BETHESDA, Md. / CRWEPRESSRELEASE / March 8, 2016 – Centrus Energy Corp. (NYSE MKT: LEU) announced today that it has signed several new sales contracts in the last nine months to supply its utility customers with enriched uranium fuel. In aggregate, the contracts have a value of approximately $165 million with deliveries through 2022. They will help Centrus’ utility customers provide clean, affordable and reliable electricity around the world.
“We value our longstanding relationships with our customers and aim to remain a long-term supplier for their nuclear fleets,” said Centrus President and Chief Executive Officer Daniel B. Poneman. “For the past year, we have embraced a customer-first strategy, offering security, diversity and competitive pricing to the global nuclear fuel market.”
About Centrus Energy Corp.
Centrus Energy Corp. is a trusted supplier of enriched uranium fuel for commercial nuclear power plants in the United States and around the world. Our mission is to provide reliable and competitive fuel goods and services to meet the needs of our customers, consistent with the highest levels of integrity, safety, and security.
This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 - that is, statements related to future events. In this context, forward-looking statements may address our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will ”, “should”, “could”, “would” or “may” and other words of similar meaning. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For Centrus, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include, but are not limited to: the continued impact of the March 2011 earthquake and tsunami in Japan on the nuclear industry and on our business, results of operations and prospects; the impact and potential extended duration of the current supply/demand imbalance in the market for low-enriched uranium; risks relating to our sales order book, including uncertainty concerning customer actions under current contracts and in future contracting due to market conditions and lack of production capability; pricing trends and demand in the uranium and enrichment markets and their impact on our profitability; movement and timing of customer orders; revenue and operating results can fluctuate significantly from quarter to quarter, and in some cases, year to year; and other risks and uncertainties discussed in this and our other filings with the Securities and Exchange Commission.
Centrus Energy Corp.
Source: Centrus Energy Corp.