Market Overview

USEC Announces Completion of American Centrifuge RD&D Milestones

USEC (NYSE: USU) announced that a demonstration cascade of
120-machines has operated at commercial plant specifications for
20-machine years. During that performance run, USEC successfully
completed the final three milestones set by the Department of Energy
(DOE) for the American Centrifuge research, development and
demonstration (RD&D) program.

“The demonstration cascade is operating as expected, exceeding the SWU
production, machine availability and cascade performance criteria
established by DOE,” said John K. Welch, USEC president and chief
executive officer. “Our teams in Oak Ridge and Piketon rose to the
challenge of the RD&D program and are showing once again why they are
considered to be the best in the world.

See full press release

Posted-In: News Guidance FDA Management Global

 

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