David Carlson named new COO/CNO at Hyperion Power Generation Inc.

Intense focus on forward progress with completion of new leadership

DENVER, CO, September 26, 2011 – At Hyperion Power Generation Inc., David Carlson has been named Chief Operating Officer and Chief Nuclear Officer. 

Carlson comes to Hyperion with 30 years of nuclear experience. He was a senior executive of Duratek, a publicly traded nuclear services company, where he headed M&A activities and served as COO of the Commercial Business Segment. He spent over 15 years in senior management roles, both at Duratek and its predecessor companies, including serving as a Director at the Idaho National Laboratory. He was most recently COO at Aqua-Chem, a manufacturer of water purification equipment for global markets. David started his career as an officer in the U.S. Navy nuclear program where he served on nuclear submarines, in shipyards, and in the Pentagon.

“Hyperion has a compelling solution that can be an energy game-changer,” said Carlson. “The Hyperion Power Module can provide cost-effective, secure, 24/7 power to regions that do not need the capacity of a large-scale power plant.  Many of these regions currently rely on expensive diesel generation for power.”

“We are ecstatic to have Dave join us,” said Bob Prince, CEO. “His leadership, experience, and knowledge will be instrumental as we move through the next stages of development of the Hyperion Power Module.”

David Carlson and Bob Prince represent the core executive leadership team of Hyperion Power Generation, and will manage the responsibilities previously covered by former President, John R. “Grizz” Deal, and Vice President Deborah Blackwell; both of whom have moved on to other companies.

Hyperion Power Generation Inc., based in Denver, Colorado, was founded in 2007, and is working in collaboration with Los Alamos National Laboratory to develop an advanced design nuclear reactor referred to as the Hyperion Power Module (HPM).  The HPM produces 25 MW of electricity to power isolated and island communities, large government complexes, and remote mining or oil and gas operations. The design intent for the HPM is that it will provide safe and reliable power that is available 24/7, emitting no greenhouse gasses, and operate for 10 years without refueling. It is planned to be manufactured in a factory, transported to the installation site completely sealed, and after its useful life replaced with an entirely new module.