GP Strategies Announces Agreement with Structural Integrity

COLUMBIA, Md., Feb. 27, 2018 /PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) today announced a formal agreement with Structural Integrity Associates, Inc. (SI) to bring SI's best-in-class boiler and piping reliability expertise to the GP Strategies EtaPRO™ real-time monitoring platform.

SI, an industry leader in condition assessment and lifecycle management of critical power plant components, holds deep expertise that has been embedded in engineering software for evaluating extreme duty material performance. EtaPRO is used worldwide by leading power-generating organizations to monitor the performance and reliability of their generation assets.

EtaPRO users will benefit from leading-edge Boiler and Piping Component Reliability (BPCR) modules developed by SI to quantify damage to high-pressure, high-temperature components such as tubing, piping, headers, and desuperheaters. The BPCR modules track and trend accumulated creep and fatigue damage in real time using SI's proprietary algorithms that combine actual operating data and material condition with a plant's specific configuration. Plant operators can use the resulting life consumption estimates to guide asset management decisions, such as changes in operating procedures, targeted inspections, or off-line analysis of anomalous conditions. The BPCR modules in EtaPRO embed SI's life prediction algorithms, which are based on decades of field inspections on thousands of conventional fossil and combined cycle plant components.

Richard DesJardins, Vice President of GP Strategies, stated, "We are pleased to be working with Structural Integrity Associates to bring their domain experience to our existing and new EtaPRO customers. Now, in addition to rotating machinery, heat exchangers, and the overall plant, EtaPRO users can gain further insight into the condition of their high-pressure boiler and piping components."

Ian Perrin, Vice President of SI, stated, "Online tracking of asset integrity is particularly valuable in today's power market, which demands flexible plant operation. We are excited to bring our suite of damage-tracking applications to the world-class EtaPRO platform, and I'm sure EtaPRO users will appreciate the expanded capability for condition-based pressure-part integrity management."

About GP Strategies
GP Strategies Corporation is a global performance improvement solutions provider of training, digital learning solutions, management consulting, and engineering services. GP Strategies' 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 at www.gpstrategies.com.

About Structural Integrity Associates 
Structural Integrity Associates, Inc. is an international leader in asset lifecycle and condition assessment solutions, and provides technical expertise to power plants, oil and gas pipelines, and critical facilities and infrastructure. With headquarters in San Jose, CA, Structural Integrity serves clients worldwide through branch offices located throughout the US.  Additional information may be found at www.structint.com. 

Forward-Looking Statements 
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," "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 because of new information, future events, or otherwise.

© 2018 GP Strategies Corporation. All rights reserved. GP Strategies and the GP Strategies logo design are trademarks of GP Strategies Corporation.

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SOURCE GP Strategies Corporation