Mirion Technologies stock rises after strategic partnership with Westinghouse

Investing.com -- Mirion Technologies (NYSE:MIR) stock rose 5.8% following the announcement of a strategic partnership with Westinghouse Electric Company to provide digital Ex-core Nuclear Instrumentation Systems (NIS) based on Mirion’s proTK product line.

The collaboration aims to modernize outdated analog neutron flux monitoring equipment originally designed in the 1960s, offering nuclear power plants a drop-in replacement solution that reduces maintenance costs and operational disruptions. The partnership targets both Westinghouse and Combustion Engineering designed pressurized water reactors (PWRs) worldwide.

Mirion’s proTK technology has already demonstrated its reliability with over 400 drawers implemented globally, representing more than 4,000 operating years across nuclear facilities. The digital upgrade is designed to alleviate operator and maintenance burdens while enhancing performance for sustained operations.

"At Mirion, we are committed to advancing the nuclear industry through proven radiation safety technologies and expertise, and this partnership with Westinghouse underscores the importance of digital innovation," said Loic Eloy, President of Mirion Technologies Group. "The integration of our proTK technology into the Westinghouse-designed fleet will bring unparallelled reliability and accuracy. We are excited to support the long-term success of the Westinghouse nuclear footprint through this initiative."

The partnership positions Mirion, a provider of radiation safety solutions, to expand its footprint in the nuclear power industry through exclusive distribution of its digital NIS upgrade solution via Westinghouse, a leading supplier of nuclear plant instrumentation and control systems.

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