NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO
Nuclear”), an emerging vertically integrated
microreactor and advanced nuclear technology company led by a
world-class nuclear engineering team developing proprietary,
portable, and clean energy solutions, is pleased to announce that
Massimiliano Fratoni, Ph.D., a Xenel Distinguished Professor and
Chair in the Department of Nuclear Engineering at the University of
California, Berkeley (UCB), has been appointed as NANO Nuclear’s
Senior Director and Head of Reactor Design.
“I am proud to be part of the growing and
excellent team at NANO Nuclear,” said Prof. Fratoni, Senior
Director and Head of Reactor Design. “The depth of
the technical personnel behind NANO Nuclear, as well as the robust
management team cannot be understated. There is a genuine
opportunity to reshape the nuclear industry in the coming years,
with support from both the government and the private sector, as
people are beginning to see that nuclear is the best option going
forward. I fully believe that NANO Nuclear is exceptionally well
positioned to capitalize on that potential.”
Figure 1 - Professor Massimiliano Fratoni, Ph.D.,
Chair in the UC Berkeley Nuclear Engineering Department, Becomes
the Senior Director and Head of Reactor Design of NANO Nuclear
Energy Inc.
Massimiliano Fratoni is a Xenel Distinguished
Professor, Associate Professor and Chair in the Department of
Nuclear Engineering at the University of California, Berkeley. He
received a Laurea in Nuclear Engineering from Università di Roma
“La Sapienza” (Italy), and a MSc and a PhD from the University of
California, Berkeley. Prior to joining the Nuclear Engineering
Department at UCB, he held a Research Scientist position at the
Lawrence Livermore National Laboratory and a faculty position at
The Pennsylvania State University.
“It is a pleasure to welcome Prof. Fratoni, a
world-renowned nuclear engineer, to the NANO Nuclear team. It is an
honor that both of our microreactor development teams are led by
Chairs from two of the world's most prestigious institutions,”
said Jay Yu, Executive Chairman and President of NANO
Nuclear Energy. “Prof. Fratoni is a leading expert and
engineer in the advanced nuclear technology field and has been key
in the design and development of our ‘ZEUS’ portable microreactor.
His contributions to our company have been brilliant and I am
confident that this new role will help us to better leverage his
years of experience and position NANO Nuclear at the cutting-edge
of the industry.”
Prof. Fratoni’s main research interests are in
sustainable nuclear energy through advanced reactors and advanced
fuel cycles. His research is focused on developing innovative
engineering solutions that will facilitate the widespread
deployment and adoption of advanced nuclear energy technologies.
Prof. Fratoni is the author of more than 200 publications in the
areas of advanced reactors and advanced fuel cycles. He received
the American Nuclear Society Early Career Reactor Physicist Award
(2018) and the Untermyer & Cisler Reactor Technology Medal
(2024).
Generating 1 to 2 megawatts of electric output,
NANO Nuclear’s ‘ZEUS’ microreactor in development is a solid core
battery reactor intended to be a mobile and safe energy solution.
ZEUS is being optimized to meet the diverse needs of various
industries, including data centers, AI and quantum computing,
crypto mining, military applications, disaster relief efforts and
isolated regions, transportation and shipping, mining projects,
water desalination plants, green hydrogen production, and even
space exploration. NANO Nuclear’s goal is to commercially launch
its microreactors by approximately 2030.
“I’m incredibly happy to count Massimiliano as a
member of our team,” said James Walker, Chief Executive
Officer and Head of Reactor Development of NANO Nuclear
Energy. “His contributions to the development of
‘ZEUS’ have been truly inspiring, and I am confident that this new
role will allow him to fully leverage his extensive knowledge and
capabilities. The flexibility and simplicity of Prof. Fratoni’s
design enables us to serve a diverse array of industries and niches
in ways that existing energy sources cannot. It will be a pleasure
to continue leading the transition towards cleaner and more
sustainable energy solutions alongside Prof. Fratoni.”
Figure 2 – Artist Rendering of NANO Nuclear
Energy’s ‘ZEUS’ Advanced Portable Nuclear Microreactor
About NANO Nuclear Energy
Inc.
NANO Nuclear Energy Inc. (NASDAQ:
NNE) is an emerging, advanced technology-driven nuclear
energy company seeking to become a commercially focused,
diversified, and vertically integrated company across four business
lines: (i) cutting edge portable microreactor technology, (ii)
nuclear fuel fabrication, (iii) nuclear fuel transportation and
(iv) nuclear industry consulting services. NANO Nuclear believes it
is the first portable nuclear microreactor company to be listed
publicly in the U.S.
Led by a world-class nuclear engineering team,
NANO Nuclear’s products in technical development are
“ZEUS”, a solid core battery reactor, and “ODIN”, a
low-pressure coolant reactor, each representing advanced
developments in clean energy solutions that are portable, on-demand
capable, advanced nuclear microreactors.
Advanced Fuel Transportation Inc.
(AFT), a NANO Nuclear subsidiary, is led by former
executives from the largest transportation company in the world
aiming to build a North American transportation company that will
provide commercial quantities of HALEU fuel to small modular
reactors, microreactor companies, national laboratories, military,
and DOE programs. Through NANO Nuclear, AFT is the exclusive
licensee of a patented high-capacity HALEU fuel transportation
basket developed by three major U.S. national nuclear laboratories
and funded by the Department of Energy. Assuming development and
commercialization, AFT is expected to form part of the only
vertically integrated nuclear fuel business of its kind in North
America.
HALEU Energy Fuel Inc. (HEF), a
NANO Nuclear subsidiary, is focusing on the future development of a
domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel
fabrication pipeline for NANO Nuclear’s own microreactors as well
as the broader advanced nuclear reactor industry.
For more corporate information please
visit: https://NanoNuclearEnergy.com/
For further information, please
contact:
Email: IR@NANONuclearEnergy.comBusiness Tel: (212)
634-9206PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:NANO Nuclear
Energy LINKEDINNANO Nuclear Energy YOUTUBENANO Nuclear
Energy TWITTER
Cautionary Note Regarding Forward
Looking Statements
This news release and statements of NANO
Nuclear’s management in connection with this news release or
related events contain or may contain "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and the Private Securities Litigation Reform Act
of 1995. In this context, forward-looking statements mean
statements related to future events (including the anticipated
benefits of Prof. Fratoni’s association with the Company and the
anticipated attributes and timing for development and
commercialization of the Company’s products), which may impact our
expected future business and financial performance, and often
contain words such as "expects", "anticipates", "intends", "plans",
"believes", “potential”, "will", "should", "could", "would" or
"may" and other words of similar meaning. These forward-looking
statements are based on information available to us as of the date
of this news release and represent management's current views and
assumptions. Forward-looking statements are not guarantees of
future performance, events or results and involve known and unknown
risks, uncertainties and other factors, which may be beyond our
control. For NANO Nuclear, 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 the following: (i) risks related to our U.S.
Department of Energy (“DOE”) nuclear fuel manufacturing submission
and the development of new or advanced technology, including
difficulties with design and testing, cost overruns, development of
competitive technology, (ii) our ability to obtain contracts and
funding to be able to continue operations; (iii) risks related to
uncertainty regarding our ability to commercially deploy a
competitive advanced nuclear reactor technology, (iv) risks related
to the impact of government regulation and policies including by
the DOE and the U.S. Nuclear Regulatory Commission; and similar
risks and uncertainties associated with the business of a start-up
business operating a highly regulated industry. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which apply only as of the date of this news release.
These factors may not constitute all factors that could cause
actual results to differ from those discussed in any
forward-looking statement. Accordingly, forward-looking statements
should not be relied upon as a predictor of actual results. We do
not undertake to update our forward-looking statements to reflect
events or circumstances that may arise after the date of this news
release, except as required by law.
Nano Nuclear Energy (NASDAQ:NNE)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Nano Nuclear Energy (NASDAQ:NNE)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024