MAIRE SIGNS AN AGREEMENT FOR A JVC BETWEEN NEXTCHEM AND NEWCLEO TO PROVIDE HIGHLY QUALIFIED TECHNICAL SERVICES FOR THE DELIVERY OF POWER PLANTS BASED ON NEWCLEO'S 200 MWe NUCLEAR ADVANCED MODULAR REACTOR

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The JVC will provide highly qualified technical services to newcleo for the delivery of design, critical equipment supply and project management integrationThe JVC will also look to offer its services to other SMR and AMR technology providersnewcleo will take a 40% stake in the JVC focused on creating new IP and performing technical services and NEXTCHEM will be granted newly issued shares up to 5% of newcleo's share capital at pre-money valuationTECNIMONT (MAIRE integrated E&C solutions) will be granted preferred status as E&C solutions providerView original content:https://www.prnewswire.co.uk/news-releases/maire-signs-an-agreement-for-a-jvc-between-nextchem-and-newcleo-to-provide-highly-qualified-technical-services-for-the-delivery-of-power-plants-based-on-newcleos-200-mwe-nuclear-advanced-modular-reactor-amr-302336472.html