Centrus and Doosan will explore opportunities to cooperate in providing manufacturing, engineering and technical services and goods to the nuclear industry -- including advanced technologies that will be utilized in the next generation of commercial nuclear reactors under development around the world.

“Centrus is working to expand our long-term fuel supply for our customers around the world and to develop the fuel supply infrastructure for the next generation of advanced reactors,” said Daniel B. Poneman, Centrus president and chief executive officer. “While our results this quarter reflect the difficult market dynamics of recent years, the work we have done recently to lock in low-cost sources of supply and secure new long-term sales contracts will show in our future results, as our costs and revenues become more closely aligned.”

The conference call will be open to listeners who log in through the Company’s website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast replay will be available through August 23, 2018.

Centrus reported a net loss of $25.0 million or $2.97 per common share (basic and diluted) for the quarter ended March 31, 2018, compared to net income of $7.6 million or $0.73 per common share (basic) and $0.72 per common share (diluted) for the first quarter of 2017, which included a non-recurring gain on early extinguishment of debt of $33.6 million.

Orano will provide Centrus with a substantial long-term supply of SWU beginning after 2020. The supply from Orano provides Centrus with access to over 6 million SWU through 2030, a quantity equivalent to more than 50 reactor-years of nuclear fuel.

The conference call will be open to listeners who log in through the Company’s website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast replay will be available through May 23, 2018.

Centrus will provide technical expertise and resources to support conceptual design of the facility, including nuclear criticality safety analysis, manufacturing equipment layout and infrastructure design, and conceptual development of fuel form transport packages.

“In 2017, Centrus completed several initiatives critical to our long-term success, including a restructuring of our balance sheet, improvements to our business operations, securing new fuel supply and sales contracts, and extending our contract to advance U.S. gas centrifuge technology for future energy and national security purposes,” said Daniel B. Poneman, Centrus president and chief executive officer.

The conference call will be open to listeners who log in through the Company’s website, www.centrusenergy.com. A link to the call will be located in the Investor Relations section of the website, and a webcast replay will be available through March 29, 2018.

“We have been executing on our plans to diversify and expand our business, and the past quarter demonstrated our success in multiple areas,” said Daniel Poneman. “With new contracts for our nuclear fuel business, an extension of our work on U.S. uranium enrichment technology, and our expansion into the advanced reactor sector through our new partnership with X-energy, Centrus is building on our tradition as a trusted long-term partner to the nuclear industry.”