Month: December 2020

  • Article

    US Nuclear Eyes Moon Missions

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    US Nuclear Eyes Moon Missions

    Fusion the energy of choice for NASA space travel plans.

    By MARK R. MADLER Staff Reporter

    Radiation detection manufacturer US Nuclear Corp. is getting behind the U.S. space program.

    The Canoga Park company, through its partners Magneto Inertial Fusion Technologies Inc. and MIFTEC Laboratories Inc., is promoting the use of a new type of fusion energy that can be used to power spacecraft to Mars and for colonies on that planet as well as the moon.

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  • Blog

    Radiation in Water – A Real Risk

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    Radiation in Water – A Real Risk

    Radiation in Water – A Real Risk

    Radiation in Water – A Real Risk

    The question when introducing US Nuclear Corp’s real-time continuous water monitors to municipal water utilities is, ‘why do we need an instrument like this?  We don’t have radiation in our drinking water or wastewater.’

    Our question is ‘how do you know if you don’t monitor the water’. Typical monitoring is 4 times a year per EPA’s Clean Water Act. A water sample is pulled and sent to a lab for testing. Not a very timely or cost-effective method.

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  • Blog

    Hydrofracking and Water:

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    Hydrofracking and Water:

    HYDROFRACKING & WATER:

    What is the cost in contaminating our water?

    By Penelope Randall, Environmental Specialist, US Nuclear Corp

    Hydrofracking demands for water use is up 770 percent since 2011 according to a 2018 peer reviewed study out of Duke University. The use of millions of gallons of water and sand infused with up to 1,000 different toxic chemicals is used to fracture shale rock and release the trapped gas or oil.

    The wastewater, brine, and sludge are then returned to the surface and in need of disposal. Unfortunately, there is not yet a clear and safe method of disposal or storage. In many places this wastewater is reinjected into deep underground wastewater wells. There is mounting evidence that this method of disposal may be responsible for earthquakes and pollution of groundwater in some locations. The exponential growth of the hydrofracking industry and its practices constitutes a growing problem.

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  • Press Release

    US Space Force and NASA Looking to Privatize Nuclear Spacecraft Production

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    US Space Force and NASA Looking to Privatize Nuclear Spacecraft Production

    LOS ANGELES, CA / ACCESSWIRE / December 7, 2020, / US Nuclear (OTCQB: UCLE) is the prime contractor to build MIFTI’s fusion generators, which could be used in the relatively near future to power the propulsion systems for space travel and provide plentiful, low-cost, clean energy for the earth and other planetary bases once our astronauts get to their destination, be it the moon, Mars, Saturn or beyond. Chemical-powered rockets opened the door to space travel, but are still far too slow and heavy even to travel to distant planets within our solar system, let alone travel to other stars. Accordingly, NASA is now looking for nuclear-powered rockets that can propel a space vessel at speeds close to the speed of light and thermonuclear power plants on the moon and Mars, as these are the next steps towards space exploration and colonization.

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  • Press Release

    US Nuclear Corp. Announces Third Quarter 2020 Results

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    US Nuclear Corp. Announces Third Quarter 2020 Results

    Los Angeles, CA. December 1, 2020 – US Nuclear Corp. (OTC: UCLE), a leading manufacturer of advanced radiation, chemical, and biological detection and UAV instrumentation, recently announced the financial results for the third quarter ended September 30, 2020.

    • Sales for the three months ended September 30, 2020, were $484,318 compared to $659,325 for the same period in 2019
    • Decrease in sales due to the impact of COVID-19 on the company and customers
    • Employee work hours reduced by half to help mitigate COVID-19 exposure and transmission, in addition to 14-day quarantine periods for employees who may have been exposed
    • Selling, general, and administrative expense were $1,021,507 compared to $1,729,246 for the same period in 2019, the decrease of $707,739 or 40.9% was due to careful money management and lower stock-based compensation
    • Stock-based compensation was $542,560 for the three months ended September 30, 2020, compared to $1,150,321 during the same period in 2019
    • Net loss of $850,386 due to impact of COVID-19
    • $309,632 in accounts receivable, $484,012 in cash, and $1,132,000 in backlogged orders

    Robert Goldstein, CEO of US Nuclear Corp., commented:

    “Despite many challenges imposed by COVID-19, we managed to have a safe and productive third quarter.  The temporary closure of one of our operating divisions reduced and staggered worker hours, and 14-day self-quarantine periods have fortunately proved successful in ensuring all our workers are safe and COVID-19 free, and while these factors have led to a temporary slowdown in sales and production, the safety of our employees and their families is our highest priority.
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