. It forms part of a much wider program of developm
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COLUMBIA, Md., Nov. 1, 2024 /PRNewswire/ -- GSE Solutions ("GSE Systems, Inc." or "GSE"), a leader in advanced engineering solutions that supports the future of clean-energy production and decarbonization initiatives of the power industry, and Pelican Energy Partners ("Pelican"), a highly specialized private equity firm led by experienced energy service professionals focused on energy services businesses and manufacturing companies, announced today the closing of the merger involving GSE and an affiliate of Pelican. The merger was overwhelmingly approved by GSE shareholders at a special shareholder meeting held on October 29, 2024. Trading of GSE common stock was suspended following afterhou
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"). Pursuant to the terms of the merger agreement, dated August 8, 2024 and amended October 20, 2024 ("Merger Agreement"), Pelican will acquire all of the outstanding common stock of GSE for $4.60 per share.
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").
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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. Damian DeLongchamp as Chief Operating Officer (COO). Mr. DeLongchamp has been with GSE for more than 7 years and most recently was the Vice President of GSE Programs and Performance group. He brings over 20 years of utility experience both domestically and abroad. His experien
COLUMBIA, Md., March 1, 2022 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions" or "GSE") (NASDAQ:GVP), a leader in advanced engineering and workforce solutions that support the future of clean energy production and overall decarbonization initiatives of the power industry, today announced it has appointed Mr. Thomas J. Dougherty to its Board of Directors, as an independent director, effective immediately. Mr. Dougherty has more than 40 years of experience in plant operations, management, and support of nuclear power plants, including his service in the United States Navy Nuclear Submarine program.