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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. 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. October 29, 2009 Global performance improvement solutions provider General Physics Corporation (GP), the operating subsidiary of GP Strategies Corporation (NYSE: GPX), announced today that it has been awarded a contract to provide customized business support and development and content development to Colorado Springs Utilities (CSU), a leading power company headquartered in Colorado Springs, Colorado. The terms Adjusted EBITDA and Adjusted EPS are non-GAAP financial measures that the Company believes are useful to investors in evaluating its results. The company was renamed DaimlerChrysler upon acquiring . General Physics had expanded its service offerings in the mid-1990s through acquisitions, and it had grown from a specialist in nuclear engineering to a consulting firm with expertise in materials management, seismic engineering, systems engineering, and safety analysis, with clients across the globe. We make statements in this press release that are considered forward-looking statements within the meaning of the Securities Exchange Act of 1934, including statements about the anticipated effects of the COVID-19 pandemic and related events on our business and results of operations. If you are found at any time to be in breach of these Terms of Use, your right to use the Site will cease immediately and you must, at our option, return or destroy copies of any Materials you have made. At the same time, NPD's Interferon Sciences, Inc. (ISI) subsidiary was moving toward marketing a host of interferon-based treatments for viral diseases. For 2001, sales were flat, though the company was back in the black. We will not be liable if for any reason the Site (or any part thereof) is unavailable at any time or for any period. | GP Strategies Training Limited is a wholly owned subsidiary of GP Strategies Corporation. Founded Date 1959. We will report any such breach to the relevant law enforcement authorities and cooperate with those authorities by disclosing your identity to them. Its principal operating subsidiaries are the General Physics Corporation and MXL Industries. In 1987, NPD sold its interest in both International Hydron and Abbey Medical, Inc., a renter and seller of durable medical equipment. This Site and any services or Materials accessible via the Site is provided as is. If you attempt to bring any legal proceedings against us, you specifically acknowledge that we are free to choose the jurisdiction of our preference as to where such action against us may be held. These products were undergoing clinical trials during the mid-1990s. Unless otherwise specified, the trademarks, service marks, designs, and logos (collectively, the Trademarks) displayed on the Site are the registered or unregistered Trademarks of GP Strategies, its licensors, or customers. In the meantime, GP Strategies increased its stake in GSE, the simulation company it had owned in part since the early 1990s. Alferon N Gel, a topical application, had potential for treating cervical dysplasia, recurrent genital herpes, other viral diseases, and cancers. 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. A year later, industry leader Bausch & Lomb considered American Hydron its major competitor in the sale of daily-wear soft contacts. You must not misuse or in any way attempt to damage the Site (or any part of it) including, but not limited to, by knowingly introducing viruses, trojans, worms, logic bombs or other material which is malicious or technologically harmful. We are especially pleased that this important project involves specific performance incentives related to quality, schedule compliance, and worker safety.. The agreement gave Bausch & Lomb exclusive license to the new lens material and Wichterle's spinning and manufacturing technology. GP Strategies' other principal operating unit is the wholly owned subsidiary MXL Industries, Inc. MXL specializes in the manufacture of specialized molded and coated plastic goods, including optical products, shields, and face masks. General Physics also acquired all of the assets of SGLG, Inc. for approximately $34 million. This achievement essentially transformed ISI from a research and development firm into an operating pharmaceutical company. Company Type For Profit. An FDA-approved product that showed promise in removing tooth decay without the need for drilling, Caridex was the same failed dental plaque remover that had shown false promise a decade earlier. GP Strategies took a huge charge in 2000 because of the problems with the learning technologies group and posted a loss of $34.3 million for the year. GP Strategies Corporation was founded in 1959 as a venture capital firm focusing on technology companies. In 1998, NPDC changed its name to GP Strategies Corporation. Feldman was interested in new technology, whatever the industry, and he was not always successful in picking winners. In addition, our revenue for the quarter and year ended December 31, 2020 decreased $6.3 million and $19.3 million respectively, compared to revenue for the fourth quarter and year ended December 31, 2019 as the result of business divestitures. The Company has scheduled an investor conference call and webcast for 10:00 a.m. Eastern Time on Thursday, March 11, 2021. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Anheuser's advanced fermentation technology for cultivating yeast cells proved to be the solution to the interferon production problem. Legal Name GP Strategies Corp. Stock Symbol NYSE:GPX. Adjusted EBITDA should not be considered as a substitute either for net income, as an indicator of the Companys operating performance, or for cash flow, as a measure of the Companys liquidity. | April 7, 2022 For the periods presented, these other items are stock compensation related to severance, restructuring charges, severance expense, change in paid time off policy, gain on change in fair value of contingent consideration, net, ERP implementation costs, foreign currency transaction (gains) losses, legal acquisition and transaction costs, impairment of operating lease right-of-use asset, gain on sale of business and loss on settlement with foreign oil and gas client. Non-GAAP Reconciliation Adjusted EPS (4), Foreign currency transaction (gain) losses, Legal acquisition/divestiture and transaction costs, Settlement of contingent consideration in shares. GP Strategies Corp. (NYSE: GPX; formerly General Physics Corporation) is a provider of sales and technical training, E-learning, management consulting and engineering services headquartered in Columbia, Maryland. Departments of Defense and Energy, Fortune 500 companies, and other commercial and governmental clients. Phone Number +1 443 367 9600. Industry: Management consulting company Description. By using this site you agree to our use of cookies. Prepared remarks regarding the companys financial and operational results will be followed by a question and answer period with GP Strategies executive management team. Since the 1970s, HMS was involved in the development of human and veterinary drugs and dental and medical devices. According to Jerry Forte, CEO of CSU, Our partnership with GP and this latest contract award emphasizes our commitment to improving the continuous education of our employees. GPX, a focused company that is being . Under this contract, customized resources will be provided for Springs Utilities employees at four locations; the Martin Drake, Ray D. Nixon, Birdsall, and Front Range Power generating stations. In 1995, General Physics acquired Cygna Energy Services, a provider of design engineering, materials management, and safety analysis services to the nuclear power industry. These Terms of Use may be amended, updated or modified by us from time to time. GP Strategies Reports Strong Fourth Quarter 2020 Financial Results, https://services.choruscall.com/links/gpx210311.html, https://dpregister.com/sreg/10152663/e33e7cf2b3, Transparency in Coverage MRFs United Healthcare, The Modern Slavery Act Disclosure Statement. Contact Email investors@gpstrategies.com. ISI would alter individual yeast cells for use by Anheuser to produce billions of offspring. You must not attack the Site via a denial-of-service attack or a distributed denial-of service attack. For a reconciliation of these non-GAAP financial measures to the most comparable U.S. GAAP equivalent, see the Non-GAAP Reconciliations, along with related footnotes, below. The companies said that, once the transaction is complete, theyll form one of the world's largest solutions providers for businesses as they recast themselves. Its principal operating subsidiaries are the General Physics Corporation and MXL Industries. Elkridge, MD, December 4, 2009 - GP Strategies Corporation (NYSE: GPX), announced that its principal operating subsidiary, global performance improvement solutions provider General Physics Corporation, has acquired Option Six, Inc., a provider of custom courseware development with expertise in the software and pharmaceutical industries. Effective January 1, 2012, GP Strategies merged with and into General Physics, eliminating the holding company structure. GP Strategies' Alternative Fuels Division has been a market leader in the design, fabrication, By 1987, American Hydron was producing contact lenses using three distinct methods--lathing, cast molding, and spincasting, each having its own production and marketing advantages. The deal was slow to come to fruition. GP is a global performance improvement solutions provider of sales and technical training and e-Learning solutions, management consulting and engineering services. Daimler-Benz was formed with the merger of Benz & Cie. and Daimler Motoren Gesellschaft in 1926. To listen to the replay, dial 800-642-1687 or 706-645-9291, using conference ID number 49207820. Jim has 14 jobs listed on their profile. Adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA)is a widely used non-GAAP financial measure of operating performance. This new name emphasized the importance to the parent company of its General Physics subsidiary. The scope will supplement the internal University of Springs Utilities capability. GP Strategies Corporation, formerly National Patent Development Corporation (NPD), is primarily a holding company, a legal entity separate and distinct from its various operating subsidiaries. St. James Press, 2004. General Physics also find the U.S. Army, the U.S. Navy, and the U.S. The Companys revenue decline when compared to the quarter and year ended December 31, 2019 is primarily due to circumstances related to the macroeconomic impact of COVID-19, specifically the postponement of certain training events and other delays in client projects. decoding words for adults; davin bellamy georgia; 47 brand extended size clean up baseball cap; team gb winter olympics opening ceremony; good mythical morning new GP Strategies $473.11 m in annual revenue in FY 2020. After the Bausch & Lomb agreement, Feldman searched for other uses for Hema, which had been trademarked as Hydron. Effective January 1, 2012, GP Strategies merged with and into General Physics, eliminating the . The webcast will be archived on the Investors section of GP Strategies website and will remain available for 90 days. In addition, ISI acquired the worldwide rights from Amarillo Cell Culture for the oral administration of natural interferon, apparently effective in boosting the immune system. Through the mid-1990s, NPD had operated in a host of different areas, with little tying together its various products and services. Lundi 24 octobre, la circulation des TER autour de Strasbourg sera fortement perturbe en raison d'un mouvement social local. Headquarters Address [en] 11000 Broken Land Parkway. However, we are not obliged to update the Sites Materials and, although we aim to keep the Site as up to date as possible, Materials on the Site may be out of date at any given time. This money aided Interferon Sciences' clinical trials of an interferon ointment for treating genital herpes--which afflicted an estimated 20 million in the United States alone--and allowed the company to begin testing a treatment for genital warts. By using this site you agree to our use of cookies. