Latest news with #SMR&AdvancedReactor2025
Business Upturn
11-05-2025
- Business
- Business Upturn
LIS Technologies Inc. Announces Platinum Sponsorship of Reuters Events: SMR & Advanced Reactor 2025 Conference with CEO Christo Liebenberg and Co-CTO Viktor Chikan to Lead Presentations
By GlobeNewswire Published on May 11, 2025, 22:21 IST Oak Ridge, Tennessee, May 11, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. ('LIST' or 'the Company'), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it is a Platinum Sponsor of the upcoming Reuters Events: SMR & Advanced Reactor 2025, to be held in Nashville, Tennessee on May 12-13th, 2025, where Co-Founder and CEO Christo Liebenberg and Co-CTO Viktor Chikan are scheduled to present. LIS Technologies Co-Founder and Chief Executive Officer Christo Liebenberg will lead a keynote presentation titled, 'Lasers, Wafers, Nuclear, and AI – the Pioneering Journey of LIS Technologies' held at 14:50pm on May 12th. Additionally, LIS Technologies Co-CTO, Viktor Chikan, Ph.D., and Chairman of the Executive Advisory Board for UF6 Gas Handling Systems, Randall L. Beatty, Ph.D., will host an invite-only interactive session titled, 'Tripling Nuclear Power by 2050 & The Impact on the Global Nuclear Fuel Supply Chain' at 1:05pm on May 12th. Reuters Events: SMR & Advanced Reactor 2025 is the only senior-level meeting point for the SMR community, where 600+ leaders from utilities, financiers, reactor developers, technology providers and regulators unite to create meaningful connections, share trusted insights, and obtain lessons-learned to inform your multi-billion-dollar strategy at pace. 'Reuters Events offer transformative opportunities to connect with leading companies and executives,' said Christo Liebenberg, Co-Founder and CEO of LIS Technologies Inc. 'I'm delighted to lead a presentation outlining LIS Technologies' journey and mission, underlining our substantial potential to support the build out of the United States' uranium enrichment market with the Company's patented and independently verified Technology Readiness Level (TRL) 4 laser uranium enrichment technology.' Figure 1 – LIS Technologies Inc. Co-Founder and CEO Christo Liebenberg to Host Presentation at the Reuters Events: SMR & Advanced Reactor 2025 to be held on 12-13 th May 2025. 'It is a pleasure to participate in this year's edition of the SMR & Advanced Reactor 2025 conference,' said Viktor Chikan, Ph.D., Co-Chief Technical Officer LIS Technologies Inc. 'Industry momentum behind a robust domestic uranium-enrichment program continues to build, and I look forward to discussing its impact and the opportunities ahead for LIS Technologies during our interactive session with attendees.' About LIS Technologies Inc. LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries. In 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million. For more information please visit: For further information, please contact: Email: [email protected] Telephone: 800-388-5492 Follow us on X Platform Follow us on LinkedIn Forward Looking Statements This news release contains '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, which may impact our expected future business and financial performance, and often contain words such as 'expects', 'anticipates', 'intends', 'plans', 'believes', '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 LIS Technologies Inc., 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 which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. 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. Attachment Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
11-05-2025
- Business
- Yahoo
LIS Technologies Inc. Announces Platinum Sponsorship of Reuters Events: SMR & Advanced Reactor 2025 Conference with CEO Christo Liebenberg and Co-CTO Viktor Chikan to Lead Presentations
LIS Technologies Inc. Oak Ridge, Tennessee, May 11, 2025 (GLOBE NEWSWIRE) -- LIS Technologies Inc. ('LIST' or 'the Company'), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it is a Platinum Sponsor of the upcoming Reuters Events: SMR & Advanced Reactor 2025, to be held in Nashville, Tennessee on May 12-13th, 2025, where Co-Founder and CEO Christo Liebenberg and Co-CTO Viktor Chikan are scheduled to present. LIS Technologies Co-Founder and Chief Executive Officer Christo Liebenberg will lead a keynote presentation titled, 'Lasers, Wafers, Nuclear, and AI - the Pioneering Journey of LIS Technologies' held at 14:50pm on May 12th. Additionally, LIS Technologies Co-CTO, Viktor Chikan, Ph.D., and Chairman of the Executive Advisory Board for UF6 Gas Handling Systems, Randall L. Beatty, Ph.D., will host an invite-only interactive session titled, 'Tripling Nuclear Power by 2050 & The Impact on the Global Nuclear Fuel Supply Chain' at 1:05pm on May 12th. Reuters Events: SMR & Advanced Reactor 2025 is the only senior-level meeting point for the SMR community, where 600+ leaders from utilities, financiers, reactor developers, technology providers and regulators unite to create meaningful connections, share trusted insights, and obtain lessons-learned to inform your multi-billion-dollar strategy at pace. 'Reuters Events offer transformative opportunities to connect with leading companies and executives,' said Christo Liebenberg, Co-Founder and CEO of LIS Technologies Inc. 'I'm delighted to lead a presentation outlining LIS Technologies' journey and mission, underlining our substantial potential to support the build out of the United States' uranium enrichment market with the Company's patented and independently verified Technology Readiness Level (TRL) 4 laser uranium enrichment technology.'Figure 1 - LIS Technologies Inc. Co-Founder and CEO Christo Liebenberg to Host Presentation at the Reuters Events: SMR & Advanced Reactor 2025 to be held on 12-13th May 2025. 'It is a pleasure to participate in this year's edition of the SMR & Advanced Reactor 2025 conference,' said Viktor Chikan, Ph.D., Co-Chief Technical Officer LIS Technologies Inc. 'Industry momentum behind a robust domestic uranium-enrichment program continues to build, and I look forward to discussing its impact and the opportunities ahead for LIS Technologies during our interactive session with attendees.' About LIS Technologies Inc. LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries. In 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million. For more information please visit: For further information, please contact:Email: info@ 800-388-5492Follow us on X Platform Follow us on LinkedIn Forward Looking Statements This news release contains "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, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "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 LIS Technologies Inc., 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 which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. 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. Attachment LIS Technologies Inc.
