These measures should be considered in addition to, and not as a replacement for, or superior to, either net income, as an indicator of the Companys operating performance, or cash flow, as a measure of the Companys liquidity. 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. For instance, two of National Patent's earliest products, surgical staples and soft contact lenses, had very different fortunes. 2020 GP Strategies Corporation. 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. The Medical Science Group produced and distributed first aid products, surgical dressings, and various other hospital and medical products primarily through three subsidiaries, Acme Cotton Products, Chaston Medical & Surgical Products, and Abbey Medical, Inc. 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. In 1981, Feldman spun off ISI into a public company while retaining 75 percent of the shares. In late 1996, NPD announced that it was buying up the remaining 48 percent of its engineering consulting subsidiary General Physics. 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. Although the partners found a major cosmetics manufacturer, problems arose when each company told them to get their fee from the other. Please read our cookies policy for more information on the cookies we use. By using this site you agree to our use of cookies. 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. General Physics Corporation , a subsidiary of GP Strategies Corporation , recently completed the design and construction of a hydrogen energy station for Chevron Hydrogen Company , a division of. For 2001, sales were flat, though the company was back in the black. Originally, GP provided technical services to the Navy Submarine Nuclear Power Program in the areas of operations, safety, and training. In 2002, GP Strategies announced it was considering a spin-off of MXL Industries and some other holdings into a separate, publicly owned company to be called National Patent Development Corp. 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. Effective January 1, 2012, GP Strategies merged with and into General Physics, eliminating the . 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- 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. Nationwide apprenticeship training provider. 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. Alferon LDO constituted a low oral dose of liquid alpha interferon, possibly proving beneficial in treating HIV and other viral diseases. 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. Our full details, together with contact information are set out below. . From the beginning, NPD focused on screening and buying patents on various devices, technologies, and materials, then licensing them to other companies or trying to market the products themselves. GP Strategies Corporation. 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. Pollak had better luck with American Hydron, NPD's contact lens subsidiary. National Patent began gaining momentum in 1961, a year before the Cuban Missile Crisis, after Feldman and Pollak wrote a letter to then-Soviet Premier Nikita Khrushchev asking for rights to Soviet inventions. This is all travel so be prepared. 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. GP Strategies Corporation 69,682 followers 3h The entire ecosystem for the when, where, and how we work and learn is being disrupted. Website: www.gpstrategies.com Headquarters: Columbia, MD Size: 1001 to 5000 Employees Founded: 1966 Type: Company - Public (GPX) Industry: Business Consulting Revenue: $500 million to $1 billion (USD) Competitors: IBM, Accenture, Raytheon Technologies Create Comparison 3,300 (July 2015) Subsidiaries: Technical Training, Inc., IC Axon Inc., GP Strategies Corporation List of Employees There's an exhaustive . Spincasting was particularly suited for large-volume manufacture with low labor costs. GP STRATEGIES CORPORATION. GP Strategies trades on the New York Stock Exchange as GPX. Surprisingly, despite Cold War tensions, the Soviets were willing to deal to obtain American dollars and invited them to visit. We see them around but we don't know what goes on behind the scenes. As a result, Feldman cut corporate staff and sold off NPD's medical equipment and solar energy ventures. 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. Company Description: GP Strategies Corporation is located in Fairfax, VA, United States and is part of the Business Schools and Computer and Management Training Industry. "We are proud of the accomplishments of the Company in 2020," stated Adam Stedham, Chief Executive Officer and President of GP Strategies. While the deal ultimately fell through, Feldman and Pollak saw profit potential in the patent exchange business and decided to form a company that could act, under contract, as a middleman. 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,". In addition to its interferon subsidiary, the Medical Group included dental products, such as the Caridex (R) Caries Removal System. 1B2Z4. 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 is the principal operating subsidiary of GP Strategies Corporation (NYSE: GPX). Together these companies, comprising J. Levin, E. Rabinowe, and Interstate Paint Distributors, had become the largest U.S. distributor of paint specialties, including interior and exterior stains, brushes, rollers, and caulking compounds. GP Strategies Corp. (NYSE: GPX;[6] formerly General Physics Corporation) is a provider of sales and technical training, E-learning, management consulting and engineering services headquartered in Columbia, Maryland.[7][8]. (443) 255-3400. This document (together with the documents referred to in it) constitutes the terms and conditions for the web sitehttps://www.gpstrategies.com,including all related GP Strategies web sites (Site) and the terms and conditions (Terms of Use) on which you may make use of the Site whether as a guest or as a member/account holder in respect of the Site. ISI, a biopharmaceutical company, continued to be involved principally in the production and sale of Alferon N Injections. 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 use words such as expect, intend, believe, may, will, should, could, anticipates, and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. | GP Strategies Training Limited is a wholly owned subsidiary of GP Strategies Corporation. 