Enfission and Lightbridge CEO to Participate in Nuclear Power Events in Washington D.C.
September 30 2019 - 10:53AM
Lightbridge Corporation (NASDAQ: LTBR), a nuclear fuel technology
company, and Enfission LLC, a joint venture of Lightbridge and
Framatome, today announced that Seth Grae, CEO of Enfission and
Lightbridge, will give a keynote address at an event being held by
DC WIN (Women in Nuclear) at The Embassy of France in Washington
D.C. on Tuesday, October 15, 2019 from 6:00 - 8:30 PM Eastern Time.
The event is entitled, “A Future Together: Nuclear Energy in
France and America. He will discuss recent milestones reached in
the development of Lightbridge Fuel™ as examples of French and
American cooperation.
Mr. Grae was also invited to participate in the Nuclear Energy
and National Security Coalition (NENSC) roundtable being held at
the Atlantic Council in Washington D.C. on Tuesday, October 15,
2019 from 2:00 – 5:00 pm Eastern Time. He is scheduled to speak
during a panel entitled “The Role of Innovation in the Civilian and
Military Nuclear Energy Sectors.” Also participating will be Robert
Ichord, Jr., Nonresident Senior Fellow at the Global Energy Center,
Atlantic Council, as well as Rachel Slaybough, Program Director,
ARPA-E, and Assistant Professor of Nuclear Engineering, University
of California Berkeley. The panel will be moderated by Matthew
Bowen, Senior Fellow, Global Energy Center, Atlantic Council and
will feature opening remarks by Ambassador Thomas Graham, Jr.,
Co-Chairman, NENSC and Executive Chairman of the Board of
Lightbridge. NENSC was founded by the Atlantic Council Global
Energy Center in order to increase awareness for nuclear energy as
a cornerstone of national security.
Seth Grae, CEO of Enfission and Lightbridge Corporation
commented, "I am honored to participate in these events and look
forward to highlighting our recent advancements, including
fabrication of surrogate fuel rods for today’s fleet of commercial
reactors, as well as planned small modular reactors. The
manufactured rods will be used to validate ongoing computer
modeling in France, with our partners at Framatome through our
Enfission joint venture. I also look forward to highlighting how
recent milestones should help Lightbridge Fuel play a meaningful
role in supporting the links between nuclear power and national
security, including grid resiliency and the need for HALEU.”
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 EnfissionEnfission 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.
Investor Relations Contact:David
Waldman/Natalya RudmanTel. +1 855-379-9900 ir@ltbridge.com
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