Archive for Category: News Release
US Nuclear Receives New Orders for Replacing Competitor Equipment

March 22, 2018 | no comments | Blog News Release | by: TamarackAdvisors

Los Angeles, CA, March 22, 2018 (GLOBE NEWSWIRE) — Recently, US Nuclear Corp. (OTC: UCLE) received orders for new tritium monitoring equipment from Schlumberger for $93,150 and Korea Hydro & Nuclear Power (KHNP) for $307,922, totaling just over $400,000.  In each case, the user chose US Nuclear’s equipment to replace units manufactured by a competitor.  Overhoff Technology Corporation, the subsidiary of UCLE that manufactures the tritium monitors, provides the largest selection of tritium monitors in the world, and has a well-known history of reliability and performance.  Founded in 1972, Overhoff has more experience than any other tritium manufacturer in the world designing and building tritium monitors, which has allowed them to perfect the art of assembling these complex and challenging instruments.  Furthermore, Overhoff is now the only company in the United States specializing in the manufacture of tritium monitors.

Tritium monitors are required for any application where tritium is used or is present, to ensure the health and safety of the users and the public.  These applications include: nuclear power reactors, tritium processing facilities, manufacturing (such as self-powered lighting sources), biomedical and academic research, water treatment/groundwater monitoring, nuclear fusion, and nuclear weapons.  Accurately measuring the tritium concentration in these applications is essential, which is why it is so important to have reliable monitors with a good track record, such as Overhoff.

Over time, tritium monitors can fail, wear out, get contaminated, or even become obsolete due to the manufacturer not supporting them anymore, at which point they need to be replaced.  There are also customers who simply want to upgrade their old or current equipment to utilize the newest advances in technology, or who lose confidence in their current supplier due to performance or reliability issues and want to change.  Overhoff is in a prime position to provide replacement tritium monitors for any of these instances, and has actually recently received a drastic rise in requests ever since one of Overhoff’s competitors in the U.S. stated they are discontinuing support of their old line of tritium monitors.

Overhoff introduced the “Triathalon” system in 2014, which is an upgraded interface that includes a color touch-screen LCD display and an integrated computer in place of the analog controls and digital display.  With the superior functionality of the Triathalon, Overhoff hopes to accelerate this replacement trend.

CONTACT:
US Nuclear Corp. (OTCBB: UCLE)
Robert I. Goldstein, President, CEO, and Chairman 
rgoldstein@usnuclearcorp.com

Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com

CAUTIONARY DISCLAIMER STATEMENT:

No Securities Exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the failure to satisfy the conditions of the relevant securities exchange(s) and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.

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US Nuclear (OTCMKTS:UCLE) Has Become Investor’s Preferred Choice

January 31, 2018 | no comments | Blog News Release | by: ian@overhoff.com

Company Profile

US Nuclear Corp. founded in February 2012 and is headquartered in Canoga Park, California. The company designs builds and manufactures radiation safety and monitoring instruments. It provides a full line of radiation detection equipment and services to clients industries such as nuclear reactor plants, universities, local and state hospitals, government agencies, the military and emergency medical technicians or EMT/first responders. Its products include Radiation Water Monitors; Tritium Monitors; Alpha, Beta, Gamma and Tritium Monitors; DroneRAD Aerial Radiation Detection; Air and Water Monitors; Vehicle Monitors, Personnel Monitors, Exit Monitors and Room Monitors; Radon Air Monitors and Radon Switch Products; Handheld Survey Meters and Personal Dosimeters, Pocket Micro-R Meters, as well as Port Security Equipment, and software solutions. It operates through the Optron and Overhoff segments. The Optron segment is located in Canoga Park, California. The Overhoff segment is located in located in Milford, Ohio.

It also provides vehicles, personnel, exit, and room monitors; radon air monitors and radon switch products; handheld survey meters, as well as personal dosimeters and pocket Micro-R meters; and port security equipment. Also, the company offers software, which measures gamma and neutron radiation levels; airborne radioactivity levels; temperature and humidity in the facility; status of security doors; wind speed and direction; and barometric pressure. Its products and services are used in nuclear reactor plants, universities, local and state hospitals, government agencies, and emergency medical technicians/first responders, as well as in airports, cargo, screening at ports and borders, and other critical infrastructure.

