Lightbridge Corporation (ticker: LTBR, exchange: NASDAQ Capital Market (.O))
News Release -
Thorium Power Appoints General Charles Guthrie to International Advisory Board
MCLEAN, Va.--(BUSINESS WIRE)--April 2, 2008--Thorium Power Ltd.
(OTC Bulletin Board: THPW), the leading developer of non-proliferative
nuclear fuel technology and provider of comprehensive advisory
services for emerging nuclear programs, today announced the
appointment of General Lord Guthrie to its International Advisory
General Charles Guthrie has served with distinction in the British
Army for 44 years, advancing through the ranks to become the Chief of
the Army Staff and then the Chief of the Defense Staff. Today, he
serves as an independent member of the House of Lords in the United
Kingdom parliament and advises numerous corporations around the world
"General Charles Guthrie is a highly distinguished and
accomplished international dignitary, whose accomplishments have been
recognized and rewarded on numerous occasions. His global work as an
adviser to corporations and heads of state are commensurate with
initiatives set forth for the International Advisory Board," said Seth
Grae, Thorium Power's President and CEO. "The International Advisory
Board has been an essential extension of the core management team. As
I look at our recent corporate advances, both domestically and
internationally, I am grateful to have received the accomplished
support of the Board. The addition of General Guthrie is both an honor
and a privilege."
General Lord Guthrie stated, "I have been involved in many
meaningful global endeavors. Rarely does one come across solutions
with as much impact as Thorium Power. This company has prospects of
dramatically changing the energy landscape in a positive way. Joining
Thorium Power is truly a unique opportunity. I look forward to doing
my part in seeing the company's fuel technology become widely accepted
General Guthrie has served a long distinguished career dedicated
to the British Army, Defense and the United Kingdom government. In the
private sector, General Guthrie has compiled a remarkable record
serving as a Director of NM Rothschild & Sons Limited, Colt Defense
LLC (USA), Sciens International Fund of Hedge Funds and Peter Hambro
About Thorium Power, Ltd.
Thorium Power (OTCBB: THPW) is a pioneering U.S. nuclear energy
company based in McLean, VA. The Company develops non-proliferative
nuclear fuel technology and provides comprehensive advisory services
for emerging nuclear programs based on a philosophy of transparency,
non-proliferation, safety and operational excellence. Thorium Power's
technologies, which are aimed at both existing and future reactors,
include nuclear fuel designs optimized to address key concerns
regarding traditional nuclear power, including proliferation of
weapons usable nuclear materials and reduction of nuclear waste. The
Company maintains a seasoned team with unparalleled experience from
the nuclear energy industry, regulatory and government affairs,
non-proliferation and diplomacy. It leverages those broad and
integrated capabilities by offering consulting and strategic advisory
services to commercial entities and governments with a need to
establish or expand nuclear industry capabilities and infrastructure.
Thorium Power also maintains long-standing relationships with leading
Russian nuclear entities, providing expert resources and facilities
for its nuclear fuel development activities. The Company seeks and
forms partnerships with participants in the global nuclear industry,
allowing it to address a wide range of international opportunities.
This press release may include certain statements that are not
descriptions of historical facts, but are forward-looking statements.
These forward-looking statements may include the description of our
plans and objectives for future operations, assumptions underlying
such plans and objectives, statements regarding benefits of the new
agreement with Kurchatov and other statements identified by
forward-looking terminology such as "may," "expects," "believes,"
"anticipates," "intends," "expects," "projects" or similar terms,
variations of such terms or the negative of such terms. There are a
number of risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements made herein.
Such information is based upon various assumptions made by, and
expectations of, our management that were reasonable when made but may
prove to be incorrect. All of such assumptions are inherently subject
to significant economic and competitive uncertainties and
contingencies beyond our control and upon assumptions with respect to
the future business decisions which are subject to change.
Accordingly, there can be no assurance that actual results will meet
expectations and actual results may vary (perhaps materially) from
certain of the results anticipated herein. Reference is made to the
risk factors contained in our latest annual report as filed with the
Securities and Exchange Commission. These factors may cause actual
results to vary from the forward-looking statements contained in this
Further information is available on Thorium Power, Ltd.'s website
CONTACT: Thorium Power, Ltd.
Peter Charles, 703-918-4932
SOURCE: Thorium Power Ltd.