US Nuclear Corp. Ships Over $493,000 in Advanced Tritium Monitor Equipment Orders for Next Generation Molten Salt Reactors (MSRs) in the Second Quarter to a Customer in Shanghai, China
LOS ANGELES, CA–(Marketwired – Jun 5, 2015) – US Nuclear Corp. (OTCBB: UCLE) has announced that it has shipped over $493,000 in advanced tritium monitor equipment to a leading edge Molten Salt Reactor (MSR) under development in Shanghai, China through its Overhoff Technology division today. Robert I. Goldstein, President, CEO and Chairman, stated, “This order was one of our most complex tritium monitoring systems designed and built by our Overhoff team. It also represents the largest sized shipment to any of our MSR clients in China during the second quarter and allows us to grow our footprint in the country. We are pleased they chose our Overhoff equipment recognized worldwide for its high quality, reliability and durability. MSR studies have shown that it is an effective and safe method of producing low cost, very high output energy to meet today’s ever growing energy demands.” The figures produced by scientists in an article from Bloomberg Business reveal that MSRs can burn up to 96 percent of its fuel, compared with only four percent by light-water reactors, and can generate 75 times the electricity per ton of uranium, making it the safest and cleanest green energy alternative. In the United States, this approach has received attention from companies such as TerraPower, backed by Bill Gates and Transatomic, backed by Peter Thiel’s Founders Fund, who are seeking to design MSR nuclear power plants but still require U.S. Regulatory Commission approvals to eventually license and build in the US.
Mr. Goldstein added, “China is leading the way in MSR technology as many firms plan on investing over a hundred billion dollars into nuclear energy projects by 2020. The impetus is driven by China’s severe pollution problem, predominantly from coal burning. The economic loss due to pollution in China is estimated by the World Bank at almost 6% of GDP, and chronic, widespread smog leads to health problems and social ills. Our customers in China understand what is at stake; they have taken major steps with investment dollars in developing leading edge Molten
Receives New Orders Over $415,000 From Three Customers
Salt Reactors (MSRs) that are designed to produce clean, low to zero carbon emissions, high output, efficient energy and have selected our advanced tritium monitor equipment and detectors as part of their overall comprehensive solution.” Separately, the Company announced new orders from three customers totaling over $415,000. “During the second quarter, we received new orders from our nuclear energy customers in Argentina, Canada and in the US. The majority of these orders are for tritium-related equipment such as Tritium Process Monitors, and Portable Tritium in Air Monitors,” said Mr. Goldstein.
About US Nuclear Corp.
US Nuclear Corp. is a fully-reporting, publicly traded company on the Over-the- Counter Bulletin Board, traded under the ticker symbol UCLE. The Company’s operations are principally engaged through its subsidiaries, operating two leading nuclear radiation detection companies, Overhoff Technology Corp. and Optron Scientific Company Inc. The Company designs, manufactures and markets branded, full line radiation detection and specialized advanced tritium technology for the nuclear energy industry and for emerging technological processes such as Thorium and Molten Salt (MSR) reactor technologies both domestically and internationally to customers such as United States Government Agencies, the U.S. Military, Homeland Security, Scientific Laboratories, Universities, Hospitals, nuclear reactor facilities in the United States, China, Canada, South Korea, Argentina, Russia and others.
Safe Harbor Act
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.