This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

American Centrifuge RD&D Program Achieves Second Milestone

USEC Inc.’s (NYSE: USU) American Centrifuge research, development and demonstration (RD&D) program recently accomplished the second of five technical milestones with Department of Energy certification of the successful completion of 20 years of centrifuge run-time on the commercial plant AC100 centrifuge machine.

Milestone Two affirmed the reliability of the Lower Suspension Drive Assembly (LSDA) which was upgraded in 2011. After achieving 20 years of run-time in May of this year, AC100 machines containing this upgraded subassembly continued accumulating hours and have now run for more than 30 machine years.

“The American Centrifuge machine continues to demonstrate robust and reliable performance as confirmation that it is ready for commercial deployment,” said John K. Welch, USEC president and CEO. “Our team remains focused on achieving the key performance and reliability milestones necessary to move this program to commercialization.”

Achieving Milestone Two confirms estimates of machine reliability in a commercial plant setting that supports the business case for the American Centrifuge Plant. The remaining three milestones of the RD&D program are expected to be met in late 2013.

“The board is pleased with the early accomplishments and overall direction of the RD&D program,” said Luis Reyes, executive director for operations (retired), U.S. Nuclear Regulatory Commission, and chairman of the American Centrifuge Demonstration, LLC board of managers. The board, made up of nuclear industry leaders, is charged with oversight and management of the RD&D program. “The RD&D program is progressing on schedule and on budget. The board will continue to work closely with the American Centrifuge program managers to build upon this success.”

Progress continues on the RD&D program, including continued manufacturing and conditioning of additional AC100 machines. Three of six service modules needed to support the full cascade have been installed, and work on additional balance of plant systems is progressing on schedule.

Background

The objective of the RD&D program, a cooperative program jointly funded by the Department of Energy and USEC on an 80 percent / 20 percent basis, is to demonstrate the American Centrifuge technology through the construction and operation of a commercial plant configuration 120-centrifuge machine cascade and to sustain the domestic U.S. centrifuge technical and industrial base to ensure the capability exists to meet future national security needs. This includes activities to reduce the risks and improve the future prospects of commercial deployment of the American Centrifuge technology.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,039.49 +60.36 0.36%
S&P 500 1,992.37 +5.86 0.30%
NASDAQ 4,532.1040 +5.6220 0.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs