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Therefore, taking on Flibe Energy is not the result of a mistake but a conscious decision, even though companies working in this technology segment are having a hard time competing. The Company will develop small modular reactors based on liquid-fluoride thorium reactor (LFTR) technology. The technology has been known for several decades and is based on Alvin Weinberg‘s theory. The founder of Flibe Energy, Kirk Soren- sen, wants to further develop this approach. As long as we don‘t have a fundamental solution for the global thirst for energy like e.g. cold fusion all technical options should be examined.

The same applies to the company TerraPower with their Traveling Wave Reactor (TWR) that produces significantly smaller amounts of nuclear waste than conventional nuclear reactors. The

We have updated our watchlist at the end of the year and now list 206 non-public and public technology companies. The list is not static and will be amended on a regular basis depending on the companies‘ economic performance, their growth, innovation potential and their progress in product development. The key element is inno- vation.

11-11/12 :: November/December 2011

Editor‘s Letter