US Nuclear Appointed To SelL zNOSE® High-speed GC Chemical Sniffers
US Nuclear Corp. Announces 2017 Annual Financial Results
Los Angeles, CA. April 19, 2018 – US Nuclear Corp. (OTCBB: UCLE)
2017 Annual Highlights
- Total sales revenue of $3,070,646, an increase of 46.4% compared to the previous year
- Gross profit for 2017 was $1,344,913, an increase of 72% compared to the previous year
- Profitable net income of $10,130
- The gross margin increased to 43.8% as compared to 36.9% the previous year
- General and administrative expense increased by 17.2% due to costs in developing and marketing new products, specifically the Drone-RAD UAV line
“We’re thrilled to report on a successful year in 2017 with total sales revenue growth of 46.4%,” commented Robert Goldstein, CEO of US Nuclear Corp. “The increase in revenue was due to robust sales of our signature air monitors to nuclear power plants in addition to the popular demand of our tritium air monitors, which included a large contract with the USAF. Gross margin is increasing as we finish R&D on several new products that are being brought to the market. Overall, 2017 was a very strong year for us, but we are not at our full manufacturing capacity yet and will focus our efforts in 2018 to increase the volume even further by capturing more of the global tritium monitor market, focusing on business from the new power plant and fusion development, and introducing our new products mentioned above.”
US Nuclear Receives New Orders for Replacing Competitor Equipment
Los Angeles, CA, March 22, 2018 (GLOBE NEWSWIRE) — Recently, US Nuclear Corp. (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.
US Nuclear Expands in China
Los Angeles, CA. February 20, 2018 – In early January 2018, the CEO of US Nuclear Corp. (OTC: UCLE) flew to Beijing, China with the purpose of discussing how US Nuclear can help improve Chinese nuclear customer’s access to the advanced, high-quality, more competitively priced products they need in order to meet China’s aggressive power plant construction growth targets. The goal is to expand USN offerings and to achieve substantial growth for US Nuclear markets in China beginning in 2018 and into the longer term.
Discussions are scheduled to continue in March as US Nuclear will attend Nuclear Industry China, a 4-day event being held from March 28-31, 2018, at the China International Exhibition Center in Beijing. This event allows US Nuclear to showcase its products for major industry sectors including:
- Nuclear Power Plant and Fuel Cycle Equipment for Uranium, Thorium, Fusion Featuring Smokestack, Liquid effluent, and Tritium monitors
- Hospital, Medical, and Biotech Featuring products used in Diagnostic Imaging and Oncology departments
- Environmental Monitoring and Protection Systems Featuring All-weather Drones with chemical and radiation sensors Systems for the protection and safety of rivers, lakes, and drinking water systems
Us Nuclear Corp Secures Manufacturing Resources
With Its Eye Towards Large Government Contracts
Los Angeles, CA. November 2, 2017—US Nuclear Corp (OTCBB: UCLE) and Nucsafe Inc announce the formation of a powerful alliance between the two complimentary companies. Robert Goldstein, president/CEO of US Nuclear Corp, and Lester Sideroplous, president/COO of Nucsafe, signed the strategic cooperation and marketing alliance agreement that was made effective as of September 20, 2017.
LOS ANGELES, CA / ACCESSWIRE / November 30, 2017 / US Nuclear Corp. (OTC PINK: UCLE) has announced it will be presenting at the annual LD Micro Main Event on December 7, 2017, at 10:30 AM. The event will take place at the Luxe Sunset Boulevard Hotel, located in Los Angeles, CA.
Robert Goldstein, president, and CEO of US Nuclear Corp. will be meeting with investors and presenting information on the current and future operation of the company. Mr. Goldstein will discuss exciting new advances in the company's aerial/drone detection technology - including new tools for search and rescue and emergency response. Other topics in the presentation will include the company's progress in the China market, new breakthrough products for the medical field, and qualifying for large government/nuclear power contracts.
Aerial Radiation and Chemical Detection
The newest product development of US Nuclear Corp is the incorporation of radiation and chemical sensors with drone mounted platforms. Serving a variety of industries this partnership of technology is creating a revolutionary new industry: Aerial Radiation and Chemical Detection. US Nuclear Corp’s Strategic Alliance with FlyCam UAV provides a comprehensive flight package to the customer that flies commercial heavy lift drones in all-weather, heavy winds, and with a heavy payload. This provides the opportunity to fly multiple sensors at one time with real-time wireless download. The benefits of this commercial heavy lift, all-weather drone technology are limitless: aerial radiation and chemical detection, search and rescue, assisting First Responders, aerial cinematography production etc.
US Nuclear Corp signs letter of intent to manufacture MIFTEC medical isotope generatorsDecember 13, 2017by John Fischer , Staff Reporter
The 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.”
Los Angeles, CA. October 16, 2017 - US Nuclear Corp. (OTCBB: UCLE)
US Nuclear Corp is preparing to make the first partial shipment of portable tritium air monitors to be used by the U.S. Air Force. The first shipment will consist of (10) units, and is scheduled to be delivered by October 31, 2017. The total contract of $722,500 is for (100) units total, and additional partial shipments of (15) units have been scheduled every month until the quota is met next March, 2018.
“We are very eager and excited to make our first shipment of tritium monitors for the USAF,” remarked Robert Goldstein, President and CEO of US Nuclear Corp. “This order represents a sizeable quantity for us, but we were able to smoothly accommodate the large quantity due to our organized quality management system. We successfully allocated our production schedule so that we can steadily produce 15 units to be shipped every month, while simultaneously completing all other current jobs on the backlog. The prepaid partial shipments every month will continue to produce a steady stream of cashflow for a strong finish in 2017.”
US Nuclear Corp’s portable tritium in air monitors are also used by other government agencies such as the US Army, US Navy, French Navy, NASA, NIST (National Institute of Standards and Technology), EPA (Environmental Protection Agency), and (IAEA) International Atomic Energy Agency.