General Physics Corporation Wins Contract with U.S. Army's Chemical Materials Agency at Aberdeen Proving Ground to Support Chemical Weapons Stockpile Disposal.ELKRIDGE, Md. -- IDIQ IDIQ Indefinite Delivery, Indefinite Quantity (contracting/procurement) Contract Valued at $29.6 Million over Five Year Period Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NSE NSE - Network Software Environment: a proprietary CASE framework from Sun Microsystems. :GPX GPX - Early system on UNIVAC II. Listed in CACM 2(5):16 (May 1959). ), has been awarded a competitively bid Chemical Demilitarization de·mil·i·ta·rize tr.v. de·mil·i·ta·rized, de·mil·i·ta·riz·ing, de·mil·i·ta·riz·es 1. To eliminate the military character of. 2. Training Facility (CDTF CDTF Chemical Defense Training Facility CDTF Chemical Demilitarization Training Facility CDTF Chemical Decontamination Training Facility CDTF Civil Disturbance Task Force ) Operations and Maintenance contract by the U.S. Army's Chemical Materials Agency (CMA CMA - Concert Multithread Architecture from DEC. ). GP has supported CMA since 1989 and this competitive award represents the third consecutive follow-on contract. During this 15-year relationship between the GP and U.S. Army, GP has been responsible for the construction of the CDTF to include installation and systemization sys·tem·ize tr.v. sys·tem·ized, sys·tem·iz·ing, sys·tem·iz·es To systematize. sys of operational process lines, a control room, a chemical laboratory, classrooms, and administrative buildings. GP developed and implemented a programmatic training program for operations, maintenance and laboratory personnel that comprise the chemical agent disposal plants that will destroy the munitions mu·ni·tion n. War materiel, especially weapons and ammunition. Often used in the plural. tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions To supply with munitions. containing blister and nerve agents. The training program consists of 126 technical courses that comprise more than 2,800 hours of instruction. To date, GP has trained more than 35,000 students who attended 5,930 courses. Services to be provided under this contract include laboratory training, test and evaluation engineering, training facility maintenance, and warehousing. GP is solely responsible for the design, development, implementation, and evaluation of monitoring and analytical laboratory training for chemical stockpile workers. Test and evaluation engineering activities include supporting the development and improvement of chemical demilitarization processing equipment and systems. "Our long and continued support of Chemical Demilitarization for the U.S. Army has given GP exceptional experience and capability to address Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States initiatives of federal, state, and local governments," stated Douglas Sharp, President of General Physics Corporation. "We are proud of the performance of our CDTF personnel." 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 NYSE See: New York Stock Exchange :GPX). GP is a global provider of training, e-Learning solutions, management consulting 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. Additional information about GP may be found at www.gpworldwide.com. The forward-looking statements contained herein reflect GP Strategies' management's current views with respect to future events and financial performance. We use words such as "expects", "intends" and "anticipates" to indicate forward-looking statements. 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 Strategies, including, but not limited to, our inability to generate funds by selling any assets that are included in the proposed spin-off, our holding company structure, failure to continue to attract and retain personnel, loss of business from significant customers, failure to keep pace with technology, changing economic conditions, competition, and those other risks and uncertainties detailed in GP Strategies' periodic reports and registration statements filed with the Securities and Exchange Commission. 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. |
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