Archive for Author: ian@overhoff.com
US Nuclear Corp. Reports Strong First Quarter 2017 Results

July 14, 2017 | no comments | Article | by: ian@overhoff.com

LOS ANGELES, CA--(Marketwired - May 19, 2017) - US Nuclear Corp. ( OTCBB : UCLE )

  • Sales revenue for the first quarter was $725,472, a 187% increase over the same period in the prior year
  • Gross Profit was $355,072, a 191% increase over the same period in the prior year
  • Net income for the first quarter was $91,233
  • Excellent start for 2017, robust back-log to carry momentum into second quarter

US Nuclear Corp. ( OTCBB : UCLE ), a leading manufacturer of advanced radiation detection instrumentation, issued Form 10-Q on May 15, 2017, in which it announced profitable financial results for the quarter ended March 31, 2017. 

"We are thrilled about our first quarter performance in 2017," commented Robert I. Goldstein, President, CEO, and Chairman of US Nuclear Corp. "We had a very productive start to the year, shipping several large orders that were on our backlog, while simultaneously capturing more sales to carry the momentum forward into the second quarter and position ourselves for an excellent year. We continued to see increasing demand for our DroneRAD product line, with several units currently in production and interest growing daily."

US Nuclear Corp. also opened a new office in Beijing, China during the first quarter of 2017. Robert added, "Technicians and product support specialists for our new office in China completed factory training earlier this year. We have already begun to see an increase in business in China as we are now able to communicate directly and more efficiently and offer local service/support to our customers."

Change Agent Fair

About US Nuclear Corp.

US Nuclear Corp. is a fully-reporting, publicly traded company on the Over-the-Counter Bulletin Board, traded under the ticker symbol UCLE. The Company's operations are principally engaged through its subsidiaries, operating two leading nuclear radiation detection companies, Overhoff Technology Corp. and Optron Scientific Company Inc. The Company designs, manufactures and markets branded, full line radiation detection and specialized advanced tritium technology for the nuclear energy industry and for emerging technological processes such as Thorium and Molten Salt (MSR) reactor technologies both domestically and internationally to customers such as United States Government Agencies, the U.S. Military, Homeland Security, Scientific Laboratories, Universities, Hospitals, nuclear reactor facilities in the United States, China, Canada, South Korea, Argentina, Russia and others.

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

US Nuclear (UCLE) at LD Micro Today: Radiation Detecting Drones

June 8, 2017 | no comments | Article | by: ian@overhoff.com

 

Equities Research |
The LD Micro Invitational Conference kicked off yesterday, with Equities.com CEO Enzo Villani giving a keynote address and discussing our new flat monthly rate trading platform. 100 microcap companies will be making 30-minutes presentations throughout today, with another 70 companies slotted for tomorrow.

We've been following a company presenting later this afternoon called US Nuclear Corp (UCLE) that manufactures advanced radiation detection instrumentation. The most recent product development is DroneRad - the incorporation of radiation and chemical sensors with drone mounted platforms to serve a variety of industries. The company has a strategic partnership with FlyCam UAV, announced last fall, that incorporates FlyCam UAV's Cypher 6, a commercial-grade hexacopter, and The NEO, an all-weather commercial co-axial octocopter, with US Nuclear Corp’s DroneRad aerial radiation detection system.

DroneRad detects particles that contain alpha, beta, gamma and neutron radiation. A gas collection option tests for the presence of chlorine, biological particulates, and aerosols such as anthrax and nerve gas, making DroneRad suitable for radiological, chemical and biological detection missions. Future upgrades to the DroneSensor package will detect methane and diesel fumes.to provides a comprehensive package that flies in all-weather, heavy winds, and with a heavy payload. This provides the opportunity to fly multiple sensors at one time with real-time wireless download.

US Nuclear reported revenues of $725,000 in Q1 2017, a 187% increase year-over-year, with gross profit of $355,000 and net income of $91,000. The company, headquartered in Canoga Park, California, opened a new office in Beijing during Q1. CEO Robert Goldstein stated, "Technicians and product support specialists for our new office in China completed factory training earlier this year. We have already begun to see an increase in business in China as we are now able to communicate directly and more efficiently and offer local service/support to our customers."

Mr. Goldstein is a physicist and an award winning specialist in the nuclear radiation detection industry with more than 40 years of experience in the field. He works closely in ongoing joint development programs with Los Alamos National Lab and Jefferson National Lab. An innovator and inventor, his experience in the field of radiation measurement, detection, and monitoring includes design and development of instrumentation for air, water and surface applications. Miniature radiation detectors for use during surgery are just a sample of his many inventions and innovative designs. He graduated from MIT with a BS in Physics and has an MS in Engineering from Stanford.

The stock trades very thinly (11,300 shares over the past month) on the Pink Open Market segment of the OTC Market - which is going to leave it vulnerable to big swings like today - but it is fully reporting and current with the SEC. We've reviewed the recent 10-K for 2016 and 10-Q for the first quarter of 2017, and we see a company growing revenue and expanding to the key Chinese market that is burdened with the discount often associated with non-exchange-listed stocks. Investors who can tolerate the volatility and illiquidity may wish to follow this company along with us.

Change Agent Fair
Change Agent Fair

January 25, 2017 | no comments | Article | by: ian@overhoff.com

Change Agent Fair

Thank you very much for attending the Change Agent Fair last Thursday. Your participation made it a big success! Our students appreciate the opportunity they had to learn more about your organization and efforts in a given delegation area.

 
 
 
 
ENVISION
1919 Gallows Road, Suite 700
Vienna, VA 22182
Mobile: (571) 294-2066
Change Agent Fair
Change Agent Fair
Change Agent Fair
Presidential Inauguration

| no comments | Article | by: ian@overhoff.com

Presidential Inauguration Leadership Summit 2017 Invitational

FlyCam UAV has been invited to participate in the Presidential Inauguration Leadership Summit 2017 as a member of the Inaugural Career Fair. The Presidential Inauguration Leadership Summit is designed to provide our next generation of leaders, 6th grade through college attendees, with vital information for building a better and brighter future.

Presidential Inauguration

Joining FlyCAM UAV will be US Nuclear Corp. In 2016 FlyCam UAV, a UAV (drone) manufacturer, partnered with US Nuclear Corp, a global leader in radiation and chemical detection. The two companies have married their two technologies with the NEO an all-weather UAV octocopter capable of carrying a number of radiation and chemical detection sensors. With the advent of merging FlyCam UAV’s NEO and US Nuclear Corp sensor technology aerial radiation and chemical detection is now a reality. Having these UAV mounted sensors quickly and efficiently surveying large areas for contamination eliminates risk to human life.

Using a UAV equipped with radiation and chemical sensors provides a proactive tool not previously available. Prior to this new technology personnel had to be equipped with some type of personal protective clothing or haz mat suits and hand held Geiger counters and walk or drive into hazardous situations. With the advent of this unique merged technology, UAVs equipped with radiation and chemical sensors, personnel can now safely pilot a UAV into a contaminated area and quickly get real time data downloaded to a laptop. That data is displayed as a full Gamma spectrum which provides radioactive isotope identification with GPS mapping.

CBRN Water Monitors

December 30, 2016 | no comments | Article | by: ian@overhoff.com

WANTED:
CBRN (Chemical, Biological, Radiological, Nuclear) Water Monitors

A recent survey by Environmental Protection Agency personnel found that Technical Associates is currently the sole source, worldwide, to provide comprehensive instrumentation for real time monitoring of radionuclides, chemicals, and biological contaminants in drinking water and wastewater. Information on the complete CBRN Chemical Biological and Radiation Detection System UniTect can be found at: http://www.tech-associates.com/dept/sales/product-info/TABrochure.pdf

CBRN Water MonitorsTechnical Associates is proud to announce the NextGen-SSS – http://www.tech-associates.com/dept/sales/product-info/nexgen-sss.pdf.

This model replaces model SSS-33-5FT. The heightened sensitivity of this model meets and exceeds the 2009 U.S. DHS (Department of Homeland Security) Protective Action Guidelines (PAGs) for Gamma, Alpha, and Beta levels of radiation http://www.fema.gov/good_guidance/download/10260).

