Implied, Soft, Whatever. Backlog is gwoing at a very rapid rate. The demand for GSE's services and people is off the chart. thus as quoted from below, "the first nuclear plant operator training academy built in the last thirty years."

WW Nuke Demand is growing and there is no "capacity" anymore. GSE is going to be a very big stock. Quite simple, Supply and Demand!

GSE’s backlog as of June 30, 2009 was approximately $62.3 million compared to $38.1 million at December 31, 2008. Backlog is defined as the remaining value of signed contracts and does not include any value for contracts being negotiated or for contracts that have been signed since June 30, 2009. Therefore, the backlog of $62.3 million does not include the expected total value of the full scope nuclear simulator currently being built for Westinghouse Electric Company’s Haiyang project in China nor any value for the contract announced recently to build an AP1000 simulator in the U.S.

“We stated in our year end 2008 conference call that based on our backlog, pipeline and current level of bid activity and our internal expectations of new business awards; we believed 2009 should generate markedly improved financial results versus 2008,” said John V. Moran, GSE’s Chief Executive Officer. “With our first half financial results announced today, I feel we are solidly on track to meet those expectations. Our previously stated expectations regarding gross margins and expense levels remain unchanged. In addition, we continue to remain largely immune to the conditions which are affecting much of the broader economy and have not experienced any meaningful project delays or cancellations thus far in 2009. We are continuing to recruit engineers at all of our global locations to meet our ever increasing project obligations.

“Of special significance since our first quarter financial release, was our recent Westinghouse award to build a full scope power plant simulator for U.S. based AP 1000 nuclear plants. This award represents the first of a number of contracts for nuclear plant simulators in the U.S. that GSE expects to secure over the course of the next few years. This is the first such award in the U.S. in three decades and underscores the fact that the U.S. nuclear market is for real, and that GSE is well positioned to capitalize on the opportunity.

“A second major achievement occurred in July when GSE initiated a training program, on schedule, for new candidate nuclear plant operators at the Augusta Technical College in Georgia. We announced last year that GSE had been awarded a nuclear power plant operator training program with one of the country’s largest nuclear utilities. A number of other nuclear utilities in the U.S. and from overseas have already visited Augusta – or are scheduled to visit - to view firsthand the first nuclear plant operator training academy built in the last thirty years.