Yahoo
11-05-2025
- Business
- Yahoo
LIS Technologies Inc. Announces Platinum Sponsorship of Reuters Events: SMR & Advanced Reactor 2025 Conference with CEO Christo Liebenberg and Co-CTO Viktor Chikan to Lead Presentations
LIS Technologies Inc. Oak Ridge, Tennessee, May 11, 2025 (GLOBE NEWSWIRE) -- LIS Technologies Inc. ('LIST' or 'the Company'), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it is a Platinum Sponsor of the upcoming Reuters Events: SMR & Advanced Reactor 2025, to be held in Nashville, Tennessee on May 12-13th, 2025, where Co-Founder and CEO Christo Liebenberg and Co-CTO Viktor Chikan are scheduled to present. LIS Technologies Co-Founder and Chief Executive Officer Christo Liebenberg will lead a keynote presentation titled, 'Lasers, Wafers, Nuclear, and AI - the Pioneering Journey of LIS Technologies' held at 14:50pm on May 12th. Additionally, LIS Technologies Co-CTO, Viktor Chikan, Ph.D., and Chairman of the Executive Advisory Board for UF6 Gas Handling Systems, Randall L. Beatty, Ph.D., will host an invite-only interactive session titled, 'Tripling Nuclear Power by 2050 & The Impact on the Global Nuclear Fuel Supply Chain' at 1:05pm on May 12th. Reuters Events: SMR & Advanced Reactor 2025 is the only senior-level meeting point for the SMR community, where 600+ leaders from utilities, financiers, reactor developers, technology providers and regulators unite to create meaningful connections, share trusted insights, and obtain lessons-learned to inform your multi-billion-dollar strategy at pace. 'Reuters Events offer transformative opportunities to connect with leading companies and executives,' said Christo Liebenberg, Co-Founder and CEO of LIS Technologies Inc. 'I'm delighted to lead a presentation outlining LIS Technologies' journey and mission, underlining our substantial potential to support the build out of the United States' uranium enrichment market with the Company's patented and independently verified Technology Readiness Level (TRL) 4 laser uranium enrichment technology.'Figure 1 - LIS Technologies Inc. Co-Founder and CEO Christo Liebenberg to Host Presentation at the Reuters Events: SMR & Advanced Reactor 2025 to be held on 12-13th May 2025. 'It is a pleasure to participate in this year's edition of the SMR & Advanced Reactor 2025 conference,' said Viktor Chikan, Ph.D., Co-Chief Technical Officer LIS Technologies Inc. 'Industry momentum behind a robust domestic uranium-enrichment program continues to build, and I look forward to discussing its impact and the opportunities ahead for LIS Technologies during our interactive session with attendees.' About LIS Technologies Inc. LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries. In 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million. For more information please visit: For further information, please contact:Email: info@ 800-388-5492Follow us on X Platform Follow us on LinkedIn Forward Looking Statements This news release contains "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, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "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 LIS Technologies Inc., 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 which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. 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. Attachment LIS Technologies in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
27-03-2025
- Business
- Reuters
Microreactor builders eye share of growing nuclear market
Summary Microreactor developers are forging commercial pathways with offtakers as an AI boom hikes demand for swift deployment near to end-users. March 27 - Soaring power demand from U.S. data centers has accelerated interest in new microreactors that can be factory-built and trucked to operating sites. Microreactors are small modular reactors (SMRs) with generating capacity of 20 MW or below. Larger SMRs rely on full transmission grid integration while microreactors can be deployed faster, in smaller increments and closer to the point of use. This makes them well suited to serving the soaring demand expected from new data centers in the coming years, particularly when co-located to avoid grid connection and reliability issues. Power-hungry tech groups are backing new nuclear as a dispatchable source of energy and microreactors could claim a share of this market. Several microreactor developers are in talks with commercial offtakers and some are signing early agreements. In one example, Last Energy plans to construct 30 microreactors in Haskell County, Texas to serve data centers. Elsewhere, tech giants like Amazon and Google, opens new tab have signed early agreements with X-energy and Kairos Power to develop larger SMR projects. Raising finance is a critical challenge for new reactor designs but Last Energy's relatively small 20 MW size means projects can be developed through "purely private financing" rather than a subsidy-driven model, a company spokesperson told Reuters Events. The key to accelerating nuclear deployment 'is miniaturising, modularising, and productising plants," the spokesperson said. Join us at Reuters Events SMR & Advanced Reactor 2025, opens new tab and network with over 600 utilities, developers, financiers, technology suppliers and regulators. Microreactors could also be deployed on military bases, mines and remote communities, and ships. Other markets include desalination, hydrogen production, high-temperature manufacturing, maritime propulsion and space exploration, the CEO of developer Nano Nuclear Energy, James Walker, told Reuters Events. To be deployed commercially, microreactor developers must overcome high development costs for first of a kind units while navigating uncertain regulatory and licensing processes and building out a sustainable supply chain, opens new tab. The boost from soaring AI demand is clear, Jake Jurewicz, CEO and co-founder of British reactor developer Blue Energy, told Reuters Events. "There is a strong demand signal coming from companies with enormous resources, which is critical for demonstrating any new technology,' Jurewicz said. Licensing push A number of companies are developing microreactors. To date, Radiant Industries, Terra Innovatum, NANO Nuclear Energy, Last Energy, ARC Clean Technology, Shepherd Power and Westinghouse have all notified the Nuclear Regulatory Commission (NRC) of intent to engage on microreactors and other designs are being developed. Models by Nano Nuclear Energy, X-energy and Westinghouse, are in the pre-licensing or early licensing phases. The multi-year design licensing process is a key challenge for developers. Existing regulatory frameworks were designed for large-scale light water reactors (LWRs) but 'the NRC seems to be more proactive" for the licensing of advanced reactors, Tara Righetti, Co-Director of the Nuclear Energy Research Center, told Reuters Events. In February 2025, the NRC proposed halving advanced reactor assessment fees, Righetti noted. The NRC is reforming licensing processes, opens new tab to become less prescriptive on security assessments. The change has been partly driven by the Advanced Nuclear for Clean Energy Act of 2024, which called for a more efficient licensing process. Strategies to overcome cost hurdles for new nuclear - download our webinar. Meanwhile, work on a first-of-a-kind mobile microreactor for the U.S. Department of Defense (DoD) under the name Project Pele could help provide learnings in licensing and deployment. The DoD awarded BWX Technologies a contract to supply 1 to 5 MW microreactors to the project in 2022 and the first unit is scheduled to be taken to Idaho National Laboratory for testing in 2026. This model is authorised by the Department of Energy (DoE) and so does not require NRC licensing, Jacopo Buongiorno, Director of the Center for Advanced Nuclear Energy Systems (CANES), told Reuters Events. Supply lines Westinghouse launched a manufacturing facility for its eVinci microreactor in Pittsburgh in 2023 and the group is on track to begin full-scale manufacturing by 2029 with commercial deployment by the end of the decade, a company spokesperson told Reuters Events. Meanwhile, Blue Energy is developing a modular reactor for both the microreactor and larger SMR markets that could be built in existing shipyards. 'We believe that once a company shows that nuclear can be built on time and on budget, it will break open the flood gates of nuclear demand," Jurewicz said. CHART: Forecast global nuclear capacity Last Energy has signed early customer power purchase agreements (PPAs) for the deployment of more than 80 microreactors, split roughly equally between data centers and industrial customers, including cement and paper manufacturers, the company spokesperson said. Many of these are in Europe, but interest is gaining pace in the U.S., the company said. Despite interest from offtakers, concrete commitments from partners will be needed to ensure the completion of real-world projects. 'Many would be happy to buy nuclear power once it is built – but who is helping to make it happen?," Jurewicz said. Hurdles remain Microreactors will have to prove their technology to attract investors and will have to work closely with the NRC to ensure an efficient licensing process. The NRC must accommodate a plethora of new technologies for microreactors and SMRs. Last Energy is using "proven technology, commercially available supply chains, and existing fuel sources because these are familiar to regulators," the company spokesperson noted. For exclusive nuclear insights, sign up to our newsletter. Nuclear can still face public perception risks and developers face uncertainty regarding subsidies for low carbon technologies and the ability for the NRC to license multiple designs in a time efficient manner, Righetti said. Industrial applications in some states may also face uncertainty over to "what extent utility regulations will apply if the power user is not also the reactor owner/operator", she said. While some developers argue that microreactors are not in competition with large SMRs because they target different markets, Righetti said they could shift the focus of investment away from other nuclear technologies. Most developers are targeting completion of first reactors in around 2030 and eyeing commercial deployments in remote mining and industrial operations by the early 2030s. Last Energy is pushing ahead with deployment in the UK and completed units could help boost its U.S. prospects. The company aims to deliver its first unit in Wales in 2027, pending licensing and permitting processes, and could swiftly follow this with units elsewhere, the company says.
