Centrus and Doosan Sign MOU to Explore Cooperation on Supplying Advanced Reactor Market
17 Setembro 2018 - 7:45AM
Business Wire
Centrus Energy Corp. (NYSE American: LEU) and Doosan Heavy
Industries and Construction Co., Ltd, announced a Memorandum of
Understanding (MOU) today to explore opportunities to cooperate in
providing manufacturing, engineering and technical services and
goods to the nuclear industry – including advanced technologies
that will be utilized in the next generation of commercial nuclear
reactors under development around the world.
“We see great potential for future cooperation with Doosan, a
global leader in nuclear reactor engineering, procurement, and
construction,” said Daniel B. Poneman, Centrus president and chief
executive officer. “With unique and complementary technical
capabilities, we believe there could be mutually beneficial
opportunities for our companies to work together worldwide and win
new business.”
The MOU establishes a framework for Centrus and Doosan to
explore a range of commercial initiatives that would take advantage
of the unique technical capabilities, expertise, and customer
relationships of both companies.
In particular, Centrus and Doosan plan to pursue opportunities
for cooperation in serving the companies developing the next
generation of nuclear reactors, which will require advanced
engineering and manufacturing capabilities and innovative fuel
designs. Doosan is a major global supplier of nuclear power
equipment and has supported reactor construction projects in South
Korea, the United States, the United Arab Emirates, and China.
Centrus has deep technical expertise in the nuclear fuel cycle and
signed a contract earlier this year with X-energy, a pioneering
reactor technology and fuel company, to support the design of a
facility to produce the next generation of nuclear fuel.
About Centrus Energy
Centrus is a trusted supplier of nuclear fuel and services for
the nuclear power industry. Centrus provides value to its utility
customers through the reliability and diversity of its supply
sources - helping them meet the growing need for clean, affordable,
carbon-free electricity. Since 1998, the Company has provided its
utility customers with more than 1,750 reactor years of fuel, which
is equivalent to 7 billion tons of coal.
With world-class technical capabilities, Centrus offers turnkey
engineering and advanced manufacturing solutions to its customers.
The Company is also advancing the next generation of centrifuge
technologies so that America can restore its domestic uranium
enrichment capability in the future. Find out more at
www.centrusenergy.com.
About Doosan Heavy Industries and Construction Co.,
Ltd
Doosan Heavy Industries & Construction is a leading
Engineering, Procurement and Construction (EPC) contractor offering
a wide range of services ranging from the manufacturing of castings
and forgings, power generation systems and desalination facilities
to the construction of power plants.
Doosan manufactures and installs various plant components, such
as steam turbines, hydraulic turbines, condensers, heat exchangers,
and many others. The company also provides various construction
services including apartment complexes, roadways, power plants, and
industrial plants. Find out more at:
http://www.doosanheavy.com/
Forward-Looking Statements
This news release contains “forward-looking statements” within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”) - 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 Energy Corp., particular risks and
uncertainties that could cause our actual future results to differ
materially from those expressed in our forward-looking statements
include risks: related to our significant long-term liabilities,
including material unfunded defined benefit pension plan
obligations and postretirement health and life benefit obligations;
risks related to our ability to maintain the listing of our Class A
Common Stock on the NYSE American LLC; the continued impact of the
March 2011 earthquake and tsunami in Japan on the nuclear industry
and on our business, results of operations and prospects; the
impact and potential extended duration of the current supply/demand
imbalance in the market for low-enriched uranium (“LEU”); risks
related to financial difficulties experienced by customers,
including possible bankruptcies, insolvencies or any other
inability to pay for our products or services; pricing trends and
demand in the uranium and enrichment markets and their impact on
our profitability; risks associated with our reliance on
third-party suppliers to provide essential services to us; risks
related to existing or new trade barriers and contract terms that
limit our ability to deliver LEU to customers; risks related to
actions that may be taken by the U.S. government, the Russian
government or other governments that could affect our ability to
perform or the ability of our sources of supply to perform under
their contract obligations to us, including the imposition of
sanctions, restrictions or other requirements; the impact of
government regulation including by the U.S. Department of Energy
and the United States Nuclear Regulatory Commission; uncertainty
regarding our ability to commercially deploy competitive enrichment
technology; risks and uncertainties regarding funding for the
American Centrifuge project and our ability to perform under our
agreement with UT-Battelle, LLC, the management and operating
contractor for Oak Ridge National Laboratory, for continued
research and development of the American Centrifuge technology; the
potential for further demobilization or termination of the American
Centrifuge project; risks related to the current demobilization of
portions of the American Centrifuge project, including risks that
the schedule could be delayed and costs could be higher than
expected; failures or security breaches of our information
technology systems; potential strategic transactions, which could
be difficult to implement, disrupt our business or change our
business profile significantly; the outcome of legal proceedings
and other contingencies (including lawsuits and government
investigations or audits); the competitive environment for our
products and services; changes in the nuclear energy industry; the
impact of financial market conditions on our business, liquidity,
prospects, pension assets and insurance facilities; 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 for
the year ended December 31, 2017.
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version on businesswire.com: https://www.businesswire.com/news/home/20180917005285/en/
Centrus:Jeremy Derryberry+1 (301)
564-3392derryj@centrusenergy.comorDoosan:Hongkyu Kang+82 (2)
513-6345hongkyu.kang@doosan.com
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