Live Conference Call and Webcast Scheduled at 11 a.m. ET Thursday, November 20 at: http://www.media-server.com/m/p/3x3dhdmr
MCLEAN, Va., Nov. 19, 2014 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq:LTBR), a leading innovator of nuclear fuel designs and provider of nuclear energy consulting services, today provided a business update on the progress of its nuclear fuel technology and consulting operations.
"Lightbridge achieved significant milestones during the period and remains well positioned to continue to advance our patented metallic fuel technology and grow our advisory services business," said Seth Grae, Lightbridge President and Chief Executive Officer. "Our ground-breaking agreement with Canadian Nuclear Laboratories Limited (CNL), a wholly owned subsidiary of AECL, a world leader in nuclear science and technology, is an extraordinary milestone for Lightbridge, giving us the opportunity to perform at one location the most critical phase of fuel testing and demonstration work prior to lead test assembly operation in a commercial reactor. The organic extension of the Company's nuclear consulting business in Vietnam is particularly encouraging."
Lightbridge is developing and commercializing next generation nuclear fuel technology with benefits of enhanced safety, increased revenue and improved operating margins for both existing and new build reactors. The Company also provides comprehensive advisory services for established and emerging nuclear programs, based on transparency, non-proliferation, safety and operational excellence.
For a more detailed description of the value proposition of Lightbridge fuel technology, including projected incremental annual net operating cash flows and return on investment for a nuclear power plant operator using Lightbridge fuel at various wholesale electricity prices, visit http://bit.ly/1jLXpoY. The advantages of Lightbridge's metallic fuel design were confirmed in independent, third-party analyses published in 2012 and 2013. These reports, which include a peer-reviewed article published in Nuclear Technology, are available for download at http://ir.ltbridge.com/.
The commercial nuclear energy industry is projected to grow rapidly at a time of rising global demand for reliable, carbon-free, base load electric power. There are currently 435 operable civil nuclear reactors in 32 countries around the world, with an additional 71 reactors under construction, according to the World Nuclear Association. By 2035, the International Energy Agency of the Organization for Economic Cooperation and Development projects a 60% increase in nuclear capacity from a combination of power uprates and reactor construction.
2014 Third Quarter Conference Call
Lightbridge will hold a conference call and webcast on Thursday, November 20, at 11 a.m. ET to discuss the Company's 2014 third quarter results and provide an update on recent corporate developments. Seth Grae, President and Chief Executive Officer, will lead the call and additional members of the senior management team will be available to answer questions. Questions may be asked live, using the telephone lines below. Questions also may be submitted in writing before or during the conference call to ir@ltbridge.com. All written questions will be read and answered during the call.
| Lightbridge Corporation Conference Call - 2014 Q3 Business Update and Financial Results | |
| Date: | Thursday, November 20, 2014 |
| Time: | 11 a.m. ET |
| Conference ID | 21844907 |
| Domestic Call-In: | 877-440-7569 |
| International Call-In: | 253-237-1189 |
| Live Webcast: | http://www.media-server.com/m/p/3x3dhdmr |
| Replay: | Available for one year at the URL above. |
About Lightbridge Corporation
Lightbridge is a U.S. nuclear energy company that is developing patent-protected, proliferation resistant, next generation nuclear fuel technologies for current and future nuclear reactor systems. The Company also provides comprehensive advisory services in several countries around the world 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, carbon-free 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.
Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp.
Forward Looking Statements
This news release contains statements that are forward-looking in nature within the meaning of the Private Securities Litigation Reform Act of 1995, 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 news release and involve a number of risks and uncertainties that 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.