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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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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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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

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

US Nuclear & Nucsafe Announce Strategic Cooperation/Marketing Alliance

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

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

Aerial Radiation and Chemical Detection