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Lightbridge Receives Australian Patent for Innovative Nuclear Fuel Assemblies
RESTON, Va., May 26, 2020 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ: LTBR), an advanced nuclear fuel technology company, today announced that it has
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[{"type":"text","content":"RESTON, Va., May 26, 2020 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ: LTBR), an advanced nuclear fuel technology company, today announced that it has received a patent from the Australian Patent Office for its innovative nuclear fuel assemblies. This is a divisional patent of the 2014 PCT application and covers an alternative embodiment for an all-metal fuel assembly design incorporating Lightbridge-designed four-lobe helically twisted fuel rods for use in pressurized water reactors. 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.\n Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, said: “Receiving this Australian patent is another important step forward in the development of our innovative nuclear fuel technology. Australia is one the world’s leading uranium producers and increasingly considering pursuing nuclear power generation, it could become of future market for Lightbridge Fuel™.” 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. To receive Lightbridge Corporation updates via e-mail, subscribe at https://www.ltbridge.com/investors/news-events/email-alerts Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp. Forward Looking Statements With the exception of historical matters, the matters discusse...