In October 2021, an indirect subsidiary of NEP acquired from subsidiaries of NEER ownership interests (October 2021 acquisition) in a portfolio of wind and solar generation facilities with a combined net generating capacity totaling approximately 589 MW located in various states across the U.S. The Site is wholly owned and is operated by, or on behalf of, GP Strategies Corporation, together with its subsidiaries (collectively referred to hereinafter as "GP Strategies", "we", "us" or "our"). Pollak's clever marketing strategy--offering Mercedes-Benzes, videocassette recorders, and gold coins to optometrists who placed large orders--caused the subsidiary's second-year shipments to double. You represent that you have the lawful right to submit such information and agree that you will not submit any information unless you are legally entitled to do so. Legal Name GP Strategies Corp. Stock Symbol NYSE:GPX. Scott N. Greenberg View Jim Dullinger, CPA, MBA'S profile on LinkedIn, the world's largest professional community. STRATEGIES . 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. Production problems stemming from inefficiencies in extracting interferon from leukocytes, or white blood cells, were helped by the company's Czech connection. General Physics specializes in management consulting, or performance improvement, offering training, consulting, and technical services to companies in various manufacturing fields, to government agencies, and to utilities. Its clients now include leading auto makers such as General Motors, Ford Motor Co., and Daimler Chrysler, steel makers Inland Steel, USX, and AK Steel, pharmaceutical firms such as Pfizer Corporation and Johnson & Johnson, computer and communications firms including IBM and AT&T, and consumer manufacturing companies such as Pepsi Cola and Anheuser Busch. St. James Press, 2004. The Company believes these non-GAAP financial measures are useful to investors in evaluating the Companys results. Cast molding maintained high optical lens quality but was more efficient in large-volume production. Operating Status Active. 1 on Form 10-K/A (the "Amendment") amends our annual report on Form 10-K for the year ended December 31, 2020, originally filed on March 12, 2021 (the "Original . All rights reserved. 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. In 1959, three New York City lawyers, Jerome Feldman, Martin M. Pollak, and Jess Larson began National Patent Development Corporation as a scouting service for dormant patents. 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. GP Strategies trades on the New York Stock Exchange as GPX. Founder Feldman was nearing 70, and he decided to sell GP Strategies. The spin-off was still pending as of May 2004. 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. Taking careers to the next level and growing businesses for over 25 years. GP STRATEGIES CORPORATION AND SUBSIDIARIES . However, we will not be responsible for the compatibility of the Site with your computer system, software and/or hardware. Prepared remarks regarding the companys financial and operational results will be followed by a question and answer period with GP Strategies executive management team. 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 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. Millennium Cell went public in 2001, and GP Strategies' stake in the company was valued at as much as GP Strategies itself. 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. 3,300 (July 2015) Subsidiaries: Technical Training, Inc., IC Axon Inc., GP Strategies Corporation List of Employees There's an exhaustive . GP STRATEGIES CORPORATION AND SUBSIDIARIES Non-GAAP Reconciliation -EBITDA (1) (Dollars in thousands) (Unaudited) Three months ended March 31, 2013 2012 Net income $ 4,925 $ 4,384 Interest expense 100 40 Income tax expense 2,543 2,950 Depreciation and amortization 1,958 1,858 We have reclassified the segment financial information herein for the prior year periods to reflect the changes in our segment reporting and conform to the current years presentation. American Hydron also began testing collagen, a protein produced from cowhide, in an attempt to displace Hydron in low-cost lens production. Its principal operating subsidiaries are the General Physics Corporation and MXL Industries. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Through the innovative process of "transformation," DNA molecules containing the genetic code for interferon could be extracted from human white blood cells and inserted into yeast cells, thereby producing interferon on a large scale. Most promising of all was a reactive chemical that showed potential for dissolving tooth decay, thus replacing drilling. In response to federal cutbacks in the Departments of Defense and Energy, General Physics began focusing on expanding its management and technical training services as well as specialized engineering services to manufacturers and federal agencies. He also recruited a Russian professor to train company chemists in the production of interferons, a group of proteins produced by the body's immune system to help combat disease. GP STRATEGIES CORPORATION AND SUBSIDIARIES, Basic weighted average shares outstanding, Diluted weighted average shares outstanding. Management uses Adjusted EPS to assess total Company operating performance on a consistent basis. The scope will supplement the internal University of Springs Utilities capability. Principal Subsidiaries: General Physics Corporation; Five Star Group, Inc.; MXL Industries, Inc. The employment of outside professional firms or individuals to act as agents for the After accounting for special items, which are set forth in the Non-GAAP Reconciliation Adjusted EPS below, Adjusted EPS was $0.73 and $0.84 for 2020 and 2019, respectively. ISI would alter individual yeast cells for use by Anheuser to produce billions of offspring. All copyrights and any other intellectual property rights in the contents of the Site including, but not limited to, the design, text, graphics, software and other materials (Materials) contained therein and their arrangement are owned exclusively by GP Strategies and its licensors. The company looked much more focused in the late 1990s, but it still had its troubles. The sale was effective January 1, 2020. These Terms of Use may be amended, updated or modified by us from time to time. Our full details, together with contact information are set out below. 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- If you have any queries in connection with these Terms of Use, or if you should feel the need to address a complaint to us in connection with the Site or the provision of any services provided by us to you, please send the same to our address for correspondence set out below. 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. In July 2021, it was reported[10] that London-based Learning Technologies Group will acquire GP Strategies Corporation, a workforce transformation solutions firm. Non-GAAP Reconciliation Adjusted EPS (4), Foreign currency transaction (gain) losses, Legal acquisition/divestiture and transaction costs, Settlement of contingent consideration in shares. 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. 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. This is all travel so be prepared. This website uses cookies to provide you with an improved and personalized experience. The Internet has inherited dangers; we take reasonable measures to ensure a fast, reliable and secure service. Wichterle devised a novel application for a new plastic compound called Hema, which turned soft and pliable when infused with a liquid. This development project is designed to significantly enhance their existing Skill Acquisition and Maintenance Program (SAMP) that is used to qualify and progress employees in their respective careers. GPX, a focused company that is being . In addition to its interferon subsidiary, the Medical Group included dental products, such as the Caridex (R) Caries Removal System. Subsidiary Status Active Founded 1966 HQ Columbia, MD, US | view all locations Website . We're at our best when driving innovation - integrating leading technologies, developing new learning paradigms, and instituting fresh business processes and measurement approaches. Finally, we can read about how these great companies came about with Company Histories.. SGLG was a holding company with a 35 percent interest in GSE Systems, a company specializing in simulator software. September 30, September 30, 2020. Two years later, he spun off NPS Waste Technologies, an innovator in particle-glass filtering mechanisms for radioactive waste. 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. References in this report to "GP Strategies," the "Company," "we" and "our" are to GP Strategies Corporation and its subsidiaries, collectively. elkridge, md. Gaining approval to sell the product in Mexico in the mid-1990s, ISI also sought regulatory approval to market Alferon N Injections in Austria, Canada, Hong Kong, Israel, Singapore, and the United Kingdom. The company also had investments in Hydro Med Sciences (HMS), a health care business, and GTS Duratek, Inc., an environmental technology firm, as well as continuing investments in ISI. Copyright (c) 2022 Company-Histories.com. Adjusted Earnings per Diluted Share ("Adjusted EPS"), which is a non-GAAP financial measure, is defined as earnings per diluted share excluding the gain or loss on the change in fair value of acquisition-related contingent consideration and special charges, such as restructuring, and other unusual or infrequently occurring items of income or expense. Established in 1979 as International Hydron Corporation to manufacture and sell contact lenses in the United States, the subsidiary produced its first earnings in 1982. - jan. 25, 2007 - global performance improvement solutions provider general physics corporation (gp), the operating subsidiary of gp strategies corporation (nyse:gpx), announced today that on january 23, 2007 it completed its previously announced acquisition of certain operating assets and the business of sandy corporation (sandy), [9]. Non-GAAP Reconciliation - EBITDA (1) (In thousands) (Unaudited) Quarters ended . GP STRATEGIES CORPORATION. GP Strategies Corp., International Business Machines Corp . 