- The company says an independent third-party review of its Texatron(TM) fusion platform is underway, with the on-site evaluation finalizing on November 10.
- The reviewer’s final report is expected before the end of November, although the findings have not yet been disclosed.
- The review is intended to provide an external assessment of the company’s technology and engineering development; it is not certification of commercial performance or proof of fusion energy production.
- American Fusion(TM) also expects to close on a North Texas Ranch Facility before Thanksgiving, subject to customary closing requirements.
- The proposed property is intended to accommodate expanded research, engineering, testing and assembly activities as the company develops its fusion platform.
American Fusion(TM) (OTCBQ: AMFN), a developer of next-generation fusion energy technologies, is seeking an independent assessment of its Texatron(TM) fusion technology while preparing to acquire a dedicated research and development property in North Texas. The two developments, announced November 9 in the company’s latest release, mark parallel efforts to advance its technical program and establish infrastructure for its next stage of engineering work (https://ibn.fm/q0OLJ).
The independent reviewer has conducted an on-site evaluation at company facilities until November 10. American Fusion(TM) expects a final report before the end of November, subject to completion of the review process. The company said it plans to provide further information about the findings and the report’s availability once finalized.
American Fusion(TM) has also explicitly cautioned that the assessment should not be interpreted as certification of commercial performance or validation of any particular technical claim. The distinction is important in fusion, where engineering progress, experimental results and commercially viable electricity production represent separate stages of development.
Brent Nelson, the company’s chairman and chief executive, said American Fusion(TM) welcomed independent scrutiny of its technology and engineering program. He described the review as part of an effort to demonstrate progress through technical evaluation, testing and independent assessment. “Having an independent third party conduct an on-site technology review is an important milestone for American Fusion,” said Nelson. “We welcome independent scrutiny of our Texatron(TM) technology and our engineering program. Our objective is to demonstrate our progress through a disciplined process of technical evaluation, testing and independent assessment. We look forward to receiving the reviewer’s final report later this month.”
The second development concerns the anticipated acquisition of a North Texas property referred to as the Ranch Facility. American Fusion(TM) expects the transaction to close before Thanksgiving Day, November 26, subject to customary closing requirements.
The proposed facility is intended to provide a permanent location for continued Texatron(TM) development, with space for engineering, research, testing and assembly. The company says it expects to expand its technical infrastructure there as the program advances.
The acquisition would be part of a broader effort to establish a North Texas operating campus. American Fusion(TM) has previously reported progress toward securing dedicated operating space for its engineering work. In an October 22 announcement, the company said it had received an occupancy permit for a separate operating facility intended to serve as a headquarters, research and assembly location.
“Our vision is to establish a dedicated North Texas campus where our engineering teams can develop, assemble, evaluate and ultimately demonstrate our fusion energy systems,” Nelson added. “We believe that having a permanent facility is essential to supporting a serious, long-term technology development and commercialization program.”
American Fusion(TM) is developing the Texatron(TM) Fusion Engine(TM) through its wholly owned subsidiary, Kepler Fusion Technologies. The company describes the platform as an aneutronic fusion system intended for modular deployment in applications that could include industrial facilities, commercial operations and electricity-constrained infrastructure.
Aneutronic fusion refers to fusion reactions designed to produce a greater share of their energy in charged particles rather than neutrons. In principle, the kinetic energy of those charged particles can be captured through direct-conversion technologies, rather than relying solely on a conventional thermal cycle. American Fusion(TM) has also described a proposed magnetic-to-electric conversion system, but that technology remains under development and has not been demonstrated as a commercial power-generation system.
For more information, visit the company’s website at www.AmericanFusionEnergy.com.
NOTE TO INVESTORS: The latest news and updates relating to AMFN are available in the company’s newsroom at https://ibn.fm/AMFN
