EU Alliance with Alstom

Oxford Instruments PLC 26 June 2007 26th June 2007 Oxford Instruments plc Alstom Magnets and Superconductors and Oxford Superconducting Technology announce EU Alliance Oxford Instruments plc, a leading provider of high technology tools and systems for industry and research, is pleased to announce the creation of an alliance between its wholly owned subsidiary Oxford Superconducting Technology of Carteret, NJ, USA, and Alstom Magnets and Superconductors of Belfort, France (a wholly owned subsidiary of Alstom). The alliance will be focused on winning supply contracts in the European Union for niobium-tin superconducting strand for ITER, a joint international research and development project that aims to demonstrate the scientific and technical feasibility of fusion power. ITER will be one of the largest scientific projects ever undertaken. The facility will be built in Cadarache, France, a research centre for nuclear energy created in 1959 by the Commissariat a l'Energie Atomique. Nuclear fusion taps energy from reactions like those that heat the Sun, using fuel sources that are abundantly available, and accessible to all nations. Fusion is seen as a cleaner approach to power production than nuclear fission and fossil fuels. The ITER device is based on the tokamak concept, and will make extensive use of niobium-tin superconducting magnets to contain the fusion reaction. More than 500 tonnes of niobium-tin superconducting strand will be used in the construction of the ITER magnets, of which at least 90 tonnes, with an expected market value of €47 million, are expected to be sourced in the EU. The Alstom - Oxford Instruments consortium expects to be one of four manufacturers of niobium-tin superconductors competing to supply EU ITER. Commenting on the agreement, Steven Parker, President of Oxford Superconducting Technology, and the Commercial Director for Oxford Instruments plc said, "I am delighted with the opportunity to collaborate on the supply of conductor to ITER. OST's advanced niobium-tin strand design and manufacturing technology, coupled with the strong operational capabilities at Alstom, should provide a very robust platform from which we can jointly supply the ITER project." Enquiries: Oxford Instruments plc Tel: 01865 393200 Kevin Boyd, Group Finance Director Lynn Shepherd, Marketing Manager Hogarth Partnership Limited Tel: 020 7357 9477 Rachel Hirst / Andrew Jaques / Ian Payne Notes to Editors Oxford Instruments plc designs, supplies and supports high-technology tools, processes and solutions with a focus on physical science, bioscience, environmental and industrial research and applications. It provides solutions needed to advance fundamental nanoscience research and its transfer into commercial nanotechnology applications. Innovation has been the driving force behind Oxford Instruments' growth and success for over 40 years, and its strategy is to effect the successful commercialisation of these ideas by bringing them to market in a timely and customer-focused fashion. The first technology business to be spun out from Oxford University over forty years ago, Oxford Instruments is now a global company with over 1,300 staff worldwide and a listing on the London Stock Exchange (OXIG). Its objective is to be the leading provider of new generation tools and systems for the Physical Science and Bioscience sectors. This involves the combination of core technologies in areas such as low temperature and high magnetic field environments; superconductivity; Nuclear Magnetic Resonance; X-ray electron and optical based metrology, and advanced growth, deposition and etching. Our products, expertise, and ideas address global issues such as energy, environment, terrorism and health and are part of the next generation of telecommunications, energy products, environmental measures, security devices, drug discovery and medical advances. ALSTOM is a global leader in the world of power generation and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. ALSTOM builds the fastest train and the highest capacity automated metro in the world, and provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, gas and coal. The Group employs 65,000 people in 70 countries, and had orders of €19 billion in 2006/07. This information is provided by RNS The company news service from the London Stock Exchange
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