GVP - GSE Systems awarded $800K contract

• GSE Solutions ( NASDAQ: GVP ) has been awarded a new contract in partnership with a nuclear fuels, technology and services supplier to support a large US-based utility with new engineering program services supporting a 24-month fuel cycle operation project.
• The project involves a tailored approach to achieving 24-month fuel cycles for a prominent nuclear generating station, where refueling is a critical step in maintaining operational efficiencies and major cost savings.
• This award is through a longtime, broad GSE partnership with the provider, valued at ~$800K.
• The contract agreement includes GSE management of several complex engineering programs delivered directly to the nuclear power plant.
• "GSE is excited to support the industry's newest fuel operational shift to 24-month cycles by applying our many years of Engineering Programs expertise to innovative fuel solutions that optimize customers' existing generation assets." said Kyle Loudermilk, President and CEO, GSE Solutions.

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