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INER Selects NAC's UMS Technology for Dry Spent Fuel Storage at Taiwan Plants.

NORCROSS, Ga. -- NAC International (NAC) announced today that the Republic of China's Institute for Nuclear Energy Research (INER) has selected NAC's Universal MPC System (UMS) technology for the first deployment of dry spent fuel storage at nuclear power plants in Taiwan. The contract between INER and NAC encompasses:

--licensing of UMS technology to INER for its use in developing an independent spent fuel storage installation (ISFSI)

--support for INER to obtain license approval of its ISFSI from Taiwan's Atomic Energy Counsel

--first use of the ISFSI developed by INER at Taiwan Power Company's Chinshan Nuclear Station, with rights to use the ISFSI at all nuclear stations in Taiwan

--licensing to NAC of any enhancements to the UMS technology in developing ISFSIs for Taiwan.

The UMS offers a number of highly evaluated features, including simple fabrication and construction, excellent shielding, a unique basket design that does not require burnup credit, and a proven four-year track record of successful operation. This contract represents NAC's third international technology licensing agreement for dry spent fuel storage and transportation systems. Dry spent fuel storage systems developed under NAC technology licensing agreements are currently deployed in both Japan and Spain.

Peter Walier, president of NAC, said, "NAC is very pleased to be selected to support INER in this first deployment of dry spent fuel storage in Taiwan. We are confident that our extensive U.S. experience with the UMS and NAC-MPC sister technologies will serve INER well in this project that has significant schedule demands. NAC has always developed technologies with the objective of international application, and we are happy to see that our efforts have again been validated by INER's selection."

NAC's UMS and MPC technologies are among the most widely deployed concrete multipurpose canister systems (MCS) in the United States. More than 200 of these systems have been fabricated, constructed, and delivered to utilities. To date, more than 155 of the delivered systems have also been loaded and are now in storage at U.S. reactor site ISFSIs, representing about 45 percent of the concrete MCS in storage in the United States. Additional customer loading campaigns this year are expected to increase the total deployment of NAC's systems to more than 160 by the end of the year. NAC is currently seeking U.S. Nuclear Regulatory Commission certification of its next generation of fuel storage technology, MAGNASTOR, which is expected to provide improved flexibility and capacity to address nuclear utility customers' evolving storage and transportation requirements.

Since 1968, NAC has been a leader in providing solutions and services to the nuclear industry throughout the world, working with both government and commercial organizations. NAC specializes in nuclear fuel transport, spent fuel management technology, and fuel cycle consulting. NAC maintains its Corporate Headquarters in Norcross, Georgia, and has offices in Moscow; London; Tokyo; Croton-on-Hudson, New York; and Aiken, South Carolina. NAC is a subsidiary of USEC Inc. (NYSE:USU), the world's leading supplier of enriched uranium fuel for commercial nuclear power plants.
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Publication:Business Wire
Date:Oct 6, 2005
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