Hyperion Power Generation Lands Initial Set of Customers for the HPM Small, Safe, Transportable Nuclear Power Reactor

—LOS ALAMOS, N.M.

For Immediate Release

Press Contact: Claire Gimble

Phone: +1 (703) 722-2821 (USA)



Email: pressathyperionpowergenerationdotcom  (pressathyperionpowergenerationdotcom)  

Hyperion Power Generation Lands Initial Set of Customers for the HPM Small, Safe, Transportable Nuclear Power Reactor


LOS ALAMOS, N.M., August 12, 2008 — Hyperion Power Generations CEO, John R.
Grizz Deal, announced today that the company has received its first Letter of Intent to
purchase the Hyperion Power Module (HPM), a small, compact, transportable, nuclear
power reactor. http://www.gen4energy.com

The intention to purchase up to six units for various projects, at approximately $25
million each, was placed by TES Group, an investment company focusing on the energy
sector in Central Eastern Europe. If successful, they could potentially be in the market for
up to 50 HPMs. Each power module provides 27 megawatts of electricity when
connected to a steam turbine, enough to provide electricity for 20,000 average-size
American-style homes or the industrial equivalent.

The Hyperion Power Module was originally conceived to provide clean, affordable
power for remote industrial applications such as oil sands operations, said Deal. Yet,
the initial enthusiasm has been from those needing reliable electricity for communities.
The big question for the 21st century is, how do we provide safe energy to those who
need it, indeed those developing nations who demand it, without contributing to climate
change? Todays safer, proliferation-resistant nuclear power technology is the answer,
but its not feasible for every community to be tied to a large nuclear power plant. Some
communities, those that need power for just the most basic humanitarian infrastructure,
such as clean water production for household use and irrigation, are too remote for
conventional nuclear power. This is where the Hyperion Power Module, a safe, secure,
transportable power generator can help.

Conceived at Los Alamos National Laboratory, the Hyperion Power Module intellectual
property portfolio has been licensed to Hyperion Power Generation for
commercialization under the laboratorys technology transfer program. Inherently safe
and proliferation-resistant, the HPM utilizes the energy of low-enriched uranium fuel in a
technology unlike any other currently in use or in development. Approximately 4,000
units of the same design will be produced, sealed and shipped from company
manufacturing sites.

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Press Contact: Claire Gimble

Phone: +1 (703) 722-2821 (USA)



Email: pressathyperionpowergenerationdotcom  (pressathyperionpowergenerationdotcom)