Decision Fueled by Rapid Progress Towards Local Approval for Idaho Nuclear Reactor, Growing World-wide Interest in Green World Water Desalinization Reactor, and MOU With Small Modular Reactor Maker Hyperion
– By April Murelio –
Alternate Energy Holdings, Inc. has announced that the company is preparing for a move to a senior U.S. stock exchange in response to rapid progress towards local approval for the company's planned nuclear reactor in Idaho, as well as growing global interest in the Company's Green World Water desalinization reactor. AEHI believes it substantially meets the requirements to uplist to a senior U.S. stock exchange.
AEHI's Board of Directors and the majority of stockholders approved a reverse stock split this year, if needed, to meet minimum stock price requirements of the senior U.S. stock exchanges and is establishing audit, compensation and nominating committees in advance of a planned uplisting.
"Graduating to a senior U.S. exchange is a high priority for the company given the progress we have made in securing local approval for our nuclear reactor, as well as the growing global interest in our Green World Water nuclear desalinization reactor and the Hyperion modular reactor. Listing on a senior U.S. exchange will help increase visibility for the company and help to attract a broader class of institutional investors," said Don Gillispie, AEHI CEO.
In May, AEHI signed a deal with CNNC in China that resulted in the creation of Green World Water, which is now the only company selling a large-scale nuclear desalination reactor. The design makes it possible to desalt seawater and purify brackish water, while co-producing electricity including the ability to pump clean water hundreds of miles inland, essentially eliminating the need for water in parts of the world devastated by intense drought conditions
"We have already received significant interest in Green World Water from a number of countries spanning most of the continents. We have rapidly assembled a professional and seasoned sales force and are now positioned to sell one or more of these reactors by the end of this year. A single reactor sale could equate to many millions of dollars in both revenue and net income the first year alone," said Gillispie.
In June, AEHI signed a memorandum of understanding (MOU) with Hyperion Power Generation, a company that took the nuclear industry by storm by creating a small, refrigerator-sized modular reactor that produces 25 MWe of power and can produce enough power to electrify more than 20,000 U.S. households. AEHI has agreed to work with Hyperion to help license, build, and sell their nuclear reactors on a world-wide basis.
"The Hyperion deal also adds another dimension to Green World Water, which can use the smaller 25 MWe reactor in place of the larger 1100 MWe and 650 MWe options currently being used by the company to produce potable water," said Gillispie.
One of the most exciting aspects to AEHI is a proposed nuclear power plant currently working through the final phase of the rezoning process in Idaho. The rezone will allow AEHI to build the plant on a piece of property that is currently zoned for agriculture. The zoning process should be finished in the coming months and, once the reactor is completed, it is expected to create thousands of jobs while generating between $3 billion and $5 billion annually.
Alternate Energy Holdings, Inc. (http://www.AlternateEnergyHoldings.com) develops and markets innovative clean energy sources. The company is the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral™, which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com) Colorado Energy Park (nuclear and solar generation), and Green World Water, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power.