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By Michael Dresser and Michael Dresser,Sun Staff Writer | January 4, 1995
GSE Systems Inc., a Columbia-based supplier of systems that simulate industrial processes, said yesterday that it has acquired a Hunt Valley business that could extend GSE's reach far beyond its stronghold in the power generation industry.Under an agreement with Texas Instruments Corp. of Dallas, GSE will offer jobs to the 235 managers and other employees of TI's Process Systems business and continue doing business at its current location. GSE Systems will change the name of the business to GSE Process Solutions Inc.The companies declined to reveal the price of the acquisition.
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BUSINESS
By Hanah Cho, The Baltimore Sun | November 2, 2010
GSE Systems, a Sykesville-based developer of simulation and training systems for the power-generation and manufacturing industries, announced Tuesday the appointment of Jim Eberle as its new chief executive officer. Eberle will also serve as a director to the company's board. Eberle replaces CEO John V. Moran, who retired on Oct. 31 and has become a consultant to the company. Eberle joined GSE as its chief operating officer in June. Hanah.cho@baltsun.com
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BUSINESS
April 18, 1998
GSE Systems Inc. has been awarded two contracts totaling $7.3 million for power plant simulators in the Czech Republic and Ukraine, the Columbia-based company said yesterday.The contracts went to the GSE Power Systems group, in one case to be a subcontractor to Czech engineering firm Orgrez S.C. to help design, develop and deliver a full-scope simulator for the Dukovany nuclear power plant.For the second contract, GSE will design a simulator for the South Ukraine No. 1 nuclear power plant.
BUSINESS
March 7, 2010
Monday Earnings: H&R Block Inc.; Navistar International Corp. Tuesday Earnings: Kroger Co. Wednesday Reports: Maryland unemployment; Baltimore-area home sales; January wholesale inventories; February federal budget report Earnings: Optelecom-NKF Thursday Reports: January trade balance; Weekly initial jobless claims Earnings : GSE Systems Friday Reports: ...
BUSINESS
By Ross Hetrick and Ross Hetrick,Sun Staff Writer | August 8, 1995
Boosted by the acquisition of a Hunt Valley software company, GSE Systems Inc. of Columbia yesterday reported that second-quarter earnings more than doubled as sales went up 91.6 percent.The company, which makes computer programs to control industrial processes and simulate power plant controls and factory operations, reported quarterly earnings rose to $826,000, or 33 cents per share, compared with $375,000, or 15 cents per share, for the same period a year ago. Sales jumped to $22.8 million from $11.9 million.
BUSINESS
By ROSS HETRICK and ROSS HETRICK,SUN STAFF | October 13, 1995
In 1993, S3 Technologies was a mess.Its parent company was in Chapter 11 bankruptcy proceedings. Many of its best and brightest had jumped ship to a new firm. S3's own business -- making software for nuclear power plant simulators -- was bleeding red ink and the company itself was ripe for a foreign takeover.What a difference two years makes.Now, S3's successor, GSE Systems Inc., based in Columbia, is mapping out a strategy for expansion.Shored up by an initial public offering in July that raised about $20 million, GSE is nearly debt-free, is making a profit and is moving into what it sees as a potential $4.5 billion market.
BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | May 24, 1996
GSE Systems Inc., a Columbia-based company that develops and markets integrated enterprise software for the energy and manufacturing industries, has acquired Erudite Software & Consulting of Salt Lake City, Utah, for shares of new GSE stock valued at $12.8 million.William E. Kuhlmann, GSE's chairman and chief executive officer, said his company acquired Erudite on Wednesday so that it could "enhance our presence in the emerging and increasingly important client/server market."Erudite specializes in developing and marketing client/server technology for business applications.
BUSINESS
March 7, 2010
Monday Earnings: H&R Block Inc.; Navistar International Corp. Tuesday Earnings: Kroger Co. Wednesday Reports: Maryland unemployment; Baltimore-area home sales; January wholesale inventories; February federal budget report Earnings: Optelecom-NKF Thursday Reports: January trade balance; Weekly initial jobless claims Earnings : GSE Systems Friday Reports: ...
BUSINESS
By Hanah Cho and Hanah Cho,Hanah.cho@baltsun.com | November 20, 2009
Joseph Cunniffe sees the proposed third nuclear reactor at Calvert Cliffs as a huge opportunity for his Sykesville-based firm GSE Systems, which develops simulation and training systems for the power-generation industry. So did more than 100 companies that gathered Thursday in Baltimore for an event drawing suppliers and vendors looking to do business with Areva, the world's largest reactor maker, which is designing and building the proposed third unit with construction company Bechtel.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | January 18, 1998
Last year was a great one for Maryland stocks.Huge gains in the shares of companies such as Healthcare Financial Partners Inc. and Igen International Inc. helped power the index of Maryland's top public companies to a 36 percent total return for 1997, besting the Dow Jones industrial average and the Nasdaq composite.The Dow generated a total return of 24.94 percent and the Nasdaq 31.3 percent.Eight companies in the Bloomberg Maryland Index saw their shares return more than 100 percent for the year, while five companies lost 50 percent or more.
