Lightbridge Corporation (LTBR)

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U.S. Patent. February 24, 2021 8:00am EST
RESTON, Va., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq: LTBR), an advanced nuclear fuel technology company, today announced that it has received a Notice of Allowance from United States Patent and Trademark Office for U.S. Patent Application #15/900,071 covering a method for manufacturing metallic fuel rods via co-extrusion and using a powder metallurgy approach to producing a billet.

Seth Grae, President and CEO of Lightbridge commented, “This Notice of Allowance from the U.S. Patent and Trademark Office further expands and strengthens our intellectual property protection in the United States, which is essential to our efforts in commercializing our technology. Given the fact that Lightbridge Fuel™ provides a 30% power uprate, which improves the operating economics of existing reactors and new SMRs, we believe our technology will be key in the U.S. meeting climate change goals and baseload energy requirements in the years and decades to come.”

https://www.ltbridge.com/news-media/press-releases/detail/306/lightbridge-receives-notice-of-allowance-for-a-u-s-patent