Surge in Nuclear Power and Fusion Drives Sales to US Nuclear’s Tritium Monitoring Branch

Rhea-AI Summary

US Nuclear's subsidiary, Overhoff Technology Corp., specializes in tritium monitoring equipment, which is critical due to the increased focus on nuclear power and fusion energy. Tritium, a byproduct of nuclear reactors, is essential for several applications, including environmental monitoring and fusion energy projects. Overhoff is engaged with Japan, addressing the upcoming release of contaminated water into the Pacific Ocean, and is well-positioned to supply monitoring tools to various nuclear sectors as tritium availability remains low, with current stocks at approximately 25 kg and future needs estimated at 125 kg.

Positive

• Overhoff is recognized as the quality leader in tritium monitoring, a niche market with few competitors.
• The company is in discussions with Japan regarding ultra-sensitive tritium water monitors, indicating potential new contracts.
• Current tritium production is critically low, positioning Overhoff favorably as demand for monitoring equipment increases.

Negative

• The pressing need for tritium, with only 25 kg available today versus an estimated 125 kg required, highlights supply risks.
• Overhoff's reliance on the nuclear sector leaves it vulnerable to regulatory changes and public sentiment regarding nuclear energy.

LOS ANGELES, CA, Aug. 01, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – US Nuclear’s (OTC-QB: UCLE) subsidiary, Overhoff Technology Corp., is the world premier manufacturer of tritium monitoring equipment, whose sales are thriving amid the amazing surge of well-funded nuclear power and fusion plants and projects.  Tritium is generated in nuclear reactors as a byproduct of fission during nuclear energy production, is used as the fuel for fusion energy projects such as ITER, and is often used in pharmaceutical testing and manufacturing, exit and gun sight lighting, and maintaining the US nuclear weapons stockpile. Overhoff tritium monitoring products monitor tritium at all of these points and processes, during the production, storage, and use of tritium, to environmental monitoring of stack releases, drinking water, and seawater.  

Due to the difficulty of detecting tritium’s low energy beta ray emissions, there are only a handful of tritium monitoring manufacturers in the world, and Overhoff is well known as being the quality leader in this industry.  Overhoff is the only company with the designs, craftmanship, and skills to manufacture not only tritium air monitors, but also tritium water monitors for measuring tritium in drinking water and even in seawater.  Due to Japan’s imminent release of 1.3 million tons of tritium contaminated water into the Pacific Ocean, Overhoff is in talks with customers in Japan and the worried countries all around the Pacific about providing ground breaking, ultra-sensitive, tritium water monitors for measuring resulting tritium levels in the seawater, the fisheries, and drinking water.  Overhoff also supplies tritium water monitors to desalination plants to track any contamination in the plant’s seawater input and to track the quality of the drinking water that these plants provide for human consumption.

Tritium is mainly produced in nuclear reactors, and it is currently in very short supply.  The stockpile of tritium is around 25 kg today, yet it is estimated that it could take up to 125 kg of tritium to fuel a fusion reactor in the future.  The Tennessee Valley Authority (TVA), General Atomics, Savannah River Lab, and UKAEA’s H3AT facility are just a few examples of companies working on boosting tritium production to support the growing need for tritium.  Overhoff works directly with all of these companies, and is in a prime position for supplying tritium monitoring instrumentation as it is needed.  

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.

Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com. 

CONTACT:

US Nuclear Corp. (OTC-QB: UCLE)
Robert I. Goldstein, President, CEO, and Chairman 
Richard Landry, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com
usnuclearcorp.com
tech-associates.com
overhoff.com

FAQ

What is the significance of Overhoff Technology Corp. in the nuclear industry for UCLE?

Overhoff Technology Corp. is a leading manufacturer of tritium monitoring equipment, crucial for environmental safety and nuclear applications.

How is US Nuclear (UCLE) preparing for the release of tritium contaminated water in Japan?

US Nuclear's Overhoff is in talks to provide tritium water monitors to measure contamination levels in seawater and drinking water due to Japan's planned water release.

What challenges does US Nuclear (UCLE) face regarding tritium supply?

Currently, tritium is in short supply with only 25 kg available, while future nuclear fusion projects may require up to 125 kg, impacting operations.

How does Overhoff's technology impact environmental monitoring for UCLE?

Overhoff's tritium monitors are essential for tracking contamination in various water sources, enhancing safety and regulatory compliance.