Enfission and Lightbridge to Participate in Two Upcoming International Nuclear Energy Industry Conferences
October 01 2019 - 9:45AM
Lightbridge Corporation (NASDAQ: LTBR), a nuclear fuel technology
company, today announced that Enfission and Lightbridge management
will participate in two upcoming international nuclear energy
conferences.
On October 21, 2019, Jim Malone, Vice President,
Fuel Development at Enfission and Senior Vice President, Chief
Nuclear Fuel Development Officer at Lightbridge will participate in
the U.S.-EU High-Level Industrial Forum on Small Modular Reactors
(SMR) in Brussels, Belgium. The invitation-only event, hosted
by The European Commission (EC) and U.S. Department of Energy
(DOE), will feature both light water and advanced reactor
technologies. U.S. Secretary of Energy Rick Perry and EC
Commissioner of Energy and Climate Miguel Arias Canete will
headline the event.
The U.S.-EU High-Level Industrial Forum will
examine the challenges and opportunities associated with using SMR
technologies as part of the future energy systems. To this end, the
forum will bring together business stakeholders and government
authorities to discuss technology impacts, potential financial
support frameworks, and licensing/regulatory issues that can affect
timely and cost-effective deployment.
On November 12-14, 2019, Enfission, Lightbridge and
Framatome management will also participate in the International
Framework for Nuclear Energy Cooperation (IFNEC) Conference being
held in Washington, DC at The Hilton Washington DC National Mall.
The specific topic of IFNEC Global Ministerial, hosted by U.S.
Secretary of Energy Rick Perry is "Bringing the World SMRs and
Advanced Nuclear.”
The event will address the future of nuclear
energy, featuring visionary perspectives of ministers and esteemed
experts from around the world, and cover a variety of topics
including the near-term adoption of small-modular reactors, their
role in solving global problems, forward-thinking financing,
revolutionizing the regulatory environment and innovative
applications for clean energy systems.
Seth Grae, CEO of Enfission and Lightbridge
Corporation commented, "We are honored to join leading experts from
around the world in discussions on the meaningful role of SMRs in
meeting the European Union and U.S. clean energy objectives at
these premier industry conferences. We look forward to highlighting
the recent successful demonstration of the high-temperature
coextrusion process of our advanced nuclear fuel, and how the
manufactured rods will be used to validate ongoing computer
modeling in France, an IFNEC member country, with our partners at
Framatome through the Enfission joint venture.”
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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@LightbridgeCorp at http://twitter.com/lightbridgecorp.
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.
Investor Relations Contact: David Waldman/Natalya
Rudman Tel. +1 855-379-9900
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