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 www.ltbridge.com
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment