AtkinsRéalis and Türkiye Advance Canada's Global Nuclear Ambitions Through Stronger Nuclear Technology Cooperation

• Memorandum Of Agreement (MOA) supports Government of Canada's ambition to expand the global reach of its CANDU® nuclear technology, while supporting Türkiye's economic and energy goals
• Feasibility study will evaluate technical, environmental, infrastructure and economic considerations associated with future nuclear development in Türkiye
• Program establishes a pathway from feasibility through to Front-End Engineering Design (FEED) activities to support future investment decisions

MONTREAL, Nov. 12, 2026 /CNW/ -- AtkinsRéalis Group Inc. (TSX: ATRL), a world-class engineering services and nuclear company with offices around the world, today announced that its subsidiary Candu Energy Inc. has taken an important step forward in advancing Canada's international nuclear ambitions with the signing of a Memorandum of Agreement (MOA) with state-owned Türkiye Nükleer Enerji Anonim Şirketi (TÜNAŞ) at COP31 in Antalya, Türkiye.

"This milestone reflects the federal government's ambitions to strengthen international partnerships and the global reach of Canadian nuclear expertise, with CANDU nuclear technology at the centre of that strategy," said Ian L. Edwards, President and Chief Executive Officer, AtkinsRéalis. "We are partnering with Türkiye to support its efforts to achieve its climate commitments and economic and energy security goals with low-carbon, baseload power, while expanding opportunities for Canada's nuclear sector."

AtkinsRéalis will undertake a comprehensive feasibility study and Front-End Engineering Design (FEED) for the expansion of Türkiye's nuclear program. For a potential multi-unit deployment, the study will evaluate the site's characteristics, infrastructure requirements, environmental considerations and broader project development needs. It will also examine how a future nuclear program could be delivered in Türkiye, including opportunities to develop local supply chains, strengthen domestic nuclear expertise and maximize long-term economic value. The study is expected to be completed before the end of 2027. It will support future planning activities and investment decisions associated with nuclear development opportunities at the site.

Released earlier this year, Canada's Nuclear Energy Strategy identified international partnerships, exports and market diversification as key priorities for strengthening Canada's position as a global nuclear leader. The Government of Canada has committed to working with provincial, utility and industry partners to maintain the commercial viability and competitiveness of CANDU technology. Agreements such as this put that commitment into action, with government and industry working together to expand international opportunities for CANDU and bring Canadian nuclear technology and expertise to global markets.

"Countries are looking for reliable ways to strengthen energy security, resilience and meet rising electricity demand, and there is broad consensus that nuclear is an essential part of the solution," said Joe St. Julian, President, Nuclear, AtkinsRéalis. "From Canada and the United States to Central Europe and the ASEAN region, governments are looking for proven technologies and experienced partners that can help turn nuclear ambitions into reality. Türkiye is an important part of that growth story for AtkinsRéalis."

Developed in Canada, CANDU is a heavy-water reactor technology with some of the highest capacity factors of all reactors in the world. It is built for today's world, offering a combination of energy security, fuel flexibility, strong local supply chain opportunities and reliable, large-scale, low-carbon power. These attributes resonate with countries around the world as they seek to build resilient energy systems in a changing geopolitical environment. There are currently 34 CANDU nuclear reactors built on four continents.

About AtkinsRéalis   

Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital advisory services. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services and Nuclear, as steward of CANDU^® nuclear technology. News and information are available at www.atkinsrealis.com or follow us on LinkedIn. 

About AtkinsRéalis' Nuclear Business 

AtkinsRéalis has over 70 years of global nuclear expertise, delivering nuclear technology products and full-service solutions to nuclear utilities around the world. AtkinsRéalis is the steward of CANDU® nuclear technology, operating on four continents, and provides advisory and engineering services to other nuclear developers. With an innovative technology portfolio, including access to over 500 patented solutions, AtkinsRéalis solves technically complex challenges across the whole nuclear lifecycle from design and new build through asset management and from life extension and late life management through decommissioning and waste management. AtkinsRéalis operates and manages government nuclear research sites, transforming ageing infrastructure and safely managing legacy nuclear waste. AtkinsRéalis' CANDU technology also allows for the co-production of medical radioisotopes for cancer detection and treatment. The company also supports cancer treatment through its partnership with TerraPower to extract isotopes from legacy nuclear material. Learn more on our Nuclear market page.  

Forward-Looking Statements

References in this press release to the "Company", "AtkinsRéalis", "we", "us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "aims", "anticipates", "assumes", "believes", "cost savings", "estimates", "expects", "forecasts", "goal", "intends", "likely", "may", "objective", "outlook", "plans", "projects", "should", "synergies", "target", "vision", "will" , or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2025 annual management disclosure & analysis ("2025 MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at www.sedarplus.com and on the Company's website at www.atkinsrealis.com under the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the 2025 MD&A (particularly in the section entitled "Risk and Uncertainties"), as may be updated from time to time in the Company's interim quarterly MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.

SOURCE AtkinsRéalis

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