SmartSignal and General Physics Join Forces to Deliver the Performance Intelligence Needed to Achieve Record Availability and Efficiency.
"We will share equipment mechanical, electrical, efficiency, and thermal cycle performance results between our product lines. These converging lines of evidence will improve a plant's ability to predict, diagnose, and prioritize pending equipment failures in addition to being able to quickly recognize and quantify performance shortfalls. For example, after being notified by SmartSignal of a deficient cooling tower performance incident, GP's EtaPRO[TM] technology will show the impact on condenser pressure, lost generation, and increased fuel cost. General Physics can quantify the financial and performance impact of the incident, as well as verify its presence," said Joe Nasal, Senior VP General Physics.
According to Jason Makansi, author of "Lights Out" and President of Pearl Street Consulting, "To succeed, every power plant has to eliminate critical equipment failure and improve thermal performance. Recently I did a study of over 20 power plants to understand how they went about doing it. I found the majority were employing SmartSignal to eliminate failure and General Physics to improve thermal performance. While users were satisfied with both products, they were looking for ways to synthesize the intelligence from both to gain greater insights into their operations."
Mr. Makansi's findings reinforce the feedback that SmartSignal and General Physics have received from their customers. By exchanging results between the General Physics and SmartSignal modeling engines, customers will have the ability to readily compare an asset's relative operating performance against:
* Historical operating behavior through SmartSignal models, and
* Design operating behavior through EtaPRO[TM] and its embedded VirtualPlant[TM] models
This means plant personnel will be able to move back and forth between SmartSignal's early warning of developing problems and General Physics' performance calculations to:
* Verify the existence of an abnormal condition
* Quantify the impact on capacity and heat rate from the developing problem
* More accurately diagnose and prioritize the impending problem
* Improve visualization and presentation of EtaPRO and SmartSignal results through a shared SmartSignal WatchList
"We are confident that by combining General Physics' view into thermodynamic performance and SmartSignal's view into equipment condition, we will eliminate more equipment failures and operational losses than any alternative. By employing SmartSignal and EtaPRO through the SmartSignal WatchList, power plants will achieve record levels of availability, reliability, and efficiency," commented Jim Gagnard, CEO SmartSignal.
SmartSignal is the leader in maximizing worldwide industry equipment performance. Its advanced early warning intelligence predicts, diagnoses, and prioritizes impending equipment and process problems in time to prevent costly and dangerous failures. Unlike condition monitoring solutions, SmartSignal uses patented advanced analytics to deliver the most relevant, actionable information available, eliminating failure for tens of thousands of assets in power generation, oil & gas, mining, aviation, pulp & paper and other process industries worldwide. SmartSignal and its clients have won over 20 awards for excellence, including the Wall Street Journal Technology Innovation Award. Visit www.smartsignal.com or call 630-829-4000.
General Physics Corporation, the principal operating subsidiary of GP Strategies Corporation (NYSE:GPX), is a global provider of sales and technical training, 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 about General Physics Corporation at www.gpworldwide.com.
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. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.