RESTON, Va., April 18, 2018 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ:LTBR), a nuclear fuel technology company, today announced
that Jim Malone, Chief Fuel Development Officer, is scheduled to speak at the World Nuclear Fuel Cycle conference on April 19. Organized by the Nuclear Energy Institute and World Nuclear Association, the World Nuclear Fuel Cycle Conference is an international forum
taking place in Madrid from April 17-19.
During a panel discussion on fuel fabrication and innovation, Malone will update conference attendees on the
development of Lightbridge’s metallic fuel, designed to make both existing and new nuclear power plants more efficient and
cost-competitive.
“We continue to make steady progress toward developing and commercializing our new fuel design, which offers
economic, efficiency and safety benefits for operators of existing nuclear power plants as well as new reactors. With the nuclear
industry under pressure from inexpensive fossil fuels, the cost improvements of using Lightbridge fuel could make a major
difference for nuclear plant operators,” Lightbridge’s Malone said. “Our work with Framatome, through our Enfission joint venture,
has been moving rapidly, and we look forward to presenting these developments to senior industry executives and thought leaders
attending the World Nuclear Fuel Cycle conference.”
Lightbridge announced in January the launch of a new joint venture, Enfission, 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. The two companies are pursuing preliminary steps toward the testing of fuel samples at the Halden
research reactor in Norway.
Nuclear Engineering Design, a leading scientific journal associated with European Nuclear Society, published an
article on April 15 in which the authors found that Lightbridge fuel offered significant
nonproliferation benefits compared to traditional fuel designs.
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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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
ir@ltbridge.com
