Joint Development Agreement Signed with Mitsubishi Electric of Japan and its U.S. Subsidiary Solidifying Their Role in SMR-160

We are pleased to announce that our Memorandum of Understanding entered over a year ago evolved into an agreement which formalizes the design authority role of Mitsubishi Electric Corporation (MELCO) and its U.S. subsidiary, Mitsubishi Electric Power Products Inc. (MEPPI) over instrumentation and control (I&C) systems for the SMR-160. On September 21, 2016, officials of MELCO, MEPPI and Holtec ratified the agreement during a signing ceremony in Kobe, Japan (see photo below). Under the agreement, MELCO/MEPPI will continue to develop the digital instrumentation and control systems and the associated human-system interface infrastructure founded on its proven digital control system for nuclear power plants based on the MELTAC control platform (see second photo below).

Holtec and Mitsubishi Electric Forge a Long-Term Partnership to Advance the SMR-160 Design Development Program

We are pleased to announce that Holtec has partnered with the US subsidiary of Mitsubishi Electric Corporation – Mitsubishi Electric Power Products Inc. (MEPPI) – to develop the instrumentation and control solution for the SMR-160. MEPPI will perform the design engineering work effort for the SMR-160 digital instrumentation and control system (DCS) and Human System Interface (HSI), needed for SMR-160 operation. MEPPI will also lead the development of the relevant licensing documents to enable construction and certification in host countries (for example, as required by 10CFR50 or 10CFR52 in the US). The licensing documentation will include applicable materials for a Safety Analysis Report (viz. Chapters 7 and 18 in a PSAR, FSAR, DCA), as appropriate. For our US clients, our partnership envisions the initial approach to licensing and approval in accord with a Part 50 process, and further contemplates continuation of the work effort to achieve Part 52 certification.