Press Release

  • Press Release

    Lucas Heights Reactor Shutdown Highlights Need for US Nuclear Corp. Technology

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    Lucas Heights Reactor Shutdown Highlights Need for US Nuclear Corp. Technology

    Los Angeles, CA, July 16, 2018 (GLOBE NEWSWIRE) — It was recently announced that a nuclear reactor in Australia, the Open Pool Australian Lightwater (OPAL), had temporarily shut down shipments and suspended production of a valuable medical isotope, molybdenum-99 (Mo-99).  Mo-99 decays into technetium-99m (Tc-99m), which is used by hospitals for critical nuclear medicine diagnostic procedures. The suspension was caused by mechanical problems at the site, and severely highlights the need for an alternative, stable supply of medical isotopes.

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

    OPAL is a key part of the global supply of Mo-99, which is handled by a fragile network of isotope suppliers.  Fewer than a dozen nuclear reactors supply the entire world.  Unfortunately, these isotopes cannot be stockpiled due to the relatively short half-lives; Mo-99 has a half-life of 66 hours, while Tc-99m has a half-life of only 6 hours. There is already an enormous shortage of medical isotopes, and any production problems with current suppliers drastically exacerbate the situation.

    A partnership between US Nuclear Corp. and MIFTEC aims to solve the global isotope shortage by manufacturing and selling medical isotope generators that can produce these isotopes at 50% of the current cost. MIFTEC is designing the medical isotope generator based off their parent company’s z-pinch fusion technique, which produces the high flux needed for isotope generation.  US Nuclear Corp., having over 70 years of manufacturing experience in the nuclear industry, was appointed the exclusive manufacturer for these isotope generators for N. America and Asia.

    CONTACT:

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

  • Press Release

    MIFTEC and US Nuclear Join Race to Fill $7 Billion/Year Shortage of Medical Isotopes

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    MIFTEC and US Nuclear Join Race to Fill $7 Billion/Year Shortage of Medical Isotopes

    Los Angeles, CA. June 5, 2018—US Nuclear Corp (OTCBB: UCLE) and MIFTEC recently signed a definitive agreement which formally appoints US Nuclear as the exclusive manufacturer of MIFTEC’s revolutionary medical isotope generators for North America and Asia, and makes US Nuclear a sales representative for all MIFTEC products. This definitive agreement replaces the Letter of Intent signed back in December 2017. MIFTEC’s parent company, MIFTI Nuclear Fusion, is a leader in developing fusion power and has shown that their staged Z-pinch fusion technique produces high neutron flux which can be used to produce medical isotopes at a fraction of the cost of current methods.

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

    There are two main uses for medical isotopes: diagnosis and treatment. Diagnostic procedures using radioisotopes are now routine, and can be used to examine blood flow to the brain, functioning of the liver, lungs, heart, or kidneys—the advantage over other techniques being that you can image both bone and soft tissue, and assess what is happening physiologically. The most prominent treatment application is for cancer, using radiation to weaken or destroy targeted cancer cells.

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    US Nuclear Appointed To SelL zNOSE® High-Speed GC Chemical Sniffers

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    US Nuclear Appointed To SelL zNOSE® High-speed GC Chemical Sniffers

    Los Angeles, CA. May 21, 2018 – US Nuclear Corp. (OTCBB: UCLE) and Electronic Sensor Technology Inc. have signed a worldwide sales representative and resale agreement giving US Nuclear non-exclusive rights to sell the revolutionary, high-speed zNose®chemical sniffers.

    The zNose®chemical sniffers recently featured in CBS Television’s CSI Miami, use advanced Surface Acoustic Wave sensors and ultra-fast gas chromatography to separate and analyze vapor samples in near real-time. The patented technology detects all compounds within an odor to provide a complete chemical profile, and the software includes an expandable library of over 700 chemicals and odor signatures, allowing the zNose to recognize virtually any target odor.

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  • Press Release

    US Nuclear Corp. Announces 2017 Annual Financial Results

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    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.”

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    US Nuclear Receives New Orders for Replacing Competitor Equipment

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    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.

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    US Nuclear Expands in China

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    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

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