Lightbridge CEO to Discuss the Future of Nuclear Power and Advantages of Lightbridge’s Advanced Metallic Nuclear Fuel on Fox Business Network’s Countdown to the Closing Bell
RESTON, Va., July 20, 2018 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ:LTBR), a nuclear fuel developer, today announced that Seth Grae, CEO of Lightbridge, is scheduled to appear on Countdown to the Closing Bell with Liz Claman on the Fox Business Network at approximately 3:15 PM Eastern time today to discuss the future role of nuclear power in the United States and the impact Lightbridge’s advanced metallic fuel may have on the market.
The segment can also be viewed online at: https://www.foxbusiness.com/fbntv.
Countdown to the Closing Bell is a financial news program airing on the Fox Business Network from 3-4pm ET. Hosted by Liz Claman, this program covers the final hour of trading on Wall Street.
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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Investor Relations Contact:
David Waldman/Natalya Rudman
Tel. +1 855-379-9900
Released July 20, 2018