Studsvik signs contract in China worth 900 kUSD
(Thomson Reuters ONE) -
Studsvik has through its subsidiary Studsvik Scandpower signed an agreement with
the Chinese institute CIAE (China Institute of Atomic Energy) on software sales
for a value around USD 900,000. The sale is Studsvik's first major sale in the
fast growing Chinese Market, where appr. 65 reactors are anticipated to be built
the coming 20 years.
"It is very encouraging that Studsvik now is breaking in to the fast growing and
strategically important Chinese market. Through this agreement we establish a
platform for growth in China, for both software as well as material technology",
says Thomas Smed, President of Studsvik Scandpower.
CIAE is CNNC:s (China National Nuclear Corporation) main research organization
and one of Chinas largest actors in the Nuclear field with over 3,000 employees.
For further information please contact:
Thomas Smed, CEO, Studsvik Scandpower, +46 760 02 10 11 or
Jerry Ericsson, Acting CEO, Studsvik AB, +46 760 02 10 32
Facts
Studsvik Scandpower, a subsidiary of Studsvik AB, is the global leader in the
development and support of fuel vendor-independent reactor analysis software.
Studsvik Scandpower offers a full suite of licensing-grade software and
engineering services to meet the needs of operating utilities, fuel vendors,
safety authorities, and research organisations. The Studsvik CMS suite offers a
full lifecycle solution, meeting all core analysis requirements such as fuel and
loading pattern design, transient analysis, reactivity management & core
monitoring, training simulator core modelling and back-end (storage and cask)
analysis.
The China Institute of Atomic Energy (CIAE) is a multidisciplinary institute in
the field of nuclear science and technology under the leadership of the China
National Nuclear Corporation (CNNC) and the Chinese Academy of Sciences (CAS)
and is the primary nuclear power reactor research and development institution in
China. CIAE has approximately 4,200 employees within research and production.
Studsvik offers a range of advanced technical services to the international
nuclear power industry in such areas as waste treatment, decommissioning,
engineering & services, and operating efficiency. The company has 60 years'
experience of nuclear technology and radiological services. Studsvik is a
leading supplier on a rapidly expanding market. The business is conducted
through five segments: Sweden, United Kingdom, Germany, USA and Global Services.
Studsvik has 1,200 employees in 8 countries and the company's shares are listed
on the NASDAQ OMX Stockholm.
Studsvik is publishing this information pursuant to the Securities Market Act
and/or the Financial Instruments Trading Act. The Information was released for
public disclosure on November 8, 2011 at 09:00 AM CET.
www.studsvik.com
Press release as pdf:
http://hugin.info/131689/R/1561770/483441.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Studsvik AB via Thomson Reuters ONE
[HUG#1561770]
Unternehmensinformation / Kurzprofil:
Datum: 08.11.2011 - 09:00 Uhr
Sprache: Deutsch
News-ID 84950
Anzahl Zeichen: 3740
contact information:
Town:
Nyköping
Kategorie:
Business News
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"Studsvik signs contract in China worth 900 kUSD"
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