Alarms and data records are an integral part of both instruments. The UniTect instrumentation and the NextGen-SSS are easily integrated into the existing infrastructure of water utilities and wastewater treatment plants.

This state-of-the-art instrumentation makes the detection of alpha and beta radionuclides in water at the required levels of detection possible for the first time. The NextGen-SSS was designed with industry input and manufactured with EPA’s 2009 PAG levels specifically in mind.

A Tritium Detector is optional for the Model NexGen-SSS and measures the 2009 PAG Tritium levels.

Drones Reporting For Work

December 25, 2016 | no comments | Article | by: ian@overhoff.com

via The Washington Post

Like the internet and GPS before them, drones are evolving beyond their military origin to become powerful business tools. They've already made the leap to the consumer market, and now they're being put to work in commercial and civil government applications from firefighting to farming. That's creating a market opportunity that's too large to ignore.

Drones Reporting For Work

via The Washington Post

Like the internet and GPS before them, drones are evolving beyond their military origin to become powerful business tools. They've already made the leap to the consumer market, and now they're being put to work in commercial and civil government applications from firefighting to farming. That's creating a market opportunity that's too large to ignore.

Drones got their tart as safer, cheaper and often more capable alternatives to manned military aircraft. Defense will remain the largest market for the foreseeable future as global competition heats up and technology continues to improve.

Source: Goldman Sachs Reaseach

To read the rest of the article please click here.

Drones Reporting For Work
CEOCFO Magazine

November 26, 2016 | no comments | Article | by: ian@overhoff.com

CEOCFO Magazine

Presidential Inauguration

Radiation Detection Solutions and Advanced Tritium Technology for Government Agencies, the Military, Homeland Security, Nuclear Reactor Facilities, Nuclear Power Plants, Hospitals and First Responders

Robert I. Goldstein, Chairman of the Board of Directors, Chief Executive Officer
US Nuclear Corp. (OTCBB: UCLE)

www.usnuclearcorp.com

 Interview conducted by: Lynn Fosse, Senior Editor, CEOCFO Magazine, - Published - November 14, 2016

CEOCFO: Mr. Goldstein, what is the focus at US Nuclear Corp. today?

Mr. Goldstein: We make sensors for radiation and for chemicals in air and in water. We sell those to nuclear power plants and hospitals and first responders. We are now putting them on drones and giving them especially to first responders to look for radioactive and chemical contamination in the environment. 

CEOCFO: Does the name US Nuclear throw people off a little bit?

Mr. Goldstein: Our core business is radiation measurement. The chemical sensors, we have been doing that for a few years, but we have been in the nuclear industry business for a long time, more than 60 years. As I said, our core business is radiation measurement. Our original company name was Technical Associates, which says nothing about what we do or even whether we are a manufacturer or not. We then bought two other companies, one named Overhoff Technology, one is named Electronic Control Concepts, which does not tell anything either about what business they are in. We were looking for a name that was descriptive of our business model and came up with US Nuclear Corp because people can understand the Nuclear part. But you are right, especially when we are selling to some overseas countries, they may not like it, however we have not found it to be a block to sales. 

CEOCFO: What is the competitive landscape and why do we want a US Nuclear company sensor?

Mr. Goldstein: Good question. Everybody has competition and in the radiation field, it is restricted a little bit because to calibrate the sensors a license is required. A radioactive source on-site is also required and not everybody wants to do that. So it is a little bit of a segmented business. Thermo Fisher is in this business, and they are a multi-billion dollar company, so you can see it is a very big business. 

We specialize in the stuff that is so hard to build that other people have given up on it. That gives us market protection. The specific areas are measuring Tritium. Out of all the radioactive materials; Tritium is the hardest to measure. We also measure radioactivity in water, which is also very difficult because the water acts as a shield in-between the sensor and the radioactive signal we are looking at, this blocks the signal making it very difficult. Those are two areas we have developed that other companies have not.

CEOCFO: How often might somebody measure? How often do they need to change the equipment – are there disposables with the equipment? Give us a little overall information.

Mr. Goldstein: If you work at a hospital or a technical university or a nuclear power plant or a national laboratory, all of these places have a lot of radioactivity they are using on-site. This requires, by law, a radiation safety officer – every institution utilizing radioactive elements is mandated to have a radiation safety officer (RSO) and a radiation safety department. This is really all they are doing; measuring -levels of radioactivity all day, every day. 

There are some disposables – a lot of the work is monitoring the air, so you have to replace the filters frequently in the air monitors in a lot of places, depending on where the air monitors are located. There are often air monitors located throughout the facility, not just one. Among the ways the RSO takes measurements includes using a special chemical called liquid scintillation cocktail; or a lot of places will take a special absorbent wipe and wipe the chemist’s bench or wipe the area in the nuclear pharmacy. The wipe and is then checked with a radiation detector to see if it is radioactive and what level the radioactivity is. Those wipes have to be replaced.

CEOCFO: Are you working on an ongoing basis with your clients?

Mr. Goldstein: Yes. These instruments need recalibration depending on what the regulator requires of them. This is necessary to assure accurate measurement. Everybody needs to recalibrate their instruments once a year, and some people have to do it four times a year. For instruments that are easy to ship they are sent back to us for calibration with a nominal charge for that service. For the big instruments, some of which can weigh 650 pounds or more, the instruments are sent with calibration instructions for the customer to do it for themselves.

 
 

 

CEOCFO: Would you tell us about your involvement with drones?

Mr. Goldstein: We all know that drones are used in a wide variety of fields at this time. The show great video and I believe they can even pick up sounds. Some use infrared cameras to look for hot spots in electrical systems or the temperature of the plants on a farm.

We just participated in a major drone conference in Las Vegas and the response to our product was enormous. Out of 215 vendors we were the only on offering a full weather drone capable of a heavy payload (up to 19 pounds) with radiation and chemical sensors. Several different participants said that they were looking for exactly what we offer. They were excited to learn we could detect radiation and chemicals such as methane from the air. We anticipate a similar response at the upcoming Drone World Expo in San Jose November 15-16, 2016.

Basically, drones are airborne robots. And just like robots in war, or in disaster relief, there are a lot of places where you really do not want to send somebody because it is dangerous. By instrumenting drones with chemical and radiation sensors, we are able to get information that is otherwise dangerous to obtain, or even impossible to get. For instance if there is a cloud above a burning hospital or whatever, know what contamination is in the cloud, providing critical information to determine mitigation and evacuation strategies without putting first responders at risk. The risk of entering a cloud of unknown contamination is incredibly dangerous to both first responders and news crews in helicopters. With the advent of commercial quality drones capable of carrying sensor instruments for aerial radiation and chemical detection the risk factor goes way down. 

CEOCFO: How are you interacting with the companies that are producing drones? What kinds of arrangements are you looking at or have in place?

Mr. Goldstein: In our most recent press release, we announced our strategic alliance with FlyCam UAV, which is a company that builds their own drones and also buys and resells drones. The drones we are using are quite unique with a good payload weight. They are not just carrying a video camera, in addition to the video camera our equipment weighs a few pounds and FlyCam UAV provides us with drones with exceptional payload weight capability. Weather and wind speed, good weather and bad weather, flying times and speed, are also contributing factors that need to be addressed with the drone quality FlyCam UAV provides for us. 

CEOCFO: Is there government regulation regarding your role?

Mr. Goldstein: The drone pilot needs to pass a certification written test. They have to know the regulations and they have to know how to read weather patterns and be aeronautical experts to some degree. We are licensed by the state of California to calibrate instruments. The FAA for flying the drone and the local radiation license are required.

CEOCFO: Would you tell us about your global presence?

Mr. Goldstein: About 60% of our business is overseas, 40% domestic. We have excellent name recognition for our Overhoff Technology brand, and favorable name recognition for our other two brands, Technical Associates and Electronic Control Concepts as well. In addition to U.S. and Canada, we sell in Korea, in China; South America, and in most of the NATO European countries. 

CEOCFO: How do you overcome some of the challenges with selling in a country like China? Do you work directly with your customers? Are you working through distributors or representatives?

Mr. Goldstein: We have been working through distributors, and that works quite well. We have been selling some materials into China for many years and we are increasing our efforts there. We are now opening an office in Beijing. This is important because our customers need to be reassured that there is a place to take their instruments if they need repair or just to have a friendly ear that they can call in the same time zone. 

