This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Lightbridge To Conduct Nuclear Energy Assessments For The Gulf Cooperation Council (GCC) Member States

MCLEAN, Va., Dec. 2, 2010 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq:LTBR), the leading innovator of advanced nuclear fuel designs and provider of nuclear energy consulting services to commercial and governmental organizations, today announced that it has entered into a consulting contract with the Gulf Cooperation Council (GCC) Member States to assess regional cooperation in the development of civilian nuclear power programs for electricity generation and water desalination.   

The GCC, a political and economic union that comprises the Gulf states of the Kingdom of Bahrain, State of Kuwait, Sultanate of Oman, State of Qatar, Kingdom of Saudi Arabia and United Arab Emirates, formalized the contract with Lightbridge and its partner Exelon Generation Company, LLC, a wholly owned subsidiary of Exelon Corporation (NYSE:EXC), and other leading nuclear consultants. The studies will take place over a six-month period and will be completed by the second quarter of 2011.

"With a 40 percent increase in global energy demand predicted over the next two decades, according to leading energy industry organizations, massive infrastructure investment will be necessary to meet this demand in all regions of the world, including the Middle East," said Seth Grae, president and CEO of Lightbridge. "We've had a long-standing dialogue with the GCC and each of its Member States, and currently Lightbridge is working in some of these countries. By engaging Lightbridge and its partners at this higher level to assess the future nuclear energy landscape of these countries, the GCC is taking important steps toward aligning the interests and needs of its Member States to establish a blueprint for regional standards of nuclear power generation."

Lightbridge will perform a group of studies to identify and evaluate seven areas to identify the relative value and implementation options that could result from regional cooperation for each GCC Member State as they progress with their individual nuclear power programs. The areas of evaluation include:

  • Legal Issues and Liability
  • Nuclear Regulation
  • Site Assessment
  • Training, R&D, Safety Culture and Human Resource Capacity Building
  • Fuel Security and Supply
  • Nuclear Waste Management
  • Emergency Response

While Lightbridge will manage the overall project, including general integration and collective value assessment, the Company will tap partner organizations for additional expertise. Exelon will have a significant role in conducting studies in three of the seven assessment areas: Training, R&D, Safety Culture and Human Resource Capacity Building; Fuel Security and Supply; and Emergency Response.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs