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Thorium Power Appoints Dr. Hans Blix as Senior Advisor
Publish Date : 2/4/2008 5:24:00 AM   Source : Technology News Onlypunjab.com

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 that Dr. Hans Blix has joined Thorium Power as a Senior Advisor.

Dr. Blix will work closely with the company’s team of experts in nuclear energy deployment and technology, especially within the company’s international relations practice, which already includes distinguished nuclear affairs experts such as Lars Hogberg, the former Director General of the Swedish Nuclear Power Inspectorate, and Tom Murley, the former Director of Nuclear Reactor Regulation at the Nuclear Regulatory Commission of the United States. Dr. Blix will further augment Thorium Power’s advisory services for nations interested in developing a civilian nuclear industry that is non-proliferative, transparent and in full compliance with international safeguards.

Currently the Chairman of the Weapons of Mass Destruction Commission, Dr. Blix was the former Director General of the IAEA (1981 – 1997), Chief of the United Nations Monitoring, Verification, and Inspection Commission for Iraq (2000 – 2003) and Foreign Minister of Sweden (1978-1979).

“Hans Blix is one of the world’s leading authorities on the role of nuclear energy and we are honored that he has chosen to join Thorium Power as a senior advisor,” said Ambassador Thomas Graham, Jr., Thorium Power’s Executive Chairman. “Dr. Blix is a person of unquestioned integrity and has been one of the leading voices for the peaceful expansion of civilian nuclear power. We are pleased that he has chosen to join us in our efforts to assist nations in establishing nuclear programs founded on transparency and non-proliferation.”

Dr. Blix noted, “I am pleased to join Thorium Power at a time when many nations are considering developing a civilian nuclear industry. The nuclear renaissance will only live up to its promise if nations deploying nuclear power embrace the twin standards of non-proliferation and full compliance with international safeguards. Thorium Power is well positioned to work with emerging nuclear nations and provide the vital strategic advice that is needed to ensure safe nuclear power.”

Ambassador Graham added, “Hans joins two other commanding experts in the field on our team, Lars Hogberg and Tom Murley. Lars has a background as one of the preeminent regulators in Europe and has wide international experience. Tom is an international authority on nuclear safety and regulatory matters and has decades of experience in nuclear regulations.”

Dr. Hans Blix

Dr. Hans Blix served as Director General of the International Atomic Energy Agency (IAEA) in Vienna from 1981 to 1997 and as Executive Chairman of the UN Monitoring, Verification and Inspection Commission (UNMOVIC) from March 2000 to June 2003. Prior to his work with the United Nations, Dr. Blix served as the Advisor on International Law for the Swedish Ministry for Foreign Affairs from 1963 to 1976. From 1976 to 1978, Dr. Blix was State Secretary for International Development Co-operation and from 1978 to 1979 he served as Minister for Foreign Affairs. Most recently, Dr. Blix has been Chair of the Stockholm-based Weapons of Mass Destruction Commission (WMDC), an independent body funded by the Swedish government that strives for non-proliferation, arms control and disarmament of weapons of mass destruction.

Lars Hogberg

Mr. Lars Hogberg is the former Director General of the Swedish Nuclear Power Inspectorate, a position he held from 1989 to 1999. Mr. Hogberg has served on several Swedish government committees as an authoritative figure on energy, nuclear safety, and environmental issues. Mr. Hogberg served as Head of the Swedish Delegation to the IAEA General Conference from 1992 to 2001 and represented Sweden as Governor to the IAEA during the terms of 1992-94 and 1997-2000. He chaired the Steering Committee of the OECD Nuclear Energy Agency (NEA) 1998-2003. Notably, Mr Hogberg is a founding member of the International Nuclear Regulators Association (INRA) and a founding member of the Western European Nuclear Regulators Association (WENRA).

Dr. Thomas E. Murley

Dr. Thomas Murley is an international authority on nuclear safety and regulatory matters. Dr. Murley spent two decades at the U.S. Nuclear Regulatory Commission (NRC). He retired in 1994 as NRC’s Director of Nuclear Reactor Regulation, overseeing the licensing of nuclear plants and implementation of NRC’s policies of safety oversight for all commercial nuclear power plants in the United States. In this role, he managed the licensing of 14 of the last 15 nuclear power plants deployed in the U.S. Earlier in his career Dr. Murley served at the U.S. Atomic Energy Commission, Westinghouse Electric Company and Karlsruhe Nuclear Research Center in Germany.

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.

DISCLAIMER

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 release.



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