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. [9]. GP is working with Springs Utilities to develop site-specific training materials for all classifications of plant operators and maintenance technicians across the fleet. General Physics was the surviving legal corporation and was renamed GP Strategies Corporation effective with the merger. This press release contains non-GAAP financial measures, including Adjusted EBITDA (earnings before interest, income taxes, depreciation and amortization), Adjusted Earnings per Diluted Share (Adjusted EPS), and free cash flow (cash flow from operating activities less capital expenditures). 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. Then Warner-Lambert announced that trial tests on schoolchildren showed their new mouthwash to be a failure as a plaque remover. The deal was slow to come to fruition. In 1960 it went public. 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. Accordingly, we disclaim all liability and responsibility arising from any reliance placed on such Materials by any visitor to the Site, or by anyone who may be informed of any of its contents to the extent permitted by applicable law. Charles Allen, a world-class dealmaker and founder of Allen & Co., also figured prominently in the company's survival. We maintain the Site in the United States and you agree that these Terms of Use and any legal action or proceeding relating to this site shall be governed by the laws of the State of Maryland without reference to its choice of law rules. About GP GP is the principal operating subsidiary of GP Strategies Corporation (NYSE: GPX). Daimler-Benz was formed with the merger of Benz & Cie. and Daimler Motoren Gesellschaft in 1926. The guidelines for this Program are available from Human Resources or are available on the GP Strategies Corporate Intranet. Clients include Fortune 500 companies, automotive, financial services, technology, and other commercial and government customers. 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. 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). Founded Date 1959. Chief Financial Officer These Terms of Use may be amended, updated or modified by us from time to time. The buyer was to be VS&A Communications Partners III, a publishing and communications company. Principal Competitors: McKinsey & Company; Accenture Ltd.; BearingPoint Inc. Occasionally, we may need to maintain the software and other equipment that runs the Site. - 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), Clientsinclude Fortune 500 companies, automotive, financial services, technology, and other commercial and government customers. This became part of General Physics' Information Technologies group. St. James Press, 2004. We may make changes to the Materials contained on the Site at any time without notice. American Hydron also began testing collagen, a protein produced from cowhide, in an attempt to displace Hydron in low-cost lens production. The sale was effective January 1, 2020. Please read our cookies policy for more information on the cookies we use. Since the 1970s, HMS was involved in the development of human and veterinary drugs and dental and medical devices. Feldman later recalled this period as the "dark years.". HMS was established to explore the application of HydronR polymers for biomedical purposes. Nine Months Ended. Despite intense competition, American Hydron fared well in producing high-quality lenses at a low cost. General Physics continued to grow by acquisition, buying up a Seattle, Washington, management consulting firm, Deltapoint, in 1998. Participants must be logged in via telephone to submit a question to management during the call. 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. 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 . We make no representation or warranty of any kind with respect to the Site or any site, service or Materials available through the Site, and explicitly disclaim all warranties of any kind, whether expressed or implied, including but not limited to, the implied warranties of merchantability, fitness for a particular purpose, title, and non-infringement. 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 We will not be liable if for any reason the Site (or any part thereof) is unavailable at any time or for any period. Legal Name GP Strategies Corp. Stock Symbol NYSE:GPX. There are 131 companies in the GP Strategies Corporation corporate family. Non-GAAP Reconciliation Adjusted EBITDA (3), Gain on change in fair value of contingent consideration, net, Foreign currency transaction (gains) losses, Legal acquisition/divestiture and transaction costs, Impairment of operating lease right-of-use asset, Loss on settlement with foreign oil & gas client. This Site and any services or Materials accessible via the Site is provided as is. Copyright (c) 2022 Company-Histories.com. 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. (410) 379-3636, Jamie Coffey Despite many promising products, NPD had often sold at the wrong time or held on too long, with the consequence that the company had never really hit it big. | May 22, 2022 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. Access to the Site is permitted on a temporary basis and we reserve the right to terminate or make modifications to any Materials or services that we provide through the Site (or any part thereof) without notice. The employment of outside professional firms or individuals to act as agents for the Adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA)is a widely used non-GAAP financial measure of operating performance. General Physics began as a training and support firm with expertise in nuclear power. Five Star operated as a wholesale distributor of home decorating, hardware, and finishing products. By 1995, NPD had developed into three primary business segments: Physical Science, Distribution, and Optical Plastics. 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. At the same time, NPD's Interferon Sciences, Inc. (ISI) subsidiary was moving toward marketing a host of interferon-based treatments for viral diseases. Director, Communications 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. Non-GAAP Reconciliation Adjusted EPS (4), Foreign currency transaction (gain) losses, Legal acquisition/divestiture and transaction costs, Settlement of contingent consideration in shares. Alternatively, a telephonic replay of the conference call will be available for one week and may be accessed by dialing +1 (877) 344-7529 in the US, or +1 (412) 317-0088 internationally, and requesting conference number 10152663. When you do, additional terms and conditions may apply. Two years later, he spun off NPS Waste Technologies, an innovator in particle-glass filtering mechanisms for radioactive waste. 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