LIS Technologies Inc. Bolsters its Technical Team with the addition of Prominent Researcher and Engineer Lukasz Urbanski, Ph.D., to Lead its Stable Isotope Laser Program
Oak Ridge, Tennessee, June 03, 2025 (GLOBE NEWSWIRE) -- LIS Technologies Inc. ('LIST' or 'the Company'), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it has engaged Lukasz Urbanski as the Director of its Stable Isotope Laser Program.
Dr. Lukasz Urbanski is a seasoned technologist, bringing 12 years of experience in the semiconductor industry, specializing in high-power CO2 laser systems for Extreme Ultraviolet (EUV) lithography. As a High-Power Laser Systems Architect at ASML Research, he led the development of next-generation drive lasers, critical components for laser-produced plasma in high-volume manufacturing EUV lithography systems. His work focused on scaling laser power and efficiency while reducing technology costs, resulting in multiple world records in power output, stability, repetition rate, and system architecture.
'It is a joy to take on this role with LIS Technologies and spearhead the creation of its Stable Isotope Laser Program,' said Lukasz Urbanski, Ph.D., Stable Isotope Laser Program Director of LIS Technologies Inc. 'There is a major opportunity in pursuing the development of stable isotopes, and later medical isotopes, that the Company has seen fit to explore and I am delighted to lend my expertise and help to expand the possibilities of what CRISLA can achieve.'
Figure 1 - LIS Technologies Inc. Engages Dr. Lukasz Urbanski as the Director of its Stable Isotope Laser Program.
Prior to the architect role at ASML, Dr. Urbanski served as a Staff Systems Engineer, where he acted as a key interface between Research, Engineering, and Product Development teams. He coordinated cross-disciplinary efforts to translate early-stage innovations into manufacturable solutions, with a strong emphasis on system throughput and optical performance. His contributions spanned the entire product lifecycle, from concept and design through implementation, ensuring technical alignment and performance optimization across teams.
Dr. Urbanski began his career in EUV research as a graduate student at the National Science Foundation (NSF) Engineering Research Center for EUV Science and Technology, where he advanced to a postdoctoral researcher role. During this time, he also contributed to research at the Center for Functional Nanomaterials at Brookhaven National Laboratory. Before transitioning to academia and industry, he served as a Platoon Commander in the Polish Armed Forces after graduating from the Military University of Technology with a Master's degree in Electrical Engineering. He received his Ph.D. in Electrical Engineering from Colorado State University with a focus on EUV Lasers, Nanopatterning, Nanofabrication, EUV Lithography.
'Lukasz is a top scientist and engineer with the knowledge and expertise required to spearhead this whole new program for the Company,' said Christo Liebenberg, CEO and Co-Founder of LIS Technologies Inc. 'The Stable Isotope Laser Program will open new market opportunities for LIST and deliver critical products, such as the isotopes required to enhance the performance of next-generation chips for AI and quantum computing, or potential medical isotopes that can drive healthcare breakthroughs. Lukasz's track record of guiding projects from inception will be invaluable, and I'm pleased to welcome him to the Company.'
'Dr. Urbanski sees our company's potential and market growth, having come from a company with a market worth of about $300 billion. Following his addition, we are now preparing to enter the rapidly expanding stable‑isotope market, alongside further developing the only U.S.‑origin, patented laser‑uranium‑enrichment technology, which is uniquely positioned to support the growing fuel demands of large civil reactors as well as advanced SMRs and microreactors,' said Jay Yu, Executive Chairman and President of LIS Technologies Inc. 'I feel humbled to have such a seasoned professional and technical expert to assist us in developing a potentially significant new revenue stream for the Company.'
About LIS Technologies Inc.
LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs, former U.S. national leaders, and industry professionals, possessing strong relationships with government and private nuclear industries.
In Dec 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.
