MCLEAN, Va., Dec. 28 /PRNewswire-FirstCall/ -- Thorium Power Ltd. (BULLETIN BOARD: THPW) , the leading developer of non-proliferative nuclear fuel technology for existing and future PWR reactors, today announced that the Company has been featured in a full spectrum of media reports on the BBC.
The reports, comprised of a news segment broadcast on the BBC World Business Report, an extensive radio interview on BBC World and a print story on the BBC website, focused on the recent visit to India by Thorium Power CEO Seth Grae and Vice President Dennis Hays.
Thorium Power CEO Grae stated, "Our visit to India exceeded our expectations in terms of fruitful discussions with senior Indian government officials and business leaders. The BBC and other media organizations picked up on this and chose Thorium Power as one of the companies best positioned to forge real links with Indian entities once the final agreement between the United States and India on civilian nuclear cooperation is reached in the first half of next year." Grae added, "The BBC is one of the preeminent news organizations in the world and we are proud it chose Thorium Power to highlight the promise and prospects of US/India trade relations."
The BBC video report can be accessed at: http://mfile.akamai.com/7076/wmv/ccbn.download.akamai.com/7076/THPW.OB/300K.as x
The web article and other press reports can be read on our new News Update link: http://media.corporate-ir.net/media_files/irol/12/121550/news122006.pdf
About Thorium Power Ltd:
Thorium Power Ltd. is involved in the nuclear power sector. Its focus is on technologies and services that will benefit from, and help lead to, expanded use of nuclear power generation. The company has assembled an International Advisory Board comprised of key national and international leaders in the fields of Nuclear Energy, Finance, Government Affairs, Non- proliferation and Diplomacy. Thorium Power Ltd. also has put together a Technical Advisory Board made up of top scientists and practitioners from the world's major nuclear companies. Thorium Power Inc., a wholly-owned subsidiary of Thorium Power Ltd., is a leading developer of proliferation resistant nuclear fuel technologies. Thorium Power Inc. designs nuclear fuels, obtains patent protection on these fuels, and coordinates fuel development with commercial entities and governments. The company has been working in Russia with Russian nuclear engineers and scientists for over a decade.
DISCLAIMER
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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 proposed merger and other 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. These risks, as well as other risks associated with the merger, will be more fully discussed in any joint proxy statement or prospectus or other relevant document filed with the Securities and Exchange Commission in connection with the proposed merger. 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.
Further information is available on Thorium Power Ltd's website at http://www.thoriumpower.com/.
For more information:
Peter Charles
Thorium Power Ltd.
Ph: (703) 918-4932
Email:
