Tom Cuce, former President of Global Transportation of UPS, the largest transportation company in the world, outlines NANO Nuclear’s plans for its comprehensive HALEU transportation system in development
NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a vertically integrated advanced nuclear energy and technology company developing portable clean energy solutions, today announced that Tom Cuce, President of Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, commented on NANO Nuclear’s recently announced design agreement with GNS Gesellschaft für Nuklear-Service mbH (GNS) and future plans for the Company’s exclusively licensed patented nuclear fuel transportation solution.
GNS is the leading German specialist in solutions for the treatment and safe packaging of radioactive materials, particularly in the development, licensing and manufacturing of transport and storage casks, as well as in technology for waste processing and dismantling. The agreement aims to leverage GNS’ decades of experience for an in-depth analysis that encompasses a thorough overview of a versatile transportation system for transportation of High-Assay Low-Enriched Uranium (HALEU).
“I’d like to congratulate NANO Nuclear’s senior management team on securing this pivotal agreement,” said Tom Cuce, President of AFT. “GNS is a highly respected company with a longstanding presence in the nuclear industry, and I am confident that their expertise will be crucial in our efforts to equip the United States with modern capabilities to transport various forms of HALEU fuels, such as TRISO pellets and salt fuel. I am committed to accelerating the development of AFT’s solution, and I will leverage my experience to position us as a leader in the nuclear fuel transportation industry.”
Figure 1 – Tom Cuce, President of Advanced Fuel Transportation Inc., congratulates NANO Nuclear Energy on its efforts to optimize a multi-form compatible HALEU transportation system
Mr. Cuce previously held various leadership roles during his tenure at United Parcel Service (UPS), a Fortune 100 company, including Vice-President of Package Operations and Southern California District Manager, before advancing to the position of UPS President of Global Transportation. During his time in the role, he was a member of UPS’s corporate safety council, as well as serving on the Executive Business Planning Unit, with a capital budget expenditure of $16 billion and was the driving force behind a plethora of transformative programs, projects, and cost-cutting initiatives.
“NANO Nuclear is working toward becoming a vertically integrated player in the nuclear energy sector. In addition to our cutting-edge portable microreactor designs, we’re also focused on producing nuclear fuel and developing a HALEU transportation solution,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “Establishing logistics and developing a robust supply chain is crucial for the growth of any transportation initiative. We are very fortunate to be able to leverage Tom’s experience in driving this effort, and I’m confident his leadership will play a key role in developing our HALEU transportation capabilities.”
“We strongly believe that diversifying our exclusively licensed patented transportation solution and enabling it to meet the requirements of multiple fuel types would be a major step forward for the industry,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “There are a multitude of logistical steps in the creation and eventual delivery of useable fuel, and we are anticipating that the demand will continue to grow with the introduction of next-generation reactors like our own microreactors. This is why we are delighted to count on Mr. Cuce to lead our transportation business.”
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