ODC to Help Fund HT3R Facilities Project

Neil McDonald: 1-877-363-3772 • Fax: 432-333-7858 • info@odessaecodev.com [mailto:info@odessaecodev.com] click logo to return to home page back to News Releases ODC to Help Fund HT3R Facilities Project (ODESSA, TEXAS) In a special board meeting today, January 27, 2006, the Odessa Development Corporation (ODC) expressed its intent to participate with UTPB, the City of Andrews, and the Midland Development Corporation to develop a preconceptualdesign and application for funding the High Temperature Teaching and Test Reactor (HT3R) Facilities Project. The Board members of the Odessa Development Corporation have endorsed the project and agreed to participate equally with Andrews and Midland Development Corporation by allocating $500,000 to the project. The Board’s opinion is that if the project were submitted to the federal government and awarded, it would have a major impact on the economy and participating entities, as well as result in increased post graduate research at the UTPB campus in Odessa, as well as the CEED campus in Midland County. It is understood that it is necessary for the participating entities to contribute a total sum of $1.5 million which along with other private contributions that will total at least $3 million to will fund the purchase of the core reactor plans and specifications to be used in the Pre-Conceptual Design.