Lightbridge Provides Video Demonstration of Co-Extrusion Manufacturing Process for Lightbridge Fuel™ Rods
January 06 2020 - 9:00AM
Lightbridge Corporation (NASDAQ: LTBR), a nuclear fuel developer,
today released a video demonstrating its co-extrusion manufacturing
process using surrogate materials for the production of full
commercial length Lightbridge Fuel™ rods for large light water
reactors (12-ft. long), as well as for small modular reactors
(6-ft. long). The surrogate materials in the demonstration were
selected to simulate the flow stresses, temperatures and extrusion
pressures expected in the manufacture of actual Lightbridge Fuel™
rods, which utilize a uranium-zirconium alloy.
The video of the demonstration can be found on
the Company’s website at www.ltbridge.com or through its YouTube
Channel at https://youtu.be/RaLprOZH1lg.
The demonstration of Lightbridge’s fuel
manufacturing process utilizes an internally developed and patented
high temperature co-extrusion process. Lightbridge Fuel™ is
designed to significantly enhance the economics and safety of
nuclear power, by extending core life, increasing power output, and
lessening the number of refueling outages, while operating about
1000° C cooler than standard oxide fuel.
Seth Grae, President & Chief Executive
Officer of Lightbridge Corporation, commented, “Through our
successful demonstration of the co-extrusion of commercial-length
fuel rods with surrogate materials, designed for most water-cooled
reactors, we hope to advance our commercialization efforts in what
is a growing global nuclear power industry. Recently, the U.S.
Congress voted to approve $1.5 billion in appropriations for
nuclear energy programs, a record for nuclear energy. We will
continue to focus on making progress on our fuel development
milestones that we believe will drive long-term shareholder
value.”
About Lightbridge Fuel™
Lightbridge Fuel™ is designed for existing and
new reactors, improving their economics by increasing power output
and enabling longer fuel cycles. Lightbridge Fuel™ can add
non-carbon-emitting baseload electricity with improved reactor
safety. Lightbridge invented and patented this technology and
expects to demonstrate its fuel in research reactors in the next
several years.
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. Lightbridge invented, patented
and has independently validated the technology, including
successful demonstration of the fuel in a research reactor with
plans to demonstrate the fuel under commercial reactor conditions.
The Company has assembled a world class development team including
veterans of leading global fuel manufacturers. Four large electric
utilities that generate about half the nuclear power in the US
already advise Lightbridge on fuel development and deployment. The
Company operates under a licensing and royalty model, independently
validated and based on the increased power generated by
Lightbridge-designed fuel and high ROI for operators of existing
and new reactors. For more information please visit:
www.ltbridge.com.
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Forward Looking Statements
In addition to historical information, this
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
Section 21E of the Securities Exchange Act of 1934, as amended, and
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. We use words such as “believe,” “intend,”
“expect,” “anticipate,” “plan,” “may,” “will,” “should,”
“estimate,” “potential,” “project” and similar expressions to
identify forward-looking statements. Such forward looking
statements include, among others, statements regarding the timing
and outcome of research and development activities and other steps
designed to realize the Company’s commercialization efforts of
Lightbridge Fuel™, future manufacturing efforts of Lightbridge
Fuel™ rods utilizing a uranium-zirconium alloy, and the Company's
anticipated financial resources and position. These statements are
based on current beliefs and expectations of management of the
Company and are subject to significant risks and uncertainties
outside of the Company’s control. These risks and uncertainties may
cause actual results to differ significantly from such estimates.
The risks include, but are not limited to, the outcome of the
Company’s research, development and commercialization
efforts; the actual future impact of Lightbridge Fuel™ on the
economics and safety of nuclear power; 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. Given the risks and uncertainties surrounding
forward-looking statements, you should not place undue reliance on
these statements. Many of these factors are beyond our ability to
control or predict. Our forward-looking statements speak only as of
the date of this release. Other than as required by law, the
Company does not assume any obligation to update or revise any such
forward-looking statements, whether as the result of new
developments, future events or otherwise.
Investor Relations Contact:
David Waldman/Natalya RudmanTel. +1 855-379-9900
ir@ltbridge.com
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