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GSE Systems Invited to Attend Commercial Nuclear Mission to India

^{Published on 2008-11-25 06:23:15 - Market Wire}
 

SYKESVILLE, Md.--([ BUSINESS WIRE ])--GSE Systems, Inc. (GSE) (AMEX:GVP), a leading global provider of real-time simulation and training solutions to the power, process, manufacturing and Government sectors announced today that it has been invited to participate in the first commercial nuclear trade mission to India since the opening of India to civilian nuclear trade with the U.S. The U.S.-India Business Council (USIBC) in partnership with the Nuclear Energy Institute (NEI) and with certification by the U.S. Department of Commerce, will lead the mission which is scheduled to take place from December 2-9. It is the largest trade mission of U.S. commercial nuclear executives ever to visit India and will include more than 50 senior executives representing more than 30 of the world's leading commercial nuclear companies. Jack Fuller, CEO of GE-Hitachi, will be the official Mission Leader.

The USIBC-NEI mission will arrive in India just two months after the historic opening of India to civilian nuclear trade with the U.S. and the world. Announced on July 18, 2005 during the celebrated visit of PM Manmohan Singh to Washington, the U.S.-India nuclear deal was finally consummated with the signing, on October 9, of the U.S.-India 123 Agreement by Secretary of State Condoleezza Rice and Foreign Minister Pranab Mukherjee. India maintains one of the fastest growing economies in the world, and the government recently announced plans to add 20,000 megawatts of new nuclear power in the upcoming years.

The USIBC-NEI delegation will meet with senior Government of India officials, the leaders of India's top public-sector undertakings, and senior executive counterparts from India's rising global companies. Starting in New Delhi, the Mission will travel to Hyderabad and then Mumbai.

GSE Systems, Inc. provides training simulators and educational solutions. The Company has over three decades of experience, over 343 installations, and 100 customers in more than 40 countries. Our software, hardware and integrated training solutions leverage proven technologies to deliver real-world business advantages to the energy, process, manufacturing and government sectors worldwide. GSE Systems is headquartered in Sykesville, Maryland. Our global locations include offices in St. Marys, Georgia; Atlanta, Georgia; Sweden; and China. Information about GSE Systems is available via the Internet at [ http://www.gses.com ].