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. Effective January 1, 2012, GP Strategies merged with and into General Physics, eliminating the holding company structure. Elkridge, MD. In 1987, NPD sold its interest in both International Hydron and Abbey Medical, Inc., a renter and seller of durable medical equipment. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. GP is a global performance improvement solutions provider of sales and technical training, e-Learning solutions, management consulting and engineering services. The express provisions of these Terms of Use are in place of all warranties, conditions, terms, undertakings and obligations implied by statute, common law, custom, trade usage, course of dealing or otherwise, all of which are excluded to the fullest extent permitted by law. The Company has scheduled an investor conference call and webcast for 10:00 a.m. Eastern Time on Thursday, March 11, 2021. National Patent then signed an agreement with Amtorg, the U.S.-based Soviet trade wing. ISI, a biopharmaceutical company, continued to be involved principally in the production and sale of Alferon N Injections. (443) 255-3400. Surprisingly, despite Cold War tensions, the Soviets were willing to deal to obtain American dollars and invited them to visit. gp strategies corp : termination of a material definitive agreement, completion of acquisition or disposition of assets, notice of delisting or failure to satisfy a continued listing rule or standard; transfer of listing, material modification to rights of security holders, changes in control or registrant, change in directors or principal Beginning in 1996, National Patent went in a new direction, consolidating its business and changing its name. In addition, this group also developed, manufactured, and marketed products and services used in the clean up of low-level radioactive material from waste water at utility-operated nuclear power plants. Its principal operating subsidiaries are the General Physics Corporation and MXL Industries. The company will deliver training, consulting and business improvement services, customized to the needs of each client. Jim has 14 jobs listed on their profile. Please read our cookies policy for more information on the cookies we use. To learn more about PerformTech, Inc., visit http://www.performtech.com/. Your statutory rights are not affected by this disclaimer. It is important to remember that by using the Site and any of the products, services or other sites available via the Site, you agree to be bound by and act in accordance with these terms and conditions (Terms of Use) without limitations or qualifications. 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. The Company had operating income of $12.2 million for the fourth quarter of 2020, a $3.2 million decrease compared to operating income of $15.3 million for the fourth quarter of 2019. GP Strategies' Alternative Fuels Division has been a market leader in the design, fabrication, 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. It also has investments in Valera Pharmaceuticals, involved in cancer drug development, and Five Star Products, Inc., which makes home improvement and decorating items. GP STRATEGIES CORPORATION AND SUBSIDIARIES Non-GAAP Reconciliation - Adjusted EBITDA (1) (Dollars in thousands) (Unaudited) Three months ended March 31, 2011 2010 Net income $ 2,590 $ 2,171 Interest expense 33 50 Income tax expense 1,848 1,567 Depreciation and amortization Gain on change in fair value of contingent consideration, net COLUMBIA, Md., Jan. 8, 2020 /PRNewswire/ -- GP Strategies Corporation (NYSE: GPX) has divested its Alternative Fuels Division to Nikkiso Cryogenic Industries' Clean Energy and Industrial Gases Group, a subsidiary of Nikkiso Co., Ltd (Japan). Adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA)is a widely used non-GAAP financial measure of operating performance. Through NPD Trading, ADC's various activities involved developing and assisting Western businesses to create trading, manufacturing, and investment opportunities in Russia, the Czech and Slovak Republics, and other countries in Eastern Europe and the CIS. GP Strategies Corporation 69,682 followers 3h The entire ecosystem for the when, where, and how we work and learn is being disrupted. 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. 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. GP Strategies Corporation has 2 employees at this location. He soon controlled one of the largest interests in NPD after the combined holdings of Feldman and Pollak. This achievement essentially transformed ISI from a research and development firm into an operating pharmaceutical company. GP STRATEGIES CORPORATION AND SUBSIDIARIES Chairman of the Board and Chief Executive Officer President and Chief Financial Officer Vice President and General Counsel Corporate Secretary Director of Taxes Assistant Treasurer OPERATING COMPANIES Five Star Products, Inc. 903 Murray Road E. Hanover, NJ 07936 General Physics Corporation 6095 . 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. 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. From 2005 to 2011, GP Strategies was a holding company, consisting solely of its wholly owned operating subsidiary, General Physics. See insights on GP Strategies including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. External Public Records. (Employees figure is modelled). The deal is worth an estimated $394million. Incorporated in Delaware in December 1982, Duratek's operations comprised two principal groups. By breaching the above provisions, you would commit a criminal offense under applicable law. 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. Anheuser's advanced fermentation technology for cultivating yeast cells proved to be the solution to the interferon production problem. Mr. Joe Nasal, Senior Vice President for GP Energy Services stated, GP has supported Colorado Springs Utilities for almost 20 years, and we are very proud of our strong relationship. (410) 379-3640, Sharon Esposito-Mayer for advertising or promotion purposes, or for the purpose of informing or influencing any third party. GP STRATEGIES CORPORATION AND SUBSIDIARIES Non-GAAP Reconciliation - EBITDA (1) (In thousands) (Unaudited) Quarters ended Six months ended June 30, June 30, 2016 2015 2016 2015 Net income $ 4,913 $ 4,714 $ 8,713 $ 8,821 . This website uses cookies to provide you with an improved and personalized experience. Net cash provided by operating activities. Prepaid expenses and other current assets, Current portion of operating lease liabilities, Long-term portion of operating lease liabilities, Total liabilities and stockholders equity. 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. 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. Rabinowe & Co., Inc., acquired in 1985, and Interstate Paint Distributors Inc., acquired in 1986. 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. All notices to be given by us to you in connection with these Terms of Use shall be sufficiently given when posted on the Site, forwarded to you via the email address you have provided to us, or by updating these Terms of Use which will be available to you when you click on the Legal Information link included on the bottom of each web page comprising the Site. Chief Financial Officer As a group, sales of these biopharmaceuticals approached $2 billion in 1994. Chief Executive Officer From time to time you may be asked to register your details with us in order to receive products or services or to enter contests. GP is working with Springs Utilities to develop site-specific training materials for all classifications of plant operators and maintenance technicians across the fleet. No changes to these Terms of Use shall be valid except where they have been agreed to by us and confirmed in writing. ALL UPLOADS BY YOU TO THE SITE, WHETHER INTO A PUBLIC FORUM OR NON-PUBLIC FORUM, SHALL BE AT YOUR OWN RISK AND GP STRATEGIES TAKES NO RESPONSIBILITY FOR THE USE OR MISUSE OF ANY SUCH UPLOADED INFORMATION BY ANY OTHER USER OF THIS SITE. General Physics also find the U.S. Army, the U.S. Navy, and the U.S. Spincasting was particularly suited for large-volume manufacture with low labor costs. It lost money in 1998 and 1999 on its investment in ISI when the FDA failed to approve a key product. In November 2004, GP Strategies spun off its non-core assets into a separate corporation which was named National Patent Development Corporation. These products were undergoing clinical trials during the mid-1990s. Source: International Directory of Company Histories, Vol.64. After accounting for special items, which are set forth in the Non-GAAP Reconciliation Adjusted EPS below, Adjusted EPS was $0.38 and $0.23 for the fourth quarter of 2020 and 2019, respectively. NPD organized its American Drug Company (ADC) subsidiary in 1993 to distribute general pharmaceuticals and medical products in Russia and the Commonwealth of Independent States (CIS), countries which formerly composed the defunct Soviet Union. GP Strategies Corporation. In 1960 it went public. For instance, two of National Patent's earliest products, surgical staples and soft contact lenses, had very different fortunes. While GP Strategies continued to own MXL Industries, Hydromed, Five Star, and various other assorted subsidiaries and investments, it focused on General Physics, which had more than 2,000 employees in 75 offices worldwide by the late 1990s. | May 22, 2022 | GP Strategies Training Limited is a wholly owned subsidiary of GP Strategies Corporation. . 3.4 Fees to Agents .
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