For more information please visit: LaserIsTech.com
For further information, please contact:
Email: [email protected]
Telephone: 800-388-5492
Follow us on X Platform
Follow us on LinkedIn
Forward Looking Statements
This news release contains 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as 'expects', 'anticipates', 'intends', 'plans', 'believes', 'will', 'should', 'could', 'would' or 'may' and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
29 minutes ago
- Yahoo
Hemp industry advocates respond to Texas THC ban, plea with Gov. Abbott to veto SB 3
The clock is ticking louder as the deadline is fast approaching for Texas' proposed hemp-derived THC ban bill. The bill - Senate Bill 3 — was authored by Lubbock Republican State Sen. Charles Perry to help close a loophole Lt. Governor Dan Patrick said was "exploited" to grow the THC market in Texas. However, the sweeping ban is set to impact the $8 billion hemp industry. Others are reading: Patrick, Perry defend proposed Texas THC ban after smoke shop exploit hemp loophole The bill has garnered backlash from both sides of the aisle, with hemp advocates calling on Texas Gov. Greg Abbott to veto the bill, including the Texas Hemp Coalition. "The Texas Hemp Coalition is calling on Governor Greg Abbott to veto Senate Bill 3 before his midnight deadline on June 22nd. This is a deeply flawed measure that would devastate Texas' legal hemp industry and harm farmers, entrepreneurs, and consumers across the state," reads a statement from the coalition. According to the organization, SB 3 would have the following impact on Texas: Eliminates Jobs — Over 50,000 jobs are at risk across farming, processing, retail, and manufacturing. Hurts Small Business — Hundreds of independently owned stores and operations could be forced to shut down. Contradicts Federal Law — SB 3 restricts hemp products legal under the 2018 Farm Bill. Endangers Public Safety — Driving the industry underground removes consumer protections like testing, labeling, and age restrictions. Undermines Texas Agriculture — Many Texas farmers have invested heavily in hemp as a rotational crop and income stabilizer. Benefits Other States — Neighboring states with legal hemp markets will absorb displaced Texas customers and businesses. Pushes business to the illicit market with no checks and balances which doesn't protect our consumers and citizens. The coalition's executive director, Illissa Nolan, said in a statement that the hemp industry doesn't want a free pass but rather fair rules, and "supports strong, science-based regulation including age limits, robust testing, and clear labeling." "This bill overreaches, penalizes responsible businesses, and guts a legal industry that has grown under aclear federal and state regulatory framework," said Nolan. "Governor Abbott has a history of supporting small business and rural economies. We respectfully ask him to stand with us again and protect one of the most promising sectors of Texas agriculture and entrepreneurship.' Others are reading: Lt. Gov. Patrick, Sen. Perry tout legislative victories in Lubbock stop During the 89th Texas Legislature's regular session, the bill cleared the Senate 26-5, with it being amended in the House and passing 87-54. With the Senate agreeing to the House's amendment, the bill was sent to Abbott's desk on May 27, starting the clock. The governor has until June 22 to do one of the following: Sign it — it becomes law and is effective starting Sept. 1. Veto it — with the House having the chance to overturn the veto. Not sign it — still becomes law effective starting Sept. 1. Abbott has not tipped his hand as to which of the three options he is leaning towards as the deadline approaches. Mateo Rosiles is the Government & Public Policy reporter for the Lubbock Avalanche-Journal. Got a news tip for him? Email him: mrosiles@ This article originally appeared on Lubbock Avalanche-Journal: Hemp industry advocates urge Texas Gov. Greg Abbott to veto THC ban
Forbes
29 minutes ago
- Forbes
Trump Criticizes Windmills In Latest Attack Against Wind Energy
President Donald Trump blasted green tax breaks and windmills in a rant about his signature budget package moving through Congress, tacking onto his longstanding criticism of the turbines even as they have become an increasingly cost-effective form of energy. US President Donald Trump waves as he boards Air Force One at Morristown Municipal Airport in ... More Morristown, New Jersey, on June 21, 2025 as he returns to the White House from his golf club in Bedminster, New Jersey. Photo by MANDEL NGAN/AFP via Getty Images Trump said in a Truth Social post he 'HATED' green tax credits in the 'Big Beautiful Bill,' saying the cuts are largely a 'giant SCAM.' The bill, a massive measure currently in the Senate that will extend tax cuts passed by Trump during his first term, will remove or limit tax credits for electric vehicles and home energy efficiency if passed, as well as create gradual, year-by-year cuts to wind and solar farm tax credits. Trump said windmills 'are the most expensive and inefficient energy in the world' and are 'destroying the beauty of the environment.' The president also claimed, without evidence, windmills are '10 times more costly than any other energy,' taking issue with government subsidies linked to turbines. Get Forbes Breaking News Text Alerts : We're launching text message alerts so you'll always know the biggest stories shaping the day's headlines. Text 'Alerts' to (201) 335-0739 or sign up here . What Has Trump Said About Windmills ? Shortly after taking office, the president said the government would not subsidize new windmill farms and added he doesn't 'want even one built' during his second term. Trump called wind turbines the 'most expensive energy' that only works 'with massive government subsidies, which we will no longer pay.' Trump could potentially impact windmill production on federal lands, but not on privately owned plots. Trump has also falsely claimed windmills kill whales, though there is no evidence supporting the claim about the mammals and offshore turbines. Not likely. The Department of Energy has said 'wind and solar projects are now more economically competitive than gas, geothermal, coal, or nuclear facilities,' though windmills in locations lacking wind could be an exception. Onshore wind turbines saw global costs of energy production fall by 68% in 2021, according to a report from the International Renewable Energy Agency, which noted onshore capacity increased four-fold from 2010 to 2021. The agency also reported onshore wind project costs fell by 13% while offshore wind projects fell by 9% in 2020. Key Background Trump once lost a legal battle in which he sought to block the construction of an offshore wind farm in view of a golf course project of his in Scotland. The president lost in court and was required to pay over $290,000 in legal fees to the Scottish government. His scrutiny of windmills is a change from his first term, when former Interior Secretary Ryan Zinke said he was 'very bullish on offshore wind,' adding the harnessing of the energy source was 'a big part of the Trump Administration's made in America energy strategy.' Trump's Tax Cuts Would Raise Deficit By $2.8 Trillion, New Estimate Suggests (Forbes) Trump Calls Windmills 'An Economic And Environmental Disaster' In Latest Rant Against Turbines (Forbes)
Yahoo
34 minutes ago
- Yahoo
Major grocery chain to close over 60 locations by end of 2026
Kroger will be closing more than 60 stores it considers underperforming across the U.S. by the end of 2026, according to a recent announcement by the grocery chain. The news was part of Kroger's first-quarter earnings report, which was released on Friday. It states that the closures are expected to provide the company a "modest financial benefit." "In the first quarter, Kroger recognized an impairment charge of $100 million related to the planned closing of approximately 60 stores over the next 18 months. As a result of these store closures, Kroger expects a modest financial benefit," the company said in the report. Kroger said it aims to reinvest the money it saves through the closing into improving its customer experience at other stores. "Kroger is committed to reinvesting these savings back into the customer experience, and as a result, this will not impact full-year guidance," the company said. The report was also clear to mention that none of the forthcoming changes signal a need for layoffs. Employees at the affected stores will be offered roles in other stores, according to the report. The company's first-quarter earnings fell to $866 million, down from $962 million during the same quarter last year. Its total sales were also down, from $45.3 billion last year to $45.1 billion this year. Despite the first quarter losses, the company still increased its full-year earnings forecast to between 2.25 percent and 2.35 percent growth. The chain said that demand for its fresh food, store branded products, and its digital services is strong and will likely remain so throughout the year. While the company is closing stores by the end of next year, it also announced plans to open around 30 new stores by the end of this year. Kroger operates nearly 2,800 stores in the U.S. under the name Kroger as well as Ralphs, King Soopers, Fredy Meyer and Harris Teeter. The company is currently in the process of selecting a new CEO after its previous CEO, Rodney McMullen, resigned in March amid an internal ethics investigation. Sign in to access your portfolio
