Terrestrial Energy Announces Appointment of Lockheed Martin Former Chief Technology Officer to International Advisory Board

NEW YORK, NEW YORK--(Marketwired - Aug. 5, 2015) - Terrestrial Energy announces that it has appointed Dr. Ray O. Johnson to its International Advisory Board. Dr. Johnson was the Chief Technology Officer of Lockheed Martin, the largest defense contracting company and the leading systems integrator for Department of Defense customers globally. Dr. Johnson brings thirty years of experience in the defense industry and in specialized technology to Terrestrial Energy's team. Dr. Johnson's unique experiences in science and technology at the very highest echelons of global industry are relevant to Terrestrial Energy's objective of becoming a top-tier global nuclear reactor vendor.

Dr. Johnson served for nine years as Senior Vice President of Corporate Engineering, Technology and Operations, and Chief Technology Officer of Lockheed Martin Corporation. Lockheed Martin is a Fortune 100 company, with annual revenues exceeding $45 Billion, and employing over 116,000 personnel worldwide. It is a leading provider of safety-critical nuclear instrumentation & control systems. Dr. Johnson was responsible for over 72,000 personnel working on over 4,000 programs that provide the nation's most vital security systems. Prior to his role at Lockheed Martin, Dr. Johnson spent ten years in senior executive roles with Modern Technology Solutions Inc and Science Applications International Corp - both large defense contracting companies. Dr. Johnson has been invited to speak at the World Economic Forum from 2009 to 2014, and he has provided expert testimony to the United States Congress. He is a much sought-after speaker on business, strategy and innovation. Dr. Johnson served as an officer in United States Air Force for 12 years. He received his PhD in Electrical Engineering from the Air Force Institute of Technology.

Dr. Johnson's appointment complements Terrestrial Energy's other recent appointments, including the former President of Bechtel, the former head of the US EPA, a former US NRC Commissioner and many other thought leaders in industry. Dr. Johnson made the following comments regarding his appointment:

"I have been following the development of molten salt reactor systems for many years. In my view, Terrestrial Energy's technology is essential for global industry and for global security. I am thrilled now to be part of the project and to bring my 30 years of industrial experience and network to help advance IMSR technology to commercialization."

About Terrestrial Energy

Terrestrial Energy has the objective of being a top-tier nuclear reactor vendor globally. The commercial deployment of its proprietary Molten Salt Reactor technology is scheduled for 2024. Molten Salt Reactor technology represents a revolution in nuclear safety, waste and proliferation resistance, and in energy cost-competitiveness. Terrestrial Energy's Integral Molten Salt Reactor (IMSR) is a small modular design, with models ranging from 80 MWth to 600 MWth - ideally suited for small- to mid-size electricity markets and industrial operations, including on- and off- grid power provision. Terrestrial Energy's board and management consist of executives from the nuclear, electric utility and finance industries.

WNA Symposium

Dr. David LeBlanc will be presenting at the World Nuclear Association Symposium on September 10, 2015 in London, UK. Terrestrial Energy is a member of the WNA. As World Nuclear Association membership has grown to encompass almost every enterprise in the global nuclear industry, the annual World Nuclear Association Symposium has established itself as the industry's foremost international meeting, attracting an attendance of over 600 leaders and specialists from more than 30 countries. The Symposium is also drawing increased attention from non-industry professionals who recognize nuclear power's central importance in securing our world's energy and environmental future. The event offers extensive networking opportunities, Q&A sessions, interactive panel discussions, a large exhibition and fantastic social events. Please register to attend the WNA Symposium here:

http://www.wna-symposium.org/ehome/index.php?eventid=108035&

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Keywords

Small Modular Reactor

Molten Salt Reactor

Generation IV Reactor

Advanced Nuclear