General Physics Corporation Awarded Control Room Operator Training Contract at Canadian Nuclear Power Plant.Business Editors COLUMBIA, Md.--(BUSINESS WIRE)--Nov. 27, 2001 GP's Reputation as the Leading Provider of Training Services to the U.S. Nuclear Industry Instrumental in Obtaining Point Lepreau Generating Station Contract in Canada General Physics Corporation (GP), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of GP Strategies Corporation (NYSE NYSE See: New York Stock Exchange :GPX GPX - Early system on UNIVAC II. Listed in CACM 2(5):16 (May 1959). ), was recently awarded a contract to develop classroom training for Control Room Operators at the Point Lepreau Generating Station in New Brunswick New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. , Canada. Point Lepreau is a CANDU CANDU CANada Deuterium Uranium (Atomic Energy of Canada Limited) heavy water moderated reactor operated by New Brunswick Power Corporation (NB Power). GP won the contract in a competitive bid process due to their being the leading provider of training services to the U.S. nuclear industry and having vast experience and expertise in the application of Systematic Approach to Training (SAT). The Canadian nuclear industry is transitioning the way they train personnel, and have elected to follow the SAT process that the U.S. industry adopted in the 1980's. Under the contract, GP will develop classroom training on power plant systems and procedures, as well as provide one cycle of instruction for the upcoming Control Room Operator class. The training that GP provides can significantly shorten the learning curve associated with adoption of SAT and performance-based training in the classroom. This will ensure that the next generation of operators will to continue to provide safe and efficient operations providing electricity to the NB Power's customers. Jeff Klein, VP of Nuclear Energy Services for GP, was quoted as saying: "We are quite excited about this opportunity. While we have extensive experience with all U.S reactor types as well as RBMK RBMK Reactor Bolshoi Moschnosti Kanalynyi (nuclear reactor in former USSR; used at Chernobyl) and VVER VVER Voda-Vodyanoi Energetichesky Reaktor (Russian: Pressurized Water Reactor) units in the Former Soviet Union, this is the first time working on a CANDU design. We are very proud of the fact that NB Power saw fit to select GP based on our knowledge of the Systematic Approach to Training (SAT) and our vast U.S. experience. We are confident that we will add significant value to the client's efforts as they adopt the SAT." NB Power - www.nbpower.com A Crown Corporation with the mandate to supply the electricity needs of the Province of New Brunswick, NB Power is Atlantic Canada's largest electric utility. Operating a modern and diverse generating system, it produces economic electricity at its fifteen hydro, coal, oil, nuclear and Orimulsion(R)-powered facilities. Responsible for delivering electricity safely and reliably to 340,000 direct and indirect customers, the utility has 32,000 km of power lines, as well as 360 substations and terminals. General Physics Corporation - www.gpworldwide.com GP is the principal operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of GP Strategies Corporation (NYSE:GPX). GP is a global provider of training, management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and engineering services, improving the effectiveness of organizations by customizing solutions to meet the specific needs of clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. The forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. contained herein reflect GP's management's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of GP, including but not limited to those risks and uncertainties detailed in GP Strategies Corporation's periodic reports and registration statements filed with the Securities and Exchange Commission. |
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