Comments Off on US Nuclear’s Drone System Pinpoints Methane Emissions and Leaks to Help Fight Climate Change
by usnuclearadmin
Los Angeles, CA. November 22, 2021 – At the recent COP26 climate change conference, the US and China unexpectedly unveiled a joint plan to accelerate their actions and work together to combat climate change. Their agreement features the reduction of methane emissions, and US Nuclear (OTCQB: UCLE) is ready to help support this goal through its Climate Drone with a laser-based methane detection system. On November 2, 2021, the US EPA proposed sweeping new standards to reduce manmade methane emissions from the oil and gas industry.
Comments Off on US Nuclear Corp. Announces Third Quarter 2021 Results
by usnuclearadmin
Los Angeles, CA. November 15, 2021 – US Nuclear Corp. (OTCQB: 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, 2021.
Sales for the three months ended September 30, 2021, were $683,771 compared to $484,318 for the same period in 2020, an increase of $199,453 or 41.2%
Sales revenue continues to increase as the company recovers from COVID-19
Selling, general, and administrative expense were $747,290 compared to $1,021,507 for the same period in 2020, the decrease of $274,217 or 26.8% was principally due to a decrease in stock-based compensation
During the three months ended September 30, 2021, stock-based compensation was $72,250 compared to $542,560 during the same period in 2020
Net loss of $444,383 compared to $850,386 for the same period in 2020
Robert Goldstein, CEO of US Nuclear Corp., commented:
“We had a very strong and productive third quarter, with sales revenue up 41.2% over the same period in 2020. While we are still affected by COVID-19 and supply chain issues, we continue to increase our revenue as we adapt and recover. September was a particularly busy month for us as we delivered on government contracts due by their fiscal year-end (September 30). We will keep up the momentum throughout the rest of the year as we work on fulfilling a large order backlog and several major contracts due by the calendar year-end. Recent news has focused on climate change, slowing global warming and tackling methane emissions, and we will address how US Nuclear is supporting climate change actions.”
Safe Harbor Act
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Comments Off on US Nuclear Proudly Joins RAD-Responder Network, Securely Reporting Realtime Drone Data to U.S. DOE, NNSA, DTRA, EPA, FEMA, and Air Force
by usnuclearadmin
Los Angeles, CA. November 9, 2021 – US Nuclear (OTCQB: UCLE) recently partnered with the Ohio Department of Health (ODH) Radiation Emergency Preparedness Team to conduct a multi-agency flight training operation at the Calamityville Training Center in Ohio on June 22-23, 2021, showcasing USN’S unique ability to fully integrate its radiation payload data by connecting directly to the RadResponder Network. US Nuclear is currently the only drone vendor that has done this. The training exercise involved US Nuclear’s DroneRad system flying a perimeter around crashed vehicles to measure, map, and report the fallout from a radiological hazard.
Participants of the training operation included: US Air Force, US Nuclear Corp, Ohio Department of Transportation, Ohio Department of Health, and Wright State University.
The RadResponder Network is the national standard for the management of radiological data, created by a collaboration between FEMA, DOE, NNSA, EPA, and DTRA. It enables organizations to rapidly and securely record, share, and aggregate large quantities of data while managing equipment, personnel, interagency partnerships, and multijurisdictional event space.
With RadResponder, radiological hazards measured by US Nuclear’s drone systems are reported real-time to all relevant agencies (state, federal, local), allowing them to rapidly identify and react to threats.
Pictured above is a flight training operation performed with US Nuclear equipment at the Ohio Training Center. The scenario features a jet plane that has crashed with a radiological hazard. US Nuclear’s DroneRad flew an automatic search pattern to measure the fallout of the radiological hazard, with color-coded mapping software showing exactly where the hazard is.
US Nuclear has been enjoying increased interest and sales of their DroneRad system due to its unique detection and mapping of radiological, biological, and chemical hazards and ability to connect to RadResponder for radiation safety and defense. ODH recently purchased a DroneRad system from US Nuclear. US Nuclear provides drone systems that feature a truly outstanding 7-hour flight time and range of up to 10 miles depending on local regulations.
Benefits of US Nuclear’s DroneRad System:
Fast and cost-effective coverage of large areas
High sensitivity and identification of the type of radiation
Worker protection
Fast deployment prior to First Responder’s entering hazardous areas
Ability to quickly and safely search out and detect a radioactive source in a vehicle or building
Enhanced and cost-effective maintenance surveys for Nuclear Power Plants, Radiation Waste Repositories, Uranium Mines, Waste Disposal areas, etc.
Wireless data download to ground station or First Responder cell phones
Data archive and retrieval for historical documentation
Safe Harbor Act
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
