NuScale Power to Hold Third Quarter 2024 Earnings Conference Call
October 07 2024 - 5:50AM
Business Wire
NuScale Power Corporation (NYSE: SMR), the industry-leading
provider of proprietary and innovative advanced small modular
reactor nuclear technology, today announced it will host a
conference call to review third quarter 2024 results on Thursday,
November 7, 2024, at 5:00 p.m. ET. Financial results will be
released after market close that day.
The conference call may be accessed by dialing (888) 550-5460
with conference ID 4347254 or by visiting the Events &
Presentations page of the company’s website.
A replay of the webcast will be available for 30 days.
About NuScale Power
Founded in 2007, NuScale Power Corporation (NYSE: SMR) is the
industry-leading provider of proprietary and innovative advanced
small modular reactor (SMR) nuclear technology, with a mission to
help power the global energy transition by delivering safe,
scalable, and reliable carbon-free energy. The company’s
groundbreaking SMR technology is powered by the NuScale Power
Module™, a small, safe, pressurized water reactor that can each
generate 77 megawatts of electricity (MWe) or 250 megawatts thermal
(gross), and can be scaled to meet customer needs through an array
of flexible configurations up to 924 MWe (12 modules) of
output.
As the first and only SMR to have its design certified by the
U.S. Nuclear Regulatory Commission, NuScale is well-positioned to
serve diverse customers across the world by supplying nuclear
energy for electrical generation, data centers, district heating,
desalination, commercial-scale hydrogen production, and other
process heat applications.
To learn more, visit NuScale Power’s website or follow us
on LinkedIn, Facebook, Instagram, X and
YouTube.
Forward Looking Statements
This release may contain forward-looking statements (including
without limitation statements to the effect that the Company or its
management "will," "believes," "expects," “anticipates,” "plans" or
other similar expressions). These forward-looking statements
include statements relating to strategic and operational plans,
capital deployment, future growth, new awards, backlog, earnings
and the outlook for the company’s business.
Actual results may differ materially as a result of a number of
factors, including, among other things, the Company’s liquidity and
ability to raise capital; the Company's failure to receive new
contract awards; cost overruns, project delays or other problems
arising from project execution activities, including the failure to
meet cost and schedule estimates; intense competition in the
industries in which we operate; failure of our partners to perform
their obligations; cyber-security breaches; foreign economic and
political uncertainties; client cancellations of, or scope
adjustments to, existing contracts; failure to maintain safe
worksites and international security risks; risks or uncertainties
associated with events outside of our control, including weather
conditions, pandemics (including COVID-19), public health crises,
political crises or other catastrophic events; the use of estimates
and assumptions in preparing our financial statements; client
delays or defaults in making payments; the failure of our
suppliers, subcontractors and other third parties to adequately
perform services under our contracts; uncertainties, restrictions
and regulations impacting our government contracts; the inability
to hire and retain qualified personnel; the potential impact of
certain tax matters; possible information technology interruptions;
the Company's ability to secure appropriate insurance; liabilities
associated with the performance of nuclear services; foreign
currency risks; the loss of one or a few clients that account for a
significant portion of the Company's revenues; damage to our
reputation; failure to adequately protect intellectual property
rights; asset impairments; climate change and related environmental
issues; increasing scrutiny with respect to sustainability
practices; the availability of credit and restrictions imposed by
credit facilities for our clients, suppliers, subcontractors or
other partners; failure to obtain favorable results in existing or
future litigation and regulatory proceedings, dispute resolution
proceedings or claims, including claims for additional costs;
failure by us or our employees, agents or partners to comply with
laws; new or changing legal requirements, including those relating
to environmental, health and safety matters; failure to
successfully implement our strategic and operational initiatives
and restrictions on possible transactions imposed by our charter
documents and Delaware law. Caution must be exercised in relying on
these and other forward-looking statements. Due to known and
unknown risks, the Company’s results may differ materially from its
expectations and projections.
Additional information concerning these and other factors can be
found in the Company's public periodic filings with the Securities
and Exchange Commission, including the general economic conditions
and other risks, uncertainties and factors set forth in the section
entitled “Cautionary Note Regarding Forward-Looking Statements and
Summary of Risk Factors” in the Company’s annual report on Form
10-K for the period ended December 31, 2023 and under similar
headings in subsequent filings with the U.S. Securities and
Exchange Commission. The referenced SEC filings are available
either publicly or upon request from NuScale's Investor Relations
Department at ir@nuscalepower.com. The Company disclaims any intent
or obligation other than as required by law to update its
forward-looking statements in light of new information or future
events.
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version on businesswire.com: https://www.businesswire.com/news/home/20241007728076/en/
Investor Contact Scott Kozak, Director, Investor
Relations, NuScale Power skozak@nuscalepower.com
Media Contact Chuck Goodnight, Vice President, Business
Development, NuScale Power media@nuscalepower.com
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