Benzinga | Jan 19, 2021 09:11AM EST

GSE Systems Wins $8.7M In 3 New Contracts

GSE Systems, Inc. ("GSE Solutions", the "Company" or "GSE") (NASDAQ:GVP), a leader in delivering end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced that its Nuclear Industry Training and Consulting (NITC) group has won three contracts with a combined value of $8.7 million to provide specialized training and staffing support services for large energy companies.

Known for its elite nuclear expertise, GSE has a long and proven track record of delivering a talented workforce that is equipped to support all facets of a major energy company's operations. The Company's personalized approach to training and staff augmentation ensures that each customer's unique skills requirements are met with top talent from a deep bench of professionals.

"The widening skills gap and aging workforce are critical challenges for the industry today and will remain significant issues for the long term," said Kyle Loudermilk, President and CEO of GSE Solutions. "GSE's NITC group addresses these challenges to help customers drive operational efficiency with highly specialized staffing and upskilling solutions. These significant wins reflect the essential value that GSE provides to industry."

"Our field experts are respected professionals with years of experience in maximizing plant efficiency," said Brian Greene, Vice President of GSE's Nuclear Industry Training and Consulting division. "Services provided under these contracts will help our customers fill a wide variety of operational gaps, including staff training, project control, field engineers, health and safety specialists, and construction to name a few. We continue to grow GSE's NITC team thoughtfully so that we are always ready to get to work for our customers."