COLUMBIA, MD – May 11, 2020 – GSE Systems, Inc. (“GSE Solutions” or “GSE”) (Nasdaq: GVP), a leader in delivering and supporting end-to-end training, engineering, compliance, simulation, and workforce solutions to the power industry, today announced the sale of a five-year software subscription of its EnVision cloud-based simulator learning software to Shell for $1.65 million.
Shell has been a global user of GSE’s locally installed EnVision simulations and tutorials for refining system operations since 2005. This new agreement updates the customer to the software as a service (SaaS) platform providing Shell employees around the world with on-demand access to 60 generic process simulation models, nearly 30 tutorials in 5 different languages and the flexibility to do ad hoc training without the need to travel to a dedicated training center.
“At Shell we want our employees engaged in active and immersive experiences that result in aha learning moments. These are the moments where a learner gains significant intellectual or emotional insight through the experience of seeing cause and effect relationships and the impact of what-if process simulation scenarios,” said Brent Kedzierski, Head of Shell Learning Strategy and Innovation. “The transition to the EnVision SaaS platform enables simplified deployment and maintenance, as well as accelerated system enhancements and learning content updates. This represents another step Shell is taking to make more innovative learning and development solutions available to employees world-wide through virtual delivery.”
“This sale demonstrates the value Shell places on advanced learning methods such as simulation,” said Gill Grady, Senior VP of Sales of GSE Solutions. “In addition to the new platform, they will have access to the latest learning tools such as EnVision’s self-paced critical thinking exercises that teach and refresh employees on how to objectively navigate plant operations more effectively and accurately.”
In addition to the contract with Shell, GSE has helped upgrade others oil and gas customers to the new SaaS platform and has increased its subscriber-base totaling over $2.3 million in sales in just the last few months.
ABOUT GSE SOLUTIONS
We are the future of operational excellence in the power industry. As a collective group, GSE Solutions leverages top skills, expertise and technology to provide highly specialized solutions that allow customers to achieve the performance they imagine. Our experts deliver and support end-to-end training, engineering, compliance, simulation, and workforce solutions that help the power industry reduce risk and optimize plant operations. GSE is proven, with over four decades of experience, more than 1,100 installations, and hundreds of customers in over 50 countries spanning the globe. www.gses.com
The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this press release, the expression “Shell” is sometimes used for convenience where references are made to those entities individually or collectively. Likewise, the words “we”, “us” and “our” are also used to refer to Shell companies in general or those who work for them. These expressions are also used where no useful purpose is served by identifying specific companies.