CHALK RIVER, ON, Sept. 10, 2012 /CNW/ - Atomic Energy of Canada Limited
(AECL) reports that on Friday September 7, AECL received the decision
of the Tribunal in the MAPLE Arbitration between AECL and Nordion.
The majority of the Tribunal affirmed AECL's position in the
arbitration. In the result, Nordion's arbitration claim was dismissed.
This decision concludes a three-year arbitration process. AECL
appreciates the thoroughness with which the Tribunal has approached the
case while giving full consideration to the submissions of both sides.
AECL will be reviewing and analysing carefully all aspects of the
decision to ensure a thorough understanding of the implications. Both
AECL and Nordion are bound by confidentiality obligations relating to
the arbitration process, including the details of the decision.
Atomic Energy of Canada Limited (AECL) is Canada's premier nuclear
science and technology organization. For 60 years, AECL has been a
world leader in developing peaceful and innovative applications from
nuclear technology through its expertise in physics, metallurgy,
chemistry, biology and engineering.
Over 3,000 highly skilled employees deliver a range of nuclear services
- ranging from research and development, design and engineering to
specialized technology, waste management and decommissioning.
Today, AECL continues its commitment to ensure that Canadians and the
world receive energy, health, environmental and economic benefits from
nuclear science and technology with confidence that nuclear safety and
security are assured.
More information on AECL can be found at www.aecl.ca.
SOURCE: Atomic Energy of Canada Limited
For further information:
Director, Corporate Communications
Atomic Energy of Canada Limited