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. This became part of General Physics' Information Technologies group. GP Strategies had revised its revenue projection for the fourth quarter due to poor performance at its new learning technologies group, and VS&A backed out. NCAGE Code. By Company Policy GP-C-18, GP Strategies does Not Sell or Buy Personal Information and has no intent to start. If you do not wish to be bound by these Terms of Use, you should not access or use the Site. Additional information may be found at http://www.gpworldwide.com. GP Strategies insights Based on 92 survey responses What people like Time and location flexibility Areas for improvement Sense of belonging Overall satisfaction Fair pay for job Great Product Trainer (Former Employee) - Minneapolis, MN - October 12, 2022 Great team who cares about others success. Cast molding maintained high optical lens quality but was more efficient in large-volume production. GP Strategies Corporation (NYSE: GPX) is a global workforce transformation solutions provider of training, digital learning solutions, management consulting and engineering services. In spite of Allen's help, NPD continued to be plagued by marketing mishaps and technological failures. GP Strategies Corporation. As a group, sales of these biopharmaceuticals approached $2 billion in 1994. We believe that this non-GAAP financial measure, which excludes the gain on change in fair value of acquisition-related contingent consideration and other special charges, when considered together with our U.S. GAAP financial results, provides management and investors with an additional understanding of our business operating results, including underlying trends. Although the partners found a major cosmetics manufacturer, problems arose when each company told them to get their fee from the other. It acquired a training and consulting company that gave it a significant slice of the automotive industry training market. In addition, because Adjusted EBITDA may not be calculated identically by all companies, the presentation here may not be comparable to other similarly titled measures of other companies. The Technology Group converted radioactive and hazardous waste to glass by means of in-furnace vitrification processes, as well as specializing in removing radioactive and hazardous contaminants from waste water through a filtration and ion process. The current version of these Terms of Use will always be available at our web site,www.gpstrategies.com, by clicking on the Legal Information link which is included on the bottom of each web page comprising the Site. In Czechoslovakia, they met Otto Wichterle, polymer chemist at the Czechoslovak Academy of Sciences. GP Strategies Corporation, formerly National Patent Development Corporation (NPD), is primarily a holding company, a legal entity separate and distinct from its various operating subsidiaries. In addition, because these measures may not be calculated identically by all companies, the presentation here may not be comparable to other similarly titled measures of other companies. Operating Status Active. General Physics would continue to focus on business and information training and technology. GP is a global performance improvement solutions provider of sales and technical training, e-Learning solutions, management consulting and engineering services. Throughout the 1970s and 1980s, GP expanded its service offering and industry focus through internal investment and acquisitions that expanded its reach into environmental, energy, IT, and other government markets. GP Strategies Overview Update this profile Founded 1959 Status Acquired/ Merged Employees 4,343 Latest Deal Type M&A Financing Rounds 8 Investments 28 General Information Description GP Strategies Corp provides training, e-Learning solutions, management consulting, and engineering services. Privacy Policy, Curan, John J., "National Patent Rises Again,", Doba, Jinida, "MXL Industries Getting a Buyer,", Marcial, Gene G., and Jeffery M. Laderman, "Why National Patent Is Feeling No Pain,", "National Patent Development Corp: Soft Lenses Now Mean Hard Profits for This Fallen Angel,". You may only use the Site for lawful purposes. GP STRATEGIES CORPORATION AND SUBSIDIARIES . An agreement was made with the Purdue Fredrick Company, a privately owned multinational drug company, to market Alferon N Injections in the United States and abroad. The Physical Science Group consisted of SGLG, Inc. (formerly GPS Technologies), of which NPD had a 91 percent controlling interest, and General Physics Corporation, approximately 51 percent owned. "We are proud of the accomplishments of the Company in 2020," stated Adam Stedham, Chief Executive Officer and President of GP Strategies. Principal Subsidiaries: General Physics Corporation; Five Star Group, Inc.; MXL Industries, Inc. Our full details, together with contact information are set out below. GP is the principal operating subsidiary of GP Strategies Corporation (NYSE: GPX). General Physics continued to grow by acquisition, buying up a Seattle, Washington, management consulting firm, Deltapoint, in 1998. The conference call may be accessed via webcast at: https://services.choruscall.com/links/gpx210311.html