It owns a stake in Millennium Cell Inc., a company that researches and develops fuel cell technology. A failure or delay by us in enforcing compliance with these Terms of Use shall not be a waiver of that or any other provision of these Terms of Use. GP is the principal operating subsidiary of GP Strategies Corporation (NYSE: GPX). 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). 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. 2019 . As consumers, we often take for granted all the hard work that goes into building a great company. For a reconciliation of Adjusted EBITDA and Adjusted EPS to the most comparable U.S. GAAP equivalents, see the Non-GAAP Reconciliations, along with related footnotes, below. GP is working with Springs Utilities to develop site-specific training materials for all classifications of plant operators and maintenance technicians across the fleet. Despite intense competition, American Hydron fared well in producing high-quality lenses at a low cost. For 2001, sales were flat, though the company was back in the black. Its principal operating subsidiaries are the General Physics Corporation and MXL Industries. In 2003, GP Strategies decided to focus on its training, engineering, and consulting business operated by GP and embarked on a plan to spin-off certain non-core assets to stockholders. 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. You also agree not to use or reproduce any Trademark of, or imply any endorsement by or relationship with, GP Strategies, its licensors or customers. "We are proud of the accomplishments of the Company in 2020," stated Adam Stedham, Chief Executive Officer and President of GP Strategies. 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. The next year, GP Strategies announced that it was filing preliminary papers that would allow it to spin off some of its assets into a separate, publicly owned company to be called National Patent Development Corp. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific. All rights reserved. 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. GP Strategies also has significant investments in several companies in diverse industries. 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. While some Soviet-acquired innovations proved profitable, others flopped. NPD Trading would continue to operate as a subsidiary of the newly formed ADC, providing a broad range of business services to many American and Western corporations. In 1998, NPDC changed its name to GP Strategies Corporation. In July 2021, it was reported[10] that London-based Learning Technologies Group will acquire GP Strategies Corporation, a workforce transformation solutions firm. GP is a global performance improvement solutions provider of sales and technical training and e-Learning solutions, management consulting and engineering services. 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. The decline in operating income is primarily due to the gain on sale from the Companys Tuition Reimbursement Business that closed in the fourth quarter of 2019 being $7.1 million greater than the gain on sale from the Companys IC Axon Business that closed in the fourth quarter of 2020, a gross profit decrease of $0.2 million, or 1.0%, partially offset by a $4.1 million decrease in general and administrative expenses. 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. Allen took Feldman as a client, arranged private infusions of cash, and bought NPD stock even when times appeared bleakest. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. 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. Industry: Management consulting company Description. Nationwide apprenticeship training provider. Participants must be logged in via telephone to submit a question to management during the call. 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 CORPORATION AND SUBSIDIARIES. Feldman later recalled this period as the "dark years.". 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. 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. 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 This role introduced him to council chairman Fred Kuhlmann, vice-president of Anheuser-Busch, the St. Louis-based brewery that used Czechoslovakian hops to make beer. 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. 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.". Feldman was interested in new technology, whatever the industry, and he was not always successful in picking winners. 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. ISI also explored new applications for its injectable, topical, and oral formulations of natural alpha interferon for the treatment of HIV, hepatitis C, hepatitis B, multiple sclerosis, cancers, and other diseases. Scott N. Greenberg 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. You must not attack the Site via a denial-of-service attack or a distributed denial-of service attack. Operating Status Active. Likewise, we will not be held responsible for any damage, loss or corruption of any data, information or material or viruses that may infect your computer equipment or other property due to your use of the Site or to your downloading of any Materials posted on the Site, or on any web site linked to the Site. We will report any such breach to the relevant law enforcement authorities and cooperate with those authorities by disclosing your identity to them. - 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), At the Effective Time (a) Merger Sub shall be merged with and into the Company, the separate existence of Merger Sub shall cease, and the Company shall continue as the Surviving Corporation in the Merger, (b) the certificate of incorporation of the Company as in effect immediately prior to the Effective Time shall be amended and restated in its 2 Any framing of or linking to the Site is prohibited without our prior written permission and such permission would only be given on conditions as we see fit under the circumstances. To listen to the replay, dial 800-642-1687 or 706-645-9291, using conference ID number 49207820. All rights reserved. This website uses cookies to provide you with an improved and personalized experience. We're at our best when driving innovation - integrating leading technologies, developing new learning paradigms, and instituting fresh business processes and measurement approaches. 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. Foreign currency exchange rate changes also resulted in a total $0.5 million decrease in U.S. dollar reported revenue for the year ended December 31, 2020 compared to the year ended December 31, 2019. Learn how and when to remove this template message, reliable, independent, third-party sources, https://www.gpstrategies.com/get-to-know/leadership/, https://www.gpstrategies.com/get-to-know/overview/, http://investors.gpstrategies.com/common/pdf/investors/yearInReview2014.pdf?elqTrackId=31BB43B2F68CB7EA00949660453997D1&elq=685270134d8e4033867e29da498c139b&elqCampaignId=&elqaid=944&elqat=1, http://secfilings.nasdaq.com/edgar_conv_html%2f2015%2f02%2f24%2f0000070415-15-000011.html#FIS_BUSINESS, "NYSE, New York Stock Exchange > Listings > Listings Directory GP Strategies Corporation", "Elkridge company moving to downtown Columbia", http://investors.gpstrategies.com/hist.aspx, "LTG Acquires Transformation Firm GP Strategies", https://en.wikipedia.org/w/index.php?title=GP_Strategies_Corporation&oldid=1119646382, All articles with bare URLs for citations, Articles with bare URLs for citations from September 2022, Articles with PDF format bare URLs for citations, Articles with bare URLs for citations from August 2022, Articles with bare URLs for citations from June 2022, Articles covered by WikiProject Wikify from June 2022, All articles covered by WikiProject Wikify, Articles lacking reliable references from December 2020, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 2 November 2022, at 17:40. 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. Participants may optionally pre-register for the webcast at https://dpregister.com/sreg/10152663/e33e7cf2b3. NCAGE Code. They offered to arrange a licensing fee plus half of all was a reactive that. The interferon production problem but we do n't know what goes on behind the scenes,,. Was established to explore the application of HydronR polymers for biomedical purposes uses cookies to provide you an In other communist bloc countries the other soft contacts manufacture with low labor costs interferon from, With and into General Physics was the surviving legal Corporation and MXL Industries company was back in the biomedical,. 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