Lightbridge’s Jim Malone to Speak at World Nuclear Fuel Cycle Conference
April 18 2018 - 7:00AM
Lightbridge Corporation (NASDAQ:LTBR), a nuclear fuel
technology company, today announced that Jim Malone, Chief Fuel
Development Officer, is scheduled to speak at the World Nuclear
Fuel Cycle conference on April 19. Organized by the Nuclear Energy
Institute and World Nuclear Association, the World Nuclear Fuel
Cycle Conference is an international forum taking place in Madrid
from April 17-19.
During a panel discussion on fuel fabrication
and innovation, Malone will update conference attendees on the
development of Lightbridge’s metallic fuel, designed to make both
existing and new nuclear power plants more efficient and
cost-competitive.
“We continue to make steady progress toward
developing and commercializing our new fuel design, which offers
economic, efficiency and safety benefits for operators of existing
nuclear power plants as well as new reactors. With the nuclear
industry under pressure from inexpensive fossil fuels, the cost
improvements of using Lightbridge fuel could make a major
difference for nuclear plant operators,” Lightbridge’s Malone said.
“Our work with Framatome, through our Enfission joint venture, has
been moving rapidly, and we look forward to presenting these
developments to senior industry executives and thought leaders
attending the World Nuclear Fuel Cycle conference.”
Lightbridge announced in January the launch of a
new joint venture, Enfission, to develop, license and sell nuclear
fuel assemblies based on Lightbridge’s patented technology in
partnership with Framatome, a leader in nuclear fuel, components
and reactor services. The two companies are pursuing preliminary
steps toward the testing of fuel samples at the Halden research
reactor in Norway.
Nuclear Engineering Design, a leading scientific
journal associated with European Nuclear Society, published an
article on April 15 in which the authors found that Lightbridge
fuel offered significant nonproliferation benefits compared to
traditional fuel designs.
About Lightbridge Corporation
Lightbridge (NASDAQ:LTBR) is a nuclear fuel
technology development company based in Reston, Virginia, USA. The
Company develops proprietary next generation nuclear fuel
technologies for current and future reactors, which significantly
enhances the economics and safety of nuclear power, operating about
1000° C cooler than standard fuel. In January 2018, Lightbridge and
Framatome, Inc. formed a 50-50 joint venture, Enfission, LLC, to
develop, license, manufacture, and sell nuclear fuel assemblies
based on Lightbridge-designed metallic fuel technology and other
advanced nuclear fuel intellectual property. Enfission has the
exclusive rights to this technology and is responsible for the
development of manufacturing processes and fuel assembly designs
for pressurized water reactors (PWRs), boiling water reactors
(BWRs), water-cooled small modular reactors, and water-cooled
research reactors developed around this intellectual property. PWRs
and BWRs constitute the most widely used reactor types in the
world. Four large electric utilities that generate about half the
nuclear power in the US already advise Lightbridge on fuel
development and deployment. In addition to distributions from
Enfission based on the parties’ ownership interest in the joint
venture, Lightbridge anticipates receiving future licensing
revenues in connection with sales by Enfission of nuclear fuel
incorporating its intellectual property. Lightbridge also provides
comprehensive advisory services for established and emerging
nuclear programs based on a philosophy of transparency,
non-proliferation, safety and operational excellence. For more
information please visit: www.ltbridge.com.
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Forward Looking Statements
With the exception of historical matters, the matters discussed
in this news release are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding the Company's joint venture
operating agreement and other binding agreements with Framatome,
the expected cooperation between Framatome and the Company, the
ability of commercial nuclear utilities to generate more
electricity from their nuclear power plants using Lightbridge fuel,
and that the economic and safety benefits of our fuel will
encourage greater use of nuclear power. These statements are based
on current expectations on the date of this news release and
involve a number of risks and uncertainties that may cause actual
results to differ significantly from such estimates. The risks
include, but are not limited to, the degree of market adoption of
the Company's product and service offerings; market competition;
dependence on strategic partners; demand for fuel for nuclear
reactors; the Company's ability to manage its business effectively
in a rapidly evolving market; as well as other factors described in
Lightbridge's filings with the Securities and Exchange Commission.
Lightbridge does not assume any obligation to update or revise any
such forward-looking statements, whether as the result of new
developments or otherwise. Readers are cautioned not to put undue
reliance on forward-looking statements.
Investor Relations Contact:
David Waldman/Natalya RudmanTel. +1 855-379-9900
ir@ltbridge.com
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