Thorium
Power Changes Corporate Name to Lightbridge
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Anticipates NASDAQ Listing on or About October 9th, 2009
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MCLEAN,
Va. -- Sept. 29, 2009 – Thorium Power, Ltd. (OTCBB: LTBG), the leading developer
of non-proliferative nuclear fuel technology and provider of comprehensive
advisory services for civil nuclear energy programs, today announced that the
Company’s name change to Lightbridge Corporation has been formalized and its
ticker symbol will temporarily change from “THPW” to “LTBG” effective at the
opening of the market today, September 29th. The
Company anticipates a listing on the NASDAQ Capital Market on or about October
9th, when the ticker symbol will become “LTBR.”
Seth
Grae, CEO for Lightbridge stated, “The name change to Lightbridge is a milestone
event for us. We believe that the word ‘Lightbridge” better represents who we
are, our global product and service offerings, and the evolution of our
company.”
Lightbridge
is a leading provider of nuclear energy consulting services worldwide and is
developing next generation nuclear fuel technology that will significantly
reduce nuclear waste and the threat of proliferation. The combination of two
core businesses puts Lightbridge in a unique position to capitalize on the
global nuclear renaissance and growing trend of pursuing cleaner and safer forms
of nuclear energy. The Company has an unrivaled depth of talent with a roster of
leading experts and advisors that have served in industry and governmental
positions for decades.
About Lightbridge
Corporation
Lightbridge
is a U.S. nuclear energy company based in McLean, VA with operations in Abu
Dhabi, Moscow and London. The Company develops non-proliferative nuclear fuel
technology and provides comprehensive advisory services for established and
emerging nuclear programs based on a philosophy of transparency,
non-proliferation, safety and operational excellence. Lightbridge’s breakthrough
fuel technology is establishing new global standards for safe and clean nuclear
power and leading the way towards a sustainable energy future. Lightbridge
consultants provide integrated strategic advice and expertise across a range of
disciplines including regulatory affairs, nuclear reactor procurement and
deployment, reactor and fuel technology and international relations. It
leverages those broad and integrated capabilities by offering their services to
commercial entities and governments with a need to establish or expand nuclear
industry capabilities and infrastructure.
Further
information is available on Lightbridge’s website at: http://www.Ltbridge.com