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US Nuclear Corp. develops, manufactures, and sells radiation detection and measuring equipment globally through its Optron and Overhoff segments. The company offers a range of radiation monitors including water monitors, alpha, beta, gamma, tritium monitors, dronerad aerial detection, and more. Additionally, it provides software for various radiation measurements and monitoring applications. US Nuclear Corp.'s products find applications in nuclear reactor plants, universities, local and government institutions, and port security.
On May 5, 2022, US Nuclear Corp. (OTC-QB: UCLE) secured $611,000 in net working capital through a securities purchase agreement with Mast Hill Fund L.P. This funding comes via a $0.20 per share fixed price promissory note and cash warrants with a $0.75 strike price. The capital will enhance procurement efficiency, upgrade existing products, introduce new offerings, and expand marketing efforts in high-growth areas like nuclear power and safe water monitoring. The initiative aims to boost sales and production speed, enhancing overall revenue and customer satisfaction.
US Nuclear Corp. (OTC-QB: UCLE) is collaborating with Solar System Resources to advance space mining technology, focusing on critical energy resources like Helium-3, Lithium, and Cobalt. The AGH University of Science and Technology in Poland recently approved a new specialization in "Space Drilling" to adapt Earth’s mining technologies for space. This partnership aims to enhance Poland's role in international space exploration, with plans for a joint venture and strategic raw material reserves. Their historic MoU in 2021 established UCLE's exclusive rights to various space resources in North America.
US Nuclear Corp. (OTC-QB: UCLE) reported a 21.9% year-over-year increase in total sales revenue, reaching $2,137,607 for 2021. However, the company faced a net loss of $1,876,684, despite improving gross margins to 64.4% from 27.1%. Other expenses decreased significantly by $939,562 to $514,495. The company also highlighted a robust order backlog exceeding $1 million as it looks to capitalize on increasing demand in the nuclear energy sector. CEO Robert Goldstein emphasized recovery post-pandemic and growth prospects for its new subsidiary, Cali From Above.
US Nuclear (OTC-QB: UCLE) specializes in advanced drone detection systems that identify hazardous substances including radiation, chemical, and biological agents. Their DroneRAD technology employs miniature mass spectrometers, detecting nerve agents, explosives, and various toxic chemicals with high sensitivity. These drones are crucial for urban surveillance and monitoring post-accident fallout. Equipped with GPS, the drones provide real-time data displayed on color-coded maps, highlighting the company's strong position in public safety and environmental monitoring.
On April 2, 2022, US Nuclear (OTCQB: UCLE) submitted a proposal to Solar System Resources Corporation for 500 drones, with the option for an additional 500. These drones aim to support civilian safety in Ukraine amid the ongoing conflict with Russia. Designed for radiological and chemical safety, the drones will assist in creating evacuation routes and coordinating rescue operations. The proposal emphasizes US Nuclear's expertise in the drone industry to optimize drone selection based on user requirements.
US Nuclear (OTC-QB: UCLE) is initiating a fundraiser via Fundly.com to deploy additional DroneRAD radiation detection drones to Ukraine amid ongoing conflicts. Concerns about potential nuclear hazards are heightened due to Russian control of critical facilities, including Chernobyl, where over 20,000 spent fuel rods require constant cooling. The company emphasizes the necessity for remote radiation surveillance, citing incidents where nuclear sites were compromised during the conflict. Currently, one DroneRAD unit has been sent, and public contributions are sought for more units.
US Nuclear (UCLE) is sending its DroneRAD radiation detection drone to Ukraine in response to the ongoing conflict and potential nuclear risks. The drone will assist local authorities in monitoring radiation levels remotely. Equipped with gamma-ray and beta-gamma sensors, DroneRAD can identify hazardous radioactive hotspots and airborne particulates. The shipment will first go to Solar System Resources in Poland for transportation into Ukraine, where it will aid in ensuring the safety of civilians and personnel near nuclear facilities amidst escalating tensions.
US Nuclear Corp (OTCQB: UCLE) is positioned to benefit from France's recent announcement to construct 14 new nuclear power plants as part of its climate initiatives. Each plant necessitates around $12 million in radiation monitoring equipment, with US Nuclear expected to provide $10 million worth. The global nuclear power landscape is expanding rapidly, with over 440 reactors currently in operation and many more planned. US Nuclear's subsidiaries, Technical Associates and Overhoff Technology, are key suppliers of essential monitoring equipment to existing and emerging nuclear facilities worldwide.
US Nuclear Corp. (OTCQB: UCLE) reported a gross revenue increase to $2,236,000 for 2021, up 27% from 2020's $1,752,976. The company continues to face challenges from the COVID pandemic affecting supply chain and labor, yet remains optimistic about future growth. Key focus areas include increased RFQs, strong core product sales in clean air and water monitoring, and advancements in drone technology for various applications. Additionally, the company’s subsidiaries are expected to perform well in 2022, particularly in the electric vehicle sector.
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