NANO Nuclear Energy Files Provisional Patents to Secure its Newly Acquired Annular Linear Induction Pump Technology
NANO Nuclear Energy Inc. (NASDAQ: NNE) has filed provisional patent applications with the USPTO to secure intellectual property rights for its recently acquired Annular Linear Induction Pump (ALIP) technology. ALIP, developed by physicist Dr. Carlos O. Maidana, is a key enabling technology for NANO Nuclear's 'ODIN' microreactor and the broader advanced nuclear reactor industry.
The Department of Energy has awarded over $1.37 million in grants to support this technology. ALIP offers advantages over traditional pumps, including no moving parts, low noise, and ease of maintenance, making it suitable for liquid metal and molten salt-cooled reactors. The technology has potential applications in advanced nuclear reactors, fusion energy, space exploration, and high-temperature industrial processes.
NANO Nuclear Energy Inc. (NASDAQ: NNE) ha presentato domande di brevetto provvisorie presso l'USPTO per tutelare i diritti di proprietà intellettuale sulla tecnologia recentemente acquisita della Pompa Induttiva Lineare Annulare (ALIP). ALIP, sviluppata dal fisico Dr. Carlos O. Maidana, è una tecnologia fondamentale per il microreattore 'ODIN' di NANO Nuclear e per l'industria dei reattori nucleari avanzati in generale.
Il Dipartimento dell'Energia ha assegnato oltre 1,37 milioni di dollari in sovvenzioni per supportare questa tecnologia. ALIP offre vantaggi rispetto alle pompe tradizionali, tra cui l'assenza di parti in movimento, basso rumore e facilità di manutenzione, rendendola adatta per reattori raffreddati a metallo liquido e sale fuso. La tecnologia ha potenziali applicazioni nei reattori nucleari avanzati, nell'energia da fusione, nell'esplorazione spaziale e nei processi industriali ad alta temperatura.
NANO Nuclear Energy Inc. (NASDAQ: NNE) ha presentado solicitudes de patente provisionales ante la USPTO para asegurar los derechos de propiedad intelectual de su tecnología adquirida recientemente, la Bomba de Inducción Lineal Anular (ALIP). ALIP, desarrollada por el físico Dr. Carlos O. Maidana, es una tecnología clave para el microreactor 'ODIN' de NANO Nuclear y para la industria de reactores nucleares avanzados en general.
El Departamento de Energía ha otorgado más de 1.37 millones de dólares en subvenciones para apoyar esta tecnología. ALIP ofrece ventajas sobre las bombas tradicionales, incluyendo la ausencia de partes móviles, bajo ruido y facilidad de mantenimiento, lo que la hace adecuada para reactores enfriados por metal líquido y sal fundida. La tecnología tiene aplicaciones potenciales en reactores nucleares avanzados, energía de fusión, exploración espacial y procesos industriales a alta temperatura.
NANO Nuclear Energy Inc. (NASDAQ: NNE)는 최근에 인수한 원형 선형 유도 펌프(ALIP) 기술에 대한 지적 재산권을 확보하기 위해 USPTO에 임시 특허 출원을 했습니다. ALIP는 물리학자 Carlos O. Maidana 박사가 개발한 기술로, NANO Nuclear의 'ODIN' 마이크로 리액터와 더 넓은 첨단 원자력 리액터 산업의 핵심 기술입니다.
미 에너지부는 이 기술을 지원하기 위해 137만 달러 이상의 보조금을 지급했습니다. ALIP는 전통적인 펌프에 비해 움직이는 부품이 없고, 소음이 적으며 유지 보수가 용이하여 액체 금속 및 용융염 냉각 리액터에 적합합니다. 이 기술은 첨단 원자력 리액터, 핵융합 에너지, 우주 탐사 및 고온 산업 공정에서 잠재적인 응용 프로그램이 있습니다.
NANO Nuclear Energy Inc. (NASDAQ: NNE) a déposé des demandes de brevet provisoires auprès de l'USPTO pour sécuriser les droits de propriété intellectuelle de sa technologie récemment acquise, la Pompe Inductive Linéaire Annulaire (ALIP). ALIP, développée par le physicien Dr. Carlos O. Maidana, est une technologie clé pour le microréacteur 'ODIN' de NANO Nuclear et pour l'industrie des réacteurs nucléaires avancés dans son ensemble.
Le Département de l'énergie a accordé plus de 1,37 million de dollars de subventions pour soutenir cette technologie. ALIP offre des avantages par rapport aux pompes traditionnelles, notamment l'absence de pièces mobiles, un faible bruit et une facilité d'entretien, ce qui la rend adaptée aux réacteurs refroidis par métal liquide et par sel fondu. La technologie a des applications potentielles dans les réacteurs nucléaires avancés, l'énergie de fusion, l'exploration spatiale et les processus industriels à haute température.
NANO Nuclear Energy Inc. (NASDAQ: NNE) hat beim USPTO vorläufige Patentanmeldungen eingereicht, um die geistigen Eigentumsrechte an der kürzlich erworbenen Annular Linear Induction Pump (ALIP) Technologie zu sichern. ALIP, entwickelt von dem Physiker Dr. Carlos O. Maidana, ist eine Schlüsseltechnologie für den 'ODIN' Mikoreaktor von NANO Nuclear und für die breitere Industrie der fortschrittlichen Kernreaktoren.
Das Ministerium für Energie hat über 1,37 Millionen Dollar an Zuschüssen bereitgestellt, um diese Technologie zu unterstützen. ALIP bietet Vorteile gegenüber traditionellen Pumpen, einschließlich keiner beweglichen Teile, geringem Geräusch und einfacher Wartung, was es für von flüssigem Metall und geschmolzenem Salz gekühlte Reaktoren geeignet macht. Die Technologie hat Potenzialanwendungen in fortschrittlichen Kernreaktoren, Fusionsenergie, Raumfahrt und hochtemperaturindustriellen Prozessen.
- Acquisition of innovative ALIP technology for NANO Nuclear's 'ODIN' microreactor
- Filing of provisional patent applications to secure intellectual property rights
- Potential for widespread adoption in the broader nuclear reactor marketplace
- Applications in advanced nuclear reactors, fusion energy, and other industries
- Previous DOE funding of $1.37 million in grants supporting the technology
- None.
Insights
NANO Nuclear Energy's announcement of filing provisional patents for the Annular Linear Induction Pump (ALIP) technology is significant from an investment perspective. The technology itself promises substantial improvements in efficiency and cost-effectiveness for nuclear reactors, which could lead to considerable revenue streams if successfully commercialized.
By securing intellectual property rights through these provisional patents, NANO Nuclear is not only protecting its investment in ALIP but also positioning itself as a leader in the advanced nuclear technology market. This move can potentially lead to licensing deals, partnerships and increased market share. Given the Department of Energy's prior financial support and the involvement of a renowned physicist, the credibility of the technology is further validated.
For investors, this development indicates a strong potential for future earnings growth. The emphasis on high-efficiency thermal fluid management and the broader applicability of the technology in both fission and fusion reactors underscore its market potential. In the short term, the news may boost investor confidence and positively impact stock prices. In the long term, the successful commercialization of ALIP could result in sustained revenue growth and a stronger market position.
The filing of provisional patents for the ALIP technology marks a critical technological milestone for NANO Nuclear. ALIP's advantages, such as the absence of moving parts and low noise levels, address significant challenges in high-efficiency thermal fluid management. This makes it a pivotal component in the development of next-generation nuclear reactors like the 'ODIN' microreactor.
From a technical standpoint, ALIP's application extends beyond traditional nuclear reactors to advanced materials, space exploration and high-temperature industrial processes. The technology's flexibility and efficiency make it a game-changer in these fields. Dr. Carlos O. Maidana's involvement adds a layer of credibility, given his extensive expertise and the significant DOE funding previously granted for this technology.
For tech-savvy investors, the ALIP technology represents a substantial innovation that could lead to new partnerships and licensing opportunities. The potential for widespread adoption in various industries highlights its versatility and far-reaching impact, making it an attractive investment.
The strategic move to file provisional patents for the ALIP technology positions NANO Nuclear favorably within the broader advanced nuclear reactor industry. This action not only protects the company's innovations but also signals its commitment to leading the market in clean energy solutions.
The ALIP technology's potential for widespread adoption within the nuclear reactor marketplace and its advantages over traditional pumps, offer significant market opportunities. The involvement of the Department of Energy and the notable funding of over $1.37 million in grants lend credibility to the technology's potential success.
For investors, this news suggests a positive outlook for NANO Nuclear's market positioning and future growth. The company's proactive approach in securing intellectual property rights and exploring broader applications in fusion reactors and other high-temperature industrial processes indicates a robust growth strategy. This development could lead to increased investor interest and a stronger market presence in the long term.
