Lightbridge Chairman Thomas Graham to Speak at Erasmus University Nonproliferation Conference
RESTON, Va., March 22, 2018 (GLOBE NEWSWIRE) -- Ambassador Thomas Graham, Executive Chairman of Lightbridge Corporation (NASDAQ:LTBR), is scheduled to speak on nuclear nonproliferation issues with two other leading experts in The Hague, Netherlands on March 23 at 5:00 p.m. Central European Time. Sponsored by the Erasmus University Rotterdam School of Social and Behavioral Sciences and the Netherlands Ministry of Foreign Affairs, the associated conference in Rotterdam focuses on their roles in the successful efforts in 1995 to permanently extend in force the Nuclear Nonproliferation Treaty (NPT) and how the nuclear political landscape has evolved.
Graham has a long history in nonproliferation, including taking part in every major nuclear arms control negotiation between 1970 and 1997 that involved the United States. He also served as President Bill Clinton’s Special Representative for Arms Control, Non-Proliferation, and Disarmament. He is joined by Ambassador Jaap Ramaker, the Netherlands’ government representative during talks on the conclusion of the Comprehensive Nuclear Test Ban Treaty, and Marjolin van Deelen, who heads the Ministry of Foreign Affairs’ Disarmament and Nonproliferation Department. The three experts will also participate in other aspects of the preceding conference in Rotterdam on nuclear nonproliferation.
Speaking about the Erasmus conference, Graham said: “The success of the Nuclear Nonproliferation Treaty has proven highly effective in controlling the spread of weapons material, but the world is rapidly changing, and we must ensure nonproliferation policies are evolving with the times. Meanwhile, we must not let security concerns dissuade us from development and deployment of civilian nuclear power technologies, which play a critical role in preventing global climate change.”
In 2017, Graham co-authored with writer Scott Montgomery, “Seeing the Light: The Case for Nuclear Power in the 21st Century,” which lays out in detail why nuclear energy is not just an option but a necessity in the fight against climate change.
Lightbridge is developing innovative metallic fuel designed to make both existing and new nuclear power plants more efficient and cost-competitive. Lightbridge launched a new joint venture Enfission in January to develop, license and sell nuclear fuel assemblies based on Lightbridge’s patented technology in partnership with Framatome, a leader in nuclear fuel, components and reactor services.
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. The technology significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel. Lightbridge invented, patented and has independently validated the technology, including successful demonstration of the fuel in a research reactor with near-term plans to demonstrate the fuel under commercial reactor conditions. The Company has assembled a world class development team including veterans of leading global fuel manufacturers. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. The Company operates under a licensing and royalty model, independently validated and based on the increased power generated by Lightbridge-designed fuel and high ROI for operators of existing and new reactors. The economic benefits are further enhanced by anticipated carbon credits available under the Clean Power Plan. 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 Rudman
Tel. +1 855-379-9900
Source: Lightbridge Corporation