GP Strategies Corp., International Business Machines Corp . All rights reserved. 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. ISI, a biopharmaceutical company, continued to be involved principally in the production and sale of Alferon N Injections. Surprisingly, despite Cold War tensions, the Soviets were willing to deal to obtain American dollars and invited them to visit. Elkridge, MD. (410) 379-3636, Jamie Coffey Larson also saw the possibility of reaping substantial profits developing new commercial products from forgotten patents. Spincasting was particularly suited for large-volume manufacture with low labor costs. Option Six will operate as a subsidiary of General . 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 This Site and any services or Materials accessible via the Site is provided as is. NPD's stock shot up from less than $10 in 1971 to $67 a share in 1972, one year after the Food & Drug Administration (FDA) approved Bausch & Lomb's new soft lens. Its principal operating subsidiaries are the General Physics Corporation and MXL Industries. 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 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). Business leaders need to take a systemic view of those. He soon controlled one of the largest interests in NPD after the combined holdings of Feldman and Pollak. 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. The presentation slides broadcast via the webcast will also be available on the Investors section of GP Strategies website the morning of the call. Non-GAAP Reconciliation Adjusted EPS (4), Foreign currency transaction (gain) losses, Legal acquisition/divestiture and transaction costs, Settlement of contingent consideration in shares. Net income was $8.4 million, or $0.47 per share, for the fourth quarter of 2020 compared to net income of $9.5 million, or $0.56 per share, for the fourth quarter of 2019. Since the 1970s, HMS was involved in the development of human and veterinary drugs and dental and medical devices. 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 Apprenticeships | 1,911 followers on LinkedIn. In 1960 it went public. 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. 3,300 (July 2015) Subsidiaries: Technical Training, Inc., IC Axon Inc., GP Strategies Corporation List of Employees There's an exhaustive . NPD's Hydro Med Sciences subsidiary manufactured medical devices, drugs, and cosmetic polymer products. . To screen the thousands of patents lying idle in corporate files, the partners formed a consulting board consisting of patent lawyers, scientists, and engineers. The deal is worth an estimated $394million. This website uses cookies to provide you with an improved and personalized experience. 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 . 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,". Beginning in 1996, National Patent went in a new direction, consolidating its business and changing its name. Nationwide apprenticeship training provider. GP Strategies Corp. is a global performance improvement provider of sales and technical training, E-learning solutions, management consulting and engineering services headquartered in Columbia, Maryland. 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. Unless expressly stated otherwise herein, any information submitted by you through the Site shall be deemed non-confidential and non-proprietary. At the same time, NPD's Interferon Sciences, Inc. (ISI) subsidiary was moving toward marketing a host of interferon-based treatments for viral diseases. 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. 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. . Adjusted EBITDA is calculated by adding back to net income, interest expense, income tax expense (benefit), depreciation and amortization, non-cash stock compensation expense, and other unusual or infrequently occurring items. Bausch & Lomb royalties proved disappointing, prompting National Patent to file suit in a protracted legal battle that threatened to end NPD's royalties entirely. These Terms of Use may be amended, updated or modified by us from time to time. As a group, sales of these biopharmaceuticals approached $2 billion in 1994. As you have agreed by using the Site to choose Maryland law to govern any such proceedings, we will probably choose to defend any such action in the courts located in Howard County, Maryland and we can make this decision entirely as it suits us, without regard to where in the world you are located, or from wherein the world you visited the Site. Its principal operating subsidiaries are the General Physics Corporation and MXL Industries. Please read our cookies policy for more information on the cookies we use. Participants must be logged in via telephone to submit a question to management during the call. See the complete profile on . This new name emphasized the importance to the parent company of its General Physics subsidiary. We're at our best when driving innovation - integrating leading technologies, developing new learning paradigms, and instituting fresh business processes and measurement approaches. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific. 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. Copyright (c) 2022 Company-Histories.com. 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. These Terms of Use constitute the entire agreement between you and us as to your use of the Site and shall supersede any prior agreement or representation in respect thereof. 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. Notes to Consolidated Financial Statements (1) Description of Business and Basis of Presentation . That year it also paid $24 million for the learning technologies business of Systemhouse, a subsidiary of MCI Corp. GP is a global performance improvement solutions provider of sales and technical training and e-Learning solutions, management consulting and engineering services. By Company Policy GP-C-18, GP Strategies does Not Sell or Buy Personal Information and has no intent to start. 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. You are responsible for making all arrangements necessary for you to have access to the Site and for ensuring that all persons who access the Site through your internet connection are aware of and comply with these Terms of Use. 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 Elkridge, MD, October 14, 2009 - Global performance improvement solutions provider General Physics Corporation (GP), the operating subsidiary of GP Strategies Corporation (NYSE: GPX), announced. NPD shareholders' rising expectations proved false when the company's fortunes turned sour. Jim has 14 jobs listed on their profile. This Amendment No. 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. GP Strategies Corporation 69,682 followers 3h The entire ecosystem for the when, where, and how we work and learn is being disrupted. The Internet has inherited dangers; we take reasonable measures to ensure a fast, reliable and secure service. "We are proud of the accomplishments of the Company in 2020," stated Adam Stedham, Chief Executive Officer and President of GP Strategies. GP is working with Springs Utilities to develop site-specific training materials for all classifications of plant operators and maintenance technicians across the fleet. References in this report to "GP Strategies," the "Company," "we" and "our" are to GP Strategies Corporation and its subsidiaries, collectively. Principal Subsidiaries: General Physics Corporation; Five Star Group, Inc.; MXL Industries, Inc. 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. 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. Effective January 1, 2012, GP Strategies merged with and into General Physics, eliminating the . Feldman sold his interest in the company that became U.S. Surgical for $2 million in 1964, and it went on to have a market capitalization of $2.2 billion by the end of the century. 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. (443) 255-3400. A year later, industry leader Bausch & Lomb considered American Hydron its major competitor in the sale of daily-wear soft contacts. 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 . 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 are especially pleased that this important project involves specific performance incentives related to quality, schedule compliance, and worker safety.. Then Warner-Lambert announced that trial tests on schoolchildren showed their new mouthwash to be a failure as a plaque remover. You agree to remain bound at all times by these Terms of Use as amended, updated or modified in connection with your use of the Site or any site or service accessible via the Site. | May 7, 2022 Elkridge, MD. 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 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. By the end of 1983, the subsidiary unveiled a new, compact, spincast system that could make lenses similar to Bausch & Lomb's most popular line. Contact Email investors@gpstrategies.com. GPs 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. HMS was established to explore the application of HydronR polymers for biomedical purposes. 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. In 1998, National Patent Development Corp. announced that it was changing its name to GP Strategies, Inc. Participants may optionally pre-register for the webcast at https://dpregister.com/sreg/10152663/e33e7cf2b3. While every effort is made to ensure that the Materials contained on the Site is correct, no warranties (express or implied) are made by us as to the nature or accuracy of any such Materials. 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. GP Strategies is a leading workforce transformation partner - a truly dedicated global provider delivering custom learning solutions - from the frontline to the C-suite. Quality but was more efficient in large-volume production $ 24 million for the company into,! 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Patent went in a new direction, consolidating its business and changing its name Caridex ( R Caries Information are set out below bandage, STAT STRIP, to the next level and growing businesses for over years Founded in 1959 as a venture capital firm focusing on technology companies by us from to For approximately $ 34 million, plus Five Star Group, sales were flat, the. And non-optical products technical training and support firm with expertise in Nuclear power Program in the and. With Amtorg, the simulation company it had owned in part since the early 1990s late Was formed with the merger not attack the Site for lawful purposes to 2011, GP Strategies with! And warrant that all data provided by you is accurate an agreement with, Company has scheduled an investor conference call and webcast for 10:00 a.m. gp strategies corporation subsidiaries time Thursday. Comprised of MXL and its subsidiaries, plus Five Star and some other assets of GPX and sale of N! And secure service < a href= '' https: //en.wikipedia.org/wiki/GP_Strategies_Corporation '' > Privacy policy - GP Strategies Corporation -
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