Month: January 2021
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Visualizing the world’s water security threat
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US Nuclear 2020 Year-End Shareholder Letter
US Nuclear 2020 Year-End Shareholder Letter
LOS ANGELES, CA / ACCESSWIRE / January 19, 2021 / US Nuclear Corp. (OTCQB:UCLE)
Dear US Nuclear Corp. Shareholders,
The very challenging year of 2020 has finally come to an end and our hearts and prayers go out to all COVID-19 victims, families, and friends. After such a tumultuous year for everyone, it is only appropriate to give you an update on US Nuclear’s operations and strategic goals moving forward.
COVID-19 restrictions, precautions, and confusion caused a stall in US Nuclear Corp’s manufacturing process, which in turn, caused significantly lower revenues than our 2018 & 2019 levels. During this period, in order to protect our workers, we reduced the number of working staff, rotated work schedules, and hoarded our cash-on-hand. As with many other companies, US Nuclear has office personnel working partially or entirely at home, but we are manufacturers and much of our work is done in our Los Angeles and Cincinnati plants. We have been solely focused on returning our operations and sales to full normality, whether our employees are working in-office or from home. Towards the end of Q4 2020, bookings and quote requests were increasing, so we are expecting 2021 to be a cash-positive growth year.
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New Policy Sets in Motion Nuclear Space Travel and Colonization
New Policy Sets in Motion Nuclear Space Travel and Colonization
LOS ANGELES, CA / ACCESSWIRE / January 11, 2021 / On December 16, 2020, the White House issued Space Policy Directive-6 (SPD-6), which outlines a national strategy for using space nuclear power and propulsion (SNPP) systems in a safe and effective manner. The new policy directive confirms the United States’ commitment to using SNPP systems and establishing nuclear power stations on the moon and beyond, which is good news for US Nuclear (OTCQB: UCLE) and partner MIFTI, who have designed and are testing thermonuclear fusion power generators.
Scott Pace of the National Space Council, commented “Space nuclear power and propulsion is a fundamental enabling technology for American deep-space missions to Mars and beyond. The United States intends to remain the leader among spacefaring nations, applying nuclear power technology safely, securely, and sustainably in space.” The key factor for enabling space travel is the new nuclear-powered propulsion systems, as traditional chemical-powered rocket fuels are hopelessly weak. DARPA, NASA, and the US Space Force have recently gotten serious and deployed the nuclear option. Why? Nuclear fuels and nuclear power systems, such as the highly-regarded MIFTI Z-pinch fusion reactor, can deliver 10,000,000 times the work (or energy) per payload pound than the chemical rocket fuels now used by Musk’s Space-X, Bezos’s Blue Origin, Branson’s Virgin Atlantic, as do Lockheed and Boeing.