Lightbridge Receives Patent from the Canadian Inte
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Posted On: 05/15/2019 9:04:07 AM
Lightbridge Receives Patent from the Canadian Intellectual Property Office for its Innovative Fuel Design and Related Manufacturing Method
Mon April 22, 2019 8:00 AM|GlobeNewswire|About: LTBR
RESTON, Va., April 22, 2019 (GLOBE NEWSWIRE) -- Lightbridge Corporation (LTBR) (NASDAQ: LTBR), a nuclear fuel technology company, today announced the further strengthening of its intellectual property (IP) portfolio, as it has been formally issued a patent by the Canadian Intellectual Property Office. The patent relates to the Company’s divisional patent application covering its four-lobe metallic fuel rod design and related manufacturing method comprising co-extrusion of a single billet assembly through a die to form a four-lobe helically twisted metallic fuel rod. This patent grant follows the Notice of Allowance announced in November 2018.
Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “We continue to aggressively expand of our IP portfolio across key potential markets. We believe our broad IP protection will help sustain our leadership in key global markets for years to come.”
About Lightbridge Corporation
Lightbridge (LTBG) (NASDAQ: LTBR) is a 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. In January 2018, Lightbridge and Framatome, Inc. formed a 50-50 joint venture, Enfission, LLC, to develop, license, manufacture, and sell nuclear fuel assemblies based on Lightbridge-designed metallic fuel technology and other advanced nuclear fuel intellectual property. Enfission has the exclusive rights to this technology and is responsible for the development of manufacturing processes and fuel assembly designs for pressurized water reactors (PWRs), boiling water reactors (BWRs), water-cooled small modular reactors, and water-cooled research reactors developed around this intellectual property. PWRs and BWRs constitute the most widely used reactor types in the world. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. In addition to distributions from Enfission based on the parties’ ownership interest in the joint venture, Lightbridge anticipates receiving future licensing revenues in connection with sales by Enfission of nuclear fuel incorporating its intellectual property. 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 updates via e-mail, subscribe at http://ir.ltbridge.com/alerts.cfm.
Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp.
https://seekingalpha.com/pr/17482754-lightbri...uel-design
Mon April 22, 2019 8:00 AM|GlobeNewswire|About: LTBR
RESTON, Va., April 22, 2019 (GLOBE NEWSWIRE) -- Lightbridge Corporation (LTBR) (NASDAQ: LTBR), a nuclear fuel technology company, today announced the further strengthening of its intellectual property (IP) portfolio, as it has been formally issued a patent by the Canadian Intellectual Property Office. The patent relates to the Company’s divisional patent application covering its four-lobe metallic fuel rod design and related manufacturing method comprising co-extrusion of a single billet assembly through a die to form a four-lobe helically twisted metallic fuel rod. This patent grant follows the Notice of Allowance announced in November 2018.
Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, “We continue to aggressively expand of our IP portfolio across key potential markets. We believe our broad IP protection will help sustain our leadership in key global markets for years to come.”
About Lightbridge Corporation
Lightbridge (LTBG) (NASDAQ: LTBR) is a 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. In January 2018, Lightbridge and Framatome, Inc. formed a 50-50 joint venture, Enfission, LLC, to develop, license, manufacture, and sell nuclear fuel assemblies based on Lightbridge-designed metallic fuel technology and other advanced nuclear fuel intellectual property. Enfission has the exclusive rights to this technology and is responsible for the development of manufacturing processes and fuel assembly designs for pressurized water reactors (PWRs), boiling water reactors (BWRs), water-cooled small modular reactors, and water-cooled research reactors developed around this intellectual property. PWRs and BWRs constitute the most widely used reactor types in the world. Four large electric utilities that generate about half the nuclear power in the US already advise Lightbridge on fuel development and deployment. In addition to distributions from Enfission based on the parties’ ownership interest in the joint venture, Lightbridge anticipates receiving future licensing revenues in connection with sales by Enfission of nuclear fuel incorporating its intellectual property. 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 updates via e-mail, subscribe at http://ir.ltbridge.com/alerts.cfm.
Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at http://twitter.com/lightbridgecorp.
https://seekingalpha.com/pr/17482754-lightbri...uel-design
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