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Lightbridge Receives Notice of Allowance for Key Patent in Japan
RESTON, Va., Sept. 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., Sept. 16, 2021 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced that it received a Notice of Allowance for a key divisional patent in Japan related to Lightbridge’s innovative metallic fuel rod and fuel assembly design for use in CANDU-type reactors. The newly issued patent is based on the 2015 Patent Cooperation Treaty (PCT) patent application and covers a mixed grid arrangement of metallic fuel rods inside a fuel assembly. Lightbridge Fuel™ has been designed to enhance the safety and economics of nuclear power for both existing and next-generation nuclear reactors. Seth Grae, President and CEO of Lightbridge commented, “We are pleased to have been granted this latest patent in Japan, which is an important market for Lightbridge. This patent is the latest addition to our growing intellectual property portfolio and follows similar approvals in other markets worldwide. Together with the recent spike in spot uranium prices and the realization that achieving reduced carbon emissions in the coming years will require an abundance of nuclear power throughout the world, we believe Lightbridge Fuel will play an important role in nuclear’s expanding global footprint.” 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 Looki...