Press Releases For Month: April 2019
US Nuclear Signs Agreement to Acquire an Interest in a Leading Fusion Power Developer
US Nuclear Signs Agreement to Acquire an Interest in a Leading Fusion Power Developer

US Nuclear Signs Agreement to Acquire an Interest in a Leading Fusion Power Developer & Rights to Manufacture & Sell Fusion Power Generators for Electric Power Grid

Los Angeles, CA.  April 23, 2019 - US Nuclear Corp. (OTC-UCLE) and Magneto-Inertial Fusion Technologies, Inc. (MIFTI) have now signed an agreement which grants US Nuclear 500,000 shares of Magneto-Inertial Fusion Technologies, Inc. (MIFTI) stock, the option to acquire up to 10% (ten percent) of MIFTI, and non-exclusive worldwide rights to manufacture and sell MIFTI’s patentedthermonuclear fusion power generator. MIFTI’s fusion power generator can produce clean, base load electric power for the US and other power grids and wherever small modular electric power sources are needed.The worldwide energy market is estimated to reach $6 trillion by 2030.

Last year, US Nuclear signed a similar agreement with MIFTEC Labs for a revolutionary new way to produce medical radioisotopes from nuclear fusion power that has several cost and safety advantages over the current nuclear fission-based methods.

MIFTI and MIFTEC are sister companies under the same management and are developing and using the same “staged Z-PINCH fusion technology” for different applications and markets. MIFTI is developing thermonuclear fusion energy to power cities, transportation, space vehicles, military vehicles, and ships from fusion; and MIFTEC is developing a fusion-based generator for the abundant production of low-cost medical isotopes, which are currently in very short supply.

US Nuclear plans a series of future announcements relative to both MIFTEC and MIFTI developments.

Energy from nuclear fusion has been a dream for decades. It is the same nuclear energy that powers our sun and the stars. Fusion power is many times greater than the power derived from fossil fuels or even from our fission nuclear reactors, and is a source of clean energy since the fuel is derived from seawater rather than from radioactive uranium or the pollution generating, carbon-based fuels now in use. The development of fusion power has been elusive and the several-decade delay has created a common perception that fusion energy is still many decades in the future. However, recent experiments by MIFTI and MIFTEC at the highly regarded University of Nevada, Reno National Terawatt Facility (UNR/NTF), have achieved historic results that suggest harnessing the power of nuclear fusion may be closer than realized.  There is great controversy over the effects of fossil fuels on global warming and climate change. If successful, fusion energy has the potential to usher in a new era of low cost, clean energy.

In the time since US Nuclear partnered with MIFTEC Labs, MIFTEC has succeeded, at the University of Reno Nevada National Terawatt Facility, in generating the most powerful neutron flux from fusion power ever achieved by a private company. Using a 1 MegaAmp machine, this experiment achieved a neutron flux in excess of 1010, demonstrating that they are doing things right. Next comes a larger 10 MegaAmp version of their machine that is expected to generate a neutron flux of   1012which is clearly greater than the 1010required to produce commercial quantities of critical, low-cost radioisotopes that are in short supply. Shortly thereafter, MIFTEC contracted with a leading design engineer from a National Lab and has already completed the plans for its first commercial machine called the Staged Z Pinch (SZP) LTD-X (linear transformer driver-X) 10 MegaAmp generator.  U.S Nuclear and the MIFTI team now look forward to building the first machine.

Jerry Simmons, MIFTI and MIFTEC CEO says, “Plans are underway for further testing to provide base load electricity to the power grid, and with the kind of results we have already achieved at an independent testing laboratory, we are confident that we have a solution to provide the world with safe, clean, low-cost energy.  Other advantages of fusion power include no nuclear waste that can be used to proliferate nuclear weapons.  In addition, MIFTI’s fusion generators are scalable and compact compared to all other energy production footprints.”

About US Nuclear

US Nuclear Corporation is a world-leading manufacturer of advanced radiation and chemical detection and UAV instrumentation.

About MIFTI

MIFTI is a Department of Energy Advanced Research Projects Agency-Energy (DOE/ARPA-E) awardee and benefits from support by the National Nuclear Security Administration (NNSA). MIFTI also holds a fully executed work package agreement with Oak Ridge National Laboratory (ORNL) and is in negotiations for a work package agreement with Savannah River National Laboratory (SRNL). The National Aeronautics and Space Administration (NASA) has shown interest in usingMIFTI thermonuclear fusion power devices for use in space craft propulsion systems. The U.S. Navy has also shown an interest in MIFTI’s fusion power device for use in nuclear submarines and aircraft carriers.

 

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.

Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com

CONTACT:

US Nuclear Corp. (UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com

____________________________________________________

US Nuclear Corp. 2018 Financial Results & Revenue Growth
US Nuclear Corp. 2018 Financial Results & Revenue Growth

US Nuclear Corp. Announces 2018 Annual Financial Results and Revenue Growth

Los Angeles, CA. April 22, 2019 - US Nuclear Corp. (OTCBB: UCLE), a leading manufacturer of advanced radiation and chemical detection and UAV instrumentation, announced the annual results for the year ended December 31, 2018.

2018 Annual Highlights

  • Total sales revenue of $3,634,560, an increase of $563,914 or 18.4% over the previous year
  • Gross margin increased to 53.0% as compared to 43.8% the previous year
  • Gross profit for 2018 was $1,927,205, an increase of 43.3% compared to the previous year
  • Net loss of $2,407,070 due to stock-based compensation and acquisition of manufacturing rights
  • Net GS&A increased by 40.1%
  • Total operating expenses increased by $1,924,313 or 146.8% due to the development and marketing of new products, specifically the new Unmanned Aerial Vehicle (UAV) radiation, and chemical detection technology
  • Includes $1,440,213 of non-cash stock compensation expense

Robert Goldstein, CEO of US Nuclear Corp. commented, “We are exceptionally pleased by our performance this year in achieving new milestones and increasing sales revenue and gross profit.  We focused on developing new customer contacts for three main product categories: tritium monitors, nuclear power plant stack/area monitors, and the DroneRAD. In addition, we reduced our cost of goods and increased our manufacturing efficiency and volume to meet deadlines in our large open order backlog.  We reported a net loss only due to new operating expenses for developing and marketing our DroneRAD product line, as well as stock-based compensation and acquisition of manufacturing rights. We were $132,633 cash positive for the year. Furthermore, as our DroneRAD technology increases in popularity and use, we are beginning to see large new increases in sales and revenue from this product line which will give us even more momentum in 2019.”

US Nuclear Corp. 2018 Financial Results & Revenue Growth

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.

Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com

CONTACT:

US Nuclear Corp. (UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com

____________________________________________________

Uptick Hosts US Nuclear to Discuss Exponential Increases in Stock Value
Uptick Hosts US Nuclear to Discuss Exponential Increases in Stock Value

Uptick Newswire Hosts US Nuclear Corp. on The Stock Day Podcast to Discuss Exponential Increases in Stock Value

Phoenix, April 9th, 2019 (GLOBE NEWSWIRE) -- Uptick Newswire Stock Day Podcast welcomed US Nuclear Corp. (UCLE), a company that designs, manufactures, and markets branded, full line radiation and chemical detection and specialized advanced tritium technology for the nuclear energy industry, medicine, government and for emerging technological processes such as Thorium and Molten Salt (MSR) reactor technologies both domestically and internationally. Chairman and President, Bob Goldstein, joined Stock Day host Everett Jolly.

Jolly began the interview by noting that the Company’s stock has experienced recent increases over the last few weeks and asked Goldstein to share his take on this increase. Goldstein explained that the Company stands out due to its radiation-detecting drones. However, recently the Company has also enhanced this technology to include chemical sensors, as well as sampling collection for a variety of serious diseases. “We’re really making these drones into the drones of the future.”, stated Goldstein. This level of technology has helped the Company stand out even more, and the rising stock value shows it.

Jolly then asked about the Company’s recent focus on the Middle East. Goldstein explained that this area represents a substantial value to the Company as they are eager to use this technology to patrol their borders and assist in first responder reactions. Recently, the Company sold a fleet of these drones to the Saudi government.

