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NANO Nuclear Energy Bolsters its Nuclear Technology Team with Two Additional Leading Engineers

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NANO Nuclear Energy Inc. (NASDAQ: NNE) has strengthened its Nuclear Technology and Engineering Team with the addition of two prominent engineers: Major Daniel Lamb, MPhil, and Rui Guo, Ph.D. These new hires will focus on developing the company's 'ODIN' microreactor, a portable, clean energy solution.

Major Lamb, a nuclear engineer and U.S. Air Force Reserve Major, brings expertise in nuclear safeguards and counter-proliferation. Dr. Guo specializes in nuclear materials in the waste and fuel cycle area. Both will contribute to ensuring safety, security, and regulatory compliance for NANO Nuclear's microreactor designs.

The company aims to leverage their expertise to advance the development of 'ODIN', collect necessary data, and refine its operations as they move towards physical test work and potential future licensing efforts.

NANO Nuclear Energy Inc. (NASDAQ: NNE) ha potenziato il suo Team di Tecnologia e Ingegneria Nucleare con l'aggiunta di due ingegneri di spicco: Maggiore Daniel Lamb, MPhil e Rui Guo, Ph.D. Questi nuovi assunti si concentreranno sullo sviluppo del microreattore 'ODIN', una soluzione di energia pulita e portatile.

Il Maggiore Lamb, ingegnere nucleare e Maggiore della Riserva dell'Aviazione degli Stati Uniti, porta con sé competenze in sicurezza nucleare e controproliferazione. Il Dr. Guo è specializzato nei materiali nucleari nell'ambito del ciclo dei rifiuti e del combustibile. Entrambi contribuiranno a garantire la sicurezza, la protezione e la conformità normativa per i design dei microreattori di NANO Nuclear.

L'azienda mira a sfruttare le loro competenze per avanzare nello sviluppo di 'ODIN', raccogliere i dati necessari e perfezionare le operazioni mentre si avvicinano ai lavori di test fisici e a potenziali sforzi futuri di licenza.

NANO Nuclear Energy Inc. (NASDAQ: NNE) ha fortalecido su Equipo de Tecnología e Ingeniería Nuclear con la incorporación de dos ingenieros destacados: Mayor Daniel Lamb, MPhil y Rui Guo, Ph.D. Estas nuevas contrataciones se centrarán en el desarrollo del microreactor 'ODIN', una solución de energía limpia y portátil.

El Mayor Lamb, ingeniero nuclear y Mayor de la Reserva de la Fuerza Aérea de EE. UU., aporta experiencia en salvaguardias nucleares y contraposición a la proliferación. El Dr. Guo se especializa en materiales nucleares en el área del ciclo de residuos y combustible. Ambos contribuirán a garantizar la seguridad, la protección y el cumplimiento normativo para los diseños de microreactores de NANO Nuclear.

La empresa tiene como objetivo aprovechar su experiencia para avanzar en el desarrollo de 'ODIN', recopilar los datos necesarios y perfeccionar sus operaciones a medida que se dirigen hacia trabajos de prueba física y posibles esfuerzos futuros de licencia.

NANO Nuclear Energy Inc. (NASDAQ: NNE)는 두 명의 저명한 엔지니어를 영입하여 원자력 기술 및 엔지니어링 팀을 강화했습니다: 대령 다니엘 램, MPhil루이 궈, Ph.D.. 이 새로운 채용은 회사의 'ODIN' 마이크로 리액터 개발에 집중할 것입니다, 이는 이동식이고 청정 에너지 솔루션입니다.

램 대령은 원자력 엔지니어이자 미국 공군 예비역 대령으로, 원자력 안전 및 비확산 분야에 대한 전문성을 가지고 있습니다. 궈 박사는 폐기물 및 연료 주기 분야의 원자력 재료를 전문으로 하고 있습니다. 두 사람 모두 NANO Nuclear의 마이크로 리액터 설계에 대한 안전, 보안 및 규제 준수를 보장하는 데 기여할 것입니다.

회사는 이들의 전문성을 활용하여 'ODIN'의 개발을 추진하고, 필요한 데이터를 수집하며, 물리적 테스트 작업과 미래의 라이선스 노력을 향해 나아가면서 운영을 개선하는 것을 목표로 하고 있습니다.

NANO Nuclear Energy Inc. (NASDAQ: NNE) a renforcé son équipe de technologie et d'ingénierie nucléaire avec l'ajout de deux ingénieurs éminents : Major Daniel Lamb, MPhil et Rui Guo, Ph.D. Ces nouvelles recrues se concentreront sur le développement du microreacteur 'ODIN', une solution d'énergie propre et portable.

Le Major Lamb, ingénieur nucléaire et Major de la réserve de l'armée de l'air américaine, apporte une expertise en matière de protections nucléaires et de non-prolifération. Le Dr Guo est spécialisé dans les matériaux nucléaires dans le domaine des cycles de déchets et de combustible. Tous deux contribueront à garantir la sécurité, la sûreté et la conformité réglementaire des conceptions de microréacteurs de NANO Nuclear.

L'entreprise vise à tirer parti de leur expertise pour faire progresser le développement de 'ODIN', collecter les données nécessaires et affiner ses opérations alors qu'elle se dirige vers des tests physiques et de futures efforts de licence potentiels.

NANO Nuclear Energy Inc. (NASDAQ: NNE) hat sein Team für Kerntechnik und Ingenieurwesen durch die Einstellung von zwei prominenten Ingenieuren verstärkt: Major Daniel Lamb, MPhil und Rui Guo, Ph.D. Diese neuen Mitarbeiter werden sich auf die Entwicklung des 'ODIN'-Mikroreaktors konzentrieren, einer tragbaren, sauberen Energielösung.

Major Lamb, ein Kerntechniker und Major der US-Luftwaffenreserve, bringt Erfahrung in den Bereichen nukleare Sicherheitsvorkehrungen und Nichtverbreitung mit. Dr. Guo ist auf nukleare Materialien im Bereich Abfall- und Brennstoffzyklus spezialisiert. Beide werden dazu beitragen, die Sicherheit, den Schutz und die Einhaltung von Vorschriften für die Mikroreaktordesigns von NANO Nuclear zu gewährleisten.

Das Unternehmen hat sich zum Ziel gesetzt, ihre Expertise zu nutzen, um die Entwicklung von 'ODIN' voranzutreiben, die erforderlichen Daten zu sammeln und die Abläufe zu verfeinern, während es sich auf physische Testarbeiten und potenzielle zukünftige Lizenzierungsbemühungen zubewegt.

Positive
  • Addition of two highly skilled engineers to the Nuclear Technology and Engineering Team
  • Major Lamb brings expertise in nuclear safeguards and counter-proliferation
  • Dr. Guo specializes in nuclear materials and fuel cycle systems
  • Focus on developing the 'ODIN' portable microreactor
  • Moving towards physical test work and data collection for 'ODIN'
Negative
  • None.

Insights

The addition of Major Daniel Lamb and Dr. Rui Guo to NANO Nuclear Energy's team is a strategic move to enhance the company's technical capabilities. Major Lamb's expertise in nuclear safeguards and counter-proliferation, combined with Dr. Guo's specialization in nuclear materials, will be crucial for the development of the 'ODIN' microreactor.

Their backgrounds align well with the company's focus on portable, clean energy solutions. Major Lamb's experience with international regulations and safety protocols will be valuable in ensuring the 'ODIN' microreactor meets global standards. Dr. Guo's research on coolant and fuel cycle systems directly addresses key technical challenges in novel reactor designs.

However, investors should note that while these hires strengthen the company's expertise, the path to commercialization for new nuclear technologies is typically long and complex. Regulatory hurdles and public perception remain significant challenges in the nuclear energy sector.

This news, while positive for NANO Nuclear Energy's technological development, has immediate financial impact. The company is still in the development phase and these hires represent ongoing R&D investments rather than near-term revenue generators.

Investors should focus on key milestones in the 'ODIN' microreactor development, such as successful physical test work and progress in regulatory approvals. The company's ability to secure additional funding and partnerships will be crucial, given the capital-intensive nature of nuclear technology development.

While the expertise of the new hires is impressive, the market reaction may be muted until there are more concrete developments in the commercialization of NANO Nuclear's technology. Long-term potential remains, but short-term financial impacts are likely minimal.

The recruitment of these experts signals NANO Nuclear Energy's commitment to addressing critical aspects of nuclear energy development. Major Lamb's background in nuclear safeguards aligns with increasing global concerns about nuclear security, while Dr. Guo's expertise in nuclear materials addresses key technical challenges.

This move positions the company well in the context of growing interest in small modular reactors (SMRs) and microreactors as potential solutions for decarbonization. The focus on portable, clean energy solutions could appeal to both civilian and military applications, potentially opening diverse market opportunities.

However, the success of NANO Nuclear's 'ODIN' microreactor will depend not only on technical development but also on navigating complex regulatory landscapes and public acceptance issues. The company's progress should be monitored in the context of broader energy policy shifts and the evolving role of nuclear in the clean energy transition.

U.S. Air Force Reserve Major Daniel Lamb, MPhil, and Rui Guo, Ph.D. join the Nuclear Technology and Engineering Team with a focus on the development of ‘ODIN’.

New York, N.Y., Sept. 19, 2024 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced the addition of two prominent engineers, Major Daniel Lamb, MPhil, and Rui Guo, Ph.D., to its Nuclear Technology and Engineering Team.

“We are thrilled to welcome two additional, highly skilled engineers to our team,” said Prof. Ian Farnan, Lead for Nuclear Fuel Cycle, Radiation and Materials at NANO Nuclear Energy. “The additions of Daniel Lamb and Rui Guo continue our trend of retaining some of the most talented and hard-working individuals to continue the development of our innovative advanced nuclear technologies. Their expertise will be invaluable to the continued development of our ‘ODIN’ microreactor as we move towards physical test work and collect the necessary data to further refine its operations.”

“The addition of highly competent and motivated engineers is always a welcome development, and I am looking forward to working closely with Major Lamb and Dr. Guo,” said Eugene Shwageraus, Lead of Nuclear Reactor Engineering of NANO Nuclear Energy. “One of the tenets and major benefits of nuclear energy is its inherent safety and efficiency, and this is something we want to achieve on a portable scale with the ‘ODIN’ microreactor. I’m certain that Major Lamb and Dr. Guo will be invaluable additions to our Nuclear Technology and Engineering Team.”

Major Lamb is a nuclear engineer and an expert in nuclear safeguards and counter-proliferation. He serves as a Major in the US Air Force Reserves, where he leads a group of 176 military and civilian engineers with a budget of $22 million and service contracts worth $26 million servicing utilities and infrastructure worth $2.8 billion supporting US and NATO operations. He has led multi-national engineering teams in the U.S. Air Force as a qualified Civil Engineer and Explosive Ordnance Disposal (EOD) Officer, supporting operations across Europe and Afghanistan under NATO. As an EOD Officer, Major Lamb was assigned to the Defense Threat Reduction Agency where he advised the U.S. European Command and led a $12 million program to counter chemical, biological, nuclear and radiological threats.

His work for NANO Nuclear will be to ensure safety, security, and safeguards-by-design are incorporated into NANO Nuclear’s microreactors in development and align the designs with International Atomic Energy Agency (IAEA), U.S. Department of Energy (DoE), and Nuclear Regulatory Commission (NRC) regulations so that once development is complete and the necessary regulatory licenses are secured, they can be deployed globally.

Major Lamb most recently completed a Master of Philosophy in Nuclear Energy at the University of Cambridge where his research supported a Department of Energy project on open architecture for nuclear cost reductions to speed delivery of small modular reactors (SMRs). He also holds Graduate Certificates in Nuclear Deterrence and Nuclear Weapons Effects, Policy, and Proliferation from Harvard’s Extension School and the Air Force Institute of Technology.

Figure 1 - NANO Nuclear Energy Inc. Bolsters is Nuclear Technology and Engineering Team with the Additions of Daniel Lamb, MPhil (left) and Rui Guo, Ph.D. (right).

Dr. Rui Guo specializes in nuclear materials in the waste and fuel cycle area and has extensive experience in novel experimental characterization and simulation methods for studying nuclear materials.

Dr. Guo obtained his first degree in Materials Science from the University of Birmingham prior to his admission into the University of Cambridge, where he completed his MPhil in Nuclear Energy and PhD in Nuclear Materials. A Shumei fellowship position followed at Tsinghua University after his return to China, where he worked on broader environmental projects including cement CO2 absorption and CO2 emission from various energy systems.

His current research focuses on developing reliable and robust coolant and fuel cycle systems that meet the technical requirements of novel reactor designs, including the Company’s ‘ODIN’ microreactor.

“We’re delighted to welcome Major Lamb and Dr. Guo to our Nuclear Technology and Engineering group,” said James Walker, Chief Executive Officer, and Head of Reactor Development of NANO Nuclear Energy. “We have been fortunate to add highly competent and forward-thinking engineers and researchers as we enter the next phase in the development of our ‘ODIN’ portable microreactor. The information we gather from our ongoing and future physical test work on ‘ODIN’ will be crucial to the potential success of our future licensing and regulatory efforts.”

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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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 (including the anticipated benefits to NANO Nuclear of the engineering personnel described herein and statements regarding NANO Nuclear’s regulatory and licensing processes) 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 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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FAQ

Who are the new engineers joining NANO Nuclear Energy's team?

NANO Nuclear Energy (NASDAQ: NNE) has added Major Daniel Lamb, MPhil, and Rui Guo, Ph.D. to its Nuclear Technology and Engineering Team.

What is the focus of NANO Nuclear Energy's 'ODIN' project?

'ODIN' is a portable microreactor being developed by NANO Nuclear Energy (NNE) as a clean energy solution. The new engineers will contribute to its development, including physical test work and data collection.

What expertise does Major Daniel Lamb bring to NANO Nuclear Energy?

Major Daniel Lamb brings expertise in nuclear safeguards and counter-proliferation. He will focus on ensuring safety, security, and regulatory compliance for NANO Nuclear's microreactor designs.

What is Dr. Rui Guo's specialization at NANO Nuclear Energy?

Dr. Rui Guo specializes in nuclear materials in the waste and fuel cycle area. He will focus on developing reliable coolant and fuel cycle systems for novel reactor designs, including the 'ODIN' microreactor.

Nano Nuclear Energy Inc.

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