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Lightbridge Corporation is a nuclear energy pioneer developing proliferation resistant fuel technology and offering integrated advisory services for existing and emerging nuclear programs. The Company's mission is to establish a new standard in global nuclear power generation based on a core philosophy of transparency, non-proliferation, safety and operational excellence.
In 1992 Lightbridge Corporation was formed to develop and deploy nuclear fuel designs developed by Dr. Alvin Radkowsky, one of the founding fathers of the U.S. nuclear industry and one of the industry’s most respected nuclear engineers. Dr. Radkowsky, formerly head of the U.S. Navy Nuclear Propulsion Program, was a key member of the design team that built Shippingport, the world’s first first full-scale commercial nuclear power plant, and supervised more nuclear fuel core designs that were implemented and successfully operated than any other nuclear engineer in the history of the industry. A true pioneer, Dr. Radkowsky also sought to sever the link between nuclear weapons and nuclear power, and he developed thorium-based nuclear designs which would not produce weapons suitable plutonium in nuclear spent fuel.
To help realize Radkowsky's vision, Lightbridge Corporation went to Russia in 1994 and collaborated with nuclear scientists and engineers at the prestigious "Kurchatov Institute" research center. Since the original invention by Dr. Radkowsky, the technology initially underwent extensive scientific development and evaluation, and has now for over four years-been in the engineering development phase, including technology scale-up in a live research reactor. The company is now focused on advanced testing and commercialization of the technology.
Lightbridge Corporation's development and testing has followed standard industry protocols and is embarking on the next phase accelerating activities leading to the demonstration of Lightbridge Corporation's fuel technology in lead-test assemblies for use in a full-size commercial reactor - the final technology development phase before commercial deployment into multiple power plants.
Lightbridge Corporation's nuclear fuel designs are protected by U.S. patents and their foreign equivalent in several countries. We are continuously analyzing new intellectual property as it comes out of our research and development activities to ensure all inventions are protected either through patents or trade secrets. The Company is currently implementing a program to expand the patent portfolio.
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8300 Greensboro Drive, Suite 800
McLean, VA 22102 USA
Board of Directors
| VICTOR ALESSI |
DANIEL MAGRAW, JR.
AMBASSADOR THOMAS GRAHAM, JR.
| SETH GRAE |
President, Chief Executive Officer,
Member of the Board of Directors
AMBASSADOR THOMAS GRAHAM, JR.
Executive Chairman of the Board
Executive Vice President / International Nuclear Operations
JAMES D. GUERRA
Chief Operating Officer, Chief Financial Officer and Treasurer,
Executive Vice President
Nuclear Regulartory Expert
Senior Vice President, Nuclear Regulartory Expert
Chief Nuclear Fuel Development Officer
DR. ALEXEI MOROZOV
Managng Director of Russian Brance Office
Technical Advisory Board
The Technical Advisory Board (TAB) is comprised of internationally recognized engineering experts with extensive experience in advanced nuclear fuel design and development, advanced reactor design, and nuclear fuel economics. The members are also recognized for leading research and design engineering projects at major U.S. nuclear, defense and aerospace companies. The TAB leverages this experience to assist us in further developing and deploying of our nuclear fuel designs.
International Advisory Board
The International Advisory Board (IAB) is comprised of prominent and influential individuals from a variety of backgrounds, including business, government, energy, and academia. The IAB members serve as strategic advisors as the Company expands its international reach.
Ernie H. Kennedy
George D. Crowley, Jr.
Original co-founders of Thorium Power, Inc. in 1992
Dr. Alvin Radkowsky, inventor of Thorium Power's original fuel design and a pioneer nuclear scientist, initiated and supervised more nuclear core designs which were actually built and successfully operated than any other nuclear engineer in history. He was a member of the prestigious US National Academy of Engineering and a fellow of both the American Physical Society and American Nuclear Society. At the end of 2001, Dr. Radkowsky was awarded the Alvin M. Weinberg Medal for outstanding international technical and policy leadership in nuclear science and technology. It was given to him as recognition for his "seminal contributions and innovations in the engineering development of nuclear power."
Dr. Radkowsky was the original Chief Scientist for the US Naval Nuclear Propulsion Program directed by the late Admiral H.G. Rickover. Dr. Radkowsky headed the design teams for the US Navy's nuclear submarines, aircraft carriers, and other surface ships. He also headed the design team for the first commercial nuclear power plant, in Shippingport, Pennsylvania.
He received a special award from the Secretary of the Navy for an invention that increased the endurance of the Nautilus submarine prototype from a few weeks to many years. This invention has been declassified and is used in virtually all commercial reactors.
Alvin Radkowsky received his Master's Degree at George Washington University under Professor Edward Teller, and his Ph.D at Catholic University of America under Professor Karl F. Herzfeld.
Dr. Radkowsky passed away on February 17, 2002.
Joel B. Grae has built his career around starting high- technology companies and building them to the point of commercialization. He co-founded Thorium Power with Alvin Radkowsky. He has also acted as attorney and business consultant to foreign multinational consortiums and companies.
Mr. Grae has sponsored biotech research at major universities, including Yale, Cornell and Rensselaer Polytechnic Institute. He founded MelaRx Pharmaceuticals, Inc. as a privately-held company to support research at Yale and was its Vice President of Technology from 1992 until MelaRx merged with Vion Pharmaceuticals, Inc. (formerly OncoRx Pharmaceuticals, Inc.) in 1995. Vion is now a publicly traded company.
Mr. Grae is a graduate of New York University School of Law and is a member of the New York Bar.
Points of Contact
Director of Corporate Affairs and Investor Relations
David Bassiouni, Jr.
Investor Relations Contact:
Lightbridge Corporation's Investor Relations Compehensive Home Page
Lightbridge Corporation is a nuclear energy pioneer and the leading developer of thorium-based nuclear fuel designs. The Company’s technologies include nuclear fuel designs optimized to address key concerns about traditional nuclear power, including nuclear proliferation and nuclear waste.
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