Jolly then asked Goldstein about the current medical isotope shortage in the United States. Goldstein explained that the shortage is getting worse, so bad that the government is currently providing funding to advance Companies and Projects working to fill this shortage. Other than US Nuclear Corp’s project, there are only a handful of other companies in the United States that are receiving government support and recognition for this issue.

Goldstein then shared that the Company has seen an exponential rise in their stock value over the past week and believes that the medical isotope shortage and the Company’s unique solution to this problem may be part of the cause of this increase.

For 2019, Goldstein expects to experience another year of revenue growth as the awareness for the Company’s products and their importance continues to increase.

To close the interview, Goldstein shared that interested shareholders should watch this space closely. Going forward, Goldstein expects interest in the Company’s products to continue to increase, allowing them to secure an important place in the industry.

To hear Bob Goldstein’s entire interview, follow the link to the podcast here: https://upticknewswire.com/featured-interview-ceo-robert-goldstein-of-us-nuclear-corp-otcpink-ucle-8/

Investors Hangout is a proud sponsor of “Stock Day,” and Uptick Newswire encourages listeners to visit the company’s message board at https://investorshangout.com/

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.

Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com

CONTACT:

US Nuclear Corp. (UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com

____________________________________________________

About Uptick Newswire and the “Stock Day” Podcast

Founded in 2013, Uptick Newswire is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Uptick provides companies with customized solutions to their news distribution in both national and international media outlets. Uptick is the sole producer of its “Stock Day” Podcast, which is the number one radio show of its kind in America. The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire, which recently launched its Video Interview Studio located in Phoenix, Arizona.

SOURCE:
Uptick Newswire
602-441-3474

https://upticknewswire.com/

 

US Nuclear Adds Chemical, Bacterial, & Viral Detection to DroneRAD
US Nuclear Adds Chemical, Bacterial, & Viral Detection to DroneRAD

Los Angeles, CA. April 1, 2019 - US Nuclear Corp. (OTCBB: UCLE) is preparing to ship a fleet of DroneRAD systems to the Saudi Arabia Civil Defense. In addition to detecting radiation, such as radioactive gamma hot-spots or airborne particulates, US Nuclear is happy to announce these unique DroneRAD systems can also be outfitted with chemical detectors and bacterial/viral collection filters. A proprietary quick-release gimbal connector on the DroneRAD allows the operator to quickly change between sensor packages in emergency scenarios, and a special air sampling system allows the chemicals, particulates, and microbes to be collected in-flight without being disrupted by the flight turbulence.

Chemical Detection: The DroneRAD can support multiple chemical sensors at once, and includes the following list: VOC, Carbon Dioxide, Ammonia, Carbon Monoxide, Chlorine, Formaldehyde, Hydrogen, Hydrogen Sulfide, Hydrogen Cyanide, Nitric Oxide, Nitrogen Dioxide, Oxygen, Sulfur Dioxide, Methane, and more.

Biological/Viral Collection: Utilizing special viral and bacterial filters, the DroneRAD can collect these microbes and other matter at 99.99% efficiency. Postflight, the filters can be sent to a laboratory for in-depth analysis.  Microbes of interest may be anthrax, botulism, plague, staph, e-Coli, cholera, salmonella, listeria, typhus, and others.

GPS and Mapping: All measurable data, such as chemical or radioactive concentration, is GPS tagged and logged/wirelessly sent back to the operator for real-time display. Postflight, the data is overlaid on Google Earth Maps, so the operator can see a color-coded visual map of where and when the drone flew, and what the concentration was at each point.

US Nuclear Corp. and FlyCAM UAV are also participating at AUVSI XPONENTIAL 2019 on April 30 – May 2, 2019, to showcase the DroneRAD.  AUVSI XPONENTIAL is the largest trade show for unmanned and autonomous systems. Visit US Nuclear and FlyCAM UAV at Booth 2418.

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.

Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com

CONTACT:

US Nuclear Corp. (UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com

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