Lightbridge Corporation Plans to Appoint Xingping Hou as Co-Chairman of the Board of Directors
June 29, 2016 at 02:16 pm
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Lightbridge Corporation announced it plans to appoint Mr. Xingping Hou as co-Chairman of the Company’s Board of Directors, subject to completion of the financing. Ambassador Thomas Graham, Jr. will remain Executive Chairman of the Board. Xingping Hou, age 55, has been Chairman of the Board, Chief Executive Officer and President of General Agriculture Corporation since July 2012. Mr. Hou has also served as the Chairman of the Board for each of General Red Industry Group Co. Ltd. and Shaanxi General Red Agricultural Development Co. Ltd. since May 2010 and October 2010, respectively. He has also served as the Chairman of the Board and President of General Red International Inc. since November 2007. Since May 2011, Mr. Hou has served as the Chief Executive Officer, President and Chairman of General Red Holding Inc. Mr. Hou has also served as a director of Hua Mei Investments Limited and Han Glory International Limited since April 2011.
Lightbridge Corporation is focused on developing advanced nuclear fuel technology. The Company is developing Lightbridge Fuel, a proprietary nuclear fuel technology for existing light water reactors and pressurized heavy water reactors, which is expected to significantly enhance reactor safety, economics, and proliferation resistance. It also develops new nuclear power plants, large and small, and enhances proliferation resistance of spent nuclear fuel while supplying clean energy to the electric grid. Its target market segments include water-cooled commercial power reactors, such as pressurized water reactors (PWRs), boiling-water reactors (BWRs), water-moderated energetic reactors (VVERs), Canada Deuterium Uranium (CANDU) heavy water reactors, water-cooled small modular reactors (SMRs), as well as water-cooled research reactors. The Company is also developing Lightbridge Fuel for new SMRs to bring the same benefits plus load-following with renewables on a zero-carbon electric grid.
LIGHTBRIDGE CORPORATION 
