Centrus Signs Contract for American Centrifuge Work in Tennessee
28 Março 2016 - 8:30AM
Business Wire
Centrus Energy Corp. (NYSE MKT: LEU) announced today that it has
signed a new U.S. Centrifuge Technology Advancement contract with
UT-Battelle, LLC, as operator of the U.S. Department of Energy’s
Oak Ridge National Laboratory (ORNL). Under the terms of the
agreement, Centrus will continue to perform engineering and testing
work to preserve and advance U.S.-origin uranium enrichment
technology to support future national security and energy security
needs. The contract totals approximately $32.3 million and runs
through September 30, 2016.
“We still have critical work to do to advance the nation’s
uranium enrichment capability,” said Steve Penrod, vice president
of American Centrifuge for Centrus. “In Oak Ridge, we have a
specialized workforce, unique assets, and technical capabilities
that are essential for this important work. Over the long-term, we
plan to continue advancing our technological expertise in uranium
enrichment technology, operations, and manufacturing so that we are
ready to deploy a commercial-scale enrichment facility when
sufficient market demand recovers."
Centrus recently completed a successful three-year demonstration
of the existing American Centrifuge technology at its facility in
Piketon, Ohio, with 120 machines linked together in a cascade to
simulate industrial operating conditions. Informed by data from
that demonstration, Centrus scientists, engineers, and operators
will utilize the Company’s unique facilities in Tennessee to
continue advancing the technology – identifying further
improvements to reduce costs, improve manufacturability, and
enhance long-term reliability of its enrichment operations. The
work also ensures that critical U.S. expertise in centrifuge
design, manufacturing, and operations is maintained.
In October 2015, the U.S. Department of Energy issued a report
to Congress finding that the United States must restore its
domestic uranium enrichment capability to meet national security
needs. After evaluating a range of possible technologies, the
Department found that the American Centrifuge is the “most
technically advanced and lowest risk option” for doing so.
About Centrus Energy Corp.
Centrus Energy Corp. is a trusted supplier of enriched uranium
fuel for commercial nuclear power plants in the United States and
around the world. Our mission is to provide reliable and
competitive fuel goods and services to meet the needs of our
customers, consistent with the highest levels of integrity, safety,
and security.
Forward-Looking Statements:
This news release contains “forward-looking statements” within
the meaning of Section 21E of the Securities Exchange Act of 1934 -
that is, statements related to future events. In this context,
forward-looking statements may address our expected future business
and financial performance, and often contain words such as
“expects”, “anticipates”, “intends”, “plans”, “believes”, “will ”,
“should”, “could”, “would” or “may” and other words of similar
meaning. Forward-looking statements by their nature address matters
that are, to different degrees, uncertain. For Centrus, particular
risks and uncertainties that could cause our actual future results
to differ materially from those expressed in our forward-looking
statements include, but are not limited to: risks related to the
ongoing transition of our business, including uncertainty regarding
the economics of and continued funding for the American Centrifuge
project and the potential for a demobilization or termination of
the project; the impact of enrichment market conditions, increased
project costs and other factors on the economics of the American
Centrifuge project; potential changes in our anticipated ownership
of or role in the American Centrifuge project, including as a
result of the need to raise additional capital to finance the
project; the impact of actions we have taken or may take to reduce
spending on the American Centrifuge project, including the
potential loss of key suppliers and employees, and impacts to cost
and schedule; uncertainty regarding our ability to commercially
deploy competitive gas centrifuge enrichment technology;
uncertainty regarding the potential for the DOE to seek to
terminate or exercise its remedies under the June 2002 DOE-USEC
Agreement; potential for any changes to or termination of any
agreements with the U.S. government or deterioration in our
relationship with the U.S. government; changes in U.S. government
priorities and the availability of government funding, including
loan guarantees and ongoing funding for the ORNL; the impact of
government regulation by DOE and NRC; changes in the nuclear energy
industry; revenue and operating results can fluctuate significantly
from quarter to quarter, and in some cases, year to year; and other
risks and uncertainties discussed in our filings with the
Securities and Exchange Commission, including our Annual Report on
Form 10-K and quarterly reports on Form 10-Q, which are available
on our website at www.centrusenergy.com. We do not undertake to
update our forward-looking statements except as required by
law.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160328005340/en/
Centrus Energy Corp.Media:Jeremy Derryberry,
301-564-3392orInvestors:Don Hatcher, 301-564-3460
Centrus Energy (AMEX:LEU)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Centrus Energy (AMEX:LEU)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024