NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO
Nuclear”), a vertically integrated advanced nuclear energy and
technology company developing portable clean energy solutions,
today announced that it has joined the University of Cambridge
Nuclear Industry Club (CNIC) as it seeks to cultivate the next
generation of professionals in the nuclear energy industry, foster
the highest quality nuclear energy education and a showcase a
culture of scientific and engineering excellence.
The CNIC is a partnership between industrial
member companies and the Cambridge Nuclear Energy Centre (CNEC).
The collaboration aims to advance research and education in nuclear
energy at the University of Cambridge while proactively addressing
the existing shortage of skilled professionals in the nuclear
energy sector. The CNIC’s members play a crucial role in promoting
the education of emerging nuclear talent. NANO Nuclear memberships
in the CNIC is expected to help support the development of future
nuclear energy leaders, alongside notable organizations such as
Rolls Royce, Westinghouse, and Urenco.
Joining the CNIC represents an expansion of NANO
Nuclear’s relationship with CNEC as the organizations are already
collaborating on developing nuclear energy education resources as
part of NANO Nuclear’s efforts to offer nuclear consulting services
to the market.
Figure 1 - NANO Nuclear Energy Inc. Joins the
Cambridge Nuclear Industry Club to Champion Top-Tier Education for
Future Nuclear Energy Leaders.
As part of its CNIC membership, NANO Nuclear
will offer Masters degree candidates at University of Cambridge
real-world experience on NANO Nuclear’s projects and across its
operations. Additionally, NANO Nuclear will actively recruit top
talent directly from the distinguished pool of Cambridge graduates
to build and support its research and development and commercial
activities, such as the research of its proprietary nuclear
microreactor designs, including ‘ODIN’, a
state-of-the-art portable low-pressure coolant reactor in
development.
“We are delighted to enhance our collaboration
with the University of Cambridge, a globally esteemed institution,”
said James Walker, Chief Executive Officer, and Head of
Reactor Development of NANO Nuclear Energy. “We
believe nuclear energy is experiencing a renaissance as governments
and industry alike recognize that the sector can provide power in
sustainable ways versus other power systems. As the demand for
clean, safe, and consistent power rises, the nuclear energy
industry must expand accordingly, necessitating a substantial
recruitment drive to build the skilled workforce required for this
growth. As such, NANO Nuclear and CNEC are taking joint action to
train the next generation of nuclear personnel, which is essential
for advancing the rapidly growing nuclear energy industry. NANO
Nuclear wants to ensure it has the personnel and expertise it will
need to expand its own operations and build its planned reactors,
while also developing other cutting-edge technologies. It is a
pleasure to join the CNIC and be part of the drive to train and
inspire the next generation of nuclear leaders that can make a
meaningful impact not just for the nuclear industry, but for the
global energy ecosystem as well.”
As the demand for highly qualified researchers,
engineers, and policy leaders grows with the resurgence of the
nuclear marketplace, this educational initiative is designed to
bridge the growing capability gap. CNEC seeks to offer
comprehensive training at all levels, backed by existing programs.
To date, the program has already produced over 170 graduates,
through schemes such as its Nuclear Energy Masters and Nuclear
Energy Futures Centre for Doctoral Training, with a wide range of
computational, experimental, and theoretical research projects.
“The CNIC welcomes NANO Nuclear as we continue
our work together to help prepare the next generation of
researchers, engineers and scientists for tomorrow’s challenges,”
said Prof. Ian Farnan, Director, Cambridge Nuclear Energy
Centre. “Our mission has been to address the
long-standing skill shortage in the industry and instill the
upcoming generation with the culture of safety and technical
excellence that marks the nuclear energy industry. Combined with
the knowledge of where the technology fits into the energy
transition and an in depth understanding of the deployment of
advanced nuclear technologies, CNEC students will carry forward the
expansion of nuclear energy around the world. Our graduates want to
work on delivering nuclear technology for the energy transition and
this is their way in.”
About Cambridge Nuclear Energy Centre
(https://www.cnec.uk/)
Nuclear expertise exists across many disciplines
and in many departments at Cambridge, but not in a single
department. The role of Cambridge Nuclear Energy Centre is to
coordinate research and teaching across the University. This
research ranges from systems engineering on the integration of
current nuclear energy technology into emerging electricity grids
with variable inputs to the atomic scale interaction of materials
with radiation that will deliver the high temperature and radiation
tolerant materials for next generation reactors.
The main product of the research, in addition to
technical breakthroughs, are the people who graduate from our
Nuclear Energy Masters and Nuclear Energy Futures PhD programs, who
will carry forward the expansion (and regulation) of nuclear energy
in the UK and beyond having been immersed in a nuclear energy
culture of safety and technical excellence combined with a
knowledge of where the technology fits into the energy
transition.
About NANO Nuclear Energy
Inc.
NANO Nuclear Energy Inc. (NASDAQ:
NNE) is an 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/
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contact:
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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 (including statements regarding the potential benefits
of NANO Nuclear’s membership in the CNIC and collaboration with
CNEC as described herein) 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
significant 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 technologically develop and 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, including those
associated with the recently enacted ADVANCE Act, and (v) risks
related to the collaborations such as the one with CNEC as
described herein, as well as 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, and the NANO Nuclear
therefore encourages investors to review other factors that may
affect future results in its filings with the SEC, which are
available for review at www.sec.gov and at
https://ir.nanonuclearenergy.com/financial-information/sec-filings.
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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