Oklo Conducts Full-Scale Fuel-Assembly Flow Testing at Argonne National Laboratory

Oklo Inc. (NYSE: Oklo) ("Oklo"), an advanced nuclear technology company, has conducted full-scale flow testing of a prototypical fuel assembly at the U.S. Department of Energy's (DOE's) Argonne National Laboratory ("Argonne") under a DOE Gateway for Accelerated Innovation in Nuclear (GAIN) voucher. The program has generated experimental data to validate computer models, demonstrate manufacturing parameters, and advance Oklo's fuel assembly design toward production.

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The Pressure Drop Experimental Loop for Investigations of Core Assemblies in Advanced Nuclear Reactors (PELICAN) at Argonne National Laboratory (Image: Oklo)

The Pressure Drop Experimental Loop for Investigations of Core Assemblies in Advanced Nuclear Reactors (PELICAN) at Argonne National Laboratory (Image: Oklo)

Working with Argonne's thermal-hydraulics team and test facilities, Oklo is studying how coolant flows through a fuel assembly across a range of operating conditions. The tests measured parameters such as pressure drop and flow distribution, providing data that will benchmark Oklo's simulations with full-scale performance.

"These full-scale, prototypical tests are vital in moving us from design into production," said Jacob DeWitte, co-founder and CEO of Oklo. "The work we're doing through GAIN at Argonne delivers real-world data that will ultimately inform the manufacturing parameters of our fuel-assembly design."

By combining Argonne's experimental capabilities with Oklo's ability to design and build prototypic Aurora components as part of its design, build, and test cycle, the effort supports the company's cost-effective approach to building large-scale parts for its powerhouses.

About Oklo Inc.: Oklo Inc. is developing fast fission power plants to deliver clean, reliable, and affordable energy at scale, establishing a domestic supply chain for critical radioisotopes, and advancing nuclear fuel recycling to convert nuclear waste into clean energy. Oklo was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant, was awarded fuel from Idaho National Laboratory, and submitted the first custom combined license application for an advanced reactor to the U.S. Nuclear Regulatory Commission. Oklo is also developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and U.S. National Laboratories.

Forward-Looking Statements

This press release includes statements that express Oklo's opinions, expectations, objectives, beliefs, plans, intentions, strategies, assumptions, forecasts or projections regarding future events or future results and therefore are, or may be deemed to be, "forward-looking statements." The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" or, in each case, their negative or other variations or comparable terminology, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the markets in which Oklo operates. Such forward-looking statements are based on information available as of the date of this press release, and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties.

As a result of a number of known and unknown risks and uncertainties, the actual results or performance of Oklo may be materially different from those expressed or implied by these forward-looking statements. The following important risk factors could affect Oklo's future results and cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: risks related to the deployment of Oklo's powerhouses; the risk that Oklo is pursuing an emerging market, with no commercial project operating, regulatory uncertainties; the potential need for financing to construct plants, market, financial, political and legal conditions; the effects of competition; risks related to the availability of fuel, including high-assay low-enriched uranium ("HALEU"), plutonium, and recycled fuels; changes in applicable laws or regulations; and the outcome of any government and regulatory proceedings and investigations and inquiries.

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties of the other documents filed by Oklo from time to time with the U.S. Securities and Exchange Commission. The forward-looking statements contained in this press release and in any document incorporated by reference are based on current expectations and beliefs concerning future developments and their potential effects on Oklo. There can be no assurance that future developments affecting Oklo will be those that Oklo has anticipated. Oklo undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Media and Investor Contact for Oklo:
Bonita Chester, Head of Communications and Media at media@oklo.com

Investor Contact:
Sam Doane, Director of Investor Relations at investors@oklo.com

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