Lightbridge Receives Patent from the Canadian Intellectual Property Office for its Innovative Fuel Design and Related Manufac...
April 22 2019 - 8:00AM
Lightbridge Corporation (NASDAQ: LTBR), a nuclear fuel technology
company, today announced the further strengthening of its
intellectual property (IP) portfolio, as it has been formally
issued a patent by the Canadian Intellectual Property Office. The
patent relates to the Company’s divisional patent application
covering its four-lobe metallic fuel rod design and related
manufacturing method comprising co-extrusion of a single billet
assembly through a die to form a four-lobe helically twisted
metallic fuel rod. This patent grant follows the Notice of
Allowance announced in November 2018.
Seth Grae, President & Chief Executive
Officer of Lightbridge Corporation, commented, “We continue to
aggressively expand of our IP portfolio across key potential
markets. We believe our broad IP protection will help sustain our
leadership in key global markets for years to come.”
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.
To receive Lightbridge Corporation updates via
e-mail, subscribe at http://ir.ltbridge.com/alerts.cfm.
Lightbridge is on Twitter. Sign up to follow
@LightbridgeCorp at http://twitter.com/lightbridgecorp.
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
Lightbridge (NASDAQ:LTBR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Lightbridge (NASDAQ:LTBR)
Historical Stock Chart
From Apr 2023 to Apr 2024