August 9, 2004
Norcross, Georgia — NAC International (NAC) has received a new order from Arizona Public Service Co., operating agent of Palo Verde Nuclear Generating Station (PVNGS), for an additional twenty-eight (28) UMS multipurpose dry fuel storage systems. PVNGS placed its first order for 25 UMS systems in April 1999. Of those 25 systems in the first order, 24 canisters have been delivered to the plant, 25 concrete casks have been constructed at PVNGS, and 18 systems have been safely loaded and are in storage at the PVNGS Independent Spent Fuel Storage Installation (ISFSI).

The new order will make PVNGS the first operating nuclear plant to utilize 50 or more UMS systems. "We are very pleased that Palo Verde has elected to order more UMS systems, and we believe this order is a result of both the excellent working relationship with the staff and management at PVNGS, and the project success to date with respect to budget and schedule on the first UMS order," commented Peter Walier, NAC President & CEO.

The delivery schedule for the new order of UMS canisters and concrete casks will follow in close succession with the completion of the first order. Presently, hardware deliveries and cask construction from the first order are scheduled to be completed in the third quarter of 2004. Deliveries of hardware for the new order are scheduled over the period of 2005 through 2006. Ionics Inc. of Pittsburgh, Pennsylvania, fabricated all canisters and concrete cask liners for PVNGS' first order and will also provide the fabrication services for the new order.

NAC's UMS dry storage technology in use at PVNGS has been most successful in serving the needs of the nuclear industry as the requirements for expanded spent fuel storage have escalated. Currently, 165 UMS dry multipurpose storage systems have been ordered, with more than 100 of these delivered and constructed, and more than 80 loaded and placed into storage. Over the last few years, NAC has received orders for more than 225 spent fuel storage and multipurpose systems, both domestically and internationally.

Since 1968, NAC has been a leader in providing solutions and services to the nuclear industry throughout the world, working with both government and commercial organizations. NAC specializes in nuclear fuel transport, spent fuel management technology, fuel cycle consulting, and information technology. The company’s Atlanta Corporate Headquarters is located in Norcross, Georgia, with offices in Washington, D.C.; Moscow; London; Tokyo; and Aiken, South Carolina.