CEOCFO: One of the things on your site relates to innovation. “Innovation is the rule at US Nuclear Corp.” How so?

Mr. Goldstein: As I mentioned before, we specialize in measuring the hard to detect materials.  In doing so requires innovation, creativity and imagination to design and build instruments that will perform accurately and dependably. Our line of water monitors are a really good example of such ingenuity and innovation. The Fairfax water district purchase one of our water monitors to protect the people and government in Washington DC. Tritium is incredibly difficult to measure and Overfhoff Technology is known globally for the instruments that have been developed to approach such a difficult subject.

CEOCFO: How is business today?

Mr. Goldstein: It is good. As you said, the general public does not know that there is radiation to measure, unless something like a Fukushima event takes place. As I was saying every hospital has a nuclear medicine department and their imaging department. All imaging is done with X-rays or radioactive materials. All the good colleges have chemistry and other departments that have radioactivity. With the development of new drugs radiation is used as a tracer; in other words to determine if their special new drug or special new molecule went to the target organ. So it is used as a tracer. Radiation is sort of everywhere, even though we do not realize it. For instance, headlights that are super bright, almost a blue white are made with Xenon, which is radioactive.

CEOCFO: Put it together for our readers in the business and investment community. Why pay attention to US Nuclear Corp?

Mr. Goldstein: We have a protected market with our instrumentation providing measurement for hard to measure elements. It is not just like opening a restaurant because you think your food is better than anybody else’s – we make products that nobody else makes. We are protected in that way. But also, we are the only ones that I have been able to find outside of the military that is putting sensors on drones, and I know that is going to be very big. We also are coming out with a radon measurement device that will help stop radon exposure. Radon is recognized as the second biggest cause of lung cancer after smoking. I think US Nuclear Corp has a very bright future as we meet the demand for instruments that fill a need which only we meet as described earlier. 

To read complete article click here .

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New SNNLive Video Interview with US Nuclear Corp. Discussing Strategic Alliance with Flycam UAV

October 25, 2016 | no comments | News Release | by: ian@overhoff.com

SNNLive Video Interview

LOS ANGELESOct. 25, 2016 /PRNewswire/ — StockNewsNow.com, The Official MicroCap News Source™, today published an SNNLive Video Interview with Robert Goldstein, CEO of US Nuclear Corp. (OTCBB: UCLE), a manufacturer of advanced radiation and chemical detection instrumentation, according to the Company’s website (see here: www.USNuclearCorp.com), and Jeri Donaldson, CEO of Flycam UAV, utilizes aerial imaging systems to deliver everything from footage for film and television to agricultural and industrial inspections, according to the company’s website (see here: www.flycamuav.com). The video interview was recorded in our studio in Los Angeles, CA on Friday, October 7th, 2016.

Click the following link to watch the SNNLive Video Interview on StockNewsNow.com:

Update with US Nuclear Corp. – Radiation and Chemical Detection Company Discusses Strategic Alliance with Flycam UAV

You can follow Stock News Now on FACEBOOKTWITTERLINKEDINYOUTUBE, and STOCKTWITS

Please review important disclosures on our website at: http://stocknewsnow.com/legal.php#disclaimer

About US Nuclear Corp.

US Nuclear Corp. is a fully-reporting, publicly traded company on the Over-the-Counter Bulletin Board, traded under the ticker symbol UCLE. The Company’s operations are principally engaged through its subsidiaries, operating two leading nuclear radiation detection companies, Overhoff Technology Corp. and Optron Scientific Company Inc. The Company designs, manufactures and markets branded, full line radiation detection and specialized advanced tritium technology for the nuclear energy industry and for emerging technological processes such as Thorium and Molten Salt (MSR) reactor technologies both domestically and internationally to customers such as United States Government Agencies, the U.S. Military, Homeland Security, Scientific Laboratories, Universities, Hospitals, nuclear reactor facilities in the United StatesChinaCanadaSouth KoreaArgentinaRussia and others.

For more information and company description, please visit: www.USNuclearCorp.com

Article also on Yahoo, https://yhoo.it/2fSSEzv

And SNN (Stock News Now), http://bit.ly/2fmBkyO