LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it has convened a panel of independent reviewers to perform a Technology Readiness Level Assessment (TRA) of the CRISLA-3G technology at the LIST facility in Oak Ridge, TN during the week of March 11 – 13, 2025.

The CRISLA-3G laser isotope separation technology was evaluated and determined to meet all elements required for TRL-4, conforming to the Department of Energy guide DOE G 413.3-4A. It shows that all critical components were successfully validated in a laboratory environment, supported by experimental results from the integrated system.

The TRA Team leveraged a well-established TRA process developed and implemented by the U.S. Department of Energy (DOE) Office of Environmental Management (EM). Each Critical Technology Element (CTE) was assessed against TRL-4, TRL-5, and TRL-6 calculator elements, which address technical, manufacturing, and programmatic factors. The Technology Readiness Level (TRL) is a technology maturity system ranging from TRL-1 (basic principles observed and reported) to TRL-9 (actual system operated over full range of expected conditions). The TRL rating system was developed by NASA and DoD to evaluate the deployment readiness of a given technology and has been adopted by agencies across the federal government.

“We are very pleased that the independent Technology Readiness Assessment team scored our TRL at 4, meeting 27 out of 27 criteria,” said Christo Liebenberg, CEO and Co-Founder of LIS Technologies Inc. “Also identified were the critical technical elements (CTE’s) to progress through TRL5, 6 and 7 in the coming years. We have high confidence that we can meet all these CTEs in our roadmap to commercialization.”

“With our interaction with the TRL assessment team, I feel reassured that our technology is moving forward in the right direction,” said Viktor Chikan, Ph.D., Co-Chief Technical Officer of LIS Technologies Inc. “In my view, the TRL assessment provides the necessary transparency for both investors and the technical team to execute on the project plan and realize the commercial enrichment facility based on CRISLA technology.”

“This is a very important milestone for the advancement of CRISLA technology,” said Keith Everly Head of Security and IP Management of LIS Technologies Inc. “I am pleased that our self-assessment of our progress with the CRISLA technology process is in good alignment with the assessment of a qualified independent board of reviewers.”

“The Technology Readiness Level framework is essential for guiding innovative technologies toward full-scale commercialization,” said Jay Yu, Executive Chairman and President of LIS Technologies Inc. “This review of our patented CRISLA technology underscores the substantial progress LIST’s technical team has achieved in preparing the system for the demonstration activities required for TRL 5. Successfully completing those demonstration steps will be a major threshold in establishing our leadership in this space.”