Comments Off on US Nuclear January 2022 Shareholder Letter
by usnuclearadmin
Los Angeles, CA / January 12, 2022 / US Nuclear Corp. (OTCQB: UCLE)
Dear US Nuclear Corporation Shareholders,
Here we are. It is a new year and we wish all of you a safe, happy, and prosperous 2022. Unfortunately, the COVID pandemic is still affecting us all. Please stay well if you can. Our prayers go out to all those we have lost and their families.
On to business:
The COVID pandemic knocked down our revenue in 2020 due to shutdowns, restrictions, and precautions in response to the pandemic. The effects of the pandemic continued into 2021 due to supply chain and labor shortage problems. However, we are on our way back.
Comments Off on US NUCLEAR Closes Deadly Security Gaps by Monitoring Toxic Materials at Our Points of Entry
by usnuclearadmin
Los Angeles, CA. December 20, 2021 – US Nuclear Corp. (OTCQB: UCLE) uses the newest technologies to provide a wide variety of sensors to detect toxic or dangerous materials, for protecting all our points of entry including airports, seaports, sports stadiums, political conventions, and other large gatherings at risk from criminal or terrorist attacks. Included in US Nuclear’s lineup are the following systems for detecting radioactive materials, chemical and biological toxins, war gases, drugs, and explosives:
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.
Comments Off on US Nuclear’s Partner Grapheton Accelerates Product Development with New CEO
by usnuclearadmin
Los Angeles, CA. October 25, 2021 – US Nuclear’s (OTCQB: UCLE) partner Grapheton recently hired a new CEO, Terry Lingren, to accelerate product development by raising funds and allowing founder and CTO Sam Kassegne to focus on research and development.
Sam is the creative genius behind Grapheton’s glassy carbon supercapacitor technology that can benefit us all by speeding up EV chargers, augmenting or replacing EV onboard batteries, developing a new generation of computer chips with tiny supercapacitors, and advancing the treatment of neurological diseases and brain, spinal, and prosthetic cases. Mr. Lingren has significant experience raising capital, growing profitable businesses, and bringing high-tech products to market-clearing the way for rapid product development at Grapheton. Sam and Grapheton are also assisted by a scientific advisory board of 5 prestigious members specializing in fields such as bioengineering, neural technology, rehabilitative technology and medicine, microfabrication, and commercializing cutting-edge technology.
Grapheton is in several emerging industries (brain-computer interface, neural probes, and devices, supercapacitors for EV charging, and computer chip applications) which are clear opportunities for investors. Looking forward, Grapheton expects to have a number of income streams from these emerging industries where its patents and disruptive high-tech products and services are highly needed.
Founded in 2019, Grapheton is an early-stage company commercializing brain probes and power sources made from glassy carbon and graphene. These probes are completely biocompatible, corrosion-resistant, and non-toxic and can remain in the body for over ten years, unlike other probes which must be replaced every two years or less. Dr. Kassegne, a professor at San Diego State University who had served as Deputy Director of the National Science Foundation’s Center for Neurotechnology, has worked for over ten years with collaborators at the University of Washington and Massachusetts Institute of Technology (MIT). He and his team have three patents around the use of glassy carbon for brain probes and supercapacitors, as well as interconnecting glassy carbon with graphene.
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’s Partner, Grapheton, Appoints New Top Gun
by usnuclearadmin
Los Angeles, CA. October 18, 2021 – US Nuclear’s (OTCQB: UCLE) partner Grapheton, Inc., a pioneer in carbon-based biocompatible probes and power sources for brain-computer interfaces (BCI), today announced that Terry Lingren has been appointed Chief Executive Officer.
Mr. Lingren joins Grapheton with a proven track record of leadership in growing technology startups from concept through the market entry and high-volume manufacturing. He was the founding CEO of Resonant Inc. (NASDAQ: RESN) in 2012 and led it through its initial public offering in 2014 before retiring in 2017. Prior to Resonant, Mr. Lingren held executive and engineering positions at Qualcomm Inc. and Kyocera Wireless Corporation that led from the initial cellphone concept into dozens of products shipping millions of units per year.
“Terry’s experience in growing highly technical startups with novel products into revenue-producing companies is exactly the emphasis we need at this juncture in Grapheton’s young life,” said Sam Kassegne, Grapheton’s Co-Founder and Chairman of the Board. “His expertise and impressive track record in nurturing companies from early concepts into high-volume products will be invaluable as we move forward with commercialization of our BCI products.”
Mr. Lingren added, “I am excited to be joining Sam and his team on what I believe are disruptive products in the BCI market. This industry is poised for growth in helping people overcome disabilities and enhance their innate capabilities, and I hope to position Grapheton firmly in this growth.”
About Grapheton, Inc.
Founded in 2019, Grapheton is an early-stage company commercializing brain probes and power sources made from glassy carbon and graphene. These probes are completely biocompatible, corrosion-resistant, and non-toxic and can remain in the body for over ten years, unlike other probes which must be replaced every two years or less. Dr. Kassegne, a professor at San Diego State University who had served as Deputy Director of the National Science Foundation’s Center for Neurotechnology, has worked for over ten years with collaborators at the University of Washington and Massachusetts Institute of Technology (MIT). He and his team have three patents around the use of glassy carbon for brain probes and supercapacitors, as well as interconnecting glassy carbon with graphene.
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 “CALI From Above” TAKES OFF: US Nuclear’s Start-up Enters Huge New Market For Drones, Pilots, & Services
by usnuclearadmin
Los Angeles, CA. September 28, 2021 – US Nuclear’s (OTCQB: UCLE) new start-up company is Cali From Above and serves as a one-stop-shop for everything related to drones, thus entering the fast-growing, multi-billion-dollar drone dealer market.
Pilot training: Cali From Above has already trained numerous pilots at customer sites in numerous states, as well as providing virtual training for overseas clients.
Trainees are from fire and police departments, homeland security, as well as industrial and commercial users.
Drone pilot service contracts for supervising construction sites, regular inspections of solar panel and wind turbine power generators, survey contracts for inventory, safety, and orderly operation of large industrial, agricultural facilities or sites of all kinds.
Drone sales: Cali From Above is an approved drone seller, offering a wide range of drone brands, models, and accessories.
Special purpose drones designed to do much more than take pictures or videos:
Medical supplies and package delivery
Loudspeakers and spotlights
Patrol border crossings and shipping ports using the aerial detection of US Nuclear’s chemical, biological, and radiation sensors
Drone packages start at around $20,000
Production of advertising content for realtors, home repair, builders, country clubs, and tour guides, to name a few.
Talking about the markets for drones and drone-related services, Bob Goldstein (CEO, Cali From Above) said: “It is estimated that there are 1.5 billion cars in the world and over 3 billion qualified drivers. My expectation is the number of drones and drone pilots will exceed the number of cars by 2030. Drones and UAVs are a fast-growing business and US Nuclear aims to ride that wave forward. In the past, USN has designed and manufactured most of the products it sells. However, that strategy can be a trap in this fast-changing and expanding world of drone designs and capabilities. For this reason, we have chosen a multifaceted business model, acting as drone dealers, pilots, and pilot trainers, this way we can stay agile and do very well.”
Cali From Above started operations in April 2021 and has already achieved consistent monthly revenue growth.
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 Corp. Announces Second Quarter 2021 Results
by usnuclearadmin
Los Angeles, CA. September 22, 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 second quarter ended June 30, 2021.
Sales for the three months ended June 30, 2021, were $352,558 compared to $302,201 for the same period in 2020, an increase of 16.7%
The overall increase in sales principally due to US Nuclear starting to recover from the impact of COVID-19
Selling, general, and administrative expense were $620,854 compared to $346,203 for the same period in 2020, the increase of $274,651 or 79.3% was principally due to an increase in stock-based compensation.
During the three months ended June 30, 2021, stock-based compensation was $166,650 compared to $0 during the same period in 2020
Another expense was $817,314, a decrease of $875,021 from other income of $57,707 for the same period in 2020. The decrease was due to equity write down on investments in 2021 offset by a decrease in the amortization of the debt discount associated with the convertible debenture and by the change in the value of the derivative liability
Net loss of $1,282,312 compared to $145,117 for the same period in 2020
Robert Goldstein, CEO of US Nuclear Corp., commented:
“We are pleased to announce that our sales revenue is continuing to steadily increase as we recover from the impact of COVID-19. We will be exceptionally busy the rest of the year, with many new sales booked in the second quarter, as well as working on government fiscal year-end contracts due by September 30, and the calendar year-end which are both productive times for us. On other news fronts, we are excited about being shortlisted to progress into the next round of the ‘Charge On Innovation Challenge’ which aims to electrify ultra-class mining trucks to operate on electric power instead of diesel. Our proposal is based on using Grapheton’s novel supercapacitor technology, and numerical simulations of the entire system are promising. The next stage is comprised of a pitch-session, with final submission in November, and patrons identifying solutions in December 2021.”
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 & Partners Shortlisted for Next Phase in ‘Charge On’ Electric Truck Innovation Challenge
by usnuclearadmin
Los Angeles, CA. September 8, 2021 – US Nuclear (OTCQB: UCLE) and partners (Grapheton, Solar System Resources, and Four Point) were one of 21 (out of 350) companies that have been shortlisted for the next phase in the Charge On Innovation Challenge, which is a global competition under the patronage of 17 mining companies from around the world, including BHP, RioTinto, and Vale. The competition aims to electrify the largest trucks in the world, ultra-class mining trucks, to help reduce the consumption of diesel fuel and significantly cut harmful emissions. It has already attracted massive global attention, with more than 350 vendors registering their interest from 21 countries, and more than 80 applications submitted from the best engineering companies in the world.
Of the 80 applications submitted, 21 have been shortlisted to proceed to the next phase, which will comprise of a high-pressure pitch session followed by a deep dive into the innovative solutions. US Nuclear and partners are honored to be among the 21 companies selected, and even though they are a small team compared to some of the other competitors, they offer a unique and competitive solution based on organic vapor phase deposition and Grapheton’s novel supercapacitor technology.
A full list of the shortlisted companies:
3ME Technology, ABB, Altreonic-Kurt.energy, Ampcontrol / Tritium, Australian Turntables, BluVein, DB Engineering & Consulting with Echion Technologies, Farmboro Consulting, Hitachi Group, Infosys, Inverted Power Pty Ltd, IT & ES Industries, L&T Technology Services, Midwest Energy, Mitsui & Co. with Forsee Power and AVL, Saft, Shell Consortium, Siemens, Solar System Resources Corporation (including US Nuclear, Grapheton, and Four Point), Xiangtan Electric Manufacturing Group, *one company declined to be named
Sponsors:
BHP
RioTinto
Vale
Antofagasta Minerals, Barrick, Boliden, Citic Pacific Mining, Codelco, Evolution Mining, Freeport McMoRan, Gold Fields, Harmony, Minerals Resources, Newcrest Mining Limited, Oz Minerals, Roy Hill, South32, Syncrude, Teck, Thiess, Yancoal
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.
Robert Goldstein, CEO of US Nuclear Corp., commented: