Lightbridge CEO Seth Grae to be Featured Today on Bloomberg Radio
RESTON, Va., Oct. 14, 2019 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ: LTBR), a nuclear fuel technology development company, today announced that its CEO, Seth Grae, will be a guest today on Bloomberg Radio with Paul T. Sweeney and Lisa Abramowicz at approximately 10:45am, ET. The segment will highlight the recent successful demonstration of the manufacturing process for Lightbridge Fuel™ rods using surrogate materials, as well as the importance of nuclear power for American national security.
Paul T. Sweeney and Lisa Abramowicz focus on market coverage as Wall Street begins its day, with analysis from Bloomberg Gadfly writers, Bloomberg Intelligence analysts, and influential newsmakers.
To listen to the interview please go to: https://www.bloombergradio.com/shows/bloomberg-markets-am/
Lightbridge Fuel is designed to operate approximately 1000° C cooler than standard fuel and enhance reactor safety, improve nuclear power plants economics through increased power output and longer fuel cycles, improve proliferation resistance of spent fuel, and reduce the amount of waste per unit of electricity generated.
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
Source: Lightbridge Corporation