or by calling +1 (833) 535-2204 within the US, or + 1 (412) 902-6747 internationally, and requesting the "GP Strategies Call." Additionally, our success in reducing long-term debt, and increasing cash, place the Company in a strong position to capitalize on opportunities that may arise.". Transparency in Coverage MRFs United Healthcare, The Modern Slavery Act Disclosure Statement. Scott N. Greenberg For instance, two of National Patent's earliest products, surgical staples and soft contact lenses, had very different fortunes. Originally, GP provided technical services to the Navy Submarine Nuclear Power Program in the areas of operations, safety, and training. Interferon Sciences (ISI) received FDA approval of its Alferon N Injection, an alpha interferon product derived from human leukocytes developed for the treatment of recurring genital warts in patients 18 years or older. The Internet has inherited dangers; we take reasonable measures to ensure a fast, reliable and secure service. | May 22, 2022 Through the 1970s, National Patent's fortunes rested on a $14 million settlement from Bausch & Lomb. Net cash provided by operating activities. Elkridge, MD. Allen took Feldman as a client, arranged private infusions of cash, and bought NPD stock even when times appeared bleakest. By using this site you agree to our use of cookies. GP Strategies Corporation was founded in 1959 as a venture capital firm focusing on technology companies. The Services Group provided consulting, engineering, and training services, as well as technical personnel, assistance with nuclear power outages and operations, and Department of Energy environmental restoration projects. COLUMBIA, Md., Jan. 8, 2020 /PRNewswire/ -- GP Strategies Corporation (NYSE: GPX) has divested its Alternative Fuels Division to Nikkiso . In the event of such a breach, your right to use the Site will cease immediately. Unless expressly stated otherwise herein, any information submitted by you through the Site shall be deemed non-confidential and non-proprietary. The company developed the Syncro-Mate BR implant for the synchronized breeding of bovine heifers, the first veterinary implant drug to be approved by the FDA. NPD's interests in environmental technology centered on GTS Duratek, Inc. As of March 1, 1995, NPD decreased its holdings of Duratek's outstanding shares of common stock from 61 to 40 percent. You are responsible for complying with the laws of the jurisdiction from which you are accessing the Site and you agree not to access or use the information on the Site in violation of such laws. A few months later, the company moved its stock from the American Exchange to the more prestigious New York Stock Exchange. Beginning in 1996, National Patent went in a new direction, consolidating its business and changing its name. Please read our cookies policy for more information on the cookies we use. Spincasting was particularly suited for large-volume manufacture with low labor costs. It is presented as supplemental information that the Company believes is useful to investors to evaluate its results because it excludes certain items that are not directly related to the Companys core operating performance. As GP Strategies, the company was very different from the old National Patent. Hema was originally intended for making artificial veins and body organs, but Wichterle found that spinning a droplet of Hema in a thimble-size dish could produce a soft contact lens. For example, a malfunction in an intravenous control system forced an expensive recall, and the company fell more than a year behind schedule in developing and marketing a solar energy cell. 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. Non-GAAP Reconciliation - Adjusted EBITDA (3) (In thousands) (Unaudited) Quarters ended. Millennium Cell went public in 2001, and GP Strategies' stake in the company was valued at as much as GP Strategies itself. Arena Investors is a hedge fund with 25 clients and discretionary assets under management (AUM) of $2,470,506,721 (Form ADV from 2022-06- It is the policy of GP Strategies Corporation that the Chief Financial Officer, the Director of Finance and the senior officers in the Accounting and Finance Department of each of GP Strategies Corporation and its subsidiaries (hereinafter sometimes collectively referred to as "Company") adhere to and advocate the following principles governing . 3.4 Fees to Agents . GP STRATEGIES CORPORATION AND SUBSIDIARIES Non-GAAP Reconciliation - EBITDA (1) (In thousands) (Unaudited) Quarters ended Nine months ended September 30, September 30, 2014 2013 2014 2013 Net income $ 7,244 $ 6,143 $ 19,674 $ 16,315 Interest expense 117 90 399 256 Participants must be logged in via telephone to submit a question to management during the call. This is all travel so be prepared. GP STRATEGIES CORPORATION AND SUBSIDIARIES Non-GAAP Reconciliation -EBITDA (1) (Dollars in thousands) (Unaudited) Three months ended March 31, 2014 2013 Net income $ 4,317 $ 4,925 Interest expense 205 100 Income tax expense 2,810 2,543 Depreciation and amortization 2,408 1,958 We make no promises of any kind about the suitability, reliability, timeliness, and accuracy of the services offered or Materials posted on the Site for any purpose. General Physics provided numerous services, including personnel training and engineering, environmental, and technical support, to commercial nuclear and power utilities, the U.S. Larson also saw the possibility of reaping substantial profits developing new commercial products from forgotten patents. NPD's Consumer and Service Group distributed home and garden products, as well as produced paint, paint specialties, coated and molded plastic products, and electronic components through several subsidiaries: J. Levin & Co., Inc., E. 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