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 was recently invited as a trade mission member for the upcoming annual U.S. Industry Program at the IAEA General Conference, to be held on September 15-18, 2024, in Vienna, Austria.

Organized by the U.S. Department of Commerce’s (DOC) International Trade Administration (ITA), with participation from the U.S. Departments of Energy and State, the U.S. Industry Program is part of the DOC’s Civil Nuclear Trade Initiative, a U.S. government effort to help U.S. civil nuclear companies identify and capitalize on commercial civil nuclear opportunities around the world. The U.S. Industry Program provides its participants with valuable market insights, industry connections, and opportunities to refine business strategies and advance specific projects.

Figure 1 – NANO Nuclear Energy Inc. Invited to Represent the U.S. Civil Nuclear Energy Industry and Participate in the Upcoming International Atomic Energy Agency General Conference

“We are deeply honored to be invited to participate in the IAEA General Conference as a representative for the United States nuclear energy sector and part of the U.S. Industry Program,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “Our participation is a testament to the new route the United States government has charted for the revitalization of its nuclear energy marketplace, enabling emerging and innovative companies like ours a chance to bring to the world stage their new technology addressing the global need for clean energy. This chance to interact with representatives from IAEA’s 178 member states is an incredible opportunity for NANO Nuclear to spread awareness and raise our profile on an international scale.”

The IAEA General Conference typically attracts over 1,200 senior officials and industry leaders from all 178 IAEA Member States. This event provides a prime opportunity to showcase the U.S. civil nuclear sector to international energy policymakers and leading decision makers. A senior Department of Commerce official will lead the U.S. industry delegation.

The conference will convene just a few months after President Biden signed the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy (ADVANCE) Act into law. This law aims to advance the development and deployment of advanced nuclear fuel within the United States and streamline regulatory processes for licensing innovative American technology.

NANO Nuclear believes the global need for clean energy is driving a significant new interest in nuclear energy and nuclear energy technology. According to the DOC, there are currently 58 reactors being constructed across 15 countries, and 160 nuclear plant projects are planned in 27 countries over the next 8-10 years.

“The General Conference, with over 1,200 officials representing the 178 IAEA member states, is incredibly important for the global nuclear energy market,” said Robert Gallucci, Ph.D., Chairman of the Executive Advisory Board for Nuclear Policy of NANO Nuclear Energy. “This gathering is a unique opportunity to capitalize on the positive momentum created by recent government actions in the nuclear sector, especially in the United States, such as the recent passage of the ADVANCE Act and legislation aimed at revitalizing the domestic enriched uranium fuel supply chain. It’s an inspiring time to be part of this community, as we have the chance to drive forward innovative nuclear technologies and solutions that will shape a sustainable and powerful future for everyone.”

NANO Nuclear Energy, the first portable nuclear microreactor company publicly listed in the U.S., distinguishes itself within the industry through a comprehensive strategy aimed at revitalizing and advancing the entire U.S. nuclear energy market. NANO Nuclear is innovating across four key business lines and seeking to become a vertically integrated nuclear energy business in portable microreactor technology, nuclear fuel fabrication, nuclear fuel transportation and nuclear consulting services. Furthermore, NANO Nuclear’s recent acquisition of the annular linear induction pump (ALIP) technology, alongside the funding of a related SBIR Phase III program, is positioning NANO Nuclear for potential revenue generation as it moves toward the commercialization of this key enabling technology within a year.

“Our participation in the IAEA’s General Conference at the behest of the DOC’s International Trade Administration is a tremendous honor and opportunity for an emerging company like ours,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “The General Conference unites the foremost and most influential minds in the global nuclear energy sector, providing us a crucial opportunity to showcase and emphasize the necessity of innovative advanced nuclear technology solutions, such as those being developed by NANO Nuclear. This is vital not only for our company but for the world at large as the global community unites to find last, clean energy solutions.”

About International Atomic Energy Agency (IAEA)

The International Atomic Energy Agency is the world’s central intergovernmental forum for scientific and technical cooperation in the nuclear field. It works for the safe, secure and peaceful uses of nuclear science and technology, contributing to international peace and security and the United Nations’ Sustainable Development Goals.