Our company must market our flow restriction device to a company in southern Ohio after the United States Department of Energy recently awarded the plant a grant of $45 million for further development and demonstration of centrifuge technology. The article, found at BusinessWeek.com, discusses how USEC is the world's leading supplier of enriched uranium for commercial nuclear power plants. USEC also looks to increase production of enriched uranium after gaining this grant.
Recently the U.S. Department of Energy announced it will provide $45 million to fund an on-going centrifuge project at the USEC plant in Ohio. The project was developed to further research and develop centrifuge technology. Over the course of this testing program, the company has logged over 338,000 hours on centrifuges. This would be a great market for our company to tap as USEC is the world's leading supplier of enriched uranium fuel for use in commercial nuclear power plants. According to the USEC, using centrifugal force to extract uranium is much more efficient than the Cold-War era gaseous diffusion method. Enriched uranium from the plant 65 miles south of Columbus would be used in generating electricity by nuclear power plants.
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