Velan Awarded Important Valve Order for Pickering Nuclear Generation Station Refurbishment

Core Points - Velan Inc. has received a valve order exceeding $20 million CAD from Ontario Power Generation for Emergency Cooling Injection valves for three reactors at the Pickering Nuclear Generation Station [1][2] - The valves are rated ASME III class 1, indicating the highest safety and reliability standards [2] - Velan has a long-standing relationship with OPG, having supplied the original valves over 45 years ago and continuously supporting the facility [2][3] - The first shipment of valves is scheduled for January 2027, with all deliveries expected to be completed by January 31, 2028 [2] - The project supports Canadian nuclear innovation and aligns with global efforts to expand clean energy capacity [3] Company Overview - Velan Inc. was founded in Montreal in 1950 and is a leading manufacturer of industrial valves [4] - The company operates manufacturing plants in 9 countries and is publicly traded on the Toronto Stock Exchange under the symbol VLN [4] - Velan has been a trusted supplier to the nuclear industry for over 75 years, emphasizing safety, reliability, and sustainability [3]