Dr. Edward (Ned) Swan Appointed International General Counsel at IX Power

LOS ALAMOS, NM., December 8, 2011 – Dr. Edward (Ned) Swan has been appointed IX Power’s International General Counsel. The announcement from IX Power founder and CEO John R. Grizz Deal was made following the formation in the United Kingdom of IX Power, Limited, a wholly owned subsidiary of IX Power, LLC.

“I could not imagine a more perfect individual for this position,” said Deal. “Ned has over 30 years of experience practicing in the U.S., U.K., and Europe in all aspects of financial services regulation, documentation and litigation. He is a highly valued advisor to national governments, regulators, exchanges, clearing houses, banks, investment funds, brokerage houses, trade associations, commodity traders and commodity producers. We are honored to have him join us.”

Dr. Swan has been a partner at three major international law firms, where he specialized in financial services regulation and litigation advice to exchanges, major international trading houses and banks. He also established his own international financial services practice in New York where he was lead counsel in a number of landmark international financial markets cases. Representative matters include legal advisor to the Council of European Energy Regulators on regulation of European wholesale gas and electricity trading; advising on major regulatory investigation in connection with the Madoff affair; advising a leading international bank on major acquisition of business of another leading international bank, and lead counsel in a landmark energy market manipulation case.

Dr. Swan is also a visiting professor at the Faculty of Law at University College London where he originated, and taught the LLM (Master’s degree) course in Regulation of Financial Markets. He is admitted to the New York and US Federal Courts and the International Bar Association. In addition to English, Dr. Swan also speaks excellent French.

The IX Power team is most famous for their commercialization of a revolutionary nuclear power reactor that is safe and small enough to be transported on the back of a truck. Today, under their new company, IX Power, their interests have been expanded to include every type of clean energy technology — wind, solar, bio fuels, geothermal and nuclear. The objective of IX Power’s activities is to assist evolving economies in identifying and establishing the most appropriate clean technology, or mix of technologies, to fit their specific and unique community needs. In the next two years, IX Power is specifically working to provide solutions in power and clean water plant design, power distribution and grid planning, plant monitoring, plant optimization and disaster planning for beyond design basis incidents.

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