Enfission to Present Simulation of Lightbridge Fuel™ Rod Co-Extrusion Process at Transvalor International Simulation Days 2...
September 25 2019 - 8:30AM
Enfission, LLC, a joint venture between Lightbridge Corporation
(NASDAQ: LTBR) and Framatome, today announced that Dr. Alexis
Gaillac of Framatome, will present “Modeling of the Lightbridge
Fuel™ Rods Co-Extrusion Process” at the Transvalor International
Simulation Days 2019 on Tuesday, October 15, at 3:45 p.m. Central
European Summer Time. Transvalor International Simulation Days 2019
is a three-day conference, which brings together academics and
experts that are interested in the latest innovations, new services
and technologies for the design and manufacturing for new products.
Together with Transvalor, Enfission has developed a computer
simulation of the coextrusion process that will be used to further
optimize the process. Dr. Gaillac, an expert on extrusion and
metallurgy, was the lead developer of the computer simulation model
to support Lightbridge’s fabrication activities.
Enfission’s metallic Lightbridge Fuel rod comprises three
components: a uranium-zirconium alloy fuel core, a
corrosion-resistant zirconium alloy cladding, and a central
displacer. These components become metallurgically-bonded during
the high-temperature coextrusion process. As part of their fuel
development program, the parties developed a computer model to
simulate the process enabling refinement and optimization to occur
more quickly.
Seth Grae, CEO of Lightbridge Corporation commented, "We
recently announced that we successfully demonstrated the high
temperature coextrusion process for making Lightbridge Fuel™
surrogate rods at a length required for commercial water-cooled
nuclear reactors. The physical samples from the demonstration
will be used for further validation and improvement of the computer
model, which, in turn, will be used to design the next round of
physical demonstrations.”
About Enfission
Enfission is a U.S.-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, and 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
https://www.enfission.net/.
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.
About Framatome
Framatome is an international leader in nuclear
energy recognized for its innovative solutions and value added
technologies for the global nuclear fleet. With worldwide expertise
and a proven track record for reliability and performance, the
company designs, services and installs components, fuel, and
instrumentation and control systems for nuclear power plants. Its
more than 14,000 employees work every day to help Framatome’s
customers supply ever cleaner, safer and more economical low-carbon
energy. Visit us at www.framatome.com, and follow us on Twitter:
@Framatome_ and LinkedIn: Framatome
Investor Relations Contact:
David Waldman/Natalya RudmanTel. +1 855-379-9900
ir@ltbridge.com
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