30 million ITER contract


 

TIDMOXIG 
 
RNS Number : 7973V 
Oxford Instruments PLC 
16 July 2009 
 

Release Date:  16th July 2009 
 
 
Oxford Instruments selected for GBP30 million ITER contract 
 
 
Oxford Instruments, the world's leading supplier of superconducting materials, 
has been selected to supply 58 tonnes of superconducting wire to ITER at a value 
in excess of GBP30million. ITER is a joint international research and 
development project seeking alternative energy through fusion power and is one 
of the largest scientific projects ever undertaken. This order, which is subject 
to contract, has been agreed by 'Fusion for Energy', the European procurement 
agency for ITER based in Barcelona. 
 
 
The first deliveries will be towards the end of the current financial year and 
the effect on this year's trading is expected to be modest. Deliveries will be 
phased over the next three years. The wire will be supplied by Oxford 
Superconducting Technology, USA, a wholly owned subsidiary of Oxford 
Instruments. 
 
 
Opportunities exist for further supplies of superconducting wire to other 
procurement agencies of the ITER programme. 
 
 
Oxford Instruments has been named as one of the 30 British companies on the FTSE 
Environmental Opportunities Index, and its tools are being used for the 
development of alternative energy, research into climate change and 
environmental pollution. 
 
 
END 
 
 
Additional Notes: 
 
 
The European Joint Undertaking for ITER and the Development of Fusion Energy or 
'Fusion for Energy' is an organisation established in 2007 with the main 
objective of providing Europe's contribution to ITER.  The facility is being 
built in Cadarache, France, a research center for nuclear energy created in 1959 
by the Commissariat à l'Énergie 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 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 95 tonnes are expected to be sourced in the EU. 
 
 
Enquiries: 
 
 
+-----------------------------------------------+-----------------------------------------------+ 
| Oxford Instruments plc                        | Tel: 01865 393 200                            | 
+-----------------------------------------------+-----------------------------------------------+ 
| Jonathan Flint     Chief Executive            |                                               | 
+-----------------------------------------------+-----------------------------------------------+ 
| Kevin Boyd    Group Finance Director          |                                               | 
+-----------------------------------------------+-----------------------------------------------+ 
|                                               |                                               | 
+-----------------------------------------------+-----------------------------------------------+ 
| Hogarth Partnership                           | Tel: 020 7357 9477                            | 
+-----------------------------------------------+-----------------------------------------------+ 
| Rachel Hirst                                  |                                               | 
+-----------------------------------------------+-----------------------------------------------+ 
| Andrew Jaques                                 |                                               | 
+-----------------------------------------------+-----------------------------------------------+ 
 
 
Notes to Editors 
 
 
Oxford Instruments designs, supplies and supports high-technology tools, 
processes and solutions with a focus on physical science, life science, 
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 50 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 fifty 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 industry and 
research sectors. 
 
 
This involves the combination of core technologies in areas such as low 
temperature and high magnetic field environments, 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. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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