General Physics Corporation Receives a Score of 100% Award Fee from Arnold Engineering Development Center, Arnold Air Force Base, Tennessee.ELKRIDGE, Md. -- Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary 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). ), announced that for the 16th consecutive time, GP has been awarded a score of 100%, representing the maximum award possible, by the Arnold Engineering Development Center Arnold Engineering Development Center (AEDC), located on Arnold Air Force Base in the U.S. state of Tennessee, is the most advanced and largest complex of flight simulation test facilities in the world. (AEDC AEDC Arnold Engineering Development Center (Tullahoma) AEDC American Economic Development Council AEDC Anchorage Economic Development Corporation AEDC Antarctic Environmental Data Centre (UK) ) at Arnold Air Force Base in Tennessee. During 17 years of serving AEDC, GP has scored 100% 28 times in 34 fee periods. GP is currently in its third contract at AEDC as the Pressure and Hazardous Materials System Materials system is an advanced type of texture mapping that allows for objects in video games to simulate different types of materials in real life. This makes it so that the texture not only contains graphical data, but references for sound data and physics data (such as density). (PHMS PHMS Patrick Henry Middle School PHMS Pan Head Machine Screw PHMS Pleasant Hills Middle School (Pennsylvania, USA) PHMS Pig Health Monitoring Scheme PHMS Palm Harbor Middle School (Palm Harbor, Florida) ) Certification contractor. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Award Fee letter presented to GP's project manager by the Air Force Fee Determining Official, "Once again, GP has exceeded our expectations during this fee period. GP's ability to be innovative, flexible, and creative in working in our dynamic testing dynamic testing Lab medicine A testing format in which 2+ samples of Pt blood or urine are obtained at a specified time interval. See Glucose tolerance test, Timed specimen, Xylose absorption test. environment is unrivaled." GP received the 100% award fee because it met or exceeded all program goals set at the beginning of the period while continuing to deliver services in an effective and cost-efficient manner. GP began supporting AEDC in 1989 and currently provides engineering, configuration management, and inspection services that assist AEDC in staying on the leading edge of aerospace development and operations. In addition to the PHMS Program, GP now provides support to the Safe Reliable Efficient Operations (SREO) Program at AEDC. About GP 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 performance improvement solutions provider of training and e-Learning solutions, management consulting and engineering services. GP's solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at www.gpworldwide.com. This report contains 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, as amended. The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 provides a "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " for forward looking statements. Forward-looking statements are not statements of historical facts, but rather reflect our current expectations concerning future events and results. We use words such as "expects", "intends", "believes", "may", "will" and "anticipates" to indicate forward-looking statements. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements, including, but not limited to, those factors set forth under Item 1A, Risk Factors, in our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and those other risks and uncertainties detailed in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. We caution that these risk factors may not be exhaustive. We operate in a continually changing business environment, and new risk factors emerge from time to time. We cannot predict these new risk factors, nor can we assess the effect, if any, of the new risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ from those expressed or implied by these forward-looking statements. If any one or more of these expectations and assumptions proves incorrect, actual results will likely differ materially from those contemplated by the forward-looking statements. Even if all of the foregoing assumptions and expectations prove correct, actual results may still differ materially from those expressed in the forward-looking statements as a result of factors we may not anticipate or that may be beyond our control. While we cannot assess the future impact that any of these differences could have on our business, financial condition, results of operations and cash flows or the market price of shares of our common stock, the differences could be significant. We do not undertake to update any forward-looking statements made by us, whether as a result of new information, future events or otherwise. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this report. |
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