Lightbridge to Webcast Annual Meeting of Shareholders at 11 a.m. EDT on April
MCLEAN, Va., April 4, 2013 (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 the Company's annual meeting of
shareholders is scheduled for 11 a.m. EDT Thursday, April 18, 2013 at the
offices of Pillsbury Winthrop Shaw Pittman LLP, 2300 N Street, Washington,
Shareholders of record at the close of business on February 19, 2013 will be
asked to re-elect five incumbent members of the Lightbridge board of
directors; ratify the Company's independent auditing firm Anderson Bradshaw
PLLC for the fiscal year ended December 31, 2013; and to cast nonbinding,
advisory votes on overall compensation of the Company's executive officers,
pursuant to the "say on pay" provisions of the Dodd-Frank Act of 2010. The
Lightbridge Corporation proxy statement with voting instructions and
recommendations was filed with the Securities and Exchange Commission on March
After the business portion of the meeting, Lightbridge President and Chief
Executive Officer Seth Grae will present a corporate update on Company
operations, financial performance and strategic direction.
There are several ways to listen to or participate in the webcast and
presentation if investors do not attend the event in person.
*To listen online to the business meeting and corporate presentation click
onhttp://ir.ltbridge.com/eventdetail.cfm?eventid=125062 a few minutes
before 11 a.m.
*To listen and ask live questions, call 253-237-1189 or 877-440-7549.
*To listen only, dial 877-670-9783 or 970-315-0421.
*Questions for Lightbridge executive management also may be submitted in
writing before or during the meeting to firstname.lastname@example.org.All questions
will be read aloud and answered during the call.
*An audio replay of the meeting will be available online for one year
beginning later that day.
Incumbent directors standing for re-election to one-year terms on the
Lightbridge board are:
Seth Grae – President and Chief Executive Officer, Director
*He was named President, CEO and a director of Lightbridge in 2006. Mr.
Grae is a member of the Civil Nuclear Trade Advisory Committee (CINTAC) to
the U.S. Secretary of Commerce and the Nuclear Energy Institute's
Suppliers Advisory Committee. He earned a BA degree (cum laude) from
Brandeis University, an MBA degree and LLM degree in international law
with honors from Georgetown University, and a JD degree from American
Ambassador Thomas Graham, Jr. – Executive Chairman of the Board and Corporate
*He has been a member of the board of the Company and its predecessors
since 1997. Ambassador Graham served as a senior U.S. diplomat involved
in the negotiation of every major international arms control and
non-proliferation agreement involving the United States from 1970 to 1997.
Victor E. Alessi, Ph.D.
*Dr. Alessi was elected to the board in 2006. He is President Emeritus of
the United States Industry Coalition, an organization dedicated to
commercializing technologies of the New Independent States of the former
Soviet Union. He was President of DynMeridian, a DynCorp subsidiary
specializing in arms control, non-proliferation and international security
affairs. He earned a doctoral degree in nuclear physics from Georgetown
Jack D. Ladd
*A board member since 2006, he is Dean of the College of Business and
Engineering at the University of Texas of the Permian Basin. Mr. Ladd has
practiced law in Texas for three decades and was a Member of the state
Securities Board from 2001 to 2008, serving as Chairman from 2004 to 2008.
Daniel B. Magraw
*A board member of the Company and its predecessors since 1996, he is a
leading expert and author on international environmental law and policy.
Mr. Magraw is a Fellow and Professorial Lecturer at the Foreign Policy
Institute at Johns Hopkins School of Advanced International Studies, and
President Emeritus of the Center for International Environmental Law.From
1992 to 2001, he was Director of the International Environmental Law
Office of the U.S. Environmental Protection Agency. He also practiced
international and constitutional law.
Salt Lake City-based independent auditing firm Anderson Bradshaw PLLC or its
predecessor Child Van Wagoner & Bradshaw, PLLC have served as Lightbridge
auditor since 2006.
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.
Lightbridge is on Twitter. Sign up to follow @LightbridgeCorp at
The Lightbridge Corporation logo is available at
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.
CONTACT: Gary Sharpe
Investor Relations, Lightbridge Corporation
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