US Nuclear’s Client Rolls-Royce to Build 16 Advanced Small Modular Reactors, Plus E.U. Declares Nuclear is Green

Rhea-AI Summary

US Nuclear Corp. (OTC-QB: UCLE) is positioned to benefit from Rolls-Royce's new Small Modular Reactor (SMR) initiative. Rolls-Royce plans to manufacture up to 16 SMRs, following the EU's declaration of nuclear power as 'green investments,' unlocking significant funding opportunities. Each SMR will cost around $2 billion and require approximately $10 million in radiation monitoring equipment. US Nuclear's subsidiary, Overhoff Technology, is listed as a vendor for tritium monitoring equipment, enhancing their revenue prospects in this growing market.

Positive

• Rolls-Royce's SMR initiative may significantly increase demand for radiation monitoring equipment.
• US Nuclear has an established sales history and is well-positioned to capitalize on the growing nuclear sector.

Negative

• None.

LOS ANGELES, CA, July 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – US Nuclear Corp. (OTC-QB: UCLE) client Rolls-Royce recently announced that their new nuclear reactor is a Small Modular Reactor (SMR) and that they have shortlisted six sites to build a new factory for manufacturing up to 16 of these new SMRs in an effort to secure a stable energy supply and quickly hit net-zero targets.  Furthermore, on July 6, 2022, European Union lawmakers voted to declare nuclear power as “green investments” thereby opening the door to hundreds of billions of dollars in funding and subsidies and significantly boosting their nuclear sector in the EU and other countries as well. Production of Rolls-Royce’s SMRs and boosting the E.U. nuclear sector will drive additional revenue to US Nuclear, which has an established sales history and is well positioned to capture radiation monitoring packages in these markets, including drone surveillance, tritium, air, water, and stack monitors.

Rolls-Royce’s strategy of factory production for its SMRs brings a number of important advantages in cost, safety, and speed of production. Conventional nuclear plants are each custom designed and built at greater expense and may not benefit from modern production advances that allow other industries to perfect their products over time.

These SMRs are expected to cost about $2 billion dollars each, which are less expensive than traditional nuclear power plants due to their small size and factory production.  The SMRs are fission based and will thereby still require up to $10 million worth of radiation monitors each, to ensure the safe operation of the reactor, as well as the safety of on-site personnel and the nearby public from radioactive fission products. These monitors will include gamma area monitors, continuous air monitors, stack monitors, and tritium monitors, all of which are specialties of US Nuclear. US Nuclear’s subsidiary, Overhoff Technology, has regularly provided tritium monitoring instrumentation to the UK/EU government and the nuclear industry for quite some time and is on Rolls-Royce’s equipment vendor list as a provider for tritium monitoring equipment to its network of nuclear power plants and reactors.

Nuclear power and nuclear navy enthusiasts may know that Rolls-Royce has been producing nuclear reactors for the British nuclear submarine and surface craft fleet and other uses since 1965.

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

FAQ

What is the significance of Rolls-Royce's Small Modular Reactor announcement for UCLE?

Rolls-Royce's SMR announcement could lead to increased demand for US Nuclear's radiation monitoring products, positively impacting UCLE.

How much will each Small Modular Reactor cost?

Each Small Modular Reactor is expected to cost approximately $2 billion.

What funding opportunities have arisen from the EU's declaration of nuclear power as 'green investments'?

The EU's declaration may unlock hundreds of billions in funding and subsidies for nuclear projects.

What role does Overhoff Technology play in relation to the SMRs?

Overhoff Technology, a subsidiary of US Nuclear, is a vendor for tritium monitoring equipment for Rolls-Royce's nuclear plants.

What is the expected revenue impact from the SMR strategy for US Nuclear Corp.?

The production of SMRs and the EU's nuclear sector expansion are likely to drive additional revenue to US Nuclear Corp.