AveragePenny
1 month ago
$UCLE US Nuclear Forced to Expand Its Ohio Production Floor and Shipment Volume to Keep Up With the Surge of Incoming Orders
https://www.globenewswire.com/en/news-release/2024/08/19/2932101/0/en/US-Nuclear-Forced-to-Expand-Its-Ohio-Production-Floor-and-Shipment-Volume-to-Keep-Up-With-the-Surge-of-Incoming-Orders.html
LOS ANGELES, CA, Aug. 19, 2024 (GLOBE NEWSWIRE) -- To help keep up with surging incoming purchase orders, US Nuclear Corp. (OTC: UCLE) is now significantly expanding their Overhoff (Ohio) production floor area to increase shipment volume. This is necessary due to increasingly high demand for their famous tritium monitors. This is all caused by the AI nuclear energy boom and the big money, worldwide scramble to design and build the long awaited fusion energy generators that we are all waiting for.
For these reasons, USN is in the process of reorganizing one of the company’s subsidiaries, Electronic Control Concepts (ECC), thus improving efficiency and shipment volume amongst its subsidiaries.
ECC is one of US Nuclear’s newer divisions and specializes in manufacturing high-quality x-ray calibration and measurement instrumentation for x-ray machines globally. US Nuclear acquired ECC back in 2016 and moved production from New York to the company’s Overhoff Technology Corp. division in Milford, OH which manufactures tritium monitoring instrumentation. However, this move also shifted some of Overhoff’s resources to production of ECC instrumentation. Now, with Overhoff receiving a rising influx of new purchase orders, US Nuclear has decided to shift production of ECC equipment to its Technical Associates subsidiary in Canoga Park, CA.
This move will greatly benefit all of the company’s main branches. First and most importantly, it will free up resources at Overhoff to improve shipment volume and keep up with surging new orders. On the other side, Technical Associates has excess manufacturing capacity allowing for the flawless integration of ECC instrumentation production and further boost to its California shipment volume.
The move is already in the process and will be effective in the near future, providing an enormous boost to US Nuclear’s efficiency and shipments.
AveragePenny
1 month ago
$UCLE S&P 500 Nuclear Energy Stocks Prices Surge 800% on Largest U.S. Power Grid
https://www.globenewswire.com/en/news-release/2024/08/12/2928401/0/en/S-P-500-Nuclear-Energy-Stocks-Prices-Surge-800-on-Largest-U-S-Power-Grid.html
LOS ANGELES, CA, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Worldwide Energy Shortages and Soaring Prices are Driving Nuclear Power Growth for US Nuclear Corp. (OTC-QB: UCLE).
Extreme weather, soaring energy prices, and outdated energy infrastructure are leaving millions of people at risk of losing power, and the problems continue to get worse. The U.S. and countries around the world are increasingly turning to nuclear power in an effort to keep up with the surging demand, with the U.S. alone aiming to triple nuclear capacity by 2050, which puts US Nuclear at the forefront of this nuclear power revolution as a main supplier for nuclear power plant equipment.
The ongoing energy crisis, driven by increased demand, supply chain disruptions, and geopolitical tensions, has highlighted the urgent need for a more stable and resilient energy infrastructure. Conventional energy sources such as fossil fuels are becoming increasingly unreliable and expensive, contributing to economic volatility and environmental degradation, while renewables can’t provide the base-load of energy needed. In contrast, nuclear power offers a clean, efficient, and long-term solution to these challenges. There are numerous companies developing innovative nuclear technologies to meet rising demand, including both small-scale and large-scale fission and fusion reactors.
US Nuclear’s advanced nuclear technologies, including cutting-edge radiation detection instruments, are poised to play a critical role in meeting the energy needs of the future as each reactor will require significant radiation monitoring equipment. US Nuclear is the main dominant supplier of tritium monitoring instrumentation which is essential for both fission and fusion based reactors, and are also the market leaders in water monitoring instrumentation and ultra-sensitive radiation monitoring systems.
As global energy demand continues to outstrip supply, resulting in rising costs and instability, US Nuclear reaffirms its mission to provide safe, reliable, and environmentally-friendly equipment for nuclear energy solutions.
