MCLEAN, Va., Nov. 1, 2012 /PRNewswire/ -- Lightbridge Corporation (NASDAQ: LTBR), a leading innovator of next generation nuclear fuel designs and provider of nuclear energy consulting services to commercial and governmental organizations, today announced that a peer reviewed article on the Company's proprietary fuel technology designed to increase power output and safety of commercial nuclear reactors and to enhance industry economics will be published in the December 2012 edition of technical journal Nuclear Technology, a publication of the American Nuclear Society.
"Lightbridge Corporation's Advanced Metallic Fuel for LWRs" highlights how the next generation fuel is capable of increasing the power output and extending the cycle length of current generation light water reactors. The paper also reviews the unique geometry and composition of the metallic fuel and its application to power uprates in LWRs.
"The article's publication in this prestigious journal is a key milestone in the advancement of our evolutionary fuel technology," said Seth Grae, Lightbridge President and Chief Executive Officer. "Submitted in 2011, the paper was subject to rigorous review by top industry scholars. Its publication provides further validation of the Lightbridge fuel technology at an important stage in Company negotiations on fuel fabrication for 2013 tests at research reactors in Russia and the U.S."
About Lightbridge Corporation Lightbridge is a US nuclear energy company based in McLean, Virginia with operations in Abu Dhabi, Moscow and London. The Company develops proprietary, proliferation resistant, next generation nuclear fuel technologies for current and future nuclear reactor systems. The Company also 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 to 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. The Company leverages those broad and integrated capabilities by offering its services to commercial entities and governments with a need to establish or expand nuclear industry capabilities and infrastructure.
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About Nuclear Technology Nuclear Technology is the leading international publication reporting on new information in all areas of the practical application of nuclear science and technology. The journal examines all aspects of nuclear energy development, including operations, safety materials, mining, instrumentation, fuel and fuel rod simulation, and waste management. Also covered are accelerator applications, medical uses, radiation detection, production of radiation, health physics, accident analysis, risk management, economic studies, and computer applications.
About American Nuclear Society Established in 1954, ANS is a not-for-profit professional organization of engineers and scientists devoted to the peaceful applications of nuclear science and technology. Its 11,600 members come from diverse technical backgrounds covering the full range of engineering disciplines, as well as the physical and biological sciences. They are advancing the application of these technologies to improve the lives of the world community through national and international enterprise within government, academia, research laboratories and private industry.
Forward Looking Statement This news release contains statements that are forward-looking in nature, including statements regarding the Company's competitive position and product and service offerings. 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; and the Company's ability to manage its business effectively in a rapidly evolving market. Certain of these and other risks are set forth in more detail 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.
CONTACT: Gary Sharpe Corporate Communications & Investor Relations Lightbridge Corporation 571-730-1213 firstname.lastname@example.org
SOURCE Lightbridge Corporation