Benzinga | Dec 24, 2020 08:01AM EST

Lightbridge Awarded Patent in Eurasia for Innovative Nuclear Fuel Assemblies

Lightbridge Corporation (NASDAQ:LTBR), an advanced nuclear fuel technology company, today announced that it has received Patent No. 036359 from the Eurasian Patent Office for its innovative nuclear fuel assemblies, comprising of multi-lobe fuel rods arranged in a mixed grid pattern. Lightbridge is developing its advanced metallic fuel designed to make both existing and new nuclear power plants more efficient, more cost competitive, and even safer.

Seth Grae, President & Chief Executive Officer of Lightbridge Corporation, commented, "This latest patent award from the Eurasian Patent Office is another example of Lightbridge's ongoing commitment to protecting our research and development. We have a remarkably strong team that has developed our growing portfolio of highly innovative patents that are recognized throughout the world. This patent award serves to validate our unique approach to advanced nuclear fuel."