BETHESDA, Md., Sept. 14,
2022 /PRNewswire/ -- Centrus Energy Corp. (NYSE
American: LEU) announced today that it has secured new nuclear fuel
sales contracts and commitments with an estimated value of
approximately $320 million in the
last 12 months -- including approximately $270 million year-to-date.
"With global demand for clean nuclear energy growing in response
to accelerating efforts to combat climate change, and increased
focus on energy security provided by a diversified nuclear supply
chain, Centrus has had the opportunity to win new, long-term sales
that will bring value to our company as well as the utility
customers we are proud to serve," said Centrus Energy President and
CEO Daniel B. Poneman. "This
is another sign of the momentum we are building as a company as we
work to grow and expand our business."
Most of Centrus' revenues come from multi-year contracts with
major utilities, often signed years in advance. The new sales
commitments cover deliveries from 2022 to 2030, with the revenue
and cost of sales to be booked in the quarter and year of
delivery.
"Centrus values our longstanding partnerships with utilities in
the United States and around the
world, and appreciates the opportunity to extend and deepen those
relationships with these new sales commitments," said Centrus
Senior Vice President for Sales and Chief Marketing Officer
John M. A. Donelson. "We look
forward to supporting our customers for many years to come as they
help meet the world's growing need for clean, reliable, carbon-free
nuclear energy."
About Centrus Energy Corp.
Centrus Energy is a trusted supplier of nuclear fuel and
services for the nuclear power industry. Centrus provides value to
its utility customers through the reliability and diversity of its
supply sources – helping them meet the growing need for clean,
affordable, carbon-free electricity. Since 1998, the Company has
provided its utility customers with more than 1,750 reactor years
of fuel, which is equivalent to 7 billion tons of coal. With
world-class technical and engineering capabilities, Centrus is also
advancing the next generation of centrifuge technologies so that
America can restore its domestic uranium enrichment capability in
the future. Find out more at www.centrusenergy.com.
Forward Looking Statements:
This press release may contain statements that constitute
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements by
their nature address matters that are, to different degrees,
uncertain. Accordingly, forward-looking statements should not be
relied upon as a predictor of actual results. Readers are urged to
carefully review and consider this press release and our other
filings with the Securities and Exchange Commission, including our
Annual Report on Form 10-K for the year ended December 31, 2021 and our Quarterly Reports filed
on Form 10-Q. We do not undertake to update our forward-looking
statements to reflect events or circumstances that may arise after
the date of this press release, except as required by law.
Centrus Contacts:
Investors: Dan Leistikow (301)
564-3399 or LeistikowD@centrusenergy.com
Media: Lindsey Geisler (301)
564-3392 or GeislerLR@centrusenergy.com
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SOURCE Centrus Energy Corp.