General Physics Corporation
NYSE : GPX

November 04, 2005 10:19 ET

General Physics Corporation Expands Training Services to Pratt & Whitney Canada; General Physics Canada to Provide Outsourced Training Administration and Consulting Services

ELKRIDGE, Md.--(CCNMatthews - Nov 4, 2005) -

Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE:GPX), has been chosen by Pratt & Whitney Canada (P&WC) to provide outsourced training services through GP's Canadian operating division, General Physics Canada. Pratt & Whitney Canada is part of United Technologies Corp. (NYSE:UTX) subsidiary Pratt & Whitney.

Since 2003, GP has supported United Technologies Corporation's (UTC) Learning and Development organization by providing a suite of services that includes training administration, logistics support, tuition management, vendor payment, and stock award processing for all of UTC's U.S.- based businesses. GP has expanded its training support services to Pratt & Whitney Canada and provides resources both on site at P&WC in Longueuil, Quebec and from GP's Montreal office. These services transfer training, purchasing and administrative responsibilities from P&WC's staff to GP, as the single point of contact. Furthermore GP's support ensures consistent, quality training services across P&WC's organizations.

General Physics Corporation has provided training outsource services for over 19 years, and its training administration and logistics processes are ISO9001:2000 registered. Adherence to these processes ensures that services, products, and processes meet the highest industry standards.

About Pratt & Whitney Canada

P&WC, based in Longueuil, Quebec, is a world leader in aviation engines powering business and regional aircraft and helicopters. The company also offers advanced engines for industrial applications. P&WC's operations and service network span the globe. Additional information may be found at www.pwc.ca.

About United Technologies Corporation

Based in Hartford, Conn., United Technologies Corp. is a diversified company that provides high technology products and support services to the commercial building and the aerospace industries through its Otis Elevator, Carrier, Chubb, UTC Power, Pratt & Whitney, Hamilton Sundstrand and Sikorsky Aircraft businesses. Additional information may be found at www.utc.com.

About GP

GP is the principal operating subsidiary of GP Strategies Corporation (NYSE:GPX). GP is a global provider of training, e-Learning solutions, management consulting and engineering services, improving the effectiveness of organizations by customizing solutions to meet the specific needs of clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information about GP may be found at www.gpworldwide.com.

The forward-looking statements contained herein reflect GP Strategies' management's current views with respect to future events and financial performance. We use words such as "expects", "intends" and "anticipates" to indicate forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of GP Strategies., including, but not limited to, our holding company structure, failure to continue to attract and retain personnel, loss of business from significant customers, failure to keep pace with technology, changing economic conditions, competition, and those other risks and uncertainties detailed in GP Strategies' periodic reports and registration statements filed with the Securities and Exchange Commission.

If any one or more of these expectations and assumptions proves incorrect, actual results will likely differ materially from those contemplated by the forward-looking statements. Even if all of the foregoing assumptions and expectations prove correct, actual results may still differ materially from those expressed in the forward-looking statements as a result of factors we may not anticipate or that may be beyond our control. While we cannot assess the future impact that any of these differences could have on our business, financial condition, results of operations and cash flows or the market price of shares of our common stock, the differences could be significant. We do not undertake to update any forward-looking statements made by us.

Contact Information

  • General Physics Corporation
    Scott N. Greenberg, 914-249-9729
    or
    Cynthia Peffers, 703-934-9400