"Working with Lightbridge, we look forward to advising the GCC as they seek to develop a safe, secure and non-proliferative nuclear infrastructure to support the region's growing energy needs," said Christopher M. Crane, president and chief operating officer of Exelon Corp. "We will help the GCC Member States develop their nuclear energy roadmap and help shape their longer-term planning and implementation strategy. We look forward to working with the GCC to help address growing energy demand in this part of the world and advance their nuclear energy objectives."
"Working with Exelon provides a great opportunity to combine the entrepreneurial skills and nuclear energy experience of Lightbridge with the world-renowned operating expertise of the largest U.S. nuclear utility," said Dr. Charles W. Pryor Jr., chairman of Urenco USA and member of Lightbridge's Strategic Advisory Council. "Their combined expertise will undoubtedly benefit the GCC as it moves down the path toward a nuclear energy powered future."
In addition to Exelon, Dr. Allison Macfarlane, Rizzo and Associates and Winston and Strawn LLP will also contribute services to this project.
About Lightbridge CorporationLightbridge is a U.S. nuclear energy company based in McLean, VA. with operations in Abu Dhabi, Moscow and London. The Company develops non-proliferative nuclear fuel technology and 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 towards 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. It leverages those broad and integrated capabilities by offering their services to commercial entities and governments with a need to establish or expand nuclear industry capabilities and infrastructure.