Centrus Signs $70 Million in New Nuclear Fuel Sales Contracts
12 Setembro 2017 - 8:30AM
Business Wire
Centrus Energy Corp. (NYSE American: LEU) announced today that
it has signed several new sales contracts in the last three months
to supply its utility customers with low-enriched uranium fuel. The
total value of the contracts is an estimated $70 million, with
deliveries through 2025. Centrus’ utility customers will use the
fuel to generate clean, affordable, and reliable electricity.
“Despite the challenging conditions in the global nuclear fuel
market, we continue to sign new contracts with customers as a
long-term supplier of low-enriched uranium for their reactor
fleets,” said Centrus President and Chief Executive Officer Daniel
B. Poneman. “Centrus is well-positioned as the world’s most
diversified supplier of enriched uranium fuel to continue securing
new business and extending our existing relationships with
customers as open demand for fuel emerges.”
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 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 and uncertainties
related to 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”); our dependence on others
for deliveries of LEU including deliveries from the Russian
government entity Joint Stock Company “TENEX” (“TENEX”) under a
commercial supply agreement with TENEX (the “Russian Supply
Agreement”); risks relating to our sales order book, including
risks related to market based pricing and uncertainty concerning
customer actions under current contracts and in future contracting
due to market conditions and lack of current production capability;
risks related to the value of our intangible assets related to the
sales order book and customer relationships; risks associated with
our reliance on third-party suppliers to provide essential services
to us; pricing trends and demand in the uranium and enrichment
markets and their impact on our profitability; movement and timing
of customer orders; risks related to 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 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; potential strategic
transactions, which could be difficult to implement, disrupt our
business or change our business profile significantly; 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 this
and our other filings with the Securities and Exchange Commission,
including our Annual Report on Form 10-K for the year ended
December 31, 2016.
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version on businesswire.com: http://www.businesswire.com/news/home/20170912005936/en/
Centrus Energy Corp.Media:Jeremy Derryberry,
301-564-3392orInvestors:Don Hatcher, 301-564-3460
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