MCLEAN, Va., May 29, 2014 (GLOBE NEWSWIRE) -- 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 Hans Blix, Ph.D., a Lightbridge senior advisor since 2008 and former Director General of the International Atomic Energy Agency, will be awarded the prestigious J. William Fulbright Prize for International Understanding at the Fulbright Association's annual conference in Washington, D.C. on October 16-18, 2014.

Dr. Blix, former Foreign Minister of Sweden and Chief Weapons Inspector and Executive Chair of the United Nations Monitoring, Verification and Inspection Commission in Iraq from 2000 to 2003, will receive the Prize at a ceremony at the Ronald Reagan Building and International Trade Center on Friday, October 17 in Washington, D.C.

"Dr. Hans Blix is among the greatest of international public servants and we are all in his debt for his many contributions to peace, world order, and arms limitation," said Ambassador Thomas Graham, Jr., Lightbridge Executive Chairman of the Board. "He richly deserves the Fulbright Prize."

The Fulbright Prize, which includes a $50,000 award, is presented biennially to an individual or organization that has made "extraordinary contributions toward bringing peoples, cultures, or nations to a greater understanding of others," the Association said in a statement.

Previous Fulbright Prize recipients include U.S. Presidents Jimmy Carter and Bill Clinton, former U.N. Secretary General Kofi Annan, Archbishop Desmond Tutu, Bill and Melinda Gates, and the late Nelson Mandela.

About Lightbridge Corporation

Lightbridge is a U.S. 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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Forward Looking Statements

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 press release and involve a number of risks and uncertainties, which 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.