NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear"), an
emerging vertically integrated nuclear energy and technology
company, led by a world-class nuclear engineering team developing
proprietary, portable, and clean energy solutions, today noted its
ringing of the opening bell at the NASDAQ MarketSite on May 14,
2024 in celebration of its recently completed initial public
offering.
Andrew M. Cuomo, former Cabinet Secretary, New
York Governor and a member of NANO Nuclear’s Executive Advisory
Board, congratulated NANO Nuclear on this milestone. Gov. Cuomo is
one of several distinguished members of NANO Nuclear’s Executive
Advisory Board, which includes accomplished military, scientific
and governmental experts.
Figure 1 - NANO Nuclear Energy (NASDAQ: NNE)
Rings the Opening Bell at the NASDAQ MarketSite in Times Square in
New York City on May 14, 2024
A key pillar of NANO Nuclear’s business plan is
to develop patented nuclear microreactors generating 1-2 megawatts
of power which are mobile, safe and can provide a sustainable,
clean energy option to a broad set of industries, including data
centers, artificial intelligence computer and quantum computing;
crypto mining; military applications; disaster relief;
transportation (including shipping); mining projects; water
desalination and green hydrogen plants; and space exploration.
Executive Advisory Board Members like Gov.
Cuomo, a longtime advocate for clean energy solutions, provide key
industry knowledge and important contacts to NANO Nuclear’s
management.
Figure 2 – (left to right) Jaisun Garcha, CFO of
NANO Nuclear; Prof. Ian Farnan, NANO Nuclear’s Lead of Nuclear Fuel
Cycle, Radiation and Materials; David Huckeba, Chairman of NANO
Nuclear Executive Advisory Board for Transportation; Gov. Andrew M.
Cuomo, NANO Nuclear Executive Advisory Board Member; James Walker,
NANO Nuclear CEO and Head of Nuclear Reactor Development; Jay Jiang
Yu, Founder & Executive Chairman of NANO Nuclear; Prof. Eugene
Shwageraus, NANO Nuclear’s Lead of Nuclear Reactor Engineering
“We feel truly blessed to ring the opening bell
at the NASDAQ Marketsite. This is only the beginning for the NANO
Nuclear as we have many upcoming catalyst to look forward to,”
said Jay Jiang Yu, Executive Chairman and President of NANO
Nuclear Energy. “By leveraging the insights and experience
of Gov. Cuomo and our other Executive Advisory Board Members, we
are confident in our ability to explore innovative solutions and
align our strategic initiatives with our nation’s energy
goals.”
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.com
Business Tel: (212) 634-9206
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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, 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 (including the results of NANO
Nuclear’s microreactor development activities as described herein)
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.
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