Balance Sheet And FundingA strong cash position provides clear funding for construction of the test reactor and reduces the need for dilutive capital raises, supporting execution of planned milestones.
Permitting And Project ApprovalProgress toward filing a construction permit for the Kronos test reactor at the University of Illinois, supported by ongoing site characterization and preparatory work, increases the likelihood of regulatory approval and project advancement.
Technology Validation And Government EngagementSuccessful high-temperature testing of the Annular Linear Induction Pump (ALIP) combined with a DOE SBIR award strengthens commercial credibility and eases access to government and aerospace customers.