The Pace Global economic analysis comes after the recent publication of a peer-reviewed article that highlights how the Company's next generation fuel is capable of increasing the power output and extending the fuel-cycle length of light water reactors. The article also reviews the unique geometry and composition of the metallic fuel and its application to power uprates in light water reactors. The article was published in the December 2012 edition of Nuclear Technology, a publication of the American Nuclear Society. An abstract of the article is available at http://www.new.ans.org/pubs/journals/nt/v_180:3.
About Lightbridge CorporationLightbridge is a US 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 existing 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.
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About Pace Global Energy Services, LLCPace Global, a unit of the Building Technologies division of Siemens AG, is a leading energy consulting and management company. The company combines deep industry knowledge with commercial, technical, financial, and regulatory expertise to help organizations maximize value and manage risk in today's complex energy and environmental markets. For more than 35 years and in more than 60 countries, Pace Global has worked closely with its clients to define strategies and implement solutions. The company offers a unique, integrated perspective our clients have come to trust, which we call the Power of Integration. For more information, visit www.paceglobal.com.Forward Looking StatementsThis news release contains statements that are forward-looking in nature, including statements regarding Lightbridge's competitive position and product and service offerings. These statements are based on current expectations on the date of this news release and involve a number of risks and uncertainties that 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 SharpeInvestor Relations & Corporate CommunicationsLightbridge Corporation571-730-1213 email@example.com SOURCE Lightbridge Corporation