The Annular Linear Induction Pump (ALIP) is a key enabling technology for NANO Nuclear’s ‘ODIN’ microreactor in development and the broader advanced nuclear reactor industry.
New York, N.Y., July 23, 2024 (GLOBE NEWSWIRE) -- 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 filed a series of provisional patent applications with the United States Patent and Trademark Office (USPTO) to secure intellectual property rights for its recently acquired enabling annular linear induction pump (ALIP) technology.
Figure 1 - The Annular Linear Induction Pump (ALIP) technology SBIR Phase III Program previously DOE funded
ALIP was developed by noted physicist, research engineer and project manager Carlos O. Maidana, Ph.D., who now serves as NANO Nuclear’s Principal Investigator for an SBIR Phase III program being funded by NANO Nuclear which is dedicated to advancing the development and potential commercialization of this innovative technology. Throughout prior SBR phases, the Department of Energy has cumulatively awarded over
“It is a pleasure to see my work find a home at NANO Nuclear,” said Dr. Carlos O. Maidana, CEO and Founder at Maidana Research. “The leadership team has time and again proven their desire to innovate within the nuclear energy space and create cleaner and more sustainable energy future. I am delighted to be a part of this effort and I’m confident that the ALIP technology will play a key role in the modernization and optimization of nuclear reactors around the world.”
The provisional patent applications announced today seek to secure formal intellectual property protection for the ALIP technology, which addresses challenges in high-efficiency thermal fluid management for clean energy and high-temperature industrial processes, offering numerous advantages over traditional pumps. These benefits make ALIP an enabling technology for NANO Nuclear’s own ‘ODIN’ microreactor in development. Additionally, NANO Nuclear anticipates that, upon commercialization, the ALIP technology will have significant potential for widespread adoption within the broader nuclear reactor marketplace, particularly as a component for liquid metal and molten salt-based reactors.
“We are very pleased with the speed at which Dr. Maidana and the NANO Nuclear team have moved towards our goal of bringing this innovative technology to market,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “The provisional patent applications will enable us to secure and protect this important intellectual property. Furthermore, we believe these applications align with our company’s ethos of maintaining transparency with both regulators and the public regarding our technology. ALIP represents a pivotal advancement for the entire nuclear industry, as well as our ‘ODIN’ microreactor, and we excited to take this next step on our path to commercialization.”
The filing of these applications also underscores NANO Nuclear’s commitment to developing advanced technologies aimed at optimizing and modernizing the nuclear energy landscape. ALIP is based on electromagnetic pumps, offering several advantages over mechanical pumps, including the absence of moving parts, low noise and vibration levels, simplicity in flow rate regulation, and ease of maintenance. These features make ALIP an efficient and logical choice for molten salt and liquid metal-cooled reactors. Its wide-ranging applications encompass the most advanced nuclear reactor designs, which utilize liquid metals and molten salts for cooling and heat transfer functions in both the fission and fusion energy industries. Additionally, ALIP holds significant potential in the advanced materials sector, space exploration, marine propulsion, and high-temperature industrial processes.
“The ALIP technology has a truly vast potential to modernize the nuclear energy industry and play a key role in the development of a fleet of advanced nuclear reactors,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “The technology is applicable to many of the reactors already in operation, not to mention the reactors will which we believe must be built to meet the carbon-neutrality goals of the United States and the world. But the technology can potentially extend beyond traditional fission reactors, and the Company has already begun looking into applications within the fusion industry to move liquid metal to sweep up neutrons and transfer heat away from their reaction zones. That is why we are so optimistic about the promise of this technology, as it could enable NANO Nuclear to be the source of innovation for two industries. For our reactors and potentially other, it permits smaller, more optimized, and higher quality reactor construction, reducing costs in the long run and removing unnecessary parts and reducing costs upfront.”
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 related to future events (including the anticipated benefits of the provisional patents and the potential for development and commercialization of the ALIP technology, each as described herein), 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 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 under the recently enacted ADVANCE Act; 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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FAQ
What is the Annular Linear Induction Pump (ALIP) technology acquired by NANO Nuclear Energy (NNE)?
How much funding has the ALIP technology received from the Department of Energy?
What steps has NANO Nuclear Energy (NNE) taken to protect the ALIP technology?
How does the ALIP technology benefit NANO Nuclear Energy's (NNE) 'ODIN' microreactor?
