Lightbridge Joins Gender Champions in Nuclear Policy
RESTON, Va., June 09, 2020 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ: LTBR), an advanced nuclear fuel technology company, today announced that it has become a member of Gender Champions in Nuclear Policy. Lightbridge is developing its advanced metallic fuel designed to make both existing and new nuclear power plants more efficient, more cost competitive, and even safer.
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Gender Champions in Nuclear Policy is a leadership network that brings together heads of organizations working in nuclear policy who are committed to break down gender barriers and make gender equality a working reality in their spheres of influence. Gender Champions include the leaders of organizations whose agendas and/or members address nuclear nonproliferation, nuclear weapons policy, nuclear disarmament, nuclear security, nuclear deterrence, nuclear energy, and other related topics.
Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, said: “We are proud that Lightbridge is the first company in the nuclear power industry to become a member of Gender Champions in Nuclear Policy, and we hope to lead the way for other nuclear companies. Breaking down gender barriers is about more than creating opportunity, it also opens the door to ideas and perspectives that can enable nuclear technology to achieve its enormous potential for benefiting our planet.”
Laura Holgate, Ambassador (ret.), Gender Champions in Nuclear Policy Co-Founder and Vice President at the Nuclear Threat Initiative, said: “We are thrilled that Lightbridge is leading the way for other nuclear energy companies to join our network. Their work both domestically and internationally in helping bring women to the nuclear energy field is an example we hope others will emulate.”
About Lightbridge Corporation
Lightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology development company based in Reston, Virginia, United States. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for current and future reactors, which significantly enhances the economics, safety, and proliferation resistance of nuclear power. Lightbridge invented, patented, and has independently validated its technology, with goals of preventing climate change and enhancing national security. The Company has assembled a world-class development team. Four large electric utilities that generate about half of America’s nuclear power advise Lightbridge on fuel development and deployment. The Company plans to operate under a licensing and royalty model, and based on the increased power generated by Lightbridge-designed fuel expects to offer high ROI for operators of existing and new reactors. 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 timing and outcome of research and development activities, other steps to commercialize Lightbridge Fuel™ and future governmental support and funding for nuclear energy. 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 Company’s ability to commercialize its nuclear fuel technology; 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; changes in the political environment; risks associated with the further spread of COVID-19, including the ultimate impact of COVID-19 on people, economies, and the Company’s ability to access capital markets; the outcome of the arbitration with the Company’s former joint venture partner and dissolution of the Enfission joint venture; as well as other factors described in Lightbridge's filings with the U.S. 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, except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements.
A further description of risks and uncertainties can be found in Lightbridge’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in its subsequent reports on Form 10-Q, including in the sections thereof captioned “Risk Factors” and “Forward-Looking Information and Factors That May Affect Future Results”, as well as in its subsequent reports on Form 8-K, all of which are filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/ and www.ltbridge.com.
Investor Relations Contact:
Matthew Abenante
Director of Investor Relations
Tel: 646-828-8710
ir@ltbridge.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/48c29e8f-f316-4529-9e31-e57e8954fbc6
Released June 9, 2020