Enfission to Present Innovative Metallic Fuel Technology at World Nuclear Exhibition
June 19 2018 - 7:00AM
Executives from Enfission, LLC, a joint venture between Lightbridge
Corporation (NASDAQ:LTBR), a nuclear fuel developer, and Framatome,
a global leader in nuclear fuel, components, and reactor services,
will present its cutting-edge metallic fuel technology at a
workshop during the World Nuclear Exhibition on June 28 at 12:00
p.m. local Paris time. At the workshop, Enfission CEO Seth Grae and
Enfission Project Director Aaron Totemeier will provide an overview
of the development of the Lightbridge Fuel technology, designed to
make existing and new nuclear power plants significantly more
efficient and cost competitive.
Enfission and Lightbridge will also offer
information about the advantages of the innovative metallic fuel at
their stand, F-156, in Hall 7 throughout the duration of the World
Nuclear Exhibition in Paris from June 26-28, 2018. The stand will
provide information about Enfission and its mission to
commercialize and produce fuel assemblies for nuclear plant
operators around the world based on Lightbridge’s fuel designs.
Enfission CEO Grae said: “As the world’s largest
gathering of its type, the World Nuclear Exhibition is an excellent
venue to educate industry, regulatory and government officials, as
well as global institutional investors, on the benefits of
Lightbridge Fuel technology, which promises to make both existing
and new nuclear power plants even safer and more economical. We’re
also designing the fuel to enhance proliferation resistance of used
fuel, as well as facilitate the ability of reactors to load follow
so they can be paired with renewables, and extend the licensed
lives of reactors. The world must significantly expand the use of
nuclear energy in order to protect the climate, while meeting the
world’s growing energy needs. For this reason, solutions such
as ours, aimed at improving nuclear energy’s safety and economics,
are even more vital.”
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 StatementsWith 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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