Collaboration Agreement with the Paul Scherrer Institute

Transmutex has entered a collaboration agreement with the Paul Scherrer Institute (PSI) for the development of its carbon-free energy production technology based on the combination of particle accelerators and thorium fuel. Through this agreement Transmutex will have access to PSI's foremost experts in nuclear safety, nuclear waste analysis, fuel cycle, spallation target design, as well as operation of high-power proton-beam cyclotrons. PSI was a key member of the hugely impactful MEGAPIE experiment for a high-energy spallation target. It has also operated for over three decades the most powerful proton-beam cyclotron in the world with 590MeV and 2 mA. "The technology that Transmutex endeavors to develop has been conceived at CERN by Professor Carlo Rubbia and a team of extremely talented scientists. PSI is dedicated to help in any way possible the commercial development of breakthrough carbon-free technology for the benefit of humanity. We commit to supporting Transmutex in its ambition," stated Professor Andreas Pautz, director of the Nuclear Energy and Safety division at PSI. "Designing a high-power, high-reliability cyclotron for the operation of the Transmutex prototype within ten years is a wonderful challenge for PSI and my team," added Dr. Mike Seidel, director of the Large Research Facility Division. "We are confident that together with the talented team from Transmutex and their international partners this challenge can be met using the latest superconductor technologies and computing tools." About PSI: The Paul Scherrer Institute PSI is the largest research institute for natural and engineering sciences in Switzerland, conducting cutting-edge research in three main fields: matter and materials, energy and the environment and human health. PSI develops, builds and operates large complex research facilities. Every year, more than 2500 scientists from Switzerland and around the world come to PSI to use their unique facilities.

The institute is part of the ETH domain, with the other members being the two Swiss Federal Institutes of Technology, ETH Zurich and EPFL Lausanne, as well as Eawag (Swiss Federal Institute of Aquatic Science and Technology), Empa (Swiss Federal Laboratories for Materials Science & Technology) and WSL (Swiss Federal Institute for Forest, Snow and Landscape Research).