ML110690026

Report of the Status of Efforts to Divest Itself of the Aerotest Radiography and Research Reactor

ML110690026
Person / Time
Site:	Aerotest
Issue date:	03/07/2011
From:	Mary Anderson Aerotest
To:	Document Control Desk, Office of Nuclear Reactor Regulation
References
Download: ML110690026 (2)

Text

0AEROTEST OPERATIONS, INC.

1-t3455 FOSTORIA WAY

• SAN RAMON, CA 94583 * (925) 866-1212

• FAX (925) 866-1716 March 7, 2011 Document Control Desk U.S. Nuclear Regulatory Commission 11555 Rockville Pike Rockville MD 20852 RE: Docket No. 50-228 Aerotest Radiography and Research Reactor License No. R-98 Pursuant to its letter of January 7, 2011 to the U.S. Nuclear Regulatory Commission (the "NRC"), Aerotest Operations, Inc. is providing this letter to report the status of its efforts to divest itself of the Aerotest Radiography and Research Reactor ("ARRR").

Aerotest is continuing discussions with a publicly traded corporation that provides nuclear services whereby the entity would take possession and stewardship of the facility, but Aerotest would retain title to the reactor fuel until such time as the U.S. Department of Energy would accept it for permanent storage.

As previously reported, Aerotest has also renewed discussions with X-Ray Industries, Inc., although such discussions are very preliminary and it is uncertain that they will result in further negotiations. There are no new developments in these discussions to report.

Finally, Aerotest has been approached by an individual with ties to the nuclear industry who purports to represent two entities potentially interested in pursuing a transaction. Non-disclosure agreements have been agreed to with one of these entities and a first due diligence visit has been scheduled at the facility during the week of March 13. This opportunity is obviously very preliminary and it is uncertain whether discussions will result in a transaction.

A subsidiary of Autoliv ASP, INC.

If you have any questions regarding this submittal, please contact Michael S. Anderson, Secretary of Aerotest at (248) 475-0442 or mike.anderson(,autoliv.com.

On behalf of Aerotest Operations, Inc., I certify that the content of this letter contains information that is true and correct to the best of my knowledge.

Michael S. Anderson Secretary Aerotest Operations, Inc.

A subsidiary of Autoliv ASP, INC.