Lightbridge Receives Notice of Allowance from the Canadian Intellectual Property Office Relating to the Manufacturing Method ...
November 26 2019 - 8:00AM
Lightbridge Corporation (NASDAQ: LTBR), a nuclear fuel technology
company, today announced the further strengthening of its
intellectual property, as it has received a Notice of Allowance
from the Canadian Intellectual Property Office for its divisional
patent application covering the Company’s manufacturing method for
its metallic fuel rods using a powder metallurgy route.
Seth Grae, President & Chief Executive
Officer of Lightbridge Corporation, commented, “This is an
important expansion of Lightbridge’s intellectual property around
the manufacturing process for our patented metallic fuel rods,
which we recently demonstrated using surrogate materials. Canada
represents an important market for our fuel with 19 reactors in
operation. At the same time, we continue to vigorously pursue the
development of our patented technology and look forward to
providing further updates on our business strategy as soon as we
can.”
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. 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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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
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