UPDATE -- Lightbridge CEO to Participate in Civil Nuclear Trade Mission to
China and Vietnam
MCLEAN, Va., April 22, 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 President and Chief Executive Officer Seth
Graewill participate in a U.S. Department of Commerce trade mission to China
and Vietnam to promote U.S. access to business opportunities in the
international commercial nuclear industry.
Industry executives will meet with potential buyers, agents, distributors and
joint venture partners. In addition, industry leaders and senior officials
from the U.S. Departments of Commerce, Energy, State and the White House are
scheduled to meet with Chinese and Vietnamese government officials on civil
nuclear energy policies. The trip is set for May 17 to May 23, with stops in
Hanoi, Vietnam and Beijing, China, as well as at a nuclear power plant in
China's nuclear industry is expected to grow to nearly $300 billion by 2020.
Commercial nuclear energy opportunities in Vietnam are currently estimated at
$10 billion and are expected to grow to $50 billion by 2030, according to
Commerce Department data.
Mr. Grae is a member of the U.S. Department of Commerce Civil Nuclear Trade
Advisory Committee (CINTAC). The Committee advises the Secretary of Commerce
on how to expand U.S. civil nuclear exports and strengthen the industry's
competitiveness. Mr. Grae was first named to the CINTAC in 2010.
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
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, 571-730-1213,
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