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Lightbridge Receives Notification of Patent Grant from the European Patent Office for its Innovative Fuel Assembly Design
RESTON, Va., Feb. 13, 2020 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge,” or the “Company”) (NASDAQ: LTBR), an advanced nuclear fuel technology
About this update from Lightbridge Corporation
[{"type":"text","content":"RESTON, Va., Feb. 13, 2020 (GLOBE NEWSWIRE) -- Lightbridge Corporation (“Lightbridge,” or the “Company”) (NASDAQ: LTBR), an advanced nuclear fuel technology company, today announced that it has received a Decision to Grant from the European Patent Office (EPO) for Patent #3195324 related to a Lightbridge metallic fuel assembly design for use in CANDU-type reactors. According to the World Nuclear Association, there are 48 CANDU-type pressurized heavy water reactors currently in use around the world.\n Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “We are excited to see the continued progress for the Company's intellectual property strategy to protect our innovative technology, while significantly expanding our market opportunities globally. The addition of this new piece of intellectual property underscores the strength of our proprietary technology, which is designed to enhance the operating safety and efficiency of existing reactors as well as new reactors.\" About Lightbridge Corporation Lightbridge (NASDAQ: LTBR) is an advanced nuclear fuel technology development company based in Reston, Virginia, USA. The Company develops proprietary next generation nuclear fuel technologies for current and future reactors, which significantly enhances the economics and safety of nuclear power, operating about 1000° C cooler than standard fuel. Lightbridge invented, patented and has independently validated the technology, including successful demonstration of the fuel in a research reactor with plans to demonstrate the fuel under commercial reactor conditions. The Company has assembled a world class development team including veterans of leading global fuel manufacturers. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. The Company operates under a licensing and royalty model, independently validated and based on the increased power generated by Lightbridge-designed fuel and high ROI for operators of existing and new reactors. Lightbridge also provides comprehensive advisory services for established and emerging nuclear programs based on a philosophy of transparency, non-proliferation, safety and operational excellence. For more information please visit: www.ltbridge.com. To receive Lightbridge Corporation ...