Lightbridge Executive Chairman Ambassador Thomas Graham Selected to Co-Chair Newly Formed Nuclear Energy and National Securit...
May 23 2019 - 8:30AM
Lightbridge Corporation (NASDAQ: LTBR), a nuclear
fuel technology development company, today announced that
Ambassador Thomas Graham, Executive Chairman of Lightbridge
Corporation, and Admiral Richard Mies, fourth Commander in Chief of
the United States Strategic Command from 1998 to 2001, were
selected to co-chair the Nuclear Energy and National Security
Coalition (NENSC). NENSC was founded by the Atlantic Council Global
Energy Center in order to increase awareness about nuclear energy
as a cornerstone of national security.
The formal launch of NENC occurred on Tuesday, May 21 at the
Senate Visitor Center in Washington, DC. At the event, Ambassador
Graham and Admiral Mies announced the formation of the coalition.
Lightbridge CEO, Seth Grae, is a member of NENSC.
At the event, the Atlantic Council Global Energy Center also
released its latest report, “US Nuclear Energy Leadership:
Innovation and the Strategic Global Challenge.” The report is the
culmination of a Task Force on US Nuclear Energy Leadership
convened by the Atlantic Council Global Energy Center to assess the
national security implications of a decline in the US nuclear power
industry. The report recommends encouraging innovation and
investment in the domestic fleet and nuclear exports to the
competitive international market.
At the event, Senator Mike Crapo (R-ID) and Senator Sheldon
Whitehouse (D-RI) , honorary co-chairs of the Task Force, delivered
keynote remarks, followed by a panel to discuss nuclear energy’s
role in US national security, the US nuclear supply chain and
infrastructure, and exports of nuclear technologies, among other
topics.
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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Investor Relations Contact:David
Waldman/Natalya RudmanTel. +1 855-379-9900ir@ltbridge.com
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