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  • Lightbridge Corp. (LTBR) Issues Business Update for Recent Quarter 0 comments
    Nov 9, 2011 5:18 PM | about stocks: LTBR
    Lightbridge Corp. reported a business update on its operations in the third quarter of 2011. The company is involved with the nuclear energy industry and provides consulting and other services to a number of private sector and governmental organizations.

    Lightbridge said that Idaho National Laboratory completed a preliminary study that supports the viability of performing loop irradiation of metallic fuel samples provided by the company. Lightbridge Corporation now plans to move forward with a more detailed experiment on the same concept.

    Lightbridge has initiated discussions with an undisclosed company that is involved with the fuel fabrication business. The company hopes to have a partner assist in the metal fuel fabrication development process.

    Lightbridge applied to the U.S. Patent and Trademark Office (USPTO) for a patent on a locking mechanism for a fuel assembly system designed by the company. The USPTO granted a notice of allowance to Lightbridge and the company expects to receive a patent on this invention shortly.

    Lightbridge reported sales of $1.7 million in the third quarter of 2011, which ended on September 30, 2011. This was a decline from the $2.1 million in sales reported in the corresponding quarter in 2010. Lightbridge had cash and cash equivalents of $9.3 million, and no debt as of 9/30/2011.

    For more information on the company, go to ltbridge.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

     
    Stocks: LTBR
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