MCLEAN, Va., Feb. 18, 2013 (GLOBE NEWSWIRE) -- Lightbridge Corporation (Nasdaq:LTBR), a leading innovator of next generation nuclear fuel designs and provider of nuclear energy consulting services to commercial and governmental organizations, today announced that Jonathan Baggett, manager of Lightbridge's advisory services contracts with foreign governments planning to create nuclear power programs, has been named Vice President – Program Management.
"Jonathan's role in strategic planning and management of Lightbridge-designed civil nuclear programs has helped establish Lightbridge as an independent and innovative provider of comprehensive advisory services for emerging nuclear power programs," said Seth Grae, Lightbridge President and Chief Executive Officer. "He also is helping to drive business development initiatives in our pursuit of additional international nuclear advisory projects."
Baggett, a certified Project Management Professional (PMP), joined Lightbridge in 2007 from Medical Solutions, Inc., Chantilly, Va. where he designed patented medical devices. Before that, he was a manufacturing engineer with an aerospace thermal insulation manufacturer in Atlanta. An accomplished collegiate cyclist at the Division I level, Baggett earned a master's degree in systems engineering at the University of Virginia and a Bachelor of Science degree in aerospace engineering from Georgia Institute of Technology.
About Lightbridge Corporation
Lightbridge is a U.S. 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 current 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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Forward Looking Statements
This news release contains statements that are forward-looking in nature, including statements regarding the Company's competitive position and product and service offerings. These statements are based on current expectations on the date of this press release and involve a number of risks and uncertainties, which 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 Sharpe, Investor Relations, Lightbridge Corporation, 571-730-1213, firstname.lastname@example.org