GSE Systems' Wren Earns Business Partnership Award

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GSE Systems' Wren Earns Business Partnership Award

SYKESVILLE, Md.--(BUSINESS WIRE)-- Dr. Graham Wren of GSE Systems, Inc. (NYSE MKT: GVP) has received the Outstanding Contribution to Knowledge Exchange Award recognizing his commitment to bring academics and industry together. He landed this honor in December at Scotland's Interface Excellence Awards. Wren is the Managing Director of GSE's operations in Europe and Executive Chairman of the University of Strathclyde's Business Engagement Group.

Wren played a major role in raising more than $324 million (£200 million) of funding for major projects in Scotland in the last five years, including Strathclyde University's Technology and Innovation Centre, the Advanced Forming Research Centre and the Power Networks Demonstration Centre.


"GSE Systems understands the importance of strong academic partnerships for the long-term health of industry," said the company's CEO Jim Eberle. "We have worked with Strathclyde since 2007 and Graham has greatly contributed to the success of our simulation technology as part of the university's curriculum."

Interface (www.interface-online.org.uk/3) established the awards this year to acknowledge the significant contribution that knowledge exchange is making to Scotland's economy. Seven Scottish businesses and three individuals were short listed for the awards, which recognize the achievements resulting from collaborative partnerships between business and academia.

"The University of Strathclyde is committed to working with the business community, ensuring that our world class research provides practical benefits for industry and society," said Wren. "I am delighted this work has been recognized with such a prestigious award. It is a fitting endorsement of the excellent partnerships being developed between the University and companies throughout Scotland, the UK, and beyond."

Strathclyde is also home to the GSE Systems Power Station Simulator Suite, a $3.2 million (£2 million) facility that underpins research, education and continuing professional development activities at the university.

About GSE Systems, Inc.

GSE Systems Inc. is a world leader in real-time high-fidelity simulation, providing a wide range of simulation, training and engineering solutions to the energy and process industries. Its comprehensive and modular solutions help customers achieve performance excellence in design, training and operations. GSE's products and services are tailored to meet specific client requirements such as scope, budget and timeline. The company has over four decades of experience, more than 1,100 installations, and hundreds of customers in over 50 countries spanning the globe. GSE Systems is headquartered in Sykesville (Baltimore), Maryland, with offices in St. Marys, Georgia; Madison, New Jersey; Cary, North Carolina; Chennai, India; Nyköping, Sweden; Stockton-on-Tees, UK; Glasgow, UK; and Beijing, China. Information about GSE Systems is available at www.gses.com.

Forward-Looking Statements

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. We do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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Schubert Public Relations
Brian Courtney, 610-269-2100 x 249
bcourtney@schubert.com

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