As per the terms of the Agreement, Lightbridge and Framatome are each free to pursue their ongoing technology development without any constraints. Lightbridge has agreed to pay approximately $4.2 million, consisting of unpaid invoices and certain other costs incurred by Framatome. Framatome and Lightbridge retain all intellectual property rights to their respective background technology. The Agreement resolves all disputes between the companies and terminates all agreements pertaining to the joint venture.
Press Release
Lightbridge Corporation and Framatome Announce Settlement Agreement to Dissolve Enfission Joint Venture
March 22, 2021
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1 min |
Topic:
fuel
As per the terms of the Agreement, Lightbridge and Framatome are each free to pursue their ongoing technology development without any constraints. Lightbridge has agreed to pay approximately $4.2 million, consisting of unpaid invoices and certain other costs incurred by Framatome. Framatome and Lightbridge retain all intellectual property rights to their respective background technology. The Agreement resolves all disputes between the companies and terminates all agreements pertaining to the joint venture.
About Framatome
Framatome is an international leader in nuclear energy recognized for its innovative, digital and value added solutions for the global nuclear fleet. With worldwide expertise and a proven track record for reliability and performance, the company designs, services and installs components, fuel, and instrumentation and control systems for nuclear power plants. Its more than 16,000 employees work every day to help Framatome’s customers supply ever cleaner, safer and more economical low-carbon energy.
- Visit us at: www.framatome.com
- Follow us on Twitter: @Framatome_ and LinkedIn
Framatome is owned by the EDF Group (75.5%), Mitsubishi Heavy Industries (MHI – 19.5%) and Assystem (5%).