Lightbridge CEO to Host Keynote Panel at Global/Top Fuel 2019 Conference in Seattle
September 20 2019 - 9:00AM
Lightbridge Corporation (NASDAQ: LTBR), a nuclear fuel technology
company, today announced that Seth Grae, CEO of Lightbridge and
Enfission, a joint venture of Lightbridge and Framatome, will host
the opening plenary session/panel at the Global/Top Fuel 2019
conference being held on September 22-26, 2019 at the Westin
Seattle Hotel in Seattle, Washington. Mr. Grae is scheduled to
speak on Monday, September 23rd at 8 a.m. Pacific Time alongside
leading industry executives: Dr. Rita Baranwal, Assistant Secretary
for the Office of Nuclear Energy in the U.S. Department of Energy
(DOE), Gary Mignogna, President & CEO, Framatome Inc. and Jeff
Latkowski, Senior Vice President for Innovation at TerraPower LLC.
During his opening remarks, Mr. Grae will discuss the role of
nuclear power in addressing climate change, and nuclear fuel market
trends, including advanced nuclear fuel technology.
Seth Grae, CEO of Lightbridge Corporation commented, "I am
honored to introduce and provide closing remarks to the opening
plenary session/panel at this premier industry conference. I look
forward to joining the esteemed members of this panel in
highlighting the market need for carbon-free, advanced nuclear
technology. Following the event, we look forward to a number of
these industry leaders visiting Framatome’s fuel manufacturing
facility in Richland, Washington, which recently celebrated its
50th anniversary.”
Top Fuel 2019 is the preeminent international
meeting on new developments in light water reactor (LWR) fuel
performance held every year, alternating among Asia, Europe and the
US. Global is the leading international meeting on the nuclear fuel
cycle held every other year, alternating among Asia, Europe and the
US. Bringing these two meetings together will give managers,
scientists and engineers an opportunity to share ideas and enter
into mutually beneficial collaborations. More information is
available on the website: http://globaltopfuel.ans.org/.
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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About Enfission
Enfission is a US-based 50-50 joint venture between Lightbridge
Corporation and Framatome. Enfission was established January 25,
2018 to complete the development, regulatory licensing, and
commercial deployment worldwide of nuclear fuel assemblies based on
multi-lobe metallic twisted fuel technology. Enfission will produce
Lightbridge Fuel™ assemblies initially for operators of U.S.
commercial nuclear power plants, then follow with production of
Lightbridge Fuel™ assemblies for other types of reactors and for
markets around the world. Additional information about the Company
is available at: www.enfission.net.
About Framatome
Framatome is a major international player in the nuclear energy
market recognized for its innovative solutions and value-added
technologies for designing, building, maintaining, and advancing
the global nuclear fleet. The company designs, manufactures and
installs components, fuel and instrumentation and control systems
for nuclear power plants and offers a full range of reactor
services. With 14,000 employees worldwide, every day Framatome’s
expertise helps its customers improve the safety and performance of
their nuclear plants and achieve their economic and societal goals.
Framatome is owned by the EDF Group (75.5%), Mitsubishi Heavy
Industries (MHI – 19.5%) and Assystem (5%).
Investor Relations Contact:
David Waldman/Natalya RudmanTel. +1 855-379-9900
ir@ltbridge.com
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