AveragePenny
2 months ago
$UCLE US Nuclear Corp. Announces First Quarter 2024 Results
https://www.globenewswire.com/en/news-release/2024/08/05/2924289/0/en/US-Nuclear-Corp-Announces-First-Quarter-2024-Results.html
LOS ANGELES, CA, Aug. 05, 2024 (GLOBE NEWSWIRE) -- US Nuclear Corp. (OTC-QB: UCLE), a leading manufacturer of advanced radiation, chemical, and biological detection and UAV instrumentation, recently announced the financial results for the first quarter ended March 31, 2024.
Sales for the three months ended March 31, 2024 were $627,750
Gross profit was $353,769
Gross margins were 56.36% as compared to 67.25% for the same period last year
Selling, general, and administrative expense were $498,198 compared to $735,825 for the same period last year, the decrease of $237,627 or 32.29% was due to careful management of expenses and overhead, and negotiating better prices with its vendors and consultants
Net loss of $173,242, a 74% improvement over last year
Robert Goldstein, CEO of US Nuclear Corp., commented:
“Our performance this year is off to a strong start with sales revenue coming in at $627,750. Our gross margins decreased slightly due to fluctuations in the cost of materials, but we are proactively adjusting our pricing to keep up with this change. With careful management, we were able to reduce selling, general, and administrative costs by 32% in a continued effort towards profitability.
"Sales of our tritium monitoring product line continue to increase as tritium is used more and more every day in fusion power research & development. Nuclear power generation is rapidly expanding in general as countries around the world turn to nuclear power to meet skyrocketing energy costs and demands. We sell a wide variety of equipment to nuclear power plants which purchase millions of dollars worth of instrumentation to safely outfit their operations. As these trends continue for the foreseeable future, we will see an increase in our sales revenue.
"In a landmark move this first quarter, the EPA also imposed new enforceable limits on PFAS contamination, requiring companies and utilities to reduce and monitor PFAS levels down to the lowest limits of 4ppt. This was welcome timing for us, as we recently launched a cutting-edge PFAS monitor that can measure PFAS contamination on-the-spot down to 1ppt in less than a few minutes which is below the EPA’s new limit. With this new rule in effect immediately, sales of this product should surge.”
AveragePenny
2 months ago
$UCLE Big AI Tech Companies are Scrambling to Invest In Nuclear Power, Fueling US Nuclear's Growth
https://www.newmediawire.com/news/big-ai-tech-companies-are-scrambling-to-invest-in-nuclear-power-fueling-us-nuclear-s-growth-7075745
LOS ANGELES, CA - (NewMediaWire) - July 09, 2024 - The power demands of tech companies are skyrocketing with the rise of artificial intelligence, leading many to invest heavily into the nuclear power market to help power their data centers. As a top provider to nuclear power plants and fusion power startups, this nuclear power revival will fuel US Nuclear’s (OTC-QB: UCLE) growth.
Nuclear power currently accounts for about 19% of energy production domestically, and 10% globally. However, demand for nuclear power is projected to double or even triple by 2050, requiring up to 800 GW of new nuclear power plants. Artificial intelligence is growing at lightning speeds, but will require tremendous amounts of energy, with some figures estimating that these servers could consume 85 terawatt hours per year—more than what many small countries use annually. The transitioning to electric vehicles is already straining the power grid.
As a result, many tech firms, especially AI firms, are rushing to invest heavily in nuclear power. Helion Energy, a fusion energy startup, has raised over $600 million with the help of Sam Altman, the CEO of OpenAI who strongly supports the synergy of AI and nuclear power. Microsoft has already signed a deal to purchase fusion energy from Helion, and made a second deal with a nuclear power plant operator in Virginia to help to supply nuclear-generated electricity to its data centers there. Google invested $250 million in a different fusion startup TAE Technologies, while Amazon founder Jeff Bezos raised over $130 million for a Canadian fusion startup called General Fusion.
US Nuclear is a main supplier of radiation detection equipment for nuclear power plants, and their growth will surge as old nuclear power plants are refurbished and new ones are built to meet these rising power demands. In addition, US Nuclear is the leading supplier of Tritium monitoring equipment, which is essential for fusion power research and generation which uses Tritium as its fuel source. US Nuclear is already working with several prominent fusion startups, and as fusion continues to gain prominence and funding, US Nuclear’s business will soar.