Recent Developments

Very recently, the company signed a letter of intent with MIFTEC to become the exclusive contractor to manufacture medical isotope generators in the nuclear medicine market. MIFTEC’s parent company, MIFTI Nuclear Fusion, was recognized and awarded by the U.S. ARPA-E for their innovative approach and rapid progress towards fusion energy, which could provide a nearly limitless supply of clean, domestic power. MIFTI has shown that its Staged Z-Pinch fusion technique will produce high neutron flux, which in turn can be used to produce medical radioisotopes.

MIFTEC released a comment explaining that there is a terrible shortage of medical scanning isotopes which mean millions of patients are unable to get the diagnostic scans and treatment they need due to the shortage and deteriorating sources of medical isotopes from Russia, Belgium, Canada, and South Africa.

It is believed that MIFTEC’s breakthrough solution could solve this medical isotope shortage, and at a fraction of the cost. MIFTEC believes it can cut the current cost of producing radioisotopes by at least 50%, thereby allowing even greater access to individuals that need them.

US Nuclear Corp. will also acquire a 10% interest in MIFTEC, and is working with BMA Securities to raise funds on a best efforts basis.

In July 2017, it was awarded a $0.7 million contract to supply the U.S. Air Force with a new fleet of portable Tritium air monitors, bringing their current order backlog up to $2.4 million. The new monitors will replace the fleet of obsolete instruments currently being used. Sandia National Laboratories was enlisted to help the USAF in testing and selecting an appropriate replacement model, and after several years of deliberation, US Nuclear (Overhoff division) was awarded the contract.

Robert Goldstein, CEO of US Nuclear Corp commented that it was an honor for its instrument to be selected as the best by Sandia and the USAF, who enlist some of the smartest people in the instrumentation industry. He added that in spite of the difficulty in receiving the contract, management remained confident in the quality and performance of its product. Units will be delivered in partial shipments every month throughout the rest of the year until the quota is met, with payment prior to each shipment to generate cash-flow and keep momentum strong through 2017.

The portable tritium monitors are a critical safety instrument, measuring tritium concentration in the ambient air by pumping the air through a set of ionization detectors. An audible and visual alarm will sound if levels exceed the alarm limit, warning the user to evacuate or take action.

Company Financials

The firm’s statement of comprehensive income reveals that revenues dropped by 21% year on year, falling from $2.65 million to $2.1 million in 2016. This as well as some non-recurring expenses led to a net loss of $1.6 million during the year.

The firm is very highly leveraged with its liabilities consisting 90% of its capital. Its high liquidity of 2 remains a source of assurance to investors that the business is capable of financing its immediate operating costs

Conclusion

UCLE’s success in winning the contract with the US Airforce demonstrates that the company will be successful for a while yet.

We will be updating our subscribers as soon as we know more. For the latest updates on UCLE, sign up below!

Disclosure: We have no position in UCLE and have not been compensated for this article.

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SNNLive Interview with US Nuclear Discussing Alliance with Flycam UAV

October 25, 2016 | no comments | Blog News Release | by: ian@overhoff.com

SNNLive Interview with US Nuclear Discussing Alliance with Flycam UAV

LOS ANGELESOct. 25, 2016 /PRNewswire/ — StockNewsNow.com, The Official MicroCap News Source™, today published an SNNLive Video Interview with Robert Goldstein, CEO of US Nuclear Corp. (OTCBB: UCLE), a manufacturer of advanced radiation and chemical detection instrumentation, according to the Company’s website (see here: www.USNuclearCorp.com), and Jeri Donaldson, CEO of Flycam UAV, utilizes aerial imaging systems to deliver everything from footage for film and television to agricultural and industrial inspections, according to the company’s website (see here: www.flycamuav.com). The video interview was recorded in our studio in Los Angeles, CA on Friday, October 7th, 2016.

Click the following link to watch the SNNLive Video Interview on StockNewsNow.com:

Update with US Nuclear Corp. – Radiation and Chemical Detection Company Discusses Strategic Alliance with Flycam UAV

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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 StatesChinaCanadaSouth KoreaArgentinaRussia and others.

For more information and company description, please visit: www.USNuclearCorp.com

Article also on Yahoo, https://yhoo.it/2fSSEzv

And SNN (Stock News Now), http://bit.ly/2fmBkyO

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Commercial UAV Company Teams Up With Radiation Detection Co.

September 29, 2016 | no comments | News Release Tech | by: ian@overhoff.com

SoCal Commercial UAV Company Teams Up With a Radiation Detection Company to Create a Groundbreaking UAV

You may have seen FlyCam UAV’s aerial production work, but the UAV company that’s known for its stunning cinematography recently partnered with US Nuclear Corp ( OTCBB : UCLE ) to create a new device that’s right out of the movies — and can save real lives.

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