BUSINESS
By Hanah Cho and Hanah Cho,Hanah.cho@baltsun.com | November 20, 2009
Joseph Cunniffe sees the proposed third nuclear reactor at Calvert Cliffs as a huge opportunity for his Sykesville-based firm GSE Systems, which develops simulation and training systems for the power-generation industry. So did more than 100 companies that gathered Thursday in Baltimore for an event drawing suppliers and vendors looking to do business with Areva, the world's largest reactor maker, which is designing and building the proposed third unit with construction company Bechtel.
BUSINESS
By Kristine Henry and Kristine Henry,SUN STAFF | August 21, 2002
Bethlehem Steel Corp. said yesterday that it signed a "multimillion-dollar" contract with a Howard County company to upgrade the software and hardware it uses in the continuous caster at its plant in Burns Harbor, Ind. The upgrade replaces a system installed 18 years ago; GSE Systems Inc. of Columbia handled the original software installation and won the new contract. The software will allow operators to more easily identify problems that come up with the continuous caster, a piece of equipment that turns molten steel into slabs.
BUSINESS
April 18, 1998
GSE Systems Inc. has been awarded two contracts totaling $7.3 million for power plant simulators in the Czech Republic and Ukraine, the Columbia-based company said yesterday.The contracts went to the GSE Power Systems group, in one case to be a subcontractor to Czech engineering firm Orgrez S.C. to help design, develop and deliver a full-scope simulator for the Dukovany nuclear power plant.For the second contract, GSE will design a simulator for the South Ukraine No. 1 nuclear power plant.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | January 18, 1998
Last year was a great one for Maryland stocks.Huge gains in the shares of companies such as Healthcare Financial Partners Inc. and Igen International Inc. helped power the index of Maryland's top public companies to a 36 percent total return for 1997, besting the Dow Jones industrial average and the Nasdaq composite.The Dow generated a total return of 24.94 percent and the Nasdaq 31.3 percent.Eight companies in the Bloomberg Maryland Index saw their shares return more than 100 percent for the year, while five companies lost 50 percent or more.
BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | May 24, 1996
GSE Systems Inc., a Columbia-based company that develops and markets integrated enterprise software for the energy and manufacturing industries, has acquired Erudite Software & Consulting of Salt Lake City, Utah, for shares of new GSE stock valued at $12.8 million.William E. Kuhlmann, GSE's chairman and chief executive officer, said his company acquired Erudite on Wednesday so that it could "enhance our presence in the emerging and increasingly important client/server market."Erudite specializes in developing and marketing client/server technology for business applications.
BUSINESS
By ROSS HETRICK and ROSS HETRICK,SUN STAFF | October 13, 1995
In 1993, S3 Technologies was a mess.Its parent company was in Chapter 11 bankruptcy proceedings. Many of its best and brightest had jumped ship to a new firm. S3's own business -- making software for nuclear power plant simulators -- was bleeding red ink and the company itself was ripe for a foreign takeover.What a difference two years makes.Now, S3's successor, GSE Systems Inc., based in Columbia, is mapping out a strategy for expansion.Shored up by an initial public offering in July that raised about $20 million, GSE is nearly debt-free, is making a profit and is moving into what it sees as a potential $4.5 billion market.
BUSINESS
By Hanah Cho, The Baltimore Sun | November 2, 2010
GSE Systems, a Sykesville-based developer of simulation and training systems for the power-generation and manufacturing industries, announced Tuesday the appointment of Jim Eberle as its new chief executive officer. Eberle will also serve as a director to the company's board. Eberle replaces CEO John V. Moran, who retired on Oct. 31 and has become a consultant to the company. Eberle joined GSE as its chief operating officer in June. Hanah.cho@baltsun.com
BUSINESS
By Ross Hetrick and Ross Hetrick,Sun Staff Writer | August 8, 1995
Boosted by the acquisition of a Hunt Valley software company, GSE Systems Inc. of Columbia yesterday reported that second-quarter earnings more than doubled as sales went up 91.6 percent.The company, which makes computer programs to control industrial processes and simulate power plant controls and factory operations, reported quarterly earnings rose to $826,000, or 33 cents per share, compared with $375,000, or 15 cents per share, for the same period a year ago. Sales jumped to $22.8 million from $11.9 million.
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