AveragePenny
4 months ago
$UCLE Open Letter to Shareholders From US Nuclear's CEO
https://www.newmediawire.com/news/open-letter-to-shareholders-from-us-nuclear-s-ceo-7075472
LOS ANGELES, CA - (NewMediaWire) - June 03, 2024 - US Nuclear Corp. (OTC-QB: UCLE) continues to be the industry technology leader in its sector, and continues to find solutions, do the jobs that others cannot accomplish, and go where others cannot follow.
Below are highlights from 2023 as well as an update for shareholders:
Total sales revenue of $2,231,095 up from $2,091,366 the previous year, an increase of $139,729 or 6.68%
Gross profit of $924,306 up from $788,068 the previous year, an increase of 17.29%
Gross margin was a healthy 41.43% up from 37.68% the previous year, an increase of 3.75%
Year on year Overhoff division gross sales have increased four years running and Technical Associates two years running
US Nuclear has two manufacturing plants in Cincinnati, Ohio and Los Angeles, California, with sales representatives in a great many countries
Acquisitions and Mergers
US Nuclear has made acquisitions over the years:
Overhoff Technology, World’s premier maker of Tritium monitors
Technical Associates, Maker of a wide range Radiation and Toxic chemical monitors
Electronic Control Concepts, Maker of medical X-ray test equipment
Cali From Above, Drones and drone services supplier
And is now actively looking for additional opportunities
Bob Goldstein, CEO of US Nuclear and graduate of MIT and Stanford in Physics and Engineering, provides the following highlights:
USN proceeds to develop and sell vitally needed health and safety equipment, specialized products and solutions that continue to grow in demand, commanding high markups and good profits. In particular, sales of our tritium monitoring products have increased as the use and market demand for these products surges.
We are also excited about our unique new PFAS monitoring product which can be used to detect even trace-amounts of PFAS contamination down to and below the EPA’s strict new limits that were recently put into force. With the EPA’s new standards requiring all companies and water utilities to start monitoring PFAS way down to a few parts per trillion, we expect to see an influx of new business for this product line.
US Nuclear's Overhoff Division is the Go-To Tritium Monitoring Solution
With fusion energy research and fusion power ushering in a new trillion-dollar industry, our tritium monitoring products will be at the center of this revolution and will see explosive growth as we are currently the go-to provider for tritium monitoring solutions.
The fusion power Joint European Torus (JET) recently set a new record demonstrating the ability to reliably generate fusion energy using tritium and deuterium as the fuel source, and with preparations for ITER and so many other multi-million and multi-billion dollar fusion projects well underway, the use and market demand for tritium gas and tritium monitoring products are surging.
Overhoff and its superior instruments maintain the top position due in part to its 50+ years of experience designing and manufacturing tritium monitoring products for the DOE, DOD, military, nuclear power plants, as well as medical and industrial customers.
It is exceptionally difficult to measure tritium accurately, and it requires decades of experience and specialized, finely tuned parts and procedures, all working perfectly in conjunction. As such, these specialty products command a high markup and good profits for unparalleled sensitivity, accuracy, and reliability.
Overhoff has already worked with all the largest tritium users in the world with extremely high customer retention due to the top performance brand recognition and reliability of their products, and will be the leading provider for all future tritium monitoring needs.
Drone Leadership
US Nuclear was the first company to sell drone mounted radiation sensors, and have stayed ahead of the field by offering the only full package of radiation, toxic and dangerous chemicals, greenhouse gases, drugs and fentanyl sensors. This market is rapidly expanding as more companies adopt this innovative technology, with US Nuclear selling these systems to numerous civilian and government agencies in the United States and many other countries abroad.
Growth of Nuclear Power and Medicine
Nuclear power provides about 10% of the world’s electricity generation globally and 19% within the United States. There are currently 440 power plants operating globally, with 61 additional reactors currently under construction and 92 planned. Global demand for energy is straining supplies, creating unprecedented need for nuclear energy which is a no-carbon, green energy source capable of filling the gap.
US Nuclear is a leading supplier to the $32+ billion market of nuclear power plant radiation monitoring systems.
US Nuclear’s investments in leading edge start-ups can make the world a better place
US Nuclear is proud to be Grapheton’s partner and largest investor, and is incredibly excited about their potential to revolutionize therapies for disabled people of every sort. Grapheton has developed cutting-edge bioelectronic implants aimed at treating various ailments such as cardiac abnormalities, chronic pain, Parkinson’s disease, and hearing loss, taking their technology a step further by using next-generation carbon-based material and multi-modal probes that read both electrical and chemical signals.
A large number of bioelectronic devices are implanted every year to treat various ailments, but up until now, the implants have been quite primitive compared with Grapheton’s innovative technology which has been developed over the past 15 years by scientists at San Diego State University and has succeeded in overcoming some of the biggest hurdles in this field.
USN’s z-pinch fusion energy start-up is marching swiftly ahead with each step
US Nuclear’s investment in fusion power startup, is meeting and exceeding each milestone at higher and higher Mega Ampere power levels in the race to net positive energy production to feed our ever-growing need for more clean green electric power. This will prove pivotal as the market for fusion research and fusion energy explodes into a trillion-dollar industry.
Space Travel
Just as US Nuclear Corp. was the first to provide vital radiation sensors to America’s Nuclear Navy in 1948, US Nuclear intends to outfit the new US Space Force as they go forth to protect America (but with newer high tech models, of course). Nuclear propulsion will be key to space travel, and recently the US military awarded a $33.7 million dollar contract to Lockheed Martin to develop nuclear spacecraft capable of carrying astronauts to Mars in just 45 days, which is drastically better than the 7–9 month voyage currently achievable and could show the way to interstellar spacecraft.
US Nuclear is incredibly excited about our current and future prospects and thanks you for all your support as we work together to make the world a safer, cleaner and healthier place to live a happy and prosperous life.
Bob Goldstein
Chairman & CEO, US Nuclear Corp.
AveragePenny
4 months ago
$UCLE US Nuclear Helps America Navigate the PFAS Ingestion Crisis
https://www.newmediawire.com/news/us-nuclear-helps-america-navigate-the-pfas-ingestion-crisis-7075097
LOS ANGELES, CA - (NewMediaWire) - May 20, 2024 - With toxic PFAS contaminants being found and ingested across the nation in everything from household products to soil, drinking water, air, and even throughout the food chain, US Nuclear (OTC-QB: UCLE) has launched a groundbreaking solution to help address this pervasive crisis. US Nuclear leveraged its new, cutting-edge technology to develop a rapid, highly sensitive PFAS monitor that can measure PFAS contamination down to an amazing 1 part per trillion in less than a few minutes, which is well below the EPA’s strict new limit of 4ppt.
Less than a month ago, the EPA issued the first ever standard for targeting PFAS contamination, requiring companies to reduce and monitor PFAS levels down to the lowest limit possible which is 4ppt. With the new rules in effect and with public concern about PFAS spreading, there is a drastic need for more testing, especially as PFAS contamination continues to be found in new sites across the nation. Alarmingly, high-levels of PFAS chemicals are being found across the entire food chain, including in mammals, birds, fish, vegetables, as well as in popular processed foods.
US Nuclear’s innovative PFAS monitor can be used by water utilities, private well, home, or farm owners, and water quality testing organizations to identify trace amounts of PFAS contamination in water or in air, onsite, enabling continuous monitoring and swift, targeted remediation without having to wait days or weeks for laboratory a report. In addition, US Nuclear’s monitors can measure and identify other common drinking water contaminants, such as arsenic and uranium, offering a comprehensive analysis to ensure safety.
“We are proud to introduce a PFAS monitoring system which can measure trace levels of PFAS on-the-spot within minutes, instead of relying on the time-consuming process of taking a sample and sending it to a lab for analysis,” commented Bob Goldstein, CEO of US Nuclear Corp. “Our technology represents a significant advancement for monitoring and tracking PFAS contamination, providing Americans with the tools they need to safeguard their health and resources.”
AveragePenny
4 months ago
$UCLE US Nuclear Corp. Announces Annual 2023 Financial Results
https://www.newmediawire.com/news/us-nuclear-corp-announces-annual-2023-financial-results-7074909
LOS ANGELES, CA - (NewMediaWire) - May 14, 2024 - US Nuclear Corp. (OTC-QB: UCLE), a leading manufacturer of advanced radiation, chemical, and biological detection and smart UAV instrumentation, announced the annual results for the year ended December 31, 2023.
2023 Annual Highlights
? Total sales revenue of $2,231,095 compared to $2,091,366 the previous year, an increase of $139,729 or 6.68%
? Gross profit of $924,306 as compared to $788,068 the previous year, an increase of 17.29%
? Gross margin was 41.43% as compared to 37.68% the previous year, an increase of 3.75%
? Selling and General and Administrative expenses increased by $281,851 or 12.34% due to increase in payroll costs for new employees and increase in professional fees
? Other expense of $1,792,160, an increase of $1,245,396 from the year prior, which is largely due to amortization of debt discount
? Net loss of 3,433,804 compared to $2,042,795 the previous year, a change of $1,391,009
Robert Goldstein, CEO of US Nuclear Corp., commented:
“We are happy to report that sales revenue has continued to grow for 2023, up another 6.68% from the previous year. Our gross profit and product margins are also up as we proceed to sell highly specialized products that continue to grow in demand, commanding high markups and good profits. In particular, sales of our tritium monitoring products have increased as the use and market demand for these products surges.
With fusion energy research and fusion power ushering in a new trillion-dollar industry, our tritium monitoring products will be at the center of this revolution and will see explosive growth as we are currently the go-to provider for tritium monitoring solutions.
We are also excited about our unique new PFAS monitoring product which can be used to detect even trace amounts of PFAS contamination below the EPA’s strict new limits that were recently put into force. With the EPA’s new standards requiring all companies and water utilities to start monitoring PFAS way down to a few parts per trillion, we expect to see an influx of new business for this product line.”
AveragePenny
5 months ago
$UCLE US Nuclear's Unparalleled PFAS Monitoring Products in Spotlight as EPA Sets First-Ever Limits on PFAS
https://www.newmediawire.com/news/us-nuclear-s-unparalleled-pfas-monitoring-products-in-spotlight-as-epa-sets-first-ever-limits-on-pfas-7074059
LOS ANGELES, CA - (NewMediaWire) - April 15, 2024 - On Wednesday, April 10, 2024 the White House issued the first-ever national drinking water standard that will require water utilities to drastically reduce the levels of toxic PFAS forever chemicals down to the lowest levels that can reliably be measured. Fortunately, US Nuclear (OTC-QB: UCLE) has long been aware of the dangers of PFAS, and has already developed the world’s first on-the-spot PFAS monitor that can measure PFOA and PFOS down to 1 ppt (parts per Trillion) in less than a few minutes, which is well below the EPA’s limit of 4 ppt. Using US Nuclear’s innovative monitors, water utilities and private well owners, can right now, on-the-spot, make the needed tests and then periodically or continuously monitor PFAS contamination thereafter, versus the time consuming and expensive process of taking each sample and sending it out to a lab for analysis.
PFAS is ubiquitous even in our rainwater. It is said that “PFAS chemicals now contaminate virtually all Americans at birth.” With the new legally enforceable standard in effect, water utilities that don’t currently monitor for PFAS will have 3 years or less to complete initial measurement surveys. And they must inform the public of the level of PFAS measured. If PFAS is detected in violation of the EPA’s new limits, the utility companies must purchase and install new technologies (such as US Nuclear’s equipment) to monitor/reduce PFAS in their drinking water. The Biden administration has already identified about 6-10% of water utilities believed to be in violation, and to exceed the new limits and need to make changes, leading to healthier and safer drinking water for over one hundred million people.
The EPA also announced that an additional $1 billion in federal funding is newly available to help municipal water utilities, owners of private wells, all water suppliers and water treatment plants to implement PFAS monitoring and treatment solutions. This funding is part of a $9 billion investment package through the Bipartisan Infrastructure Law to help communities tackle PFAS contamination, and an additional $21 billion is available for general drinking water improvements which includes monitoring and treating PFAS contamination, as well as for the many other toxic chemical, biological and radiological contaminants often found in drinking water which US Nuclear instruments can also monitor. This is an unprecedented amount of funding being allocated to measure and treat PFAS contamination, and US Nuclear is in a prime position to capitalize on this funding with their revolutionary PFAS monitoring products.
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