NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear”
or “the Company”), a vertically integrated advanced
nuclear energy and technology company developing portable clean
energy solutions, today announced the additions of Anuj Dubey,
Ph.D. and Congjin Ding, Ph.D. to its Nuclear Technical and
Engineering Team.
Dr. Dubey, alongside Dr. Ding, will bring their
expertise and experience of Euratom nuclear research programs to
add to the burgeoning expertise of the the Company’s ‘ODIN’
microreactor development team, led by Prof. Ian Farnan NANO Nuclear
Lead of Nuclear Fuel Cycle, Radiation and Materials. Among the
variety of engineering tasks, their focus will be on collecting and
analyzing data from the test rigs, the construction of which marks
a significant phase in the development of microreactor. These test
rigs are crucial for physical tests, which will be invaluable for
collecting real-world data, validating models and advancing the
licensing process.
The ‘ODIN’ microreactor is designed to utilize
off-the-shelf components with high technology readiness levels
(TRL). It will utilize conventional fuel form with up to 20%
enrichment, providing a large experience database to help minimize
the required development and testing program schedule and costs,
and will operate at temperatures that minimize adverse effects on
coolant and reduce thermal stress.
“It is a pleasure to welcome this pair of
talented and motivated researchers to the team,” said Prof.
Ian Farnan, Lead of Nuclear Fuel Cycle, Radiation and Materials of
NANO Nuclear Energy. “Dr. Ding and Dr. Dubey have
proven themselves as exemplary scholars and can serve as an
inspiration to the next generation of nuclear energy professionals.
I am delighted to support them as they grow into their roles and
help shape the future of the nuclear energy industry.”
Figure 1 - NANO Nuclear Energy Inc. Welcomes Anuj
Dubey, Ph.D. and Congjin Ding, Ph.D. to its Nuclear Technical and
Engineering Team.
Dr. Dubey is a post-doctoral researcher working
with the nuclear engineering group at the University of Cambridge.
His current research is aimed at developing computational tools for
core neutronic and thermal hydraulic analyses of advanced reactor
designs. Dr. Dubey leads the Cambridge University contribution to
the ongoing European Sodium Fast Reactor (ESFR-SIMPLE) project. Dr.
Dubey obtained his M.S. and Ph.D. degrees in nuclear engineering at
the Homi Bhabha National Institute. His doctoral research involved
the development of severe accident analyses tools for sodium-cooled
fast reactors.
“I am thrilled to welcome Dr. Dubey and Dr.
Ding, two professionals who have honed their expertise at the
University of Cambridge,” said Eugene Shwageraus, Lead of
Nuclear Reactor Engineering of NANO Nuclear Energy. “They
are easily amongst the most talented and professional nuclear
engineers globally, and I am excited to help the next generation
acquire the real-world skills and understanding needed to address
the capability gaps currently faced by the industry.”
Dr. Ding is a Research Associate in the Nuclear
Energy group in the University of Cambridge's Department of
Engineering. Her research is on gas-cooled fast reactor designs,
with a focus on neutronic analysis, thermal hydraulic modeling, CFD
simulation, and computational methods development. Dr. Ding’s PhD
addressed the problem of fuel failure detection in sodium
cooled fast reactors by analyzing the failed fuel
behavior and fission product transport in the reactor coolant
system.
Dr. Ding obtained her bachelor’s degree in
Nuclear Engineering at Grenoble-INP and North China Electric Power
University, her master’s degree in Nuclear Engineering at Tsinghua
University and KTH, and her Ph.D. at CEA Cadarache and Université
Grenoble Alpes.
“I’m very pleased to welcome Dr. Ding and Dr.
Dubey to the team,” said James Walker, Chief Executive
Officer, and Head of Reactor Development of NANO Nuclear
Energy. “They are highly motivated and knowledgeable
professionals and will be a great boon to the Company. I’m
confident that they will play a key role in the development and
commercialization of our reactor technologies, and that the
additions of Dr. Ding and Dr. Dubey serve as a perfect example to
illustrate our dedication to ensuring the future generations of
nuclear energy professionals are well equipped to meet challenges
head on.”
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.
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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 anticipated benefits
to NANO Nuclear of the new technical consultant appointments
described herein on its microreactor development plans) 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) 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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