Ultra Electronics and CGN agree to closer working partnership

Ultra Electronics announced on Friday that it signed a memorandum of understanding with CGN of China, that would see both companies co-operate more closely in the field of high integrity instrumentation and control systems and sensors for civil nuclear power within China, the UK and other international markets.

The FTSE 250 company said the agreement covered collaboration on next generation instrumentation and control systems, including reactor protection and control.

It said the signing ceremony was attended by representatives from the UK Government and senior management from both companies.

“CGN started cooperation with Ultra Electronics a long time ago, including on Ling Ao Phase II and other CGN nuclear power projects in China,” said CGN senior vice president Zheng Dongshan.

“I am really glad today we sign the MoU with Ultra to deepen and broaden our existing collaboration areas, both in the UK and Chinese nuclear market.”

Rakesh Sharma, chief executive of Ultra Electronics, stated he was pleased the two companies signed the agreement, which he said recognised Ultra's position in the supply of safety critical instrumentation and control to the global nuclear industry.

“Through our continuing strategic relationship with CGN we are delighted to help deliver mutual benefit to both the Chinese and UK civil nuclear markets.”

The MoU would also explore possible collaboration in areas such as engineering support, localised manufacture and testing, through-life support, safety systems and sensors, and lifetime plant performance monitoring.