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Lightbridge Receives Notice of Allowance for a Key Patent from the Canadian Intellectual Property Office for its Innovative Fuel Design and Related Manufacturing Method
RESTON, Va., Aug. 16, 2021 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ: LTBR), an advanced nuclear fuel technology company, today announced that it
About this update from Lightbridge Corporation
[{"type":"text","content":"RESTON, Va., Aug. 16, 2021 (GLOBE NEWSWIRE) -- Lightbridge Corporation (NASDAQ: LTBR), an advanced nuclear fuel technology company, today announced that it has received a Notice of Allowance from the Canadian Intellectual Property Office for a key patent that covers the design of our all-metal PWR fuel assembly, as well as a method for manufacturing our metallic fuel rods using the casting route. Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “This latest patent in Canada further expands the broad global patent protection already surrounding our fuel design, illustrating our continued success securing our intellectual property rights around the world. We have now received patents for our breakthrough metallic nuclear fuel in key markets including the U.S., Canada, China, Japan, South Korea, Russia, and other global markets. We believe that our strong patent portfolio will help establish and sustain our leadership in key global markets.” About Lightbridge Corporation Lightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology development company positioned to enable carbon-free energy applications that will be essential in preventing climate change. The Company is developing Lightbridge Fuel™, a proprietary next-generation nuclear fuel technology for Small Modular Reactors, as well as existing light-water reactors, which significantly enhances reactor safety, economics, and fuel proliferation resistance. To date, Lightbridge has been awarded twice by the U.S. Department of Energy’s Gateway for Accelerated Innovation in Nuclear program to support development of Lightbridge Fuel™. Lightbridge’s innovative fuel technology is backed by an extensive worldwide patent portfolio. Lightbridge is included in the Russell Microcap® Index. 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 discussed herein 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...