AveragePenny
2 days ago
$UCLE US Nuclear Corp. Overhoff Technology Division Forecasts a 50% Increase in 2025 Revenues
https://www.newmediawire.com/news/us-nuclear-corp-overhoff-technology-division-forecasts-a-50-increase-in-2025-revenues-7079054
LOS ANGELES, CA - January 23, 2025 (NEWMEDIAWIRE) - US Nuclear Corp. (OTC: UCLE), is pleased to announce that their Overhoff Technology Corp is seeing a surge in orders from the resurgence of interest in nuclear power plants, as well as the military, and pharmaceutical and research labs. The Company is expecting sales growth of 50% in 2025, and possibly a similar increase in 2026 as well.
“Overhoff has been making tritium monitors since 1972, and our products are proven to be the most reliable, and best performing tritium monitors on the market,” said Nikki Truax, Operations Manager for Overhoff.
“Tritium is the main fuel used in fusion power reactors, and as countries around the world make strides in the technology for fusion power generation, there will be a major increase in the demand for Overhoff tritium monitoring instrumentation,” said Nikki Truax. “US Nuclear radiation monitors have direct roots which stretch back to the Manhattan Project, when the founder designed the first radiation monitor, and Overhoff follows in their long tradition of being best-in-class for monitoring instrumentation in the nuclear space.”
“US Nuclear and Overhoff monitors can measure the levels of radiation and tritium in the nuclear space, the levels of carbon-dioxide and methane in the oil and gas space, and the levels of PFAS Forever chemicals, which will take decades to eliminate, in the industrial space,” said Mrs. Truax. “Overhoff and US Nuclear are looking for new Distributors and Sales Reps, to help us service this increasing level of interest in our products”
AveragePenny
1 week ago
$UCLE US Nuclear Announces the Upcoming Launch of a New Product Designed to Protect Our Borders
https://www.newmediawire.com/news/us-nuclear-announces-the-upcoming-launch-of-a-new-product-designed-to-protect-our-borders-7078961
LOS ANGELES - January 15, 2025 (NEWMEDIAWIRE) - US Nuclear Corp. (OTC: UCLE), is pleased to announce they have developed a device called the “Gauntlet Sentry,” designed specifically to protect border crossings, government buildings and military installations, from vehicles or terrorists transporting explosive devices emitting nuclear radiation, fumes from explosives or hazardous substances, including fentanyl.
“The product, and associated sales materials, and updated website, are expected to become available in the current quarter,” said Bob Goldstein, President of US Nuclear. “We have designed this to prevent a dirty bomb or the materials needed to make one from being smuggled into the country, or being smuggled into a government building or military base if already here. “
“What would be the impact of one of these devices being smuggled in and exploded in the parking garage of the Capitol Building, the Pentagon, the Norfolk Navy Yard, which is the largest naval base in the World, or a large nuclear facility?” said Mr. Goldstein. “We hope to have tests set up with the Departments of Homeland Security, the Army, Navy and Air Force, or representatives from the Trump administration, sometime in the near future.”
“The Company would like to announce that it is in discussions with two separate entities interested in potentially moving forward with a merger, or joint venture with the Company,” said Mr. Goldstein. “The Company has been approached before, but we would only move forward with a Company with a sound financial base, product line and Sales and Marketing team that could dramatically increase shareholder value.”
AveragePenny
2 months ago
$UCLE US Nuclear Announces 3rd Quarter Financials and Launch of New Marketing Initiatives
https://www.globenewswire.com/news-release/2024/12/04/2991486/0/en/US-Nuclear-Announces-3rd-Quarter-Financials-and-Launch-of-New-Marketing-Initiatives.html
LOS ANGELES, Dec. 04, 2024 (GLOBE NEWSWIRE) -- US Nuclear Corp. (OTC: UCLE) is pleased to announce that the 3rd quarter 2024 loss was reduced to $110,971 from $760,062 in 2023, a reduction of 89%. For the nine-month period, losses were reduced from $2,296,114 in 2023, to $728,320 in 2024, a reduction of $1,567,794, or 68%.
“These improvements in our path to profitability are just the beginning,” said Bob Goldstein, CEO of US Nuclear. “We’re working towards reducing our operating expenses 20%, while growing sales by 20% or greater!”
Revenues for the 3rd quarter were $610,864, an improvement of $17,362 over the 2023 revenues of $593,502. For the nine-month period, 2024 revenues were $1,741,182, an improvement of 9.6% over the 2023 nine-month revenues of $1,588,009.
Current Liabilities for the 3rd quarter 2024 were $2,412,805, a reduction of $2,426,690, or 50% from year-end 2023.
“We are setting aggressive sales targets for our sales professionals for the year ahead,” said Mr. Goldstein, “We are going to focus first on our nuclear monitoring product line, and we’re working on assembling packages that will include all monitoring devices necessary to protect a facility. We’ll market this line not only to current and future nuclear providers, but to fire, police, paramedics and government and regulatory agencies. Our contact and current customer list is quite extensive, and we expect an exciting year ahead for the Company!”
Please use the following link to see our 3rd quarter filing: US Nuclear
For sales and product information call Bob Goldstein at (818) 472-7071, or email Mark Kohn at mark.kohn@usnuclear.com. For Investor information call Jack Lennon at Chamberlain Capital (508) 360-8407 or at jjlennon@comcast.net
AveragePenny
2 months ago
$UCLE US Nuclear Announces a Significant Improvement in 3rd Quarter Financials
https://www.globenewswire.com/news-release/2024/11/19/2983615/0/en/US-Nuclear-Announces-a-Significant-Improvement-in-3rd-Quarter-Financials.html
LOS ANGELES, Nov. 19, 2024 (GLOBE NEWSWIRE) -- US Nuclear Corp. (OTC: UCLE) is pleased to announce they have made significant progress in reducing current liabilities by over $3 million in the 3rd quarter, while projecting a swing in profitability of over $1 million from the 3rd quarter of 2023. Results will be released with the 3rd quarter results later this month.
In conjunction with these efforts, the Company has increased pricing by 5.5% effective this month, and has begun a cost reduction program to reduce expenses 15%, or $100k per quarter in order to facilitate the road back to profitability.
Chamberlain Capital Partners have been retained to assist in these efforts by raising additional capital to fund the increased level of sales, and introduce marketing programs which will educate potential customers about the 50-year history of the Company in the nuclear-monitoring space. New initiatives will introduce monitoring devices that can identify and monitor the worst emitters of methane and carbon dioxide from the population of 5 million uncapped and abandoned oil wells in the US.
In 2025 the Company will introduce monitors to monitor the level of PFAS “forever chemicals,” a health threat area estimated to be many times larger than those created by both asbestos and tobacco combined.
For sales and product information call Bob Goldstein at (818) 472-7071, or email Mark Kohn at mark.kohn@usnuclear.com. For Investor information call Jack Lennon at Chamberlain Capital (508) 360-8407 or jjlennon@comcast.net.
AveragePenny
5 months 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
5 months 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
6 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
7 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.
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