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January 31, 2018 | no comments | Article | 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.

December 29, 2017 | no comments | Article | by: ian@overhoff.com

View US Nuclear Corp.'s profile at https://www.ldmicro.com/profile/UCLE.

News Compliments of ACCESSWIRE.

About LD Micro

LD Micro was founded in 2006 with the sole purpose of being an independent resource in the microcap space. What started out as a newsletter highlighting unique companies has transformed into several influential conferences annually.

In 2015, LDM launched the first pure microcap index (the LDMi) to exclusively provide intraday information on the entire sector.

For those interested in attending, please contact David Scher at david@ldmicro.com or visit www.ldmicro.com/events for more information.

This press release may contain certain forward-looking statements, including statements with regard to the future performance of CODI. Words such as "believes," "expects," projects," and "future" or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the risk factor discussion in the Form 10-K filed by CODI with the SEC for the year ended December 31, 2016 and other filings with the SEC. Except as required by law, CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

US Nuclear Corp. (OTC PINK: UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Ph: (818) 883 7043
Email: info@usnuclearcorp.com
www.usnuclearcorp.com

SOURCE: US Nuclear Corp.

Nucsafe Brief Company Profile:

Since 1999, Nucsafe has been focused on nuclear security markets including border, port security, mobile and aerial monitoring and specialized portable applications. Nucsafe manufactures radiation measurement systems for the nuclear safeguards industry, law enforcement and federal agencies tasked with providing nuclear safety and protecting public security. The company has grown to more than 60 employees in the last 6 years including technical and professional staff with decades of experience in commercial nuclear instrumentation and gamma spectroscopy. ISO certification is in place and both facilities. Proven production capacity of 30 systems per month and a current manufacturing capacity to produce 100 systems per month.

CONTACT:

US Nuclear Corp. (OTCBB: UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Ph: (818) 883 7043
Email: info@usnuclearcorp.com
www.usnuclearcorp.com

Nucsafe Inc
Lester Sideroplous, President, COO
Ph: (865) 220 5050
Email: lsidero@nucsafe.com
www.nucsafe.com

December 15, 2017 | no comments | Article | by: ian@overhoff.com

The goal of this alliance will be to strategically assist each other in promoting, building, selling, and servicing radiation detection equipment in the USA and around the world. Benefits of this cooperation include:

  1. Bigger footprint will allow for qualifying and bidding on significantly larger government and industry contracts, especially those that require quick shipment.
  2. Cross selling each other’s products.
  3. Providing complimentary products for customer convenience—a “one-stop shop.”
  4. Sharing engineering and marketing/sales experience, for both domestic and international markets.
  5. Cooperating on joint development projects, such as filling out the US Nuclear suite of instruments to outfit new nuclear power plants.
  6. Operating facilities in this alliance include: Los Angeles CA, Cincinnati OH, Oakridge TN, Corbin KY, and Beijing China.
  7. Combined manufacturing and warehouse space:   65,000 sq ft (1.45 acre indoor space)
  8. Combined work force:   75 employees
  9. Combined annual sales about: $20 million USD

Nucsafe Brief Company Profile:

Since 1999, Nucsafe has been focused on nuclear security markets including border, port security, mobile and aerial monitoring and specialized portable applications. Nucsafe manufactures radiation measurement systems for the nuclear safeguards industry, law enforcement and federal agencies tasked with providing nuclear safety and protecting public security. The company has grown to more than 60 employees in the last 6 years including technical and professional staff with decades of experience in commercial nuclear instrumentation and gamma spectroscopy. ISO certification is in place and both facilities. Proven production capacity of 30 systems per month and a current manufacturing capacity to produce 100 systems per month.

CONTACT:

US Nuclear Corp. (OTCBB: UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Ph: (818) 883 7043
Email: info@usnuclearcorp.com
www.usnuclearcorp.com

Nucsafe Inc
Lester Sideroplous, President, COO
Ph: (865) 220 5050
Email: lsidero@nucsafe.com
www.nucsafe.com

 

December 1, 2017 | no comments | Article | by: ian@overhoff.com

Aerial Radiation and Chemical Detection

November 15, 2017 | no comments | Article | by: ian@overhoff.com

US Nuclear Corp signs letter of intent to manufacture MIFTEC medical isotope generators

by John Fischer , Staff Reporter

he radiation detection holding company signed a letter of intent last week with MIFTEC, whose parent company is Magneto-Inertial Fusion Technologies Inc. (MIFTI) Nuclear Fusion, for the sole manufacturing rights of its generators. These utilize its Staged Z-Pinch fusion technique to produce a high number of neutrons, which can then be used to create medical isotopes. “One of the reasons that we’re so excited to be constructing this agreement is that MIFTI and MIFTEC have developed a procedure for producing a large flux of neutrons from a very small footprint,” Robert I. Goldstein, president, CEO and chairman of US Nuclear Corp, told HCB News. “The plan is to build these radioisotope generators and sell them for maybe $6-$10 million each. If you want to put up a nuclear reactor, you’re talking hundreds of millions of dollars to make the initial investment.”

Health care currently faces risks of shortages in isotopes, preventing millions of patients from undergoing diagnostic scans and treatment. The situation is partly due to shortages and deteriorating sources of these substances from Russia, Belgium, Canada and South Africa, with the number of nuclear reactors globally few and far between, and existing ones aged. No manufacturers or suppliers exist in the U.S., partially due to strict rules and the need to obtain various forms of permission, according to Goldstein.

The concept of Staged Z-Pinch fusion consists of a zeta pinch, a type of plasma confinement system that uses an electrical current in the plasma to generate a magnetic field. The magnetic field and a shock wave compress the gasses in the system, in which an outpouring of neutrons derive from and instigate the transmutation of isotopes, thereby creating radioisotopes.

MIFTI’s version of the Staged Z-Pinch fusion technique may produce fusion energy, which is fueled by hydrogen. Fusion power is expected to be cleaner and more affordable compared to fission power, which is derived from uranium and plutonium and is the main source behind the production of current medical radioisotopes.

Advanced Research Projects Agency-Energy (ARPA-E), a U.S. government branch tasked with funding research and development of advanced early technologies, has recognized and awarded MIFTI for its approach and quick progression toward fusion energy by providing a nearly limitless supply of clean, domestic power.

MIFTEC and US Nuclear Corp believe that using the system will cut the current cost of producing radioisotopes by fifty percent or more, enabling greater access among individuals to medical isotope diagnostics and treatment, and potentially putting an end to the shortage.

“We’re going to be able to make pretty much every different isotope,” said Goldstein. “One of the beauties of our system is that all the neutrons come out of the same energy, and with filtration we can bring that energy down near the excitation energy required for each different nuclide that somebody wants. With a reactor, it’s just random. You get high energy, low energy. With ours, you get a fixed energy, and using filters, we can lower that to precisely the excitation energy that we’re looking for.”

The signing also grants US Nuclear Corp a ten percent stake in MIFTEC Inc., as well as an option to buy a higher portion of the company in the future.

A final agreement is expected to be completed in January 2018.

Click here